Category: Business

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

Hajjati Rehema Nankya, the brain behind Fortress Hardware in Maya. She started with a small shop with capital worth UGX1.5M.Fortress Hardware, located in Maya Trading Centre along the Kampala–Masaka Highway, isn’t an ordinary enterprise. There’s a unique and inspiring story behind it

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Uganda rejects Kenya's request to access its fuel reserves

Uganda rejects Kenya's request to access its fuel reserves

Reports from Kenya say Nairobi had asked to tap Uganda’s petrol stocks as a temporary measure and promised to replace the fuel once delayed shipments arrived.Uganda rejected a request by Kenya to access fuel reserves held in the Kenya Pipeline Company network.The move is reported

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Uganda Maintains Mid-2026 First Oil Target Despite Auditor General Concerns

Uganda Maintains Mid-2026 First Oil Target Despite Auditor General Concerns

The Petroleum Authority of Uganda has reaffirmed that the country remains on course to achieve its long-awaited first oil by mid-2026, pushing back against concerns raised in a recent report by the Office of the Auditor General Uganda.Uganda’s journey to oil production has seen several t

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Mukono Traders Relocated After Eviction, Raise Concerns Over New Market Conditions

Mukono Traders Relocated After Eviction, Raise Concerns Over New Market Conditions

Authorities in Mukono Municipality have relocated traders to a new site following their eviction from Kame Valley Market, sparking mixed reactions over the suitability of the new location.The relocation follows a two-day operation conducted last week, during which municipal enforcement off

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President Museveni urges inclusive dialogue to stabilize South Sudan

President Museveni urges inclusive dialogue to stabilize South Sudan

Ugandan President Yoweri Museveni (right) shakes hands with H.E. Jakaya Kikwete, AU High Representative for the Horn of Africa, at Nakasero State Lodge on Tuesday. The two leaders greeted each other before holding high-level talks on the importance of political dialogue to stabilize South Sudan.

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Uganda set for showdown talks with Vitol as global oil disruptions bite

Uganda set for showdown talks with Vitol as global oil disruptions bite

The Bahrain-based subsidiary of Vitol, the world’s largest independent oil trading firm, has faced major disruptions after Iran restricted access through the Strait of Hormuz in response to joint US-Israel attacks about two months ago.KAMPALA: Senior executives of Vitol Bahrain E.C, Ugan

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Transport Ministry proposes UGX 8.3 trillion budget for roads, rail and air

Transport Ministry proposes UGX 8.3 trillion budget for roads, rail and air

Uganda and Kenya agree on SGR standards to link their conflicting rail systems, advancing the massive regional infrastructure project.KAMPALA, Uganda — The Ministry of Works and Transport is requesting 8.3 trillion shillings for the 2026/27 fiscal year, a 40% increase intended to moderni

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OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:

OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:

At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f

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UNBS to Inspect Sugarcane Weighbridges-Bahati

UNBS to Inspect Sugarcane Weighbridges-Bahati

The Uganda National Bureau of Standards (UNBS) is set to begin nationwide inspection and calibration of sugarcane weighbridges following the government’s decision to regulate rather than ban the devices.The exercise comes after weeks of protests by farmers and consultations between the g

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UDC Official Calls for Stronger Regulatory Systems to Safeguard Uganda’s Key Sectors

UDC Official Calls for Stronger Regulatory Systems to Safeguard Uganda’s Key Sectors

KAMPALA, Uganda – A senior government liaison official has called for urgent reforms in Uganda’s regulatory and procurement systems, warning that persistent weaknesses in enforcement and oversight are threatening public health, food security, and the nation’s economic stability.In a

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