Category: Business

Kitgum Main Market Struggles to Attract Vendors Two Years After Commissioning

Kitgum Main Market Struggles to Attract Vendors Two Years After Commissioning

Kitgum Main Market is still operating below capacity, more than two years after its commissioning, raising concerns over declining local revenue collection.The 2.6 billion Shillings market, constructed under the Markets and Agricultural Trade Improvement Programme-II (MATIP II), was commis

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Entebbe traders decry 'selective' evictions under trade order

Entebbe traders decry 'selective' evictions under trade order

Traders in Entebbe Municipality say the ongoing enforcement of the Ministry of Local Government’s trade order has left them evicted without warning, relocation plans, or enough space in the new market areas.The municipal authorities began enforcing the order in different divisions, but s

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Uganda set to issue first sovereign sukuk to partly finance $3.16bn Kampala-Malaba railway

Uganda set to issue first sovereign sukuk to partly finance $3.16bn Kampala-Malaba railway

Uganda is preparing to issue its first sovereign sukuk as part of efforts to finance the construction of a standard gauge railway (SGR) linking Kampala to the Kenyan border town of Malaba, marking the country’s entry into Islamic capital markets, Ecofin Agency reports.The Ministry of Fin

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BREAKING: Starlink gets license in Uganda

BREAKING: Starlink gets license in Uganda

President Museveni has today witnessed the signing of the Memorandum of Understanding and operational license agreement between the Uganda Communications Commission and Starlink.The president in an X post said this marks "an important step towards the commencement of their operations in Ug

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Four Manafwa Officials in Trouble as UGX 8 Million PDM Funds Scandal Lands Them in Court

Four Manafwa Officials in Trouble as UGX 8 Million PDM Funds Scandal Lands Them in Court

Four government and local leaders in Manafwa District have been brought before court after being accused of stealing and conspiring to misuse funds meant for community development under the Parish Development Model (PDM). The case has attracted public attention because the money involved was mean

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Tumwebaze Flags Off Uganda’s First Canned Pineapple Exports to China

Tumwebaze Flags Off Uganda’s First Canned Pineapple Exports to China

The Former Minister of Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, has flagged off Uganda’s inaugural export of canned pineapples to China, describing it as a major breakthrough in the country’s agro-industrialisation drive and export market expansion.Tumwebaze said 10

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Former NSSF MD Richard Byarugaba joins Equity Group

Former NSSF MD Richard Byarugaba joins Equity Group

Richard Byarugaba has joined Equity Group Insurance to lead its new asset management subsidiary as the company expands into wealth management services.Equity Group Insurance Holdings Limited (EGIHL) has appointed veteran financial executive Richard Patrick Byarugaba as Managing Director fo

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URA Seizes Massive Consignment of Smuggled Mobile Phones, Suspect Arrested

URA Seizes Massive Consignment of Smuggled Mobile Phones, Suspect Arrested

Uganda Revenue Authority (URA) impounded an enormous consignment of mobile phones, estimated to fill nearly a full shipping container. The taxman believes the value of the phones could yield over one billion shillings in recovered taxes once fully assessed.The operation targeted shipments

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Makerere University LLB Pre-Entry Results: King’s College Budo, Gayaza High School Shine as Top Schools

Makerere University LLB Pre-Entry Results: King’s College Budo, Gayaza High School Shine as Top Schools

Makerere University has officially released the results for the 2026/2027 Bachelor of Laws (LLB) Pre-Entry Examination, with some of Uganda’s leading secondary schools once again dominating the highly competitive list of top performers.Leading the rankings was a candidate from Mbarara Hi

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Uganda, DRC Move Toward Joint Oil Exploration in Albertine Border Region

Uganda, DRC Move Toward Joint Oil Exploration in Albertine Border Region

ENTEBBE — Uganda and the Democratic Republic of the Congo have announced plans to jointly explore oil resources in the Albertine Graben along their common border, signalling a major expansion of economic and strategic cooperation between the two neighbours.The development emerged during

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