Category: Business

Uganda’s economy improves in January as inflation rises to 3.2% and exports surge 83.5%

Uganda’s economy improves in January as inflation rises to 3.2% and exports surge 83.5%

Uganda’s economy registered an improvement in January 2026, supported by better business conditions, rising consumer demand and increased employment levels, according to the latest Performance of the Economy Report.The report indicates that economic activity continued on an upward trajec

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Soroti Fruit Factory posts Shs5.3Bn loss despite management overhaul – Audit

Soroti Fruit Factory posts Shs5.3Bn loss despite management overhaul – Audit

Soroti, Uganda: The Soroti Fruit Factory operates at a loss of Shs5.371 billion for the 2024/2025 Financial Year, deepening its financial troubles despite a recent management overhaul, the latest Auditor General’s report reveals.The audit report released on December 31, 2025 by Auditor G

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UGANDA: China’s zero-tariff policy to boost Africa’s industrialization

UGANDA: China’s zero-tariff policy to boost Africa’s industrialization

39th African Union summitKAMPALA, UGANDA | Xinhua | A senior Ugandan official on Tuesday welcomed China’s decision to fully implement zero-tariff treatment for 53 African countries with diplomatic relations, starting from May 1, saying the move will accelerate industrialization and econo

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Gaming stakes to hit Shs14.1 trillion as regulator revenue rises from Shs17.4 billion to Shs391 billion in 10 years

Gaming stakes to hit Shs14.1 trillion as regulator revenue rises from Shs17.4 billion to Shs391 billion in 10 years

Finance Minister, Matia Kasaija congralating Mr Kenneth Kitariho (right) upon his inauguration as Chairperson of the NLGRB. Looking on is outgoing board chairperson Aloysius Mugasa (2nd left) and CEO Denis Mudene Ngabirano.Ten years after it was created, the National Lotteries and Gaming R

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Kenyan President calls for emergency EAC summit as $89 million gap threatens to paralyze the bloc

Kenyan President calls for emergency EAC summit as $89 million gap threatens to paralyze the bloc

The President of Kenya and Chairperson of the East African Community (EAC) William Samoei RutoKenya’s President William Ruto has called for an emergency summit of Heads of State of the East African Community (EAC) to attempt to deal with mounting financial crisis at the regional bloc.

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Excitement in Kisoro as Lake Chahafi is Restocked with 876,400 Tilapia

Excitement in Kisoro as Lake Chahafi is Restocked with 876,400 Tilapia

Reader modeExcitement in Kisoro as Lake Chahafi is Restocked with 876,400 Tilapiaugandaradionetwork.com12minThere is excitement in Chahafi Town Council in Kisoro District following the restocking of Lake Chahafi. Residents have welcomed the introduction of 876,400 tila

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EACOP project sparks ongoing battle over land and justice

EACOP project sparks ongoing battle over land and justice

Kampala, Uganda | THE INDEPENDENT | In Arusha, Tanzania, Lubega John Nsamba represented her ailing father, John Mary Nsamba, whose land along the East African Crude Oil Pipeline (EACOP) had been acquired without what the family considered fair compensation.Over a month after his burial nea

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Why Kampala needs trade order now

Why Kampala needs trade order now

COMMENT | JOSEPHA JABO | On Thursday, February 5, 2026 the minister for Kampala, Minsa Kabanda, addressed journalists at Uganda Media Centre, briefing them about the new trade order, available workspaces in public markets for street vendors and the revival of the Sunday Market. The press conferen

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Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government of Uganda and Standard Chartered Bank Uganda have signed financing agreements worth EUR 641.1 million (Shs 2.747 trillion) to fund three major infrastructure projects aimed at supporting the country’s Ten-Fold Growth Strategy and expanding the economy to USD 500 billion by 2040.

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Banks Urged to Embrace Modern Technology to Improve Service Delivery

Banks Urged to Embrace Modern Technology to Improve Service Delivery

The Minister of Information and Communication Technology and National Guidance, Dr Chris Baryomunsi, has called on banks in Uganda to embrace modern technology to enhance efficiency and improve service delivery to customers.Dr Baryomunsi made the remarks while speaking at the National Lead

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