Uganda and the UAE kicked off their fourth annual business forum in Kampala, aiming to boost a $2.8 billion trade relationship dominated by Ugandan gold. Foreign direct investment from the Gulf nation has surged tenfold, fueling growth in sectors like agribusiness and renewable energy.
Russian stocks continued to plunge on Monday, fuelling fears of a major financial crisis following Donald Trump's swingeing new sanctions. The Kremlin has been rocked by the White House's decision last week to target its two largest oil companies in the latest sanctions package.
LILONGWE | Xinhua | Malawian President Peter Mutharika has issued an executive order banning the export of raw, unprocessed minerals as the country gears itself up to develop its wide range of mineral resources.The order was released on Saturday, reaffirming the government’s c
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.Delayed construction heightens importance of missing piece in
Uganda is in the middle of high-stakes negotiations with the United States, aiming to strike a new bilateral deal that could ease visa restrictions and lower tariffs on Ugandan exports.The talks, currently being held behind closed doors, have drawn in key player
Scientists at the National Agricultural Research Organisation (NARO) have developed a groundbreaking innovation dubbed “Aflasafe” to combat the rising threat of Aflatoxins—naturally occurring toxins caused by fungi that pose serious health risks and are increasingly
The Ugandan government has broken its silence on the sharp decline in coffee prices that has sparked widespread concern among farmers and sector players.In a detailed statement issued on Sunday, Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, confirmed the price s
Uganda has overtaken Ethiopia to become Africa’s leading coffee exporter, recording unprecedented export volumes and earnings in May 2025.The country shipped 47,606.7 tonnes of coffee last month, surpassing Ethiopia’s 43,481 tonnes and marking a 43.6% year-on-year growth.Accordi
The government of Uganda has officially wrapped up National Science Week 2025 with a press conference celebrating its resounding success and outlining ambitious plans to advance the nation’s Science, Technology, and Innovation (STI) agenda.With over 3,000 students and 200 innovators show
The government has announced new tax measures on cigarettes, beer, imports, and agricultural by-product exports in the 2025/26 national budget, in a bid to boost domestic revenue and harmonize with regional tax frameworks.Presenting the budget to Parliament on Thursday, Finance Minister Ma
