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Absa in push to ease access to electric motorcycles

Absa in push to ease access to electric motorcycles

Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.

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‘We’re aware the boda market is built on trust’

‘We’re aware the boda market is built on trust’

Imagine you’re running an asset financing business in Europe and think, “Why not give East Africa a shot?” So you do the research, find the market, and discover real potential.  That’s how Mogo Uganda, an asset-financing tech company, landed in Kampala.  The

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Local contractors say bid qualifications requirements are unnecessarily high

Local contractors say bid qualifications requirements are unnecessarily high

At a glance, The Big We is a book that appears to spread the Ugafuturist-vision. But then you read the subtitle: “A Blueprint for Sustainable Growth of The Local Construction Industry in Uganda.” The author later clarifies that the BIG WE is an acronym for ‘Business Development, In

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Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s tea prices at the Mombasa Tea Auction have been holding steady for the past seven weeks, with the latest sale, Number 45, ending on November 5, 2024, at an average price of $1.02 per kilogram (around sh3,760). This price mirrors that of the past two weeks, indicating stability in the mark

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Uganda inks Shs500b deal to construct major 97km road

Uganda inks Shs500b deal to construct major 97km road

Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S

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US election: Ugandans hopeful vote outcome will sustain education aid

US election: Ugandans hopeful vote outcome will sustain education aid

The US heads to the polls today, with many across Africa, including Uganda, hopeful that the incoming president will maintain foreign aid that supports educational programmes. The US has significantly contributed to Uganda's education sector through scholarships, partnerships, funding, a

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Uganda shilling strengthens against dollar - BoU

Uganda shilling strengthens against dollar - BoU

Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which indicates that Uganda’s domestic financial market has continued to remain stable. The appreciati

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Uganda's coffee industry: Understanding the origins of UCDA

Uganda's coffee industry: Understanding the origins of UCDA

By Ezra Suruma In 1986 when the National Resistance Movement captured the apparatus of government, coffee was by far the most important export product of Uganda.  Coffee had enjoyed this supremacy since the 1950s when it overtook cotton as the most important “cash crop” and expo

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VIDEO: New details of how govt slept on job ahead of Kiteezi dumpsite collapse

VIDEO: New details of how govt slept on job ahead of Kiteezi dumpsite collapse

On October 4, the Electricity Regulatory Authority (ERA) published in this newspaper a “notice of intended application for licence” for the development of the proposed 20 Megawatts waste-to-energy power plant in Ddundu Village in Kyampisi Sub-county, Mukono District. The notice, a pr

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Top sustainability strategies for small businesses

Top sustainability strategies for small businesses

The growth of small and medium enterprises (SMEs) in Uganda has reached an all-time high, with an estimated 1.1 million SMEs operating across various sectors, according to a World Bank report. Despite this growth, one-third of Ugandan SMEs, especially small businesses, fail to survive their

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