Business •
26 Apr '25
President Museveni has reiterated the urgent need for African solidarity and increased financial support to Somalia, as a key pillar for sustainable peace and stability in the Horn of Africa.The President made the remarks while chairing the Extraordinary Summit of Troop-Contribut
Business •
23 Apr '25
President Museveni has declared Uganda’s readiness to re-engage with Western powers, months after facing sanctions over the country’s controversial anti-homosexuality law.Speaking at a leadership forum at Munyonyo about recently, Mr Museveni revisited the fallout from the 2023 passage
Business •
22 Apr '25
Uganda continues to lose significant revenue from the artisanal and small-scale mining (ASM) sector due to rampant informality and weak regulatory enforcement, the Advocates Coalition for Development and Environment (ACODE) has said.Despite being rich in minerals, Uganda has failed to tran
Business •
14 Apr '25
The Ministry of Public Service has unveiled a plan for a massive salary enhancement strategy targeting all public servants across Uganda—a move projected to cost taxpayers over UGX688.9 billion.This proposal is detailed in the 2025/2026 Ministerial Poli
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30 Mar '25
Uganda has taken a major step in its oil sector after signing an agreement with Alpha MBM Investments LLC, a company based in the United Arab Emirates (UAE), for the construction of a crude oil refinery in Hoima District.
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30 Mar '25
KAMPALA, Uganda — Uganda’s construction sector is facing a financial crisis due to the government’s failure to pay UGX 1.351 trillion in arrears to road contractors, according to Francis Mwijukye, Shadow Minister for Works and Transport.
Business •
18 Mar '25
Uganda is one of the top 26 countries that face significant risks due to the reductions in U.S. foreign aid, particularly impacting health sector financing.According to an analysis from the Washington, D.C.-based
Business •
12 Mar '25
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
Business •
07 Mar '25
Spiro , one of Africa's largest EV players working with partners like Gnugrid CRB and Airtel Money have introduced the country's first AI electric motorcycle market.Under this new initiative, anybody connected to Airtel will be in position to initiate the whole process of obtaining a new m
Business •
07 Mar '25
Uganda has officially joined the Fund for Export-Development in Africa (Feda),marking a significant step in the country’s economic transformation and its commitment to industrialization and value-added export development across Africa.The signing of Feda's Establishment Agreement took pl