Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option
A single flooding incident at Isimba Hydropower Plant in August 2022, plunged Uganda into darkness. The incident, which resulted in the emergency shutdown of the 183MW Isimba, coincided with a periodic maintenance of some of the generational units at the 250MW B
Five months after its launch, Zimbabweâs new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the governmentâs plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold, is the
August had the highest number of international passengers going through Entebbe International Airport, the Uganda Civil Aviation Authority (UCAA) has said. “Entebbe International Airport facilitated a total of 212,701 international passengers in August 2024, an average of 6,861 passeng
The International Monetary Fund has said Uganda has navigated post-Covid-19 recovery well due to sound macroeconomic policies.The country’s economic recovery, the IMF noted in a statement is strengthening, chara
As of April 2024, the East African Community accounted for 31.7 percent of Uganda’s total export market whereas her total trade with the rest of the world increased by 36.3 percent to US$18.1billion in 2023 from US$13.3billion in 2022, while total imports from
Chinaâs approach to African countries, and Uganda in particular, has been heavily influenced by a shared sense of historical and contemporary struggles against neo-imperialism. This belief has shaped C
President Museveni arrives for the meeting with the traders on May 7, 2024.The meeting between President Museveni and traders, where he was expected to discuss his decision on their demands regarding the implementation of Electronic Fiscal Receipting and
Uganda and Kenya have reignited a 30-year-old plan to build a petroleum pipeline from Eldoret to Kampala, aiming to secure stable fuel supplies and reduce price volatility.Uganda's Minister of Energy and Mineral Development, Ms Ruth Nankabirwa, and other
India and South Korea are advancing discussions to upgrade the 2010 Comprehensive Economic Partnership Agreement (CEPA). The 11th round of negotiations will take place in Seoul from July 17-19. Both nations are seeking greater market access for essential produc
