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Economy posts positive results despite negative predictions

Economy posts positive results despite negative predictions

The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by analysts that recovery was likely to nosedive, at the start of the year. The Permanent Secretary in the Ministry of Fin

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3 in 10 Ugandans going without food daily

3 in 10 Ugandans going without food daily

As Uganda today joins the rest of the world to mark World Food Day, at least three in every 10 households will skip a meal or not eat at all for the entire day. Mr Moses Mbuusi, a statistician at the Uganda Bureau of Statistics (Ubos), defined severe food insecurity as frequent and prolo

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Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical Industries, formerly Cipla Quality Chemical, is in negotiations to open a new manufacturing plant to produce new medications. The plant, if realised, will produce medications for infectious and non-communicable diseases, to add to its HIV and anti-malarial drugs. Mr

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World Bank says 26 poorest nations in worst financial shape since 2006

World Bank says 26 poorest nations in worst financial shape since 2006

 The world's 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday. The report finds that these economies are poorer

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Share of online govt services is now at 40% 

Share of online govt services is now at 40% 

Finance Minister Matai Kasaija has said Uganda has installed a total of 4,354 kilometre of fiber cables across the country, connecting 1,523 key government service delivery units to the National Backbone Infrastructure. Speaking during the 15th National Competitiveness Forum in Kampala,

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Shs400b to be injected in Mbale industrial park roads 

Shs400b to be injected in Mbale industrial park roads 

Deputy Speaker of Parliament Thomas Tayebwa has said government has already contracted China Railway Number 3 Group to design and build key infrastructure in the Sino-Uganda Mbale Industrial Park. The 619-acre park, which was commissioned in 2018, currently grosses an investment portfoli

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Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical Industries, formerly Cipla Quality Chemical, is in negotiations to open a new manufacturing plant to produce new medications. The plant, if realised, will produce medications for infectious and non-communicable diseases, to add to its HIV and anti-malarial drugs. Mr

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How wooden houses can transform Uganda's housing crisis

How wooden houses can transform Uganda's housing crisis

Wooden houses can position Uganda for a sustainable future by addressing the housing crisis through cost-effective, eco-friendly construction, reducing carbon emissions, and promoting responsible timber sourcing.  Modern wooden construction is revolutionising the housing market as a sus

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Atiak Sugar Factory: Billions spent, no production

Atiak Sugar Factory: Billions spent, no production

When the machines at the factory first started roaring over a decade ago, its senior management pledged to turn the venture into “an engine for development to support the livelihoods of vulnerable populations”.  More than a decade since its inception in 2013, Atiak Sugar Factory con

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Uganda's Balagadde builds cargo business in US

Uganda's Balagadde builds cargo business in US

Before starting Crane Cargo, a transport and delivery company based in Boston, Massachusetts, USA, in 2019, Mr Anthony Balagadde accumulated eight years of experience as an operations manager in the US-side transportation and logistics industry.  It helped a great deal that several peop

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