High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa
Can Green Finance Unlock Uganda's Potential? Only 22 percent of Ugandan farmers in agribusiness have access to green finance according to the 2023 FinScope Uganda report. Many subsistence farmers continue to report less and less harvest every year and yet don’t know why. The answer is obvi
Ugandans studying in India have highlighted the need for economic independence and noted that one way of achieving this is by embracing local produce. This was on October 9 during Uganda's Independence Day celebrations at Marwadi University in India. Dr Derrick Ssebaduka, the preside
The Opposition Forum for Democratic Change (FDC) has rubbished the recently released 2024 National Population and Housing Census report, calling for a repeat of the entire exercise. The party deputy secretary for publicity, Mr Warid Lubega Mulindwa, said the report released by Uganda Bur
Close to half of agricultural loan applications are rejected, data in the Bank of Uganda 2024 Annual Report shows. The report, which reviews different funds managed by the Central Bank, including the Petroleum Fund and the Small Business Recovery Fund, among others, indicates that in the
Senior presidential advisor on trade, Phillip Kakuru, has called upon investors from Czech Republic to consider investing in Uganda’s unexploited potential. Kakuru, who led a delegation of Ugandan business community and diplomats for the first Uganda-Czech business forum in Prague on O
KAMPALA, UGANDA – Government of Uganda through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) and Uganda Coffee Development Authority has officially launched a nationwide coffee registration exercise aimed at enhancing sustainability, impro
Kenya's parliament on Tuesday tabled a motion to impeach Deputy President Rigathi Gachagua for gross violation of the constitution, the speaker said, as local media reported that he had fallen out with President William Ruto. Over one third of lawmakers signed a motion presented by Mweng
The High Court in Kampala has referred a human rights application that was filed by Busiki County, Namutumba Member of Parliament Paul Akamba to the Constitutional Court for determination. In his application, Mr Akamba who is accused of seeking for 20% kickback from the chairperson of U
Israel warned Iran on Monday that nowhere in the Middle East was beyond its reach and hinted at a land invasion of Lebanon after assassinating the leader of the Tehran-backed Hezbollah group, one of its biggest adversaries, in a Beirut suburb last week. "There is nowhere we will not go t
