Business •
08 Nov '24
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
Business •
21 Oct '24
In early March 2017, panic-stricken officials from Uganda’s ministries of Works and Finance, dashed to Dar es Salaam to “compare notes” with their Tanzanian counterparts on among others, variations in prices of their disassociated Standard Gauge Railway (SGR) projects. President Mu
Business •
21 Oct '24
The hope of paving roads from the Ugandan border to cities in the Democratic Republic of Congo has got a lease of life after the transport ministers of both countries signed an amended agreement to develop them. The Uganda Minister of Works and Transport, Gen Edward Katumba Wamala, and h
Business •
08 Oct '24
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,
Business •
01 Oct '24
Tea farmers across Uganda are facing a looming crisis, with several processing factories on the brink of closure. This is on account of the low prices of the crop, which has forced some of the tea farmers to uproot the trees in favour of the more lucrative coffee growing and other ventur
Business •
01 Oct '24
There was a time less than a decade ago when Team Uganda bossed the men’s regional amateur golf stage. But the winning streak recently came to an end after a resurgence of new Kenyan stars like Daniel Nduva, Adel Balala and John Lejirma among others. Now Uganda Golf Union (UGU), af
Business •
24 Sep '24
Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr
Business •
13 Sep '24
A water cannon salute went off at about 6:25pm Nigerian time on Thursday, as the Uganda Airlines aircraft touched ground at the Nnamdi Azikiwe International airport, in Abuja, marking a historical first direct flight between Entebbe and Abuja for Uganda’s
Business •
12 Sep '24
The minister of state for works and transport Fred Byamukama has expressed optimism that the new Uganda Airlines route to the Nigerian capital will promote economic development and investment between the two countries.
Business •
09 Sep '24
On Thursday morning, the world woke up to the news of the death of top Ugandan marathoner, 33-year-old Rebecca Cheptegei, who had been undergoing treatment at the Moi Teaching and Referral Hospital in Eldoret.Â