Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned 2.7 billion euro ($3.19 billion) Standard Gauge Railway (SGR) project.In a post, opens new tab on the X platform, the East African country's finance ministry said Uganda is "in t
Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S
