Business •
26 May '26
State Minister of Finance Henry Musasizi has issued a stern warning against any acts of sabotage targeting the anticipated iron ore factory in Rubanda District.Musasizi, who also serves as the Member of Parliament for Rubanda East, made the statements following reports of a fierce d
Business •
05 May '26
man often meets his destiny on the road he took to avoid it,” the French poet Jean de La Fontaine famously said. The idea is that, despite one’s best efforts to avoid a certain path in life, they end up facing it anyway.That pretty much sums up Paul Mwesigwa’s one-year tenure as Mana
Business •
02 May '26
The Ministry of Energy and Mineral Development has fired the Uganda Electricity Distribution Co. Ltd (UEDCL) Board chairperson, Ms Lydia Ochieng Obbo and placed its managing director, Mr Paul Mwesigwa, on forced leave over alleged regression of the company.In a statement issued on Saturday
Business •
20 Apr '26
Uganda Electricity Transmission Company Limited (UETCL) has commissioned the 220/132/33kV Buloba Substation, marking a significant step toward improving power reliability in the Greater Kampala Metropolitan Area.The substation was successfully connected to the national grid on Sunday eveni
Business •
17 Apr '26
The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods.Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to transl
Business •
01 Apr '26
Uganda Electricity Distribution Company Limited has registered a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators.The perfo
Business •
29 Mar '26
The Minister of State for Finance, Planning and Economic Development, Henry Musasizi, has appreciated the progress of the Inspire Africa Coffee Park in Ntungamo during a visit he made alongside Amos Kankunda, the Chairman of the Finance, Planning and Economic Development Committee of Parliament,
Business •
11 Feb '26
Government of Uganda and Standard Chartered Bank Uganda have signed financing agreements worth EUR 641.1 million (Shs 2.747 trillion) to fund three major infrastructure projects aimed at supporting the country’s Ten-Fold Growth Strategy and expanding the economy to USD 500 billion by 2040.
Business •
11 Feb '26
UEDCL also advised all affected customers to switch off their electrical appliances until power supply is fully restored.The Uganda Electricity Distribution Company Limited (UEDCL) has announced a planned power shutdown that will affect several areas on Wednesday, February 11, 2026, from 8
Business •
31 Jan '26
The Government of Uganda has signed financing agreements worth UGX 2.747 trillion to fund three major infrastructure projects aimed at strengthening power transmission, expanding water and sanitation services, and upgrading a key road corridor. The projects will be financed through externa