Anne Juuko knows what it means to take over a bank at an awkward time. In March 2020, she became Chief Executive of Stanbic Bank Uganda. Within weeks, Uganda was in lockdown, businesses were struggling and banks were restructuring loans…
A Shs42.6 billion dividend payment from Airtel Uganda has added to the income generated by the National Social Security Fund (NSSF), highlighting how the retirement fund is using workers’ savings to acquire stakes in businesses across Uganda’s economy. The payment,…
Uganda’s digital economy is expanding. But as hundreds of thousands of young people enter the labour market every year, the bigger question is not simply whether technology can create jobs. It is whether those jobs can provide sustainable incomes and…
Uganda’s ambition to build a US$500 billion economy by 2040 will depend partly on how effectively it converts its mineral wealth into productive businesses. Yet, beyond the minerals beneath the ground lies another resource with significant economic potential: an estimated…
Aliko Dangote’s planned 700,000-barrel-per-day refinery in Kenya is putting fresh attention on Uganda’s delayed $4 billion refinery at Hoima. But the two projects are not yet in a straightforward construction race. Dangote is scheduled to break ground on the Lamu…
Uganda’s tourism industry is growing rapidly. International visitor arrivals reached 1.64 million in 2025, a 19.7% increase from 1.37 million in 2024. Tourism receipts rose by 21.3% to Shs5.83 trillion, equivalent to approximately $1.62 billion, according to the Ministry of…
Northern Uganda is looking beyond wildlife tourism to explore another source of economic activity: turning its farms, food traditions and cultural heritage into tourism experiences that visitors can pay for. The proposition took shape on September 25, 2026, when the…
Uganda plans to raise about Shs12.7 trillion in net domestic financing in FY2026 For businesses, the important question is what that borrowing will do to the cost and availability of credit. The Bank of Uganda says the domestic financial market…
Uganda’s National Social Security Fund has delivered its biggest return in four decades, but the record payout also highlights a much larger question: how many Ugandans are saving consistently enough to benefit from long-term investment? For the financial year ended…
For a business, the most important question about Uganda’s September–December 2026 rainfall season is not simply how much rain will fall. It is what happens to the business if a key road becomes impassable, a supplier cannot deliver, stock is…
Uganda’s growing digital economy depends on more than smartphones, apps and online payments. Every day, motorcycle riders move meals, goods and orders from restaurants, shops and businesses to customers, making them an essential link between the digital and physical economies.…
Uganda’s external position is improving, but the shilling is telling a more complicated story. In the 12 months to June 2026, Uganda recorded a US$2.39 billion balance-of-payments surplus, more than double the US$1.03 billion recorded a year earlier. International reserves…
Uganda’s new petroleum import arrangement has given the country a more direct role in purchasing fuel. The question now is how that control benefits the wider economy. For years, Uganda’s fuel largely came through Kenya under an arrangement in which…
Uganda’s shilling has come under renewed pressure in September, with the currency moving towards the Shs4,000-per-dollar mark as businesses increase their demand for foreign currency amid higher energy costs, import requirements and uncertainty in global markets. On September 17, commercial…
Uganda is expanding access to agricultural machinery, but the bigger test of its mechanisation drive begins after the machines are handed over. On September 19, the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) commissioned and handed over 150 single-axle…