The African Development Bank (ADB), under the leadership of its outgoing President Akinwumi Adesina, is playing a pivotal role in driving economic growth in various African countries, including Uganda. In recognition of his efforts to transform African economies, Kenyan President…
The Ugandan government’s recent allocation of an additional Shs 115 billion to Atiak Sugar Factory has raised eyebrows among citizens, with many questioning whether the investment reflects value for money. This new investment brings the total government investment in the…
IATF is a platform for boosting trade and investment in Africa and aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and a GDP of over US$3.5 trillion Preparations are on course for the Intra-African…
Earning Guarantor of the Year, the Market Innovation Award, and African Deal of the Year reaffirms AFC’s expertise in attracting global capital to African markets Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has been honoured with three…
The discovery of oil and gas reserves in Uganda has sparked a wave of excitement and investment in the country’s energy sector. As the sector continues to grow, it is rapidly developing high-level engineering capacity in Uganda, with far-reaching implications…
In a strategic move to expand its market share, Nile Breweries Uganda Limited has endorsed a distribution agreement with Red Bull and Charms, becoming the official distributor of Red Bull products in Uganda. This partnership is a win-win for both…
The Bank of Uganda, headed by Governor Dr. Michael Atingi-Ego, is taking a significant step towards promoting environmental sustainability by drafting a policy framework that will regulate the impact of banking institutions on the environment. This move is expected to…
Africa’s Largest Tech & Startup Show Expands, Introducing Industry-Defining Innovations, Global Exhibitors, and Cutting-Edge Digital Initiatives Under the High Patronage of His Majesty King Mohammed VI, May God Assist Him, the Ministry of Digital Transition and Administration Reform, in partnership with…
The East African Development Bank (EADB) has embarked on a search for a new Director General, following the departure of Ms. Vivienne Yeda. As the search continues, Mr. Bernard Paul Mono has been appointed Acting Director General, effective March 14,…
The government of Uganda has allocated Shs60 billion towards the completion and operationalization of the Coffee Value Addition Plant in Ntungamo District. The Coffee Value Addition Plant, being overseen by Nelson Tugume, the proprietor of Inspire Africa Coffee Group, is…
The Bank of Uganda (BOU) is set to introduce sweeping changes to Uganda’s mortgage finance sector with the upcoming Mortgage Refinance Institutions Bill, 2025. Once passed into law, this bill will empower the BOU to regulate mortgage refinancing institutions, including…
Uganda’s Minister for Energy and Mineral Development, Ruth Nankabirwa, has emphasized the need for a sustainable mineral development policy to optimize the country’s natural resources. This call to action comes as Uganda launches the Sustainable Development of the Mining Sector…
Uganda Airlines Limited has strengthened its partnership with the UN Regional Service Centre Entebbe (RSCE) through the signing of a Master Travel Discount Agreement. This collaboration, which was signed by Mr. Paulin Djomo, the Director of Administration at RSCE and…
The Parliament of Uganda on Wednesday approved an additional payment of Shs298 billion to Enrica Pinetti for the construction of Lubowa International Specialized Hospital, bringing the total amount of funds sunk into the project so far to Shs774.469 billion. The…
The government of Uganda has set aside Shs. 166.5 billion in a supplementary budget to support the construction of the East African Crude Oil Pipeline (EACOP). This significant allocation aims to accelerate the pipeline’s completion, enabling Uganda to meet its…