The government of Uganda has announced plans to secure a new USD 400 million (over Shs1.4 trillion) loan from a consortium of lenders, including the African Development Bank (AfDB), the International Fund for Agricultural Development(IFAD), the Islamic Development Bank and UniCredit…
The Ministry of Finance, Planning and Economic Development has released a comprehensive economic outlook that provides a clear and compelling narrative for Uganda’s future. The data points to a steady and robust upward trajectory, affirming that the nation’s ambitious goal…
At the 9th High-Level Economic Growth Forum in Kampala held recently, a stark warning was delivered to Ugandan policymakers: mismanaging anticipated oil revenues and over-relying on non-tradable sectors could derail the nation’s long-term economic stability. During the said Forum, top…
High economic inequality poses a significant threat to global development by slowing progress toward shared prosperity and poverty eradication. The World Bank recognises that this issue is not merely a social concern but a fundamental barrier to growth. Experts like…
Over the past 14 months, the Ugandan shilling has shown remarkable strength, appreciating steadily against the US dollar. In a televised address today, Bank of Uganda (BoU) Governor Michael Atingi-Ego clarified the central bank’s role, asserting that this appreciation is…
In a significant boost to its economic diversification and growth agenda, Uganda has secured USD 150 million (over Shs537 billion) in vital funding from the Arab Bank for Economic Development in Africa (BADEA), earmarked specifically to empower its private sector.…
The Uganda Development Bank (UDB) is being lauded for its pivotal role in driving Uganda’s socio-economic transformation, significantly contributing to the nation’s economic growth and the realisation of the government’s development goals. Through strategic investments in key sectors, such as…
Between 2019 and 2022,UK was Uganda’s second largest source of investment after the Netherlands with an average annual foreign direct inflow of USD 685 million and a cumulative stock of USD 3.0 billion by 2023. In a bold move that…
Uganda’s agricultural sector is poised for a significant turnaround, thanks to the government’s focus on leveraging Agriculture Technology (Agritech). This was revealed by Matia Kasaija, the Minister of Finance, Planning and Economic Development, who was speaking at the Uganda-EU Business…
The Ministry of Health has received a USD3.72 million grant from the government of Japan in a bid to boost the fight against Coronavirus (COVID-19).