Uganda is gearing up for a landmark moment on December 12th, 2025, as the Trade and Development Bank (TDB Group) hosts its 40th Anniversary Cocktail and unveils a Commemorative Coffee-Table Book at the Kampala Serena Hotel. This is no ordinary…
The Bank of Uganda (BoU) has moved to dispel persistent confusion regarding the oversight of Savings and Credit Co-operative Organisations (SACCOs), firmly stating that it retains full supervisory authority over large SACCOs as mandated by law. According to Mr. David…
The inaugural Uganda Development Finance Summit (UDFS25) opened this week at the Speke Convention Centre in Kampala with a mix of celebration, critique, and bold ambition. President Yoweri Museveni, in his trademark bluntness, praised the Uganda Development Bank (UDB) for…
Uganda is set to host a landmark gathering that will redefine Africa’s development finance landscape. The Uganda Development Bank (UDB), in partnership with the Ministry of Finance, Planning and Economic Development on Thursday, July 24th, 2025, officially launched the Uganda Development…
Uganda is charting an ambitious course to dramatically transform its economy, targeting a tenfold increase from its current US$63 billion to a staggering US$500 billion within the next 15 years. This monumental leap, however, demands a fundamental shift in how…
Uganda’s ambitious ‘Tenfold Growth Strategy’ received a huge boost after the government announced the release of the first tranche of Shs170 billion from the World Bank, earmarked to revolutionise the country’s manufacturing and export value chains through the newly operationalised INVITE…
Uganda’s economic backbone is unequivocally its Small and Medium-sized Enterprises (SMEs). Accounting for a staggering 90% of the country’s private sector and contributing over 75% to its Gross Domestic Product (GDP), these vibrant businesses are the primary engines of job…
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, a few days ago unveiled the UGX 72.3 trillion National Budget for FY 2025 According to Anita Badagawa Mpora, a Ugandan energy expert with the Petroleum Authority of Uganda…
Uganda’s coffee industry is poised for significant growth with the launch of its third Connect Hub in Serbia. The hub, located in Zajecar, will facilitate trade logistics, promote value-added Ugandan products, and strengthen diplomatic and economic ties between Uganda and…
PostBank Uganda’s attainment of Tier One status is a significant milestone that reflects the bank’s strong performance and commitment to serving its customers. This achievement not only demonstrates the bank’s financial stability but also enhances its competitiveness in the market.…
In a significant move to drive economic growth and empower manufacturers, the Uganda Manufacturers Association (UMA) and the Uganda Electricity Distribution Company Limited (UEDCL) have embarked on a collaborative effort to improve service delivery and support manufacturers in Uganda. On…
Uganda has been named among the fastest-growing economies in Africa by the African Development Bank Group (AfDB). According to the latest statistics from AfDB, with a growth rate of 7.2%, Uganda is ranked third on the continent, driven by the…
Pride Bank, under the stewardship of Edward Nkangi, the Executive Director, over the weekend held a stakeholder dinner to mark a significant achievement in its journey, celebrating its transformation from a Tier III microfinance institution to a Tier II credit…
Evelyn Anite, the State Minister of Finance for Investment and Privatisation, has revealed that Uganda’s economy is experiencing a remarkable transformation, growing at an impressive rate of 7% and positioning the country as a top investment destination in Africa. According…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…