Uganda’s economy has demonstrated remarkable resilience in the first half of 2025 and is now on a robust upward trajectory, with key indicators pointing to strong and sustainable growth. This was revealed today by Hon. Matia Kasaija, the Minister of…
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 move aligning directly with Uganda’s national development agenda and the ‘Tenfold Growth Strategy‘, Stanbic Bank Uganda rolled out a formidable Shs 1 trillion (approximately USD 268 million) to empower Women, Youth, and Farmers (WYF) across the nation.…
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…
The 13th CPA Economic Forum, hosted by the Institute of Certified Public Accountants of Uganda (ICPAU), has turned into a pivotal gathering for shaping Uganda’s economic trajectory. Far from being just a professional meeting, this three-day Forum, going on at…
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 Airlines launched direct flights from Uganda to the United Kingdom early this week, marking a significant milestone in the national carrier’s resurgence. The inaugural flight touched down at London Gatwick Airport on May 18th, 2025, and the Airline will…
The Ministry of Finance, Planning, and Economic Development has announced the release of funds for the fourth quarter (Q4) of the 2024/25 financial year, alongside a positive outlook on Uganda’s economic performance. The press statement, delivered by Permanent Secretary Ramathan…
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…
The seventh annual bankers’ conference, hosted by the Uganda Bankers Association (UBA) on June 19th at the Kampala Serena Hotel, buzzed with discussions on Environmental Social and Governance (ESG) issues, reflecting a growing global trend among businesses. Under the theme…
The government, oil and gas companies continue to counter opposition to the development of the sector in Uganda, which has recently targeted religious institutions. The crusaders accuse the government of allowing activities that they say will affect the livelihoods of…
The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127…