Uganda’s decision to extend the suspension of new mineral licences for another three months is more than a regulatory pause. It signals a shift in how the government wants to allocate mineral rights, with investors increasingly expected to demonstrate how…
By Debbra Mugaga Muyinza, Vice President, Diversified Industries Uganda’s gold story has reached a defining moment. The question is no longer whether the country has gold, or whether the mineral can earn foreign exchange. It is whether Uganda can turn…
When a business grows, the change is rarely confined to its owner. A new machine can increase production, an additional branch can create jobs, a larger contract can bring more suppliers into a value chain, and access to working capital…
Uganda’s economic growth is creating opportunities beyond Kampala, with regional cities such as Arua, Gulu and Lira supporting growing populations, businesses and demand for financial services. The opportunity for banks is to ensure that businesses in these markets can access…
Uganda wants Italian investors to move beyond buying its coffee, milk and minerals to processing them locally, transferring technology and manufacturing finished products for regional and international markets. The Uganda–Italy Business and Investment Forum in Rome has opened discussions around…
Education stakeholders urge school proprietors to strengthen financial management, professional leadership and succession planning to secure the future of their institutions. A school’s success is often measured by its academic performance, enrollment and infrastructure. But for retired Commissioner for Secondary…
When Uganda begins exporting its crude oil, the country will gain a new source of foreign exchange and government revenue. But whether this wealth can help deliver the ambition of a $500 billion economy by 2040 will depend on how…
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…
Uganda has identified more than 58 categories of minerals and invested in geological surveys to better understand what lies beneath its soil. The bigger question now is how the country turns that mineral wealth into investment, industries, jobs and economic…
A year after changing its name from PostBank Uganda, Pearl Bank has crossed UGX1 trillion in lending, giving the government-owned bank one of its clearest growth markers since the rebrand. The loan book stood at about UGX760 billion at the…
Uganda has moved closer to one of its most ambitious economic targets. The economy, according to Trade and Industry Minister Sanjay Tanna, has grown from roughly $50 billion when the government set out its $500 billion ambition to about $69…
Uganda’s US$500 billion economic ambition comes with a financial requirement that is almost as striking as the target itself, private-sector credit will have to rise from roughly Shs30 trillion today to more than Shs490 trillion by 2040. That means the…
Uganda’s ambition to transform its economy tenfold will require more than public spending and government programmes. It will require private capital to flow into businesses capable of driving productivity, jobs, exports and value addition. The latest results from Stanbic Uganda…
Uganda’s ambition to build a US$500 billion economy by 2040 will not be determined solely by oil production, industrial parks or major infrastructure projects. It will also depend on whether millions of women running small businesses can access the capital,…
When Uganda, Kenya and Tanzania secured the right to jointly host the 2027 Africa Cup of Nations under the “Pamoja” (Together) bid, the headlines naturally focused on football. Yet with less than a year before the continent’s biggest sporting spectacle…