Prime Stories
Dubai billionaire takes over Uganda Telecom Lt..
Oct 30th, 2024Business Edge ReporterPeterA multi-billion-dollar investor based in Dubai in the United Arab Emirates (UAE), has acquired a majority stake in the Uganda Telecommunications Corpo..
The Top 10 strongest currencies in 2024..
Globally, the United Nations recognizes 180 currencies as legal tenders. The factors that determine the strength of a currency include the amount of ..
Gov’t arrears threaten URA performance..
Uganda's revenue collection is facing a serious threat from the growing backlog of government arrears, which is straining the Uganda Revenue Authority..
Museveni assents to Free Zones Authority, Expo..
The new law that merges the Uganda Free Zones Authority with the Uganda Exports Promotions Board is one of the Acts that have been assented to by the ..
BoU maintains CBR at 10.25% as inflationary pr..
Bank of Uganda has kept its key rate unchanged at 10.25% in June unlike in the previous month when it was raised from 10%, which was prompted by risin..
BoU chief salutes DTB’s Thambi over exceptio..
The Bank of Uganda Acting Governor, Dr Michael Atingi-Ego has hailed Thambi Verghese, the outgoing managing director of Diamond Trust Bank Uganda, for..
Economic uncertainty as Uganda’s credit rati..
Global credit rating agency Moody’s Ratings has downgraded Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2, a ..
Uganda getting set for 24,000 megawatts nuclea..
Uganda's uranium exploration is gaining momentum to meet global energy demands, with plans for a 24,000MW nuclear power station by 2040, Irene Batebe,..
Manufacturers task Gov't, banks on high intere..
The Government wants commercial banks to lower the interest rates they charge manufacturers so as to stimulate growth in the sector, but banks also in..
NCBA Bank buoyed by UGX27 bn net profit..
Corporate banker, NCBA Bank Uganda has announced its financial results for the fiscal year 2023, showcasing robust growth and profitability driven by ..
Relief as UNOC finally secures Kenyan oil impo..
The Uganda National Oil Company (UNOC) will effective next month start importing petroleum products through Kenya following the end of a bitter disput..
New report highlights serious gaps in NSSF ben..
The majority of people who received their benefits from the National Security Fund (NSSF) did not acquire any form of financial literacy before receiv..
Kiira Motors seeks UGX524 billion to fund 5-ye..
Kiira Motors Corporation, a budding indigenous vehicle building enterprise, has presented a UGX524 billion proposed business investment budget to the ..
Optimism as African Free Trade Area plan gains..
The African Union Assembly recently adopted key protocols and decisions affecting the African Continental Free Trade Area (AfCFTA), which included the..
MTN scoops fastest internet award..
Ookla, the global leader in internet testing and analysis, has announced MTN Uganda as the Fastest Mobile Network...
MTN’s voice revenue rebounds amid data surge..
MTN Uganda has posted impressive growth in voice revenue despite a surge in data demand among consumers. The telecom giant revealed that voice revenue..
EU Parliament endorses Kenya trade agreement ..
The European Parliament has endorsed an Economic Partnership Agreement with Kenya, paving the way for duty-free and quota-free access to the lucrative..
Importers decry low investment in railway..
Steel and poly pipes manufacturer Roofings Group is one of the largest importers of raw materials and exporters of finished products in Uganda. The st..
Local Firm to Spearhead Karuma Bridge Study..
The Government has enlisted a local engineering firm to spearhead a comprehensive inspection study of the structural integrity and longevity of the Ka..
Financial Markets: Uganda Top In EAC..
Uganda has once again asserted its dominance in the East African financial landscape, with the latest Absa Africa Financial Markets Index, highlightin..
140 to lose jobs as BoU revokes EFC's licence..
More than 140 employees of EFC Uganda Ltd, a microfinance deposit-taking institution, are sweating over their next move following a decision by Bank o..
President Museveni Takes Over Chairmanship Of ..
Uganda has assumed the chairmanship of the Group of 77 plus China (G77+China)...
Excitement as Nigeria's Dangote refinery start..
The Dangote Oil Refinery, the largest on the continent at 650,000 barrels per day (bpd), has begun producing diesel and aviation fuel, the company sai..
Crane Bank Sale: Top BoU, DFCU bosses face pro..
The Supreme Court of the United Kingdom has blocked DFCU Bank’s attempt to sidestep the prosecution of its top bosses in a case where they are accus..
Inside MTN Uganda's transition to a tech firm..
MTN Uganda, like most telecom companies around the world, has recorded rapid transformation in its operations, customer experience and development of ..
Dubai COP28 endorses new declaration, but with..
A new draft for the final declaration of the UN Climate Change Conference in Dubai does not include the clear phase-out of coal, oil and gas demanded ..
Stanbic Uganda Holdings Gets New Boss..
Mr. Francis Karuhanga has been named the new Chief Executive Officer of Stanbic Holdings Uganda Ltd, replacing Andrew Mashanda, effective January 1, 2..
New DTB, KACITA partnership to boost women ent..
Diamond Trust Bank and the Kampala City Traders' Association (KACITA) have entered a partnership aimed at boosting small businesses and entrenching En..
Anxiety As Donor Aid to Uganda Slumps..
Declining donor aid means a higher tax burden on citizens and more foreign debt to bankroll notoriously high public expenditure. Concern is rising as ..
Uganda targets $4 billion in green investment ..
The Uganda Investment Authority (UIA) is participating in the 28th Conference of the Parties (COP 28) to the United Nations Framework Convention on Cl..
Mbale Industrial Park Development Takes Off..
The Uganda Investment Authority (UIA) has handed over the Mbale Industrial and Business Park site to China Railway Number 3 Group for the design and b..
NCBA Bank Powers Singleton Golf Challenge Semi..
The bank injected Shs.60 million in the event in which amateur golfers from Uganda and Rwanda took part..
Optimism as October coffee exports fetch $80 m..
Ugandan coffee exports have continued to show a positive trend with the volume of coffee exported in October amounting to 470,000 sixty-kilogram bags,..
Protect Local Industries – Museveni..
President Yoweri Kaguta Museveni has said that the government will continue protecting local manufacturers from unfair competition..
Let Us Trade More in Finished Products – Musev..
President Yoweri Kaguta Museveni has appealed to the government of the People’s Republic of China to open their market for finished goods...
There is a ready market, Museveni assures Fore..
President Yoweri Kaguta Museveni has wooed foreign investors to invest in Uganda, saying that the East African country has a lot of investment opportu..
President Museveni Meets Dubai Investor..
President Yoweri Kaguta Museveni has met the CEO and Managing Director of Rowad Capital Commercial LLC (RCC) group, Mr. Chaher Al Taki, who called on ..
President commissions fruit processing factory..
President Yoweri Kaguta Museveni commissioned Kike Tropical Fruits Limited, an extraction and refinery plant. Situated in Kakooge, Nakasongola Distric..
Government reaffirms support to scientists..
President Yoweri Kaguta Museveni has warned public officials against taxing innovations, saying there's no logic in taxing innovations when Uganda giv..
President Yoweri Kaguta Museveni on Use ICT to..
President Yoweri Kaguta Museveni has cautioned Ugandans against using Information And Communications Technology (ICT) to promote importation of goods...
MTN Uganda delivers on promise to President Yo..
Wednesday 6th September 2023. Kampala, Uganda. MTN Uganda has fulfilled President Yoweri Museveni's call to action, rallying South African investors ..
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UKETA PARTNERS WITH IBANDA UNIVERSITY TO BOOST..
UKETA, an online Learning platform has partnered with Ibanda University to enhance an alliance aimed at extending the skylines of soft skills educatio..
MTN Uganda unveils the second phase of MTN Ace..
Wednesday 31 st May 2023 Kampala, Uganda- MTN Uganda has unveiled the second phase of MTN ACE-Tech known as the MTN Ace-Tech-Incubation program aimed..
BIRDIC Commissions New Generation Tuku Tuku Ve..
The Banana Industrial Research and Development Center (BIRDIC) whose mission is to use research to develop and market banana-based valued-added produc..
NIGERIA- UGANDA BUSINESS AND INVESTMENT FORUM ..
The Nigeria High Commission in Uganda in partnership with the Ministry of Foreign Affairs in Collaboration with the Uganda National Chamber of Commerc..
DTB Bequeaths Food Items to the Muslim Communi..
Muslims dwelling in Kampala city have received an Iftar food package to celebrate Eid as they end the Ramathan season, thanks to Diamond Trust Bank-DT..
UKETA Launches Online Courses to Upskill Profe..
In the latest demonstration of the potential and growth of online education, Simba Group has launched UKETA, an innovative online course platform desi..
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Younger dairy farmers and increased consumptio..
Uganda's potential and fortunes in the dairy sector can grow significantly if strategies are put in place to attract a younger crop of dairy farmers ..
Commonwealth Enterprise and Investment Council..
The Chairman of the Commonwealth Enterprise and Investment Council, Lord Jonathan Peter Marland has lauded the government of Uganda's effort to suppor..
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MTN Uganda's open API empowering youth..
As a child, Martin Tumusiime watched households and businesses frustrated with uncollected wastes in Kampala suburbs that sometimes could end up in w..
DIAMOND TRUST BANK (DTB) JOIN HANDS WITH MATER..
Diamond Trust Bank – DTB AND Mastercard have embarked on a drive to increase financial inclusion in the eleven Districts of the West Nile region. Th..
Hundreds Tipped on Financial Management..
Hundreds of young people who turned up for season eight of the Men's Business Convention initiative, were tipped on the importance of financial manage..
Most Recent
MTN profits top UGX460 billion in 9 months..
MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billi..
EAC partners warned on trade bottlenecks..
Regional political and business leaders have expressed concern about the daunting challenges that th..
PMI: Private sector maintains growth trend..
Uganda’s private sector showed resilience in October, with business conditions improving steadily ..
August coffee exports set new 838,000 bags re..
Uganda’s coffee industry soared to new heights in August 2024, earning UGX820 billion from exports..
KK Security rebrands to GardaWorld Security..
KK Security has officially transitioned to GardaWorld Security in Uganda, marking a significant shif..
Digital skills for youth must be an urgent pri..
"I can’t believe this is happening! We have computers now!" exclaimed Aisha Nakalema, a student at..
MTN offers girls’ skilling initiative UGX270..
Smart Girls Foundation, a Kasangati-based girls’ skilling initiative, is set to receive an additio..
- Top Story
Manufacturers task Gov't, banks on high intere..
The Government wants commercial banks to lower the interest rates they charge manufacturers so as to..
- Top Story
MTN scoops fastest internet award..
Ookla, the global leader in internet testing and analysis, has announced MTN Uganda as the Fastest M..
Anxiety as donor aid taps shrink further..
During the recent presentation of the Budget Strategy for the Financial Year 2025/2026, officials fr..
Kidepo National Park to get posh airport, hote..
The Government of Uganda has reached an agreement with the Sharjah Chamber of Commerce and Industry,..
- Top Story
President Museveni Takes Over Chairmanship Of ..
Uganda has assumed the chairmanship of the Group of 77 plus China (G77+China)...
MTN profits top UGX460 billion in 9 months..
MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billi..
EAC partners warned on trade bottlenecks..
Regional political and business leaders have expressed concern about the daunting challenges that th..
PMI: Private sector maintains growth trend..
Uganda’s private sector showed resilience in October, with business conditions improving steadily ..
Uganda, South Sudan moot joint dam projects..
Pal Mai Deng, the South Sudanese minister of Water Resources and Irrigation, has submitted a memo to..
Uganda, 15 countries set for electricity trade..
The Eastern Africa Power Pool (EAPP), an intergovernmental organization that was established to prom..
- Top Story
Optimism as African Free Trade Area plan gains..
The African Union Assembly recently adopted key protocols and decisions affecting the African Contin..
Optimism as Uganda nears full BRICS nod..
Uganda has become one of the two African countries that have been admitted into the BRICS alliance i..
IMF projects modest global growth amid persist..
The International Monetary Fund (IMF) has projected modest global economic growth over the next two ..
EU, Denmark offer UGX66 bn to Ugandan farmers..
The European Union (EU) and Denmark have announced funding amounting to more than UGX66 billion in a..