Business
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Uganda retains 4th place in Absa Africa financial markets index
Uganda has maintained its fourth position in the Absa Africa Financial Markets Index, scoring 63 points, according to a report…
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Large depositors face heavy losses after Mercantile Credit Bank closure
Large depositors of the defunct Mercantile Credit Bank Limited in Uganda are staring at potential losses of 50 to 60…
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Here is why court nullified sugar licenses
Kampala’s High Court has delivered a landmark ruling declaring the Trade Minister’s issuance of sugar licenses illegal, shaking up Uganda’s…
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President Museveni urges global investors to explore opportunities in Uganda
Ugandan President Yoweri Kaguta Museveni has called on international investors to seize the abundant opportunities in Uganda and across Africa,…
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Sustained growth in private sector output marks end of 2024
The monthly Stanbic Purchasing Managers’ Index (PMI), which provides a measure of prevailing private sector outlook, dropped to 53.1 during…
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Uganda’s inflation rate slows to 3.3% in 2024
Uganda’s inflation rate dropped to 3.3% in 2024, a significant decline from 5.4% recorded the previous year, according to the…
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UEDCL takes over electricity distribution as Umeme’s concession ends
The Ministry of Energy has granted two licenses to Uganda Electricity Distribution Company Limited (UEDCL) to manage the sale and…
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How Uganda’s coffee thrived amid record prices, political Shifts, and sustainability challenges in 2024
The year 2024 brought a mix of triumphs and tribulations for Uganda’s coffee industry. While farmers celebrated record-high prices, political…
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Mukono-Kampala railway upgrade to transform transport and boost economy
Uganda’s transport sector has received a major upgrade with the commissioning of the rehabilitated Mukono-Kampala meter gauge railway line, a…
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President Museveni signs National Coffee (Amendment) Bill into law
President Yoweri Kaguta Museveni has officially signed the National Coffee (Amendment) Bill, 2024, into law, according to a statement released…
