Business
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A decline in Uganda’s business conditions marks beginning of 2025
There was a fall in consumer demand during January dropping the headline Stanbic Purchasing Managers’ Index (PMI) to 49.5 compared…
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Museveni predicts Uganda’s growth rate to go into double digits because of upcoming oil production
President Yoweri Museveni has assured that Uganda’s economy will grow into double digits when the country starts producing its oil.…
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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…
