Uganda Named Africa’s Best Destination for Investment
Uganda has been named and awarded the best investment destination in Africa for attracting some of the most significant Foreign Direct Investment (FDI) projects on the continent in 2023. The…
Uganda has been named and awarded the best investment destination in Africa for attracting some of the most significant Foreign Direct Investment (FDI) projects on the continent in 2023. The…
In the financial year 2024/2025, companies manufacturing electric vehicles, electric batteries, electric vehicle charging equipment, or engaged in the fabrication of electric vehicle frames and bodies, and employing at least…
After four months since EFC Uganda Limited shut down, 24% of depositors whose deposits are under the Shs 10 million insurance limit have not been paid. The Bank of Uganda,…
Uganda’s annual inflation as measured by the Consumer Price Index for the 12 months to April 2024 increased at a slower rate of 3.2 percent compared to 3.3 percent registered…
China’s fluctuating economic growth poses a multifaceted impact on the growth trajectory of countries in Africa, given the significant economic ties between China and the continent. Over the last two…
It has become increasingly common in Uganda to witness the circulation of individuals’ personal information online or the unwarranted disclosure of private details by others. Such occurrences have led to…
Parliament, on Tuesday approved a government request to borrow up to Euro 110.5 million (about Shs 450 billion) from Standard Chartered Bank to finance the Kitgum-Kidepo Road upgrading project. The…
With immediate effect, mobile money agents throughout the country will begin requesting a valid national identity card from customers before processing transactions exceeding Shs1m on the platform, as per a…
The quarterly Gross Domestic Product (GDP) released by the Uganda Bureau of Statistics (UBOS) for the first quarter of the financial year 2023/24 indicates that Uganda’s economy grew by 5.3%…
Savings and Credit Cooperative Organizations (SACCOs) have been instrumental in positively influencing the lives of a vast number of Ugandans. Notably, SACCOs have significantly mitigated the financial exclusion experienced by…