Uganda has established an ambitious Energy Transition Plan to harness its significant energy and mineral reserves, stimulate economic growth, eradicate energy poverty and guide the nation towards a fair and …
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According to Bank of Uganda, in the first half of this year, (January to June, 2023), both demand for credit and supply, either remained stagnant or declined. Interest rates slightly …
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Latest NewsNational NewsNewsTechnology
Will the new $150m national backbone infrastructure loan lower cost of Internet?
In today’s digital world, internet has become an integral part of everyday life. It has revolutionarised work, access to information, and ways of doing business. In academics, internet is very …
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FinanceGlobal NewsLatest NewsNews
How the surge in dollar poses adverse effects on African economies
The US dollar is the world’s most widely used currency. It is also the primary currency used in international trade, playing a crucial role in the world economy. The value …
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FinanceLatest NewsNews
Uganda earmarks Shs21T of Shs52.7T budget estimate for FY2024/25 for spending
The Government has commenced the budget approval process for the financial year 2024/2025 by tabling before Parliament the budget estimates of the National Budget Framework Paper amounting to Shs52.7 trillion. …
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EnergyLatest NewsNews
Inside the Shs1.7Tn power companies’ applications to ERA to Set End-User Tariffs
Power regulator, the Electricity Regulatory Authority (ERA) which is mandated to establish electricity tariff structure, investigate tariff charges, approve rates of charges and terms and conditions of electricity services, has …
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The Electronic Government Procurement (eGP) system is a web-based platform that aims to streamline and improve the efficiency, transparency, and accountability of the public procurement process in Uganda. The system …
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Industry & TradeLatest NewsManufacturingNews
How Unfair Competition Is Crippling Ugandan Manufacturers
Unfair competition is posing a significant threat to Ugandan manufacturers, hampering their growth and sustainability. One of the primary challenges arises from the influx of locally made and imported cheap …
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Parliament on Wednesday approved government requests to borrow three different loans totalling more than Shs5.2 trillion. The loans include; Shs3.5 trillion from local commercial banks to finance the supplementary budget …
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During October 2023, there was a general depreciation of all currencies within the East African Community (EAC) Partner States, against the US dollar. The Rwandan Francs and Kenyan Shilling had …