On February 23, 2024, the Financial Action Task Force (FATF) announced a list of jurisdictions under increased monitoring, commonly referred to as the “grey list.” These jurisdictions are actively collaborating …
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Global NewsLatest NewsNewsRegional News
Uganda & Global South: Shifting search for financing from World Bank & IMF to BRICS?
The Bretton Woods institutions, namely the International Monetary Fund (IMF) and the World Bank, have historically provided financial assistance to countries in the global south, including Uganda and members of …
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As the world approaches the midpoint of a decade meant to bring about significant development changes, the global economy is on track to achieve an unfortunate milestone by the close …
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FeaturesGlobal NewsLatest NewsNews
Separate meetings discuss global challenges from different perspectives
A predictable business environment is crucial for making investment decisions. On January 15, but from different perspectives, two gatherings will take place—one in the northern hemisphere and the other in …
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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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Global NewsIndustry & TradeLatest NewsNews
Uganda Turns to China, Europe as US Terminates AGOA Trade Deal
In a letter dated October 30, 2023, the U.S President Joe Biden notified the Speaker of the U.S. House of Representatives that he was intending to terminate the designation of …
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The United States Government issued Monday a business advisory to its businesses, organisations and individuals alerting them of the potential risks they may face while exercising or planning to conduct …
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EnergyGlobal NewsLatest NewsManufacturingMineralsNews
Museveni Bans Exportation of Lithium to Boost Electric Car Manufacturing
As Uganda aims to position itself at the forefront of the global giants in electric vehicle industry and realize a vision of e-mobility through Kiira Motors Corporation, President Yoweri Museveni …
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The use of internet in Uganda soared from 91.4 million gigabytes (GBs) in March 2022 to 138.5 million GBs in March 2023, making a remarkable 51% surge, according to the …
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Uganda’s trade imbalance with the rest of the world has narrowed by 32.2% both on a monthly and annual basis, the Ministry of Finance has reported. The Ministry’s monthly economic …