With less than a month remaining before the Uganda Electricity Distribution Company Limited (UEDCL) officially takes over the country’s electricity distribution from UMEME Limited on April 1, 2025, businesses across …
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Budget Priorities: CSOs raise concerns over the 2025/26 financial plan
Civil Society Organizations (CSOs) have raised concerns over the 2025/26 National Budget Framework Paper (NBFP), highlighting funding gaps in key sectors such as trade, industrialization, and private sector development. Their …
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EconomicsLatest NewsNational NewsNewsOpinions
CSBAG raises concerns over the budget framework amidst revenue shortfalls and rising debt
The Civil Society Budget Advocacy Group (CSBAG) has raised serious concerns about the National Budget Framework Paper (NBFP) for the Financial Year 2025/26, citing issues related to low revenue mobilization, …
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Uganda’s GDP is expected to expand to Shs250.0 trillion (equivalent to USD 66.1 billion) in FY 2025/26 from Shs222.7 trillion (equivalent to USD 59.3 billion) in FY 2024/25. The Ministry …
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Latest development plan points out glaring gaps towards Uganda’s prosperity
Recently, Amos Lugoloobi, the junior minister in the finance ministry, tabled before Parliament the strategy paper for implementation of the National Development Plan IV (NDPIV) to be officially launched in …
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Industry & TradeLatest NewsManufacturingNational NewsNews
Uganda Baati: 60 Years of Putting Steel in the Back of A Nation.
First, we must admit that nations need to be built. While nation-building is not a literal thing, physical infrastructure contributes to a nation’s soul in many other ways. Uganda’s case …
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Industry & TradeLatest NewsNational NewsNews
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 December compared to the 55.7 reading posted in November. Christopher …
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Lyca Group Announces Strategic Transformation to Drive Efficiency and Foster Global Growth
Lyca Group, the world’s largest mobile virtual network operator (MVNO), has announced a strategic reorganization aimed at streamlining certain business units and operations, enhancing digital capabilities, and positioning the company …
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MTN Uganda recently announced it had secured a UGX 370 billion(approximately $100 million) syndicated loan from five local banks for network expansion. It remains one of Uganda’s largest local currency-syndicated …
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Our money lenders are up in arms. They are not pleased that the government should see fit to impose an arbitrary monthly 2.8% maximum interest rate, making their business practically …