The government has unveiled plans to borrow a total of Sh8.7 trillion (€651.44 million and $1.36 billion) to finance major infrastructure, agriculture, energy, health, and social development projects. Finance Minister…
As at the end of December 2023, Uganda’s total public debt stood at Shs93.38 trillion, equivalent to USD 24.69 billion. Of this amount, external debt was Shs55.37 trillion equivalent to…
By Hellenah Niwasiima The Government of Uganda established the Uganda Road Fund (URF) in 2008 by an Act of Parliament 2008 to help finance the maintenance of the road network. The…
Uganda Airlines has launched new flights to Abuja, Harare, and Lusaka. The new flights will commence on September 12, 2024. Abuja will launch on September 12, 2024, with flights operated…
Uganda Airlines has successfully secured a coveted route to London Gatwick, marking a significant milestone in its strategic expansion plans. Last month, a delegation from Uganda Airlines led by CEO…
In a letter circulating online, President Yoweri Kaguta Museveni grants exclusive rights to Mr. Metu Katabazi, the proprietor of Menu Zhongtong Bus Industries, to operate and produce public buses in…
The African aviation industry, comprising 357 airlines, plays a crucial role in the continent’s economic activities. The aviation industry supports 7.7 million jobs and $63 billion in African economic activity.…
The governments of Uganda and Kenya have signed a deal committing the two countries to finance and construct the Standard Gauge Railway (SGR) in both countries. Uganda’s Minister of Works…