Coronavirus will hit vulnerable households particularly hard
For vulnerable families, lost income due to an outbreak can translate to spikes in poverty, missed meals for children, and reduced access to healthcare far beyond COVID-19
Uganda Business News
February coffee exports rise at fastest rate in 28 months
Uganda’s coffee exports grew at the fastest rate in 28 months in February as a good harvest in the central and eastern regions led to an increase in production, according to Uganda Coffee Development Authority figures
Rwanda confirms first case of coronavirus
An Indian citizen has tested positive for the COVID-19 coronavirus in Rwanda, six days after he entered the country, and is being treated at a health facility in isolation, Rwanda’s health ministry said on Saturday
Government and MTN Uganda reach deal on licence renewal
MTN Uganda — the country’s largest company by revenue — and the government have reached a deal on the renewal of the telecoms firms’ operating licence, according to a report
MTN Uganda profits surge on subscriber growth
Telecoms firm MTN Uganda reported on Wednesday strong growth in full-year revenue and operating profit, helped by increases in income from outgoing voice calls, data revenue, and mobile money revenue
George Inholo out as Uganda Clays culls top management
Uganda Clays Limited said George Inholo, the clay building products manufacturer’s managing director, its head of production, and head of human resources and support services are leaving the company “by mutual consent”. No reason was given for their departure
NEMA clears Cnooc on Kingfisher, but no end in sight to oil deadlock
Zhao Shunqiag, the Cnooc president, said receiving the certificate is a “milestone”. But he said he could not tell when the ongoing deadlock between the government and the oil companies—Total E&P, and Tullow Oil—would be resolved
IMF, World Bank set aside $60bn for coronavirus response in developing countries
The International Monetary Fund and the World Bank are allocating more than $60 billion in emergency funds for developing countries to combat the coronavirus outbreak
Private sector activity falls to 5-month low on coronavirus supply disruptions
Uganda’s private sector expanded at its slowest pace in five months in February as the coronavirus outbreak affected the supply of goods from China, according to a survey of purchasing managers’ activity released on Wednesday
Consumer prices unchanged in February
Uganda consumer price inflation held steady in February as core consumer prices stayed flat, suggesting inflationary pressures remain muted and in line with the Bank of Uganda’s most recent assessment