Consumer inflation unchanged in November
The increase in Uganda consumer prices remained unchanged from the previous month in November amid stabilising food prices, data published by the Uganda Bureau of Statistics show
Uganda Business News
Africa needs help solving its problems before they become global problems
International engagement with Africa has evolved over time, although it has not put the region on a path toward sustainable growth and development. Continued failure could expose the world to a new age of pandemics, terror, and mass migration
Stanbic business incubator graduates 420
420 entrepreneurs from 119 small and medium enterprises participated in the incubator’s entrepreneurship development program focused on getting their companies to desired standards in the oil and gas industry
China connects 500 Ugandan villages to satellite TV in $10m project
A China-Africa Cooperation project has connected 500 villages across the country to digital satellite television in a bid to widen digital migration coverage and increase access to information and knowledge for the poor in rural areas
Stanbic boosts rugby with Black Pirates Sponsorship
In a major boost towards the development of rugby in Uganda, Stanbic Bank has signed a Shs50 million sponsorship package with Black Pirates, a local league rugby powerhouse
Uganda posts first trade deficit drop in 13 months in September
Ugandan imports fell back in September with the country posting the first reduction in its goods trade deficit in 13 months
Africell secures $100m Opic loan to expand in Uganda and DR Congo
The Overseas Private Investment Corporation, the US government development finance institution, is lending $100m to telecom company Africell Holdings Limited to expand its mobile telephone and internet services in its countries of operation
Bank credit growth jumps to highest in 32 months
Combined loans of all commercial banks grew at their fastest rate in 32 months in September 2018, thanks to credit for the purchase of non-durable goods and services, livestock and crop production, and retail trade
GDP growth slows in Q4
Uganda’s economy posted its slowest growth since early 2017 in the three months to the end of June as the trade and repairs sub-sector contracted while expansion in manufacturing and education cooled down.
Excess electricity responsible for slight reduction in Q4 power prices
After recording their first increase of the year in the third quarter, power prices will fall by a small margin in the final three months of 2018 due to an energy generation excess, according to the regulator