A decrease in exports even as imports increased was responsible for the widening of Uganda’s trade deficit in the month of June, according to data from the Bank of Uganda.
Cipla Quality Chemical Industries Limited, controlled by the Indian pharmaceutical giant Cipla Limited, will become the eighth domestic company to list on the Uganda Securities Exchange next month, according to a preliminary prospectus
Stanbic Bank Uganda has appointed Tony Okao Otoa as the head of enterprise development in charge of the Stanbic Business Incubator
Uganda’s annual headline inflation rate increased for the second consecutive month in July, mainly as a result of new taxes on social media and mobile money and higher car prices
The Uganda Communications Commission and the Ministry of Information, Technology and National Guidance have maintained that today marks the last day for the use of airtime scratch cards
There are major obstacles that need to be cleared before the ambition of free movement across the continent can be achieved, such as concerns raised by the continent’s major economies like South Africa where unemployment rates are high
Research by the GSMA Ecosystem Accelerator programme found that there were 355 active tech hubs across Sub-Saharan Africa in 2018, up from 239 in 2016. Nearly half of all the tech hubs are located in five countries, which include Uganda
Norway’s SN Power has acquired a majority stake in the 250MW Bujagali Hydropower dam on the River Nile from an American private equity fund
The third major credit rating agency, Fitch Ratings, has maintained its assessment of Uganda’s capacity and willingness to honour its debt obligations, a decision it said was supported by the country’s strong growth outlook and relative macroeconomic stability
In an address to the Uganda Bankers Association, the governor of the Bank of Uganda said false allegations to malign Dfcu had failed. He added that banks should do more to ward off reputational risk by, among other strategies, combatting fake news