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Uganda’s Fuel Industry Faces Scrutiny for Standards Violations

The government plans to conduct an operation against non-compliant fuel stations violating established standards, such as improper locations and congestion. The Fuel Marking and Quality Monitoring Program has reduced fuel adulteration, with a high compliance rate of 99.5%. Government will soon conduct an operation against fuel station operators who have violated the set establishment standards. […]

Trade, Investment Are the Bedrock for Development- President Museveni

President Yoweri Kaguta Museveni urged investors and a visiting delegation to increase their investments in Uganda, highlighting the country’s security, peace, and favorable conditions for trade during the second day of the East Africa Trade and Investment Forum in a speech conveyed by Vice President Rtd. Major Jessica Alupo at the Kampala Serena Hotel. The […]

President Museveni meets Stabex International Officials

President Museveni’s meeting with Stabex International was a productive one as they discussed about potential investment opportunities and the company’s plans for manufacturing, agriculture, and energy hence promising for Uganda’s development. The President’s support for these initiatives and the positive business climate in the country are certainly contributing factors.

Bank of Uganda implements first rate cut in two-year span

The Bank of Uganda (BOU) has implemented its first rate cut in a span of two years, lowering the Central Bank Rate (CBR) to 9.5 percent. This move, aimed at stimulating economic growth, comes amidst a backdrop of evolving global economic dynamics and local fiscal challenges. With this decision, the central bank seeks to decrease the cost of credit which would in turn bolster lending, investments, and consumer spending, that have all been under pressure due to the recent economic uncertainties.

Ugandan Companies Shine at the Annual Pacesetter Awards East African Chapter

The prestigious Annual Pacesetter Awards East African Chapter recently took place at the Weston Hotel in Nairobi, Kenya, and brought together participants from 10 countries in the East African region. This grand event aimed to celebrate and acknowledge the outstanding achievements of businesses and individuals who have demonstrated remarkable performance, innovation, and commitment within their […]

Government Aims to Accelerate Business Process Outsourcing (BPO) Industry, To Foster Job Creation

In recent years, Uganda has emerged as a promising destination for Business Process Outsourcing (BPO), leveraging its skilled workforce, favourable business environment, and competitive cost advantages. Recognizing the immense potential of this sector to stimulate economic growth and generate employment opportunities, the Government of Uganda has taken decisive steps to boost the BPO industry further. […]

Centenary Bank Group Celebrates 40 Years of Financial Inclusion and Community Impact in Uganda

The commencement of a series of events by Centenary Group to celebrate their 40 years of operations in Uganda. The ruby jubilee celebrations, spanning four months, aim to promote financial inclusion and positive life changes among the Catholic Church-owned bank’s customers. On Saturday 10th June 2023, Centenary Group began a string of events that would […]

Uganda, China, and FAO Collaborate on $12 Million Project to Boost Farming

Uganda, in partnership with China and the Food and Agriculture Organization (FAO), has embarked on a ground-breaking $12 million project aimed at enhancing agricultural productivity and sustainability, by improving crop, livestock, and fish production and is expected to assist thousands of farmers. This project will have a positive impact on food security and poverty alleviation […]