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Finance Ministry Pioneers National Green Taxonomy to Boost Climate Finance

Ministry of Finance is developing a National Green Taxonomy to optimize climate finance by guiding environmentally beneficial investments. As part of the Inclusive Green Economy program, civil servants are receiving training on green policies and environmental taxes, including proposals to integrate carbon credits and renewable energy into Uganda’s development plans. The Climate Finance Unit at […]

E&E Experts Leads the Way with API Accreditation in Uganda

As competition in the oil and gas sector grows, obtaining certifications is crucial for companies in Uganda. The lack of such credentials has previously limited local participation. However, E&E Experts Co. (U) Ltd. recently became the first Ugandan company accredited by the American Petroleum Institute (API), enhancing its credibility and competitiveness. This milestone is expected […]

CNOOC Launches Free SME Training to Boost Uganda’s Oil & Gas Sector

CNOOC Uganda Limited, in partnership with Vectra Energies, has introduced a free online Enterprise Development Program from October 28 to November 7, 2024, aimed at empowering Ugandan SMEs. This program is designed to enhance local SMEs’ competitiveness in the oil and gas sector by providing essential training in business management, regulatory compliance, procurement, financial management, […]

Uganda and Serbia Revive 1963 Trade Agreement to Boost Economic Cooperation

A Ugandan delegation, led by General Wilson Mbasu Mbadi, is in Serbia to participate in a Joint Commission for Trade Cooperation session on October 25, 2024. The mission aims to reactivate the 1963 trade agreement between Uganda and former Yugoslavia and advance agreements made by Presidents Museveni and Vučić, including the Bilateral Air Services Agreement. […]

European Union Explores Partnership Opportunities at Kiira Motors

The European Union’s ambassador to Uganda, Jan Sadek, led a delegation of about 10 EU ambassadors on a visit to the Kiira Motors Plant in Jinja district yesterday 24th October 2024. Yesterday, October 24, 2024, Jan Sadek, the ambassador of the European Union to Uganda, took a group of roughly ten EU ambassadors on a […]

URA Introduces New Passenger Baggage Clearance Guidelines at Entebbe International Airport

The Uganda Revenue Authority (URA) has updated passenger baggage clearance procedures at Entebbe International Airport, raising the duty-free limit from USD 500 to USD 2,000 for passengers who have been abroad for over 24 hours. This applies only to personal baggage, excluding goods for sale or distribution. Passengers must declare goods and present receipts. The […]

Minister of Works and Transport Launches State-of-the-Art Firefighting Equipment at Entebbe Airport

Gen. Katumba Wamala, Minister of Works and Transport, commissioned two new state-of-the-art fire trucks at Entebbe International Airport. These specialized vehicles enhance the airport’s emergency response capabilities, with water and foam carrying capacities designed to meet international fire safety standards. State-of-the-Art Fire Trucks at Entebbe International Airport. The Minister of Works and Transport, General Katumba […]

Middle East remains top destination for Uganda’s exports

The Middle East has again emerged as the biggest destination of Uganda’s exports, accounting for 33.1% of the total share in August 2024. The finance ministry report for the performance of the economy for September also said within this region, the United Arab Emirates accounted for 97.8% of Uganda’s exports to the region. With 33.1% […]

Uganda Coffee Exports to Italy Top the Market in September

Italy held the largest market share for Uganda’s coffee exports in September at 36.2%, followed by Germany and India. Coffee exports to African countries remained steady at 12%, with Europe accounting for 71% of the total. Italy maintained the highest market share of Uganda’s coffee exports in September, accounting for 36.2%, up from 35.3% in […]

Bankers Root For Data Governance

The first-ever Data Governance Forum for Uganda’s banking sector has been held in Kampala with calls for professionalizing the industry and promoting financial inclusion. On October 17, 2024, Kampala hosted Uganda’s inaugural Data Governance Forum for the banking sector, where there were calls to professionalize the industry and enhance financial inclusion. Uganda Institute of Banking […]