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Business
We bring you the latest business news from Uganda, East Africa & around the world. Get insights on market trends, company updates, financial developments, and economic analysis
Inflation Rate Drops to 2.4% in Latest UBOS Report
The Uganda Bureau of Statistics (UBOS) has released a report indicating a slight decrease from the previous 12 months ending in September 2023.
The report shows an average inflation rate from October 2022 to October 2023 was 2.4 percent…
Museveni Inaugurates Four Points By Sheraton Kampala, Marks Milestone in Private Sector Growth
President Yoweri Kaguta Museveni officially today opened the doors of the Four Points By Sheraton Kampala, a prestigious international brand hotel managed by Marriott International Inc. during a ceremony held in Kololo, Kampala. This marks…
South Sudan Resumes Ugandan Maize Imports After Aflatoxin Concerns Resolved
South Sudan has made the decision to resume the export of Ugandan maize to the country.
The South Sudan Ambassador to Uganda, Simon Juach Deng, disclosed that following tests conducted by the South Sudan Bureau of Standards, SSBS, on the…
Museveni Welcomes Dubai Billionaire set to Invest in Uganda
President Yoweri Kaguta Museveni has met the CEO and Managing Director of Rowad Capital Commercial LLC (RCC) group, Mr. Chaher Al Taki who called on him at State House Entebbe.
RCC is a leading global engineering and construction…
Government Calls for Quality and Quantity in Uganda’s Manufacturing Sector
State Minister for Trade, Industry, and Cooperatives, Harriet Ntabaazi, has urged local manufacturers to improve the quality of their products to meet global standards. She emphasized that this is essential for positioning Uganda as a key…
Students Demand Alternatives as Makerere University Considers Business Evictions
Business owners at Makerere University are feeling very anxious because they recently lost a lawsuit against the university. This lawsuit was about the university's decision to evict them from their businesses. The court decided in favor of…
NSSF Announces 10% Interest Rate for Members
Finance and Economics Development Minister, Matia Kasaijja, has officially announced a 10% interest rate for members' savings in the National Social Security Fund (NSSF) for the fiscal year ending in June 2023.
The 10% interest rate…
President Museveni Warns Public Servants Against Failing Investors
President Yoweri Museveni has urged politicians and public servants in Uganda not to hinder investors, emphasizing their importance in the country's economic growth.
He made this statement during the inauguration of a new Tororo Cement…
Museveni Urges Tororo Residents to Join Money Economy
President Yoweri Kaguta Museveni has urged the people of Tororo District to join the money economy in order to fight poverty.
“We have told you, please working only for the stomach is not good. You must all join the money economy because…
The Mutual Benefit of Streamlined Mombasa Port Operations and Uganda Import Trade
Being a landlocked country, Uganda depends on her regional neighbours, Kenya and Tanzania having coastlines to transact foreign trade. However, the Kenyan port of Mombasa stands out as the major hub for foreign trade and any trade policies…