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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
Government Shuts Down Namayingo Sugar Factory
More than 600 individuals are facing imminent job losses following the government's decision to shut down a sugar factory in Namayingo District.
The Ministry of Trade, Industry, and Cooperatives directed CN Sugar Ltd to cease operations,…
Uganda’s Vanilla Export Earnings rise to US $ 20.66 million
Despite a substantial increase in revenue from vanilla exports, Uganda continues to export the crop in its raw form, affecting the total revenue realized from crop exports.
According to the Minister of State for Agriculture, Animal…
AMAFH FARMS Ltd CEO Meets 1st Deputy Prime Minister Kadaga
The first Deputy Prime Minister and Minister for East African Community Affairs, Rebecca Kadaga, hosted the CEO of AMAFH FARMS Ltd, Movi Asim, along with the company’s business partner, Mukungu Nasser.
AMAFH FARMS Ltd, established in…
BoU Revokes Mercantile Credit Bank License
Bank of Uganda has revoked the license of Mercantile Credit Bank Ltd and ordered the company to wind up its affairs. Mercantile is a Tier II financial institution. Credit Institutions are described as “non-bank” financial institutions that…
President Museveni to Meet City Traders Over EFRIS Concerns
President Yoweri Museveni is scheduled to meet with city traders this Thursday under the umbrella organizations of the Kampala City Traders Association (KACITA), Uganda Cargo Consolidators, and Kampala Rice Traders to discuss the…
MTN Donates ICT Lab to Ariwa SS in Bidibidi Refugee Settlement
Ariwa Secondary School in Bidibidi refugee settlement in Yumbe district has received an Information and Communications Technology (ICT) lab to help enhance digital learning opportunities for students.
The lab is equipped with 20…
President Museveni Pushes for Industrial Growth through Mineral Refinement
President Yoweri Kaguta Museveni has directed the Ministries of Science and Energy to collaborate with Dr. Luisa Moreno, an expert in finance, business development, and technical research in the Technology, Mining, and Metals industries.…
URA to Sign MoUs with Clearing Agent Associations to Enhance Business Operations
The Uganda Revenue Authority (URA) is set to sign Memorandums of Understanding (MoUs) with various clearing agent associations to streamline business operations.
This development follows a recent meeting between Abel Kagumire, the…
Uganda Launches Nationwide Sensitization Workshops on New Mining Regulations
Officials from the Ministry of Energy and Mineral Development held a stakeholder consultation and sensitization workshop at the Busia district headquarters to inform artisanal miners about the new mining regulations and acts. These…
Uganda Hosts UK Delegation to Boost Investment Opportunities
The State House Investors Protection Unit (SHIPU) Head Col. Edith Nakalema hosted a delegation from the United Kingdom led by Mr. Jaffer Kapasi OBE, the Consul General of Uganda to the Midlands.
The meeting took place at the unit’s…