Preparations for Uganda’s annual trade expo are in high gear, highlighting tight security measures, the use of technology in marketing, and opportunities for discounted shopping.
In a post-summit meeting, a delegation from MTN Group yesterday 06th September 2023 visited President Museveni at Commonwealth Resort, Munyonyo. President Museveni encouraged MTN to bring more investors to Uganda to expedite development.
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.
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.
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 […]
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. […]
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, 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 […]
Hon. Frank Tumwebaze, the Minister of Agriculture, Animal Industry and Fisheries, addressed the audience during the World Food Day celebrations at Hotel Africana on June 7, 2023. He emphasized the need for agricultural technocrats to simplify their communication with farmers, using easily understandable terminologies. The Minister of Agriculture, Animal Industry and Fisheries Hon. Frank Tumwebaze […]
Uganda launched a new ferry named MV Palm-Uganda on Lake Victoria, operating from Kiyindi landing site in Buikwe district to Kirongo in Buvuma District. The vessel aims to boost agricultural activities and improve trade. With a capacity to carry 519 passengers and 25 vehicles, the 230-tonne ferry is equipped with necessary navigation and safety equipment, […]
