Deputy Speaker of Parliament, Thomas Tayebwa, addressed investors in the United Kingdom, highlighting Uganda as a prime location to ensure the success of their projects due to its exceptional investment environment.
The second UG Economic Forum started yesterday 29th August 2023 in Kampala, focusing on urgent economic issues in Uganda, such as tourism, agriculture, and post-COVID economic recovery. The forum aims to strengthen economic safeguards, expand the safety net, promote commercial agriculture, integrate the informal sector, and potentially reduce interest rates to spur growth. Several of […]
Uganda Airlines has announced plans to increase flight frequencies to Mombasa and other coastal towns, citing the route’s profitability. The airline’s country manager highlighted the surge in trade and business traffic between Uganda and Kenya as a driving factor. With flights currently operating three times a week, the airline aims to capitalize on the thriving […]
In a significant move to strengthen Uganda’s agricultural sector, the European Union (EU) has earmarked an investment of €8 million, approximately sh35.2 billion, to promote the coffee and cocoa value chain development. This financial pledge underscores the EU’s commitment to fostering sustainable economic growth in developing nations and its belief in Uganda’s agricultural potential.
Uganda’s budding oil and gas industry stands at the brink of a transformative era. With rich resources beneath its soil and a population eager to partake in its prosperity, the country is ripe for a leap in this sector. Leading the charge is CNOOC Uganda Limited, a company that understands the importance of capacity building within the community. Through a pioneering initiative, CNOOC has teamed up with Sunmaker Oil and Gas Training Institute and the Uganda Petroleum Institute Kigumba to cultivate talent from within Uganda’s heartlands.
Uganda Airlines’ launch of direct flights to Lagos and Abuja aims to boost bilateral trade, investment, and economic growth between Uganda and Nigeria. The initiative strengthens transport sector cooperation and facilitates seamless movement of people and goods, fostering economic vibrancy and intra-African connectivity.
Cargo operations at Entebbe Airport, 70% of the cargo is tax exempted, and the remaining 30% generates significant revenue. The Uganda Civil Aviation Authority (UCAA) is implementing improvements to enhance the passenger experience, and the recently purchased ramp equipment will facilitate travelers. The overall goal is to provide better customer service and increase the airport’s […]
The Kiryandongo District local government recently completed capital projects worth shs6.43 billion during the Fiscal year 2022/2023. These projects encompassed classroom blocks, general and maternity wards, doctor’s houses, boreholes, small-scale irrigation schemes, and first-class marram roads across the district. Figure One of the newly commissioned projects in kiryandongo district Kiryandongo District local government on 1st […]
During a meeting between the Japanese Foreign Affairs Minister and President Museveni, the main topic of discussion was how Japan could help Uganda with value addition and economic growth by encouraging Japanese investors to establish themselves in the country. President Museveni highlighted the challenges faced by Africa’s economy and called for Japanese companies to invest […]
Uganda’s industrial growth has surged faster than initial projections. This remarkable growth, contributing to 26.5% of the country’s gross domestic product (GDP) of $45 billion, has significantly bolstered the government’s strategies of import substitution and fostering an integrated, self-sustaining economy. Rapid industrialisation in Uganda is creating an annual job influx of approximately 1.2 million, thereby […]
