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Industrialization Will Accelerate Economic Transformation – Trade Minister

Trade minister, Francis Mwebesa, has called for robust efforts to accelerate Uganda’s industrial growth to achieve sustainable economic transformation. In order to accomplish sustained economic transformation, Francis Mwebesa, Uganda’s trade minister, has called for strong measures to boost Uganda’s industrial growth. Latest data, according to the Uganda Investment Authority, suggest that Uganda has over 5,000 […]

NSSF Launches Flexible Voluntary Savings Plan for Broader Social Security Coverage

The National Social Security Fund (NSSF) has introduced the NSSF Smartlife Savings Plan, a voluntary savings product aimed at expanding social security to informal sector workers, Ugandans in the diaspora, and other underserved groups. L-R: Patrick Ayota, the MD NSSF Uganda, David Ogong, the board chairman and Thadeus Musoke, the KACITA Chairman look on as […]

Uganda Airlines to Expand International and Intra-Africa Routes by 2025

Uganda Airlines plans to significantly expand its network by mid-2025, targeting new international routes to London, Saudi Arabia, and China, as well as regional routes within Africa, including Cape Town, Khartoum, and Goma. Chief Commercial Officer Adedayo Olawuyi announced these plans at a travel agents forum in Johannesburg, revealing that the London Gatwick route will […]

Government Reaffirms Commitment to Launch National Health Insurance Scheme

Government is committed to launching a National Health Insurance Scheme to provide affordable healthcare for all Ugandans, with new legislation in progress that would require citizens over 18 to enroll and pay a small annual premium. The State Minister of Finance for General Duties, Henry Musasizi, has affirmed the Government’s commitment to launching the National […]

Museveni Approves District SACCOs to Empower Industrial Hub Graduates

President Yoweri Museveni has approved a plan to support graduates from Uganda’s Presidential Industrial Hubs through district-based SACCOs, providing start-up capital for small enterprises. Museveni while commissioning the Bukedi Zonal Presidential Industrial Hub in Kibuku District during his Parish Development Model (PDM) Assessment Tour. President Yoweri Museveni has approved a new initiative allowing graduates from […]

UAE Investors Commit to Transforming Uganda’s Waste into Clean Energy and Valuable Products

Investors from the UAE have pledged to collaborate with the Ugandan government to convert waste into valuable products like clean energy, fertilizers, and fuel. Investors from the United Arab Emirates (UAE) have committed to collaborating with the Ugandan government to transform waste into valuable outputs such as clean energy, fertilizers, and fuel. This commitment was […]

Transition in Uganda’s Electricity Meters: New Era Begins November 2024

Minister of Energy, Ruth Nankabirwa, announced that prepaid electricity meters, commonly known as “yaka,” will expire by November 24, 2024, due to outdated software. UEDCL is upgrading these meters to ensure continuous service, extending their lifespan to November 2054. In January, the Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, announced that by November […]

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, […]