Structural defects and contractor delays now threaten Uganda’s energy future Kampala, Uganda | JULIUS BUSINGE | The Isimba Hydropower Dam, a flagship project in Uganda’s energy sector, was envisioned as a cornerstone of the country’s long-term development goals. Commissioned in 2019, the 183MW facility was meant to provide affordable and reliable …

The telecom firm recorded a 19.5% increase in service revenue to Shs 3.1 trillion, fueled by a 30.5% rise in data revenue and 22.8% growth in fintech earnings Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has delivered a 30.1% surge in net profit to Shs 641.5billion for FY 2024, a …

The country’s public debt now stands at Shs 93.6 trillion as of June 2024, with 27.4% of domestic revenue earmarked for interest payments Kampala, Uganda | JULIUS BUSINGE | Uganda’s rising debt burden has come under renewed scrutiny as the government prepares the FY2025/26 national budget, projected at Shs 57.4 trillion—significantly …

But stakeholders urge the lender to accelerate private sector growth through affordable interest rates currently capped at 15% per year   Kampala, Uganda | JULIUS BUSINGE | Uganda’s Finance Minister, Matia Kasaija, has urged the East African Development Bank (EADB) to implement strategies that ensure affordable interest rates for borrowing, enabling …

INTERVIEW | Sylvia Mulinge, the Chief Executive Officer of MTN Uganda, has embraced the mantra “Unstoppable” as a key message in her leadership. On January 28, she held an engaging discussion with a small group of reporters to unpack what this mantra means for MTN Uganda and the broader telecom sector. …

However, the country’s financial sector remains relatively illiquid and lacks the product diversity seen in more advanced markets such as South Africa and Mauritius Kampala, Uganda | JULIUS BUSINGE | Uganda has maintained its position as one of Africa’s top financial markets, ranking fourth in the 2024 Absa Africa Financial Markets …

Growth in oil, gas, and mining drives economic ambitions amid global and regional opportunities Kampala, Uganda | JULIUS BUSINGE | This year, Uganda’s extractive sector is on the cusp of significant growth and transformation, fueled by both regional and global dynamics. Spanning oil, gas, and mining, the sector is set to …

Uganda Electricity Distribution Company Limited to take over from Umeme effective April 1, 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda government is taking a significant step towards securing its energy future with the state-owned Uganda Electricity Distribution Company Limited (UEDCL) set to take over electricity distribution from Umeme, marking the …

Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …

 Private sector investment and strategic policies set to drive economic expansion Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic growth is poised for a notable upturn in 2025, supported by robust performance across key sectors such as energy, mining, agriculture, tourism, manufacturing, and information and communication technology (ICT). This growth is …