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First oil revenue set to enter 2026/2027 Budget

Kampala, Uganda | URN | When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, …

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Equity Bank Uganda and GIZ boost Detra Energy clean cooking drive

Results-Based Financing is helping Detra Energy bring cleaner, cheaper, and more efficient cooking solutions to households and institutions across Uganda.   Kampala, Uganda | NEWS CORRESPONDENT |  For years, Jian Namuhenge spent nearly Shs 80,000 every month on charcoal. Like millions of Ugandans, she relied on a traditional charcoal stove …

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Why Africa’s solar revolution is about resilience, not power

  Across Africa, engineers and entrepreneurs are redesigning renewable energy to withstand weak infrastructure, limited financing, and unpredictable conditions   NEWS ANALYSIS | RONALD MUSOKE | In the northern reaches of Uganda, where the road from the provincial capital, Gulu, stretches toward the South Sudan border and the landscape opens into wide, …

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NBL, NSSF, MTN MoMO to equip 1, 500 retailers with business skills

Kampala, Uganda | THE INDEPENDENT | Nile Breweries Limited (NBL) has unveiled a nationwide initiative aimed at equipping more than 1,500 retailers with critical business, financial and digital skills to help them build stronger and more sustainable enterprises. The programme, dubbed GRIT (Growing Retailers Innovatively Together), seeks to enhance the …

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MTN Mobile Money names Phrase Lubega managing director

Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money Uganda has appointed Phrase Lubega as its new Managing Director, subject to approval by the Bank of Uganda, as the fintech company seeks to deepen financial inclusion and expand digital financial services in the country. The appointment, announced on June 4 …

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Equity Bank reaffirms support for SACCOs, small businesses

Kampala, Uganda | NEWS CORRESPONDENT |  Equity Bank Uganda has reaffirmed its commitment to advancing financial inclusion by strengthening support for Savings and Credit Cooperative Organisations (SACCOs), micro businesses and grassroots entrepreneurs through tailored financing, financial literacy training and sustainability focused products. Speaking at the Uganda Central Co-operative Financial Services Ltd …

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