Business

Lira, Uganda | THE INDEPENDENT | Sorghum farmers in the Lango sub-region are experiencing significant improvements in productivity and income thanks to threshers donated by Uganda Breweries Limited (UBL). During a recent engagement with UBL officials in Lira East, farmers expressed appreciation for the machines, noting that they have greatly reduced …

Kampala, Uganda | THE INDEPENDENT | Promotion Vivo Energy Uganda, the company behind the distribution and marketing of Shell-branded fuels and lubricants, has rewarded twenty loyal customers with school fees for their children. This was part of the “Kigwera Ku Shell” back-to-school promotion, aimed at easing the financial burden on parents …

  Masaka, Uganda | THE INDEPENDENT | Coffee farmers in the greater Masaka sub-region have been tipped on a coffee export deal worth USD 300 million to the Maghreb region in North Africa. John Chrysostom Alintuma Nsambu, the Ugandan Ambassador to Algeria, revealed that the embassy has established a bilateral …

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 …

Kampala, Uganda | THE INDEPENDENT | The Auditor General, Edward Akol has revealed that 212 Parish Development Model (PDM) SACCOS in 14 Local Governments cannot account for Parish Revolving Fund –PRF to the tune of sh1.544 billion received and withdrawn from their bank accounts. According to Akol, the amount had not …

KAMPALA, UGANDA | THE INDEPENDENT | The latest report by the Auditor General has indicated an increase in Uganda’s external debt by 2.2 percent, from 53.19 trillion to 54.37 trillion Shillings. According to Auditor General, Edward Akol, the increase is primarily driven by the borrowing from multilateral creditors, which has expanded …

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 …

Why CSOs are warning of looming crisis in EAC and SADC ANALYSIS | RONALD MUSOKE | Civil society organisations have warned governments in the East African Community and the Southern African Development Community (SADC) to act fast to tackle the growing menace of illicit financial flows in the two regional economic blocs. …