Business

  Riyadh wants ports, minerals, food and influence. East African governments want the capital   NEWS ANALYSIS | IAN KATUSIIME | In late January, a delegation of Saudi Arabian investors and officials arrived in Port Lamu, Kenya, with an eye on one of East Africa’s most ambitious infrastructure projects. Led …

Kampala, Uganda | URN | Uganda Airlines Chief Executive Officer Girma Wake has ruled out mass dismissals at the national carrier, saying the ongoing restructuring is intended to strengthen the workforce and address critical staffing gaps. Wake made the remarks while appearing before Parliament’s Committee on Commissions, Statutory Authorities and …

  Kampala, Uganda | URN | A crackdown on poorly maintained taxis has triggered a surge in demand for vehicle repairs in Kampala’s Kisenyi area. The surge has left some garages with backlogs as owners race to rehabilitate their vehicles and return them to the road. The crackdown on taxis …

Kampala, Uganda | URN | The Attorney General has cautioned against the immediate termination of the contract of the private operator of the Kampala-Entebbe Expressway, warning that failure to follow contractual procedures could expose Uganda to costly international arbitration. The warning, contained in a response presented to Parliament by Deputy …

  What Financial Inclusion Is Teaching Us About Uganda’s Economy   COMMENT | ABDALLAH AZIZ EPALAT | It is easy, from inside the formal financial sector, to define inclusion in terms of accounts opened, transaction volumes or numbers reached. But when you work closely with communities that have traditionally operated …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has partnered with Starlink to extend the MTN Group–Starlink partnership in Uganda, bringing satellite-enabled connectivity closer to enterprise customers operating in remote, underserved and hard-to-reach areas. This collaboration adds Starlink’s satellite capability to MTN Uganda’s enterprise solutions portfolio, offering an additional connectivity …

    COMMENT | ANDREW MUSANJE |  Uganda’s ambition to grow its economy tenfold, from US$50 billion to US$500 billion by 2040, is one of the biggest economic targets ever set. However, achieving it will require more than increased agricultural production, industrialisation, tourism, mineral development and technological innovation. We need …

Kampala, Uganda | URN | Only seven of an estimated 90 large Savings and Credit Cooperative Societies (SACCOs) have so far obtained licences from the Bank of Uganda, with just over five weeks remaining before the September 30 deadline for eligible institutions to come under direct central bank supervision. The …

  The BWP409 million in new proceeds will be used to strengthen the group’s balance sheet, support its pursuit of an A financial strength rating, expand its core underwriting business   NEWS ANALYSIS | THE INDEPENDENT | Africa’s re-insurer, Continental Reinsurance Holdings Limited, has opened a $156.1 million public offer …

    The lender approved Shs518.4 billion in new financing for 120 projects across Uganda and disbursed Shs502.2 billion   NEWS ANALYSIS | JULIUS BUSINGE | Uganda Development Bank (UDB) is expanding its role as a source of long-term capital for businesses, with increased lending helping companies create jobs, raise …