Tag Archives: growth

  Uganda’s Investment Prospects Strengthen as Oil, Coffee and Industrialisation Drive Growth   Kampala, Uganda | NEWS CORRESPONDENT | Uganda’s improving macroeconomic stability, stronger foreign exchange reserves and anticipated oil production are enhancing the country’s prospects as an investment destination, with economic growth expected to accelerate as commercial oil production …

  Telecoms giant reports Ush367.5bn profit despite higher costs, regulatory changes and network disruptions   Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s profits rose by almost 38% in the first half of 2026, as growing demand for mobile data and digital financial services helped the technology company withstand a …

More than half of intra-African travel still requires visas before departure – slowing intra-continental trade Addis Ababa, Ethiopia | THE INDEPENDENT | African policymakers, business leaders, and development institutions have renewed calls for visa-free travel across the continent, describing the free movement of people as essential to unlocking Africa’s economic transformation …

  The World Bank projects that poverty will keep falling through 2026 and 2027, extending a trend that resumed as growth picked up Kampala, Uganda | THE INDEPENDENT | Uganda is positioning itself for another phase of strong economic expansion as policymakers seek to lock in recent gains while tightening …

As Uganda’s on-demand delivery market expands with growing digital adoption, Glovo has positioned itself as a key player driving convenience, innovation, and inclusion. Since entering the Ugandan market, the tech-enabled platform has transformed how consumers access food, groceries, and essential goods—bridging local businesses with digital opportunities. At the center of …

OPINION | Kopin Modi | When people think of sales leadership, they often imagine someone chasing targets, tracking margins, and closing deals. They picture numbers on a spreadsheet — and in manufacturing, success is frequently measured in tonnes moved or market share gained each quarter. Those metrics are important, but they …

Kampala, Uganda | THE INEPENDENT | Airtel Africa’s East African operations reported strong growth in the first quarter of 2025, driven by rising data consumption, a growing customer base, and ongoing network investments. Mobile service revenue in the region rose to $498 million from $423 million in the same period last …

Non-life insurance accounted for 55.95% of total premiums—slightly down from 58.14% the previous year Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance sector capped off 2024 with an impressive 10% growth in gross written premiums (GWP), rising from UShs 1.60 trillion in 2023 to UShs 1.76 trillion in 2024. This strong …

Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …

Kampala, Uganda | THE INDEPENDENT | Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed “ambitious”, a journey to grow the economy from the current 53 Billion …