Experts call on banks to ease financing for dairy farmers
Experts from the Ministry of Water and Environment and Heifer International have urged financial institutions to provide dairy cooperatives with affordable interest rates to enable them to invest in water infrastructure solutions. This call comes as Uganda’s dairy sector contributes about 6.5 percent directly to the country’s agricultural GDP, making
Uganda Shilling Weakens as Market Reverses Mid-Week Strength
The Uganda shilling gradually lost ground on Friday morning, trading at the 3550/3560 levels, compared to the 3535/3545 levels at the start of the day. Earlier in the week, the market leaned toward a stronger local unit, supported by dollar selling from commercial banks, commodity exporters, and steady inward remittances
EACOP,IEC Centre Partner to Strengthen National Content and SME Capacity
The East African Crude Oil Pipeline (EACOP) Ltd. has signed a Memorandum of Understanding (MoU) with the Industry Enhancement Centre (IEC) to reinforce their shared commitment to advancing National Content initiatives and enhancing the capacity of Ugandan Small and Medium-sized Enterprises (SMEs). The IEC was established in 2024 by TotalEnergies
Centenary Bank, ServiceCops partner to Accelerate Digital Financial Inclusion
Centenary Bank has signed a Memorandum of Understanding (M.O.U) to accelerate digital transformation, deepening financial inclusion, and expanding access to modern digital services across Uganda and the wider African region. Service Cops is a Pan African Technology Innovations and Outsourcing Solutions powerhouse that specializes in developing proprietary digital financial solutions,
US$ 5.2M initiative to professionalise African accountancy sector launched
The African Development Bank Group and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to address a severe shortage of qualified public sector accountants and auditors across Africa. The launch event was held on 26 November at The South African Institute of Professional
Services Sector Powers Ahead as Agriculture and Manufacturing Falter — EPRC
Uganda’s services sector posted a dramatic upswing between July and September 2025, emerging as the key engine of business growth even as agriculture and manufacturing recorded steep declines, according to the latest Uganda Business Climate Index (BCI) from the Economic Policy Research Centre (EPRC). The sector’s sentiment score surged by
Museveni Calls on International Partners to Invest in Uganda’s Export Infrastructure
During the recent International Buyers Week at Speke Resort Munyonyo organized by the Presidential Advisory Committee on Imports and Exports Development President Museveni called on international partners to invest in Uganda’s export infrastructure. Represented by Vice President Jessica Alupo, the President emphasized that Uganda has halted the export of raw materials and
Uganda Poised for Rapid Export Growth Under AfCFTA
As Uganda continues to champion deeper regional and continental integration, a key message emerged during the recent International Buyers’ Week organized by PACIED. His Excellency Wamkele Mene, Secretary General of the African Continental Free Trade Area, emphasized that AfCFTA is opening new possibilities for nations such as Uganda. According to
SBIL Graduates First Cohort of Women-Led Green Enterprises
The Stanbic Business Incubator Limited (SBIL) has successfully concluded training for Cohort one of the Green Businesses and Jobs for the Green Transformation Project, a flagship initiative aimed at empowering women-led enterprises advancing environmental sustainability. More than 32 women-led green enterprises pitched their transformative business plans, demonstrating how they intend
Vodacom acquires US$2.1 billion stake in Safaricom
Vodacom Group has announced a landmark transaction that will significantly increase its ownership in Safaricom, reinforcing its commitment to the fast-growing East African markets of Kenya and Ethiopia. Under the terms of the deal, Vodacom has entered into an agreement with the Government of Kenya to acquire 15% of Safaricom
