Lake Victoria fuel transport: Why Mahathi matters to Uganda and East Africa
The $300 million Mahathi Infra Uganda Limited petroleum transportation and storage project on Lake Victoria should be viewed as more than a private commercial investment. It is emerging as a strategic regional infrastructure project with implications for Uganda’s energy security, Kenya’s Kisumu Port and the wider East African transport network.
UPPC targets international market after securing ISO certification
Uganda Printing and Publishing Corporation (UPPC) has secured ISO 9001:2015 certification, a development its management says will strengthen the institution’s competitiveness in the regional and international markets. The certification, announced in Entebbe on September 14, confirms that UPPC’s quality management system meets internationally recognised standards for consistent service delivery, accountability
Uganda must strengthen cyber resilience as digital economy expands
Uganda must strengthen its cyber resilience as the country’s economy and public services become increasingly dependent on digital technologies, the Uganda Communications Commission (UCC) has warned. Dr Christine Mugimba, the UCC Director of ICT and Research, said the growing reliance on digital infrastructure means cybersecurity can no longer be treated
Stanbic, Standard Chartered lose bid to recover $23.5m from Basajjabalaba
The Court of Appeal has dismissed a bid by Stanbic Bank Uganda and Standard Chartered Bank Uganda to recover $23.5 million and Shs433.3 million from businessman Hassan Basajjabalaba and other guarantors, ruling that the two banks lost the legal right to pursue the debt after assigning it to the Bank
Minister Kuteesa Kamuli Lauds Stanbic-France Partnership as 106 Green Enterprises Graduate
Minister of State for Gender and Culture, Mary Kuteesa Kamuli, has commended Stanbic and the Embassy of France in Uganda for championing women and youth-led green enterprises, describing their collaboration as a practical example of how strategic partnerships can accelerate Uganda’s economic transformation. Speaking as Guest of Honour at the
Gov’t sets next year’s budget at Shs79.22 trillion
Uganda’s preliminary national budget resource envelope for the financial year 2027/28 has been set at Shs79.22 trillion, representing a reduction of Shs5.17 trillion from the Shs84.39 trillion budget for the current financial year. The new figure was announced by the Permanent Secretary and Secretary to the Treasury (PSST), Ramathan Ggoobi,
Shilling slides to near record low as dollar demand rises
The Uganda shilling weakened further against the US dollar this week, sliding to near record lows as strong demand for foreign currency from manufacturers, energy and telecommunications companies put renewed pressure on the local unit. The shilling opened the week at Shs3,895/3,905 against the dollar before weakening to Shs3,945/3,955 on
Uganda steps up push to turn mineral wealth into industrial growth
As Uganda moves to turn its mineral wealth into greater industrial and economic value, dfcu Bank has stepped up support for players across the mining value chain, offering financing, insurance and foreign exchange risk management solutions. The bank says its interventions are targeting some of the key challenges limiting investment
NSSF assets rise to Shs32.8t as income hits Shs6.51t
The National Social Security Fund (NSSF) recorded a major improvement in financial performance in the year ended June 2026, with total income rising by 85 percent to Shs6.51 trillion as assets under management grew to Shs32.8 trillion. The performance was driven largely by stronger investment returns, increased member contributions and
Financing the Assets That Move Uganda’s Economy
For many businesses, growth is not constrained by demand or ambition. It is constrained by access to capital. Whether expanding production capacity, increasing distribution reach or investing in more efficient operations, acquiring the right assets often requires significant upfront expenditure that can place pressure on cash flow. As Uganda’s economy
