Currency in Circulation Hits Shs 8.9 Trillion as BOU Spends Shs 193.7 Billion on New Notes
The Bank of Uganda (BOU) spent Shs 193.76 billion to print new banknotes in the 2024/25 financial year, a significant rise from Shs 174.21 billion in the previous year, according to the BOU Integrated Annual Report released in October 2025. An additional Shs 9.8 billion was spent on minting coins,
Pension Funds Unite to Finance Africa’s Growth as Aid Declines
For the first time, pension funds across Africa are joining forces to pool domestic resources toward the continent’s development needs reducing reliance on traditional foreign aid and funding. The initiative, dubbed the “Development Fund for Africa”, will be unveiled at the upcoming “$700 Billion in One Room” All Africa Pensions Summit,
Coca-Cola Beverages recognised with Bronze Employer of the Year Award
Coca-Cola Beverages Uganda (CCBU) has been recognised for its commitment to job creation in the country with the Bronze Employer of the Year Award by the Federation of Uganda Employers (FUE). FUE is the recognised voice of employers on social and economic issues, both locally and internationally. It is the
Coca-Cola Beverages Uganda raises the bar for safety
Coca-Cola Beverages Uganda (CCBU) has once again set the standard for safety after receiving three NOSCAR Awards at a ceremony held in South Africa recently. NOSCAR Awards are the highest level of recognition for occupational health and safety, awarded by NOSA, a leading provider of occupational health and safety training,
Uganda Sets date for Launch of Shs 13.7 trillion Oil Refinery
Uganda’s oil refinery is scheduled to begin operations in the fourth quarter of 2029 or the first quarter of 2030, according to Michael Nkambo Mugerwa, General Manager of Uganda Refinery Holding Company. Speaking during the Invest in Uganda panel sponsored by Uganda National Oil Company (UNOC) at African Energy Week
Uganda Powers Africa’s Coffee Surge Amid Global Slowdown
Exports of all forms of coffee from Africa rose by 4.1 percent in August 2025, reaching 1.9 million bags, up from 1.83mln bags in August 2024, according to the latest International Coffee Organisation (ICO) report. The ICO Coffee Market Report for September 2025 mentions Uganda as the primary driver of
TotalEnergies, Chevron Push for Faster Permits and Seismic Data
Africa’s oil and gas sector could be on the brink of a new exploration renaissance, driven by advances in seismic imaging, frontier data sets and faster permitting, industry leaders said at Africa Energy Week (AEW): Invest in African Energies 2025 in Cape Town. According to Emmanuelle Garinet, VP of Exploration
LG Strengthens Presence in Uganda as Demand for Home Appliances Surges
LG Electronics East Africa has reaffirmed its commitment to the Ugandan market through a strategic expansion aimed at meeting the country’s rapidly growing demand for home appliances and consumer electronics. The expansion is being implemented in partnership with LG’s sole Ugandan distributor, Appliance World Limited (AWL). This move comes at
FANTA Introduces New Pineapple Flavour in Uganda
A new FANTA® flavour is adding a burst of deliciousness to the brand’s portfolio in Uganda with the launch of FANTA® Pineapple. This bolder, fruitier tasting beverage brings a splash of playfulness, fun, and refreshing enjoyment to fans across the country. Set to tantalise taste buds with its vibrant twist,
UDB secures Shs 103 billion to boost economic growth
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a USD 30 Million (Shs 103.9 billion) financing facility to Uganda Development Bank Limited (UDBL) in Uganda. This strategic facility marks ICD’s first Line of Finance transaction in
