Govt Softens Stance on Trade Order, Pledges New Markets for Displaced Vendors
Government has moved to reassure traders affected by the ongoing Trade Order enforcement, pledging alternative trading spaces as concerns mount over the methods being used to clear vendors from urban streets. The commitment was made by the Permanent Secretary in the Ministry of Local Government, Ben Kumumanya, during a high-level
KCB Unlocks Shs 4bn Tax Lifeline for Oil Firms as Uganda Nears First Oil
With Uganda’s first oil production drawing closer, KCB Bank Uganda has stepped in with a Shs 4 billion unsecured tax bridge financing facility aimed at easing cash flow pressures for companies operating in the oil and gas value chain. The financing is part of a wider package of sector-specific solutions
Airtel Money Taps Virunga Marathon to Accelerate Uganda’s Cashless Shift
Airtel Money Uganda has turned to the Virunga Gorilla Marathon to deepen the push for digital payments, unveiling a partnership that makes it the exclusive payment provider for the high-profile race. The deal positions the telecom’s mobile financial service at the centre of one of Uganda’s most unique sporting events,
Shilling weakens as dollar demand intensifies, global tensions rattle markets
The Uganda shilling came under renewed pressure during the week, weighed down by sustained dollar demand from corporates, commercial banks and select offshore players, market analysts have said. By Friday, the local currency was trading at around 3,715/3,725, weaker than the previous week’s close of 3,695/3,705. According to Richard Nsubuga,
Uganda’s Coffee Exports to China Surge 60% as Focus Turns to Value Addition
Uganda’s coffee exports to China have grown by more than 60% in the second half of 2025, officials have said, as the country gradually shifts its strategy from simple trade promotion to attracting deeper investment in processing and agro-industrial development. The sharp increase reflects rising demand for Ugandan coffee in
Court orders Airtel to pay Shs 1 billion in tax dispute
The Commercial Division of the High Court has ordered Airtel Uganda Limited to pay Shs 1.09 billion in additional taxes arising from the importation of telecommunications equipment. In a ruling delivered by Justice Stephen Mubiru, the court upheld the Uganda Revenue Authority’s (URA) decision to reassess the value of imported
Horticultural Farmers Seal Deal to Export Chilli, Hot Pepper to Europe
Horticultural farmers in the Bunyoro Region have moved a step closer to international markets after entering a joint venture with local exporter KK Foods to supply fresh produce to Western Europe, including the United Kingdom. The farmers, operating under the Albertine Farmers Association (AFA), signed a Memorandum of Understanding (MoU)
BoU turns to Gold to Fortify Uganda’s Reserves
The Bank of Uganda (BoU) has unveiled a three-year pilot programme to buy domestically mined gold, marking astrategic shift aimed at strengthening the country’s foreign exchange reserves while bringing order to the largely informal gold sector. The central bank said it had already begun test purchases under the Domestic Gold
Govt Dismisses Fuel Shortage Fears, Cites Strong Reserves
The Government has assured Ugandans that the country’s fuel supply remains stable, dismissing fears of a potential shortage and urging the public to stay calm. The Ministry of Energy and Mineral Development and the Uganda National Oil Company (UNOC) said Uganda’s petroleum supply chain is “stable, sufficient and well-managed,” backed
Pride Bank Wins Global Award for Innovative Insurance Product
Pride Bank Limited has gained international recognition after clinching the Most Innovative Insurance Product – Pride Care Uganda 2026 award at the Global Banking & Finance Awards 2026, marking a major milestone for the Ugandan financial institution on the global stage. The award highlights the bank’s growing reputation for innovation
