Latest Business News

September 28, 2020

Uganda’s exports receipts rise 25 percent

By George Mangula According to the Ministry of Finance, for the third consecutive month, Uganda’s exports receipts increased; as the effects of the COVID19 pandemic lessened. Export receipts increased by 25% to […]
September 18, 2020

EAC targets One Stop Border Posts’ staff tp prevent the spread of COVID-19 in the region

By Our Reporter Border Posts are high-risk areas regarding the spread of COVID 19 and other infectious diseases from one country to another. These “Points of […]
September 11, 2020

African Private Sector upbeat about the future but demands fairer and more transparent Global Trading System

By Our Reporter A survey commissioned by the Pan-African Private Sector Trade and Investment Committee (PAFRAC) to gauge the private sector view around trade has highlighted […]
September 11, 2020

Commercial banks NPL ratio upped 5.8 percent in June 2020-BoU report

By George Mangula The Non-performing loan (NPL) ratio for commercial banks in the country rose to 5.8 percent in June 2020 from 3.8 percent registered in […]
September 10, 2020

Small and medium enterprises lynchpin of African agriculture – AfDB

By Our Reporter A panel of some of Africa’s most promising small and medium-enterprise (SME) agripreneurs gathered online to call for more selective investment, accelerated business […]
September 1, 2020

Oil sector: Meeting calls for local content as an enabler of Africa’s economic recovery

By Our Reporter The African Energy Chamber on Tuesday held its first meeting with its Local Content Committee, placing local content development at the core of […]
August 11, 2020

BoU maintains CBR at 7 percent in August as economy contracts 3.2 percent in second quarter of 2020

By George Mangula The Monetary Policy Committee (MPC) of Bank of Uganda (BoU) has decided to maintain the Central Bank Rate (CBR) at 7 percent for […]
August 9, 2020

Standard Chartered Uganda donates PPE Equipment worth Shs74m to Mubende Regional Referral Hospital

By Geoge Mangula Standard Chartered Bank in partnership with Brien Holden Vision Institute (BHVI) has made a donation of Personal Protective Equipment worth Ugx 74 million […]
August 9, 2020

Ecobank Group announces the 2020 Fintech Challenge Finalists

By Our Reporter Ecobank Group  has announced the finalists from  the 2020 Ecobank Fintech Challenge. The challenge, in its third edition, is designed to deepen collaboration between […]
August 7, 2020

Uganda’s coffee exports increase 23.17 percent in June 2020

By George Mangula Coffee exports in June 2020 amounted to 420,373 60-kilo bags worth US$ 39.99 million, according to Uganda Coffee Development Authority’s latest report. The […]
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