Latest Business News

July 29, 2020

United Bank for Africa Group announces global management appointments

By George Mangula United Bank for Africa Plc (UBA) has appointed Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as chief […]
July 18, 2020

COVID-19 takes toll on economy; election boost unlikely – Standard Chartered Economic Report

By George Mangula According to the latest Standard Chartered Economic Report, Uganda’s economy should recover gradually in the months ahead, after strict pandemic containment measures were […]
July 15, 2020

Dried tropical fruit from Uganda, Ready for the world

By The Second Opinion Reporter The European market for dried tropical fruit is expected to show stable growth of 5% to 6% in volume annually, this growth trajectory […]
July 15, 2020

Ecobank Group named Africa’s best bank for corporate responsibility

By Our Reporter Ecobank, which also operates in Uganda,  has won the coveted prize of Africa’s Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence […]
July 10, 2020

Tough times as COVID-19 makes Ugandan households to spend 30 percent less

By Our Reporter Currently, on average, Ugandan households spend Shs 10,800 per day, down from Shs 14,100 in January 2020. The drop is sharper in rural […]
July 10, 2020

Uganda’s GDP to go further negative in 2021 as Covid-19 hits hard economy

By George Mangula The latest World Bank’s Uganda Economic Updates projects that the country’s real GDP growth of between 3–3.3 percent in FY20 (from 6.5 percent […]
July 8, 2020

African Energy Chamber launches new jobs portal, pledges to boost local content

By George Mangula In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 crisis, the […]
July 8, 2020

Africa’s growth stands to rebound to 3 percent in 2021, AfDB says

By Our Reporter Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African […]
July 7, 2020

Launch of World Bank’s Uganda Economic Update set for tomorrow

By George Mangula The virtual launch of the 15th edition of the World Bank’s Uganda Economic Update to be held tomorrow in the afternoon. According to Sheila Kulubya, […]
July 6, 2020

You won’t beat businessman Sudhir in Supreme Court- former COSASE Chairman Abdu Katuntu taunts BoU

By George Mangula As Bank of Uganda (BoU) and Kampala businessman Sudhir Ruparelia continue to tarnish each other’s image  in the media over the closure of […]
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