Simon Kabayo
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Finance & Banking
Musasizi urges commercial banks to cut lending rates to boost local production
KAMPALA, September 18, 2026 –Finance Minister Henry Musasizi has called on commercial banks in Uganda to lower lending rates and channel more financing into productive sectors, saying affordable credit will be critical…
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Energy & Mining
Museveni breaks ground on Shs 1.15 trillion Kampala Storage Terminal in Mpigi
MPIGI, September 17, 2026 — President Yoweri Museveni has presided over the groundbreaking of the Shs1.15 trillion Kampala Storage Terminal [KST] in Namwabula, Mpigi district, as Uganda moves to strengthen its petroleum…
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Cooperatives & Communities
PDM reaches 3.57mln beneficiaries as Shs 4.317trn boosts household enterprises
KAMPALA, September 16, 2026 — The Parish Development Model [ PDM ] has reached 3,571,108 beneficiaries across Uganda, with government investing Shs 4.317 trillion in the Parish Revolving Fund [PRF] to expand…
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Finance & Banking
Uganda trade and investment roadshow seeks to unlock investment across borders
KAMPALA, September 15, 2026 — Uganda is seeking to deepen trade and investment across the borders as business leaders, investors, policymakers and private-sector stakeholders gathered in Kampala for the 2026 Uganda Trade…
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Finance & Banking
Uganda banks’ profits rise to Shs 2.17 trillion as government borrowing weighs on private credit
KAMPALA, September 14, 2026 — Uganda’s banking industry recorded a sharp improvement in profitability and asset quality in 2025, with net profit after tax rising to Shs 2.17 trillion, even as banks…
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Cooperatives & Communities
Uganda to export over 3,500 tonnes of coffee annually to South Korea in new Busan deal
BUSAN, September 14, 2026 — Uganda has secured a new coffee export partnership with South Korean company GVCC Co. Ltd, in a deal expected to open a major gateway for Ugandan coffee…
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News
Next FY national budget to focus on revenue mobilisation, jobs and household incomes, says Minister
KAMPALA, September 10, 2026 — The Government of Uganda has unveiled seven strategic shifts that will guide the formulation and implementation of the national budget for the 2027/28 financial year [FY], with…
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Energy & Mining
Fred Kabanda appointed Executive Director of Petroleum Authority of Uganda
KAMPALA, September 10, 2026 – Fred Kabanda, a former official at the Ministry of Energy and Mineral Development and the African Development Bank [AfDB], has been appointed Executive Director of the Petroleum…
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Finance & Banking
Stanbic Bank Uganda unveils revamped Kalangala branch to boost island banking
KALANGALA, September 8, 2026 — Stanbic Bank Uganda has officially unveiled its newly refurbished Kalangala branch, combining a celebration of its 35th anniversary with a pledge to deepen financial inclusion across the…
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Finance & Banking
UDB-financed enterprises generate Shs 6.26 trillion in output, create over 69,000 jobs
KAMPALA, September 7, 2026 — Enterprises financed by the Uganda Development Bank [UDB] generated Shs 6.26 trillion in annual economic output and created or sustained 69,202 jobs in 2025, according to the…
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