News
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Washington positions United States as Africa’s strategic energy partner
CAPE TOWN, October 10, 2025 — U.S. Senator Ted Cruz has called for a new era of partnership between the United States and Africa, framing the continent as both a strategic ally…
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African Trade Experts to Meet in Abidjan for ATFS2025 and Factoring Workshop
CAIRO, October 10, 2025 — As global financial headwinds continue to squeeze emerging markets, Africa’s trade finance gap, estimated at up to US$ 100 billion annually, will once again come under the…
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Uganda to begin oil drilling next year – Museveni
KAMPALA, October 9, 2025 – President Yoweri Kaguta Museveni has announced that Uganda will commence drilling its first oil next year, marking a significant milestone in the country’s long-awaited journey towards commercial…
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CIC partners with TDB and Swiss bank, Vontobel to launch the CIC Global Balanced Special Fund
NAIROBI, October 9, 2025 — CIC Insurance Group has partnered with the Trade Development Bank [TDB] for strategic sponsorship to strengthen its offshore positioning through an operational partnership with Swiss private bank Vontobel that is also tasked with…
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Over 20 distinguished Ugandans to receive medals at Independence Day celebrations
KAMPALA, October 9, 2025 — Uganda is celebrating the 63rd Independence Day at the Kololo Ceremonial Grounds with President Yoweri Kaguta Museveni presiding over the national event as Chief Guest. A total…
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Bank of Uganda reports rise in expenses and loan adjustments for FY 2024/2025
KAMPALA, October 9, 2025 — The Bank of Uganda’s [BoU] latest Integrated Annual Report for the 2024/2025 financial year ended June 30 2025 shows that the Central Bank’s operating expenses, staff costs,…
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Ensign Cooperative Nigeria: Cultivating prosperity through agriculture
ABUJA, October 9, 2025 — Ensign Cooperative Nigeria is redefining the cooperative landscape by charting a bold and sustainable path in agriculture and agribusiness. With a clear road map that prioritises farming,…
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Parliament: Bill to tame quack and unlicensed HR practitioners tabled
KAMPALA, October 9, 2025 — In a bid to promote professionalism and discipline within Uganda’s workforce, Parliament has endorsed stringent penalties targeting unqualified and unlicensed human resource [ HR ] practitioners. The…
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Ugandan manufacturers call for new cross-border trade policies
KAMPALA, October 9, 2025 –- The Uganda Manufacturers Association [UMA], the umbrella body for local manufacturers, has called for the new comprehensive cross-border trade policies to address persistent challenges that hinder access…
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UEDCL records 10 percent increase in power demand
KAMPALA, October 8, 2025 — Power distributor, Uganda Electricity Distribution Company Limited [ UEDCL ] has noted a 10 percent flowing increase in electricity demand during the past three months, having taken…
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