Financial
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Museveni urges Ugandans to use PDM to fight household poverty
BUVUMA, June 20, 2025 –– President Yoweri Museveni has called on Ugandans to seize the opportunity presented by the Parish Development Model [PDM] to eradicate household poverty. Speaking on Thursday during a…
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UDB reports net profit of Shs 57.8 billion as total assets grow by 7 percent in 2024
KAMPALA, June 20, 2025 –– Uganda Development Bank Ltd [ UDB ] has reported a net profit after tax of Shs 57.8 billion for the year ended December 31, 2024, representing a…
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Alebtong: Capital for women entrepreneurs’ Emyooga SACCO grows to Shs 129mln
ALEBTONG, June 20, 2025 –– The Moroto Women Entrepreneurs Savings and Credit Cooperative Organisation [ SACCO ] in Alebtong district is experiencing significant growth following an additional funding boost of Shs 50…
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Positive customer demand bolsters business conditions in May
KAMPALA, June 19, 2025 –– Confidence in Uganda’s private sector rose to its highest level in nearly two years, as the headline Stanbic Bank Purchasing Managers’ Index [PMI] climbed to 56.4 in…
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Masindi farmers suffer losses amid rising sugarcane thefts
MASINDI, June 19, 2025 –– Sugarcane farmers contracted by Kinyara Sugar Limited [KSL] in Masindi district are incurring heavy losses due to rampant sugarcane thefts, with many forced to hire private guards…
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WSACCO empowers UPDF soldiers in Somalia with financial literacy
KAMPALA, June 19, 2025 —Wazalendo Savings and Credit Cooperative Society [WSACCO] has launched a financial literacy and empowerment campaign targeting Uganda Peoples’ Defence Forces [UPDF] troops deployed in Somalia under the United…
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Global energy transition gains ground, but security and capital challenges persist
GENEVA, June 19, 2025 –– Global progress towards secure, equitable and sustainable energy is accelerating after years of sluggish gains, according to a World Economic Forum report released today. However, rising geopolitical tensions,…
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Gov’t warns money lenders against breaking the law
KAMPALA, June 19, 2025 –– The State Minister for Microfinance, Haruna Kasolo Kyeyune, has issued a strong warning to money lenders operating outside the law, stating that the government will take decisive…
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Rwanda launches Climate Smart Agriculture Plan to drive Rwf 449.7bln in private investment
KIGALI, June 19, 2025 –– The newly released Rwanda Climate Smart Agriculture [CSA] Investment Plan [IP], supported by the International Finance Corporation [IFC], identifies RWF 449.7 billion [ US$ 335.4 million equivalent] in…
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Kazo farmers reap big from Microscale Irrigation Programme
KAZO, June 18, 2025 — Smallholder farmers in Kazo district in Ankole Subregion are benefiting from the government’s Microscale Irrigation Programme, a transformative initiative designed to boost agricultural productivity and enhance climate…
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