Financial
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Gov’t to leverage commercial diplomacy to promote foreign trade and investment
KAMPALA, June 18, 2025 –– Government, through the Ministry of Foreign Affairs, plans to adopt commercial diplomacy as a strategic approach to promote Ugandan goods and services in countries where it maintains…
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Uganda’s economy displays positive outlook amid growth, trade, and inflation trends
KAMPALA, June 17 2025 — Uganda’s economy continues to exhibit strong resilience and growth, according to the May 2025 Performance of the Economy Report, released by the Ministry of Finance, Planning, and…
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Museveni commends model farmer for embracing four-acre model farming
MPIGI, June 17, 2025 –– President Yoweri Museveni has lauded Hajji Muhammad Yusuf Zziwa, a model farmer in Sselinya B Village, Mpigi district, for embracing the four-acre model of farming. While addressing…
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FDI Flows to Developing Economies Drop to Lowest Level Since 2005
WASHINGTON, June 17, 2025 — Flows of foreign direct investment [ FDI ] into developing economies—a key propellant of economic growth and higher living standards—have dwindled to the lowest level since 2005…
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PDM beneficiaries in Hoima City decry soaring feed prices
HOIMA, June 17, 2025 –– Beneficiaries of the Parish Development Model [PDM] in Hoima City, particularly those engaged in piggery and poultry farming, are struggling with the escalating cost of animal feeds,…
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African Credit Rating Agency to launch by September 2025
ADDIS ABABA –– The African Credit Rating Agency [AfCRA], a privately owned financial rating body, is expected to begin operations by September 2025. The agency will provide credit ratings tailored to the…
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Bunyoro-Kitara Kingdom appeals for tractors to boost agricultural mechanisation
HOIMA, June 16, 2025 – The Prime Minister of Bunyoro-Kitara Kingdom, Andrew Byakutaga, has appealed to President Yoweri Museveni to support the Kingdom with agricultural mechanisation, particularly the provision of tractors, to…
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Shs 9.5bln compensation revitalises Banyankole Kweterana Cooperative Union
MBARARA CITY, June 16, 2025 –– The Banyankole Kweterana Cooperative Union [BKCU] has been revitalised following a government compensation of Shs 9.5 billion, which has cleared the Union’s debts and boosted its…
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PDM transforms lives of PWDs in Lira City
LIRA, June 16, 2025 – – Persons with disabilities [ PWDs ] in Lira City are experiencing a significant transformation in their livelihoods, thanks to soft loans provided by the Government of…
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UMEME reports Shs 511bln loss, seeks Shs 1trn buyout
KAMPALA, June 16, 2025 – – Uganda’s former power distributor, UMEME Limited has posted a net loss of Shs 511 billion for the financial year ended December 31, 2024, concluding a difficult…
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