Market Information
latest market news and reviews
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AfDB’s sovereign portfolio retains top spot in 2024 Aid Transparency Index
ABIDJAN, July 17, 2024 – Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank’s [AfDB] sovereign portfolio as the most transparent. The…
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Uganda’s coffee exports reach Shs 4.23trn, highest in value and volume in 30 years
KAMPALA, July 17, 2024 – Uganda’s coffee exports in 2023/24 were 6.13 million bags valued at US$ 1.144 billion [about Shs 4.23 trillion], Uganda Coffee Development Authority [UCDA] says in June 2024…
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UCA urges Ugandans to embrace cooperatives
KAMPALA, July 16, 2024 – Uganda Cooperative Alliance [ UCA ] has called upon Ugandans to embrace cooperatives if the country is to have socioeconomic transformation. Speaking during the prayers held for…
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Promoting investment: Govt calls for positive media coverage
KAMPALA, July 11, 2024 – In a bid to boost Uganda’s investment and tourism sector, government officials are urging media houses and journalists to highlight the country’s positive attributes rather than focusing…
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Mars Wrigley collaborates with COCOBOD on early detection of CSSVD
LONDON, July 6, 2024 – Mars Wrigley, the world’s largest chocolate manufacturer, has announced the development of a detection kit for Cocoa Swollen Shoot Virus Disease [CSSVD]. This kit aims to facilitate…
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Hundreds lose jobs as Mayuge sugar factory is closed
NAMAYINGO, June 26, 2024 – Over 600 people in Namayingo district have lost their jobs following government’s rushed closure of CN Sugar factory that was still undergoing construction. The closure of the…
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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Uganda’s year-on-year coffee exports fetch Shs 4trn
KAMPALA, June 16, 2024 – Uganda’s coffee exports for the twelve months [June 2023-May 2024] totaled 6.02 million bags worth US$ 1.07 billion [about Shs 4 trillion] compared to 5.73mln bags worth…
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UMA’s Eastern Region Trade Fair ongoing in Mbale City
MBALE, June 15, 2024 – The Uganda Manufacturers Association [ UMA ] 13th Eastern Region Trade Fair will run for 10 days starting June 14, 2024, at Mbale Secondary School in Mbale…
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Acholi farmers advised to continue growing cotton
GULU, June 14, 2024 – Cotton growing is still a profitable enterprise that should never be shunned by the farmers despite the emergence of new cash crops in Uganda, according to Bob…
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