Market Information
latest market news and reviews
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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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Afreximbank Launches 2024 African Trade Report and African Trade and Economic Outlook Report
NASSAU, June 13, 2024 – African Export-Import Bank [ Afreximbank ] yesterday launched its African Trade Report 2024 and African Trade and Economic Outlook Report 2024 at the Afreximbank Annual Meetings 2024…
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United Bank for Africa: Shareholders approve payment of N78.7 billion dividend
LAGOS, June 3, 2024 The shareholders of the United Bank for Africa [UBA] Plc, have congratulated the Board of Directors, management and staff of the Bank for the impressive performance recorded over…
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Orange vendors decry poor quality as they suffer losses
SOROTI, May 30, 2024 – Orange vendors in Soroti district say they are incurring losses due to the poor quality of oranges supplied by the local farmers. They say customers have shunned…
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Multilateral finance institutions win big at African Banker Awards 2024
KAMPALA, May 29, 2024 – The most prestigious event in the African banking calendar, the African Banker Awards Gala Ceremony 2024, took place last night at the JW Marriott Hotel in Nairobi,…
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Uganda named top investment destination in Africa
ENTEBBE, May 24, 2024 – President Yoweri Kaguta Museveni recently received an award that ranks Uganda as a top investment destination on the African continent. Uganda beat six other nations to emerge…
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Over 140 coops in Masindi have expired certificates
MASINDI, May 23, 2024 – At least 146 cooperatives in Masindi district, and municipality have expired certificates, according to the list published by the Ministry of Trade, Industry Cooperatives [MTIC]. Apparently, soldiers…
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