Economic Development
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News
Teso teachers’ SACCOs to receive additional gov’t funding
SOROTI, August 22, 2025 – Teachers’ Savings and Credit Cooperative Organisations [SACCOs] in the Teso Subregion are set to receive a significant financial boost from the government through the Presidential Fund for…
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News
EAC Secretary General concludes official visit to Uganda with key strategic engagements
KAMPALA, July 25, 2025 — The Secretary General of the East African Community [EAC], Veronica Nduva, has concluded a three-day official visit to the Republic of Uganda, marked by high-level engagements aimed…
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Cooperatives & Communities
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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News
Museveni commends Dr. Magoola for securing U.S patent for cancer treatment
ENTEBBE, April 15, 2025 –– President Yoweri Kaguta Museveni has commended Ugandan scientist Dr. Mathias Magoola for securing a United States patent for cancer treatment, describing the achievement as a major milestone…
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News
Gov’t receives Shs 40bln to connect rural areas to electricity
KAMPALA, March 19, 2025 – The Government of Uganda has received a €10 million [approximately Shs 40 billion] grant to improve electricity access in the country’s rural and peri-urban areas. The grant,…
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News
Parliament queries last minute loan request for UMEME buyout
KAMPALA, February 26, 2025 – Members of Parliament [MPs] on the Committee of National Economy have queried government’s ‘last minute’ request for a US$ 190 million loan to finance the UMEME buyout…
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News
Ugandans urged to embrace income-generating projects
KAMPALA, December 14, 2024 — Ramathan Ggoobi, the Permanent Secretary in the Ministry of Finance, Planning and Economic Development and Secretary to the Treasury, has urged Ugandans to focus on government initiatives…
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News
Delayed release of funds affecting road works, says Kasaija
KAMPALA, October 16, 2024 – The Minister for Finance, Planning and Economic Development, Matia Kasaija has revealed that construction works on the Mityana – Mubende Road stalled due to delayed release of…
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News
Interest rates stable as Uganda’s exports surge to US$ 7.5bln
KAMPALA, September 12, 2024 – Commercial bank lending rates for shilling-denominated credit in Uganda averaged 17.89 percent for the year ending June 2024, a decrease from the 18.56 percent average recorded in…
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Africa
Saudi Arabia contributes US$ 2mln towards construction of new COMESA headquarters
LUSAKA – The Government of the Royal Kingdom of Saudi Arabia has donated US$ 2 million towards the construction of a new permanent headquarters for COMESA in Lusaka, Zambia. Saudi Ambassador to…
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