Economic growth
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News
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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News
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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News
World Bank approves NUSAF IV to support Northern Uganda
LIRA, May 29, 2025 – – The World Bank has approved funding for the fourth phase of the Northern Uganda Social Action Fund [ NUSAF IV], a five-year government initiative aimed at…
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News
BoU brings financial literacy to Bushenyi, promotes inclusive economic growth
BUSHENYI, May 25, 2025 – – The Deputy Governor of the Bank of Uganda [ BoU ], Prof. Augustus Nuwagaba, has reaffirmed the central bank’s commitment to inclusive economic growth and financial…
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News
UNOC achieves fuel supply stability for Uganda
KAMPALA, May 5, 2025 – The Uganda National Oil Company [UNOC] has achieved unprecedented stability in the country’s fuel supply, following the implementation of its new importation strategy. UNOC was granted exclusive…
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News
Tourism: New 2.6km road to improve access to Sipi Falls in Kapchorwa district
KAPCHORWA, May 2, 2025 – The Uganda Tourism Board [UTB] has officially launched a 2.6-kilometre tourism access road in the hilly Kapchorwa district, located in eastern Uganda. The road, constructed in partnership…
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Africa
Mining Advances Growth Prospects for African Economies
CAPE TOWN, April 6, 2025 — Mineral-rich African countries are strengthening cooperation with global partners to optimize the mining value chain, leveraging investments to accelerate GDP growth and sustainable development. In recent…
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News
AfDB, African Water Facility, Association of European Development Finance Institutions to hold Investment Event for Water and Sanitation in Africa
ABIDJAN, March 18, 2025 — The African Development Bank Group, African Water Facility, and the Association of European Development Finance Institutions will host a high-level event to generate investment for water and…
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News
EU and EAC launch strategic projects to strengthen regional trade and economic growth
ARUSHA, February 7, 2025 – The European Union [EU] and the East African Community [EAC] has launched three key projects designed to strengthen regional integration, enhance trade and foster inclusive economic growth.…
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News
Tanzania summit declaration vows to connect 300mln Africans with cheap electricity within five years
DAR ES SALAAM, January 29, 2025 — African leaders committed on Tuesday to delivering affordable electricity to 300 million people across the continent within five years. The pledge, known as the Dar es Salaam…
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