Economic growth
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News
Uganda’s public debt reaches Shs 116trn but remains sustainable, says minister
KAMPALA, September 15, 2025 – Finance Minister Matia Kasaija has reassured Ugandans that the country’s rising public debt remains sustainable, despite growing concerns over increased government borrowing. Speaking on Thursday at the…
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News
Boosting economic growth: Centenary Bank pledges increased support for Ugandan SMEs
KAMPALA, September 10, 2025 — Centenary Bank Managing Director, Fabian Kasi, has reaffirmed the bank’s commitment to empowering Ugandan small and medium enterprises [SMEs], emphasising that they are central to the country’s…
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News
Kotido district seeks to revive apiary industry as viable alternative to livestock farming
KOTIDO, August 18, 2025 – Authorities in Kotido District are renewing efforts to revitalise the region’s beekeeping industry as a sustainable and viable alternative to livestock farming, which has been severely affected…
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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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