Trade
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News
PS irked as Mbarara City officials fail to collect market dues
MBARARA CITY, January 17, 2025 – The Permanent Secretary [PS]in the Ministry of Local Government, Ben Kumumanya, has called on Mbarara City officials to expedite the recovery of Shs 100 million in…
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Illegal charcoal trade shifts to boda boda and buses in Adjumani
ADJUMANI, January 6, 2025 — Charcoal traders in Adjumani district have resorted to using boda boda and buses to transport charcoal following a presidential ban on commercial charcoal trade in Northern Uganda.…
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Afreximbank and Ecobank partner to simplify trade and compliance for African businesses
CAIRO, December 24, 2024 — African Export-Import Bank [Afreximbank] and Ecobank Group have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating Ecobank’s Single Market…
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Lira political leaders and businessmen advised on trade opportunities in EAC
LIRA CITY, December 15, 2024 – Officials from the Ministry of East African Community Affairs [MEACA] have advised political leaders and businessmen in Lira City and Lira district to take advantage of…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Shs 366mln renovation works begin on Mbarara City bridge
MBARARA CITY, December 9, 2024 – Renovation work on Katete Bridge in Mbarara City officially began today, almost a year after the bridge became unmotorable, hurting transportation and trade in the area.…
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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Certification delays at UNBS stifling businesses – MPs
KAMPALA, December 5, 2024: Parliament is calling for increased funding to the Uganda National Bureau of Standards [ UNBS ] following reports of delays in certification and laxity in enforcement of standards.…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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PDM transforming lives of locals in Kapelebyong district
KAPELEBYONG, November 20, 2024 – The lives of residents in Kapelebyong district are being transformed through the Parish Development Model [PDM], a government initiative launched in February 2022. The programme is aimed…
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