Uganda
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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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Positive customer demand bolsters business conditions in May
KAMPALA, June 19, 2025 –– Confidence in Uganda’s private sector rose to its highest level in nearly two years, as the headline Stanbic Bank Purchasing Managers’ Index [PMI] climbed to 56.4 in…
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WSACCO empowers UPDF soldiers in Somalia with financial literacy
KAMPALA, June 19, 2025 —Wazalendo Savings and Credit Cooperative Society [WSACCO] has launched a financial literacy and empowerment campaign targeting Uganda Peoples’ Defence Forces [UPDF] troops deployed in Somalia under the United…
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Gov’t to leverage commercial diplomacy to promote foreign trade and investment
KAMPALA, June 18, 2025 –– Government, through the Ministry of Foreign Affairs, plans to adopt commercial diplomacy as a strategic approach to promote Ugandan goods and services in countries where it maintains…
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Speaker Among urges government to include local leaders in PDM to enhance effectiveness
SHEEMA MUNICIPALITY –– The Speaker of Parliament, Anita Among, recently urged government to include local leaders in the implementation of the Parish Development Model [PDM], in order to improve its monitoring and effectiveness…
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UMEME reports Shs 511bln loss, seeks Shs 1trn buyout
KAMPALA, June 16, 2025 – – Uganda’s former power distributor, UMEME Limited has posted a net loss of Shs 511 billion for the financial year ended December 31, 2024, concluding a difficult…
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Kole coop expands market across the EAC
KOLE, June 15, 2025 –– Alito Joint Multipurpose Cooperative Society Limited, based in Kole district, is gaining regional recognition, extending its quality seed market beyond the Lango, Acholi, and Karamoja sub-regions to…
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Ugandan traders decry over-taxation
KAMPALA, June 15, 2025 –– Traders under the umbrella body, the Uganda National Traders Alliance [UNATA], have accused the Uganda Revenue Authority [URA] of over-taxation and failing to understand the challenges faced…
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Climate Change: Uganda unveils carbon market regulations
KAMPALA, June 14, 2025 – Uganda has taken a significant step towards accelerating climate action with the launch of a new regulatory framework to govern its national carbon market. The National Climate…
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Preparations for CoopsDay 2025 launched in Fort Portal City
FORT PORTAL CITY, June 13, 2025 – Uganda has officially launched preparations for the 2025 International Day of Cooperatives [ CoopsDay ], scheduled to take place on July 5, 2025 in Fort…
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