1. What is the Agricultural Credit Facility? The Agricultural Credit Facility (ACF) is a fund set up by the Government of Uganda (GoU) in partnership with Commercial Banks, Micro Deposit- Taking Institutions (MDIs), Credit Institutions & Uganda Development Bank Limited (collectively known as Participating Financial Institutions (PFIs)) to support farmers and projects involved in the…
In FY 2023/24, coffee exports were 6.13 million bags valued at US$ 1.144 Billion. This was an increase of 6.33% in volume and 35.29% in value compared to FY 2022/23 when exports were 5.8 million bags valued at US$846 million. Due to effective regulation by UCDA, coffee quality has greatly improved and this has resulted…
True Prosperity will be Found in the Embrace of the Digital Economy. These farmers prove it
What can be so new and surprising from two such well-established organisations, the European Union (EU) and the Uganda Coffee Development Authority (UCDA)? In short, the Matching Grant Scheme (MGS) is being implemented as one of the activities under Result 2 of the Coffee and Cocoa Value Chain Development Project (CoCoDev). And again, you might ask, what…
These are the anchors that will propel Uganda to a US$500 billion economy in the next one-and-a-half decades,” said Kasaija. Kasaija was delivering the budget speech during a plenary sitting of Parliament presided over by Speaker, Anita Among, at Kololo Ceremonial grounds on Thursday, 13 June 2024. Kasaija explained that to achieve a US$500 billion…
Absa Bank Uganda is pleased to announce the appointment of Ruth Lillian Kagabane as Compliance Director with effect from 1 November 2024. Ruth is an accomplished Banker with over 17 years of diverse experience in risk management, compliance,operations and controls. Prior to this appointment, she held the role of Head of Retail and Business Banking…
Absa Bank Uganda has announced the conclusion of a UGX 19 billion loan facility to Mogo Loans, a visionary partner transforming Uganda’s informal economy by making electric bikes accessible to commercial riders. Absa’s funding will support Mogo Loans in their mission to provide affordable loans to commercial riders, commonly known as ‘boda boda’ operators, to…
Officials from the Private Sector Foundation of Uganda (PSFU) and Uganda Manufacturers Association have asked the Government of Uganda to harmonise the costs of Digital Tracking Solutions, also known as Digital Tax Stamps (DTS) with its East African Community counterparts to ensure fair competition.They said this during an interface with MPs on the Parliamentary Committee on Finance…
Absa Bank Uganda, Rotary Uganda and My Tree Initiative Organization, have launched a schools greening programme aimed at engaging 90,000 students in planting and nurturing 120,000 trees across 183 primary schools. Under the theme “Sustainable Growing of 120,000 Trees in Primary Schools”, this Programme aims to combat climate change and promote environmental education across school…
Kampala, 5th November 2025 | Uganda Breweries Limited (UBL) has today launched its 2024 annual Sustainability Report. This year’s report highlights UBL’s steadfast commitment to sustainable business practices, with a special focus on inclusion and diversity under the theme “Championing Inclusion and Diversity” Andrew Kilonzo, Managing Director of UBL, applauded the company’s efforts whose work…
