Features -

Why East Africa’s Industrial Ambition Needs A Re-Engineered Financial System

Admin2 months ago08 mins

East Africa’s ambitious drive toward rapid industrialisation is crashing on a fragmented, legacy financial system that fails to move capital as fluidly as goods across regional borders. Despite the registered regulatory milestones under the EAC Common Market Protocol, economic experts and private sector leaders warn that the region’s credit and payment architecture remain locked in national silos. This structural mismatch inflates…

Uganda Shilling Weakens Further In Tuesday’s Session

Admin2 months ago01 mins

The shilling weakened further today as interbank participants moved aggressively to cover short dollar positions amid sustained hard currency demand from corporate clients, according to Absa Bank daily updates. Strong demand from the energy and manufacturing sectors continued to weigh on the local unit, outweighing inflows from remittances and commodity exporters. As a result, the…

Hima Cement, Safal Uganda Baati Foundation Partner To Empower Skill Vulnerable Youth

Admin2 months ago06 mins

Hima Cement Limited (Tororo Grinding Station) and the Safal Uganda Baati Foundation (SUBF), have entered a partnership to provide life-changing vocational skills training to vulnerable, out-of-school youth in Nyangole Sub county -Tororo District. Hima Cement Limited -Tororo Grinding Station will work with Tororo district local government through Nyangole Sub County to profile, select and prioritise…

Kampala Property Market 2026: Resilience, Relocation, And Rise Of The Ugandan Occupier

Admin2 months ago05 mins

Uganda’s property market entered 2026 balancing a robust 6.4% GDP growth projection against a backdrop of global volatility and significant domestic shifts. According to the Knight Frank Uganda’s performance review of Kampala’s property market over the first half of 2026, while external shocks from the Middle East conflict lifted fuel prices and pushed annual inflation…

Why Uganda Shilling Weakened Against Dollar on Monday

Admin2 months ago01 mins

Despite some support from remittance inflows and commodity exporters, the Uganda shilling weakened against the dollar on Monday, according to Absa daily market report. According to the report demand from the energy and manufacturing sectors continued to exert pressure on the market. The shilling closed at 3715/3725, softer than last week’s close of 3705/3715. Money…

Equity Bank, Tian Tang Group Partner To Unlock Mbale Industrial Park’s Potential

Admin2 months ago03 mins

The Sino-Uganda Mbale Industrial Park is set for a further boost following a strategic partnership between Equity Bank Uganda and Tian Tang Group to expand access to finance, strengthen businesses and create more opportunities across the industrial ecosystem. Tian Tang Group has built a manufacturing ecosystem supporting more than 2,000 enterprises and providing employment to…

Uganda’s Investment Prospects Strengthen As Oil, Coffee And Industrialisation Drive Growth

Admin2 months ago09 mins

Uganda’s improving macroeconomic stability, stronger foreign exchange reserves and anticipated oil production are enhancing the country’s prospects as an investment destination, with economic growth expected to accelerate as commercial oil production comes on stream. Economist Stella Otieno told an Equity Bank Uganda trade and investment webinar on Wednesday that Uganda had sustained economic growth of…

Explainer: Uganda’s Treasury Is UDB’s Biggest Competitor

Admin2 months ago05 mins

When Henry Musasizi, the finance minister, told Journalists on the sidelines of the Uganda Development Bank’s annual general meeting that he wants the bank’s lending rate to fall from 12% toward single digits, he seemed to describe a goal that sits awkwardly next to his own ministry’s borrowing habits. Commercial banks charge businesses an average…

Trade Minister Tanna Tasks UIRI Board To Push Innovations To Market

Admin2 months ago03 mins

Minister of Trade, Industry and Cooperatives Sanjay Tanna has challenged the Board of Directors of the Uganda Industrial Research Institute (UIRI) to expand the institution’s reach, improve service delivery and ensure more innovations developed at the institute reach the market. Tanna made the remarks during a meeting at UIRI’s Machining, Manufacturing and Industrial Skills Development…

Building Growth Through Partnership: Equity Bank Uganda And Modern Group

Admin2 months ago05 mins

Jagdish Srivastava, the CEO of Modern Group, Gift Shoko the Managing Director of Equity Bank Uganda and the leading of the bank pose for a photo after a strategic engagement As Uganda’s industrial sector continues to expand, access to responsive and flexible financial solutions is becoming increasingly important for businesses seeking to scale operations and…