Youth Activists Arrested in Kampala Over Stanbic Bank’s EACOP Funding Protest

Kampala witnessed dramatic scenes as police arrested nine youth activists who stormed Stanbic Bank’s headquarters to protest the financial institution’s involvement in funding the controversial East African Crude Oil Pipeline…

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Uganda Slashes UMEME Buyout Price by $72 Million After Audit Review

The Ugandan government has dramatically reduced its loan request to acquire electricity distributor UMEME from over $190 million to $118 million following a special audit verification. The revised figure, presented…

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Uganda Unveils Ambitious Shs40.7 Trillion Budget to Power Economic Growth

The Ugandan government has laid out an expansive Shs40.7 trillion budget for the 2025/26 financial year, signaling major investments in defense, infrastructure, energy, and social services to drive national development.…

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Ministry of Trade Launches Game-Changing Plan to Supercharge Uganda’s Economy

The Ugandan government is making big moves to strengthen the country’s trade sector. The Ministry of Trade, Industry, and Cooperatives has announced plans to set up a national Chamber of…

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NSSF Awards Shs118 Billion in Contracts to Local Suppliers

The National Social Security Fund (NSSF) has announced that by the end of the current financial year 2024/25, it will have awarded contracts worth Shs118 billion to suppliers. The revelation…

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Museveni Pushes for Regional Trade Dominance at Munyonyo Conference

Uganda’s ambitious plan to grow its economy tenfold takes center stage this week as government officials, business leaders, and development partners gather at Speke Resort Munyonyo for the crucial Trade…

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From Combat to Construction: Govt Gives ADF Returnees a Fresh Start in Rwenzori

In a significant move to support the reintegration and economic empowerment of former Allied Democratic Forces (ADF) combatants, the Ugandan government has donated a state-of-the-art brick-making machine to returnees in…

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East Africa Moves to Boost Trade in Services with New Private Sector Proposals

Private sector leaders from across the East African Community (EAC) have approved a series of proposals aimed at boosting trade in services, a move expected to drive economic growth and…

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NWSC and Luwero Industries Team Up to Revolutionize Water Supply in Uganda

In an extensive endeavor to enhance the effectiveness of water supply and stimulate local innovations in engineering, the National Water and Sewerage Corporation (NWSC) has partnered with Luwero Industries Limited.…

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Bank of Uganda Takes Financial Literacy to Karamoja with Town Hall Meetings

The Bank of Uganda is scheduled to conduct a series of Town Hall Meetings in Moroto Municipality on Wednesday, March 5, and Thursday, March 6, 2025. This is meant to…

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