Fuel merchants in Uganda believe that the role of Uganda National Oil Company’s (UNOC) as the exclusive fuel importer will result to improved pump prices. During a media engagement, VIVO Energy Uganda’s Supplies and Distribution Manager, Geoffrey Elyanu, stated that there company is prepared to carry on with business as usual under the new importation…
The national airline, Uganda Airlines, declared here on Wednesday that it will begin service to the capital cities of Zambia, Zimbabwe, and Nigeria in September 2024. The chief executive officer of Uganda Airlines, Jenifer Bamuturaki, stated that the additional flights will improve Uganda’s connectivity to the rest of Africa during the airline’s inauguration ceremony on…
In Uganda, the agricultural industry continues to be the backbone of the economy, employing over 72% of the workforce and making up roughly 24.1% of the country’s GDP. The dairy industry alone is worth US$3.8 billion, and US$106.2 million is made from exports each year. Dairy products and milk are essential in the fight against…
With an economic growth rate of 7% anticipated in the upcoming years, government has voiced strong optimism about the state of the economy. This comes after a predicted growth rate of 6 percent for the current financial year, as stated by the Ministry of Finance’s permanent secretary, Ramathan Ggoobi. As he unveiled the first quarter…
Paul Kagame, the current president of Rwanda, has been declared president for the fourth time. Mr. Kagame has won his fourth term in office, leading with 99.15 percent of the total votes cast. With 7,099,815 votes, RPF-Inkotanyi candidate Kagame led the field. Mr. Habineza of the Democratic Green Party received just 38,301 votes, or 0.53%…
The cattle quarantine against Foot and Mouth Disease (FMD) may be lifted, according to the Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF). Following an FMD epidemic in Kabowa, Rubaga Division, the Ministry placed quarantine restrictions on Kampala on February 28. The illness then spread to more than 30 districts in the nation, including the…
Samsung hopes to entice consumers who enjoy fitness and health tracking technologies with the Galaxy Ring, its newest wearable. The gadget was unveiled on Wednesday at Samsung’s Unpacked event as the newest member of its ecosystem of gadgets that it claims to be “supercharging” with artificial intelligence (AI). According to Ben Wood, an analyst at…
Kenya did not impose a bond premium on Uganda’s oil cargo that docked at the Port of Mombasa early this month as claimed by Uganda’s Energy and Mineral Resources Minister Ruth Nakabirwa. The minister made the accusation that Kenya’s Energy Cabinet Secretary, Davis Chirchir, had written to the Kenya Revenue Authority (KRA) requesting an increase…
The central bank of Uganda announced that it is in talks to start buying gold that is locally produced in order to increase its foreign reserves and address issues with global financial markets. The domestic gold purchase program intends to mitigate the diminishing foreign currency reserves and handle the related risks in the international financial markets, according…
Over the last three years, Uganda’s National Social Security Fund (NSSF) has accumulated Shs 80.6 billion via its investment in the telecom company MTN Uganda. This comes after Shs 39.8 billion was paid out as dividends for the most recent year that ended on December 31, 2023. NSSF Managing Director Patrick Ayota highlighted the significance of…
