MTN Uganda's Q1 Profits Surge 21% Driven By Data and Fintech Growth
Uganda's largest telecommunications company, MTN Uganda, has reported its Q1 2025 financial results, marked by double-digit revenue growth supported by expanding data and fintech services. The company’s fintech division, which [...]
Uganda Declares End to Second Ebola Outbreak in Three Years
Uganda has declared the end of an Ebola outbreak in the capital Kampala, less than three months after the virus was confirmed. “This outbreak challenged us in new ways. It [...]
Uganda Set to Renationalise Power Distribution With Umeme Exit
The state-owned Uganda Electricity Distribution Company Ltd (UECDL) is set to take over power distribution early next week from Umeme Ltd. According to the concession terms, the company is going [...]
Ugandan Lawmakers Approve Military Deployment to South Sudan Amid Rising Instability
Uganda's Parliament has approved the deployment of its military forces to South Sudan following a request from President Salva Kiir to help quell escalating violence in the Upper Nile State. [...]
Ugandan Legislators Query US$ 190 million Umeme Buyout Loan
Members of the Committee of National Economy have questioned the Ugandan government’s ‘last minute’ request for a US$190 million loan to finance the Umeme buyout. In 2022, the Ugandan government said [...]Business and Conferences Top Reasons Why Ugandans Visit Kenya
Uganda topped East African Community (EAC) nations as a source of visitors to Kenya in 2024, with business and conferences ranking as the most common reason. “The number of international [...]Uganda Waives KSh 334mn in Taxes for Local Companies
Uganda's parliament has approved over USh 9.5 billion (~KSh 334.77 million) in tax waivers for several local investors facing economic headwinds. The waivers include USh 783mn to Busoga University after [...]Dr. Michael Atingi-Ego Appointed Governor of Bank of Uganda
Deputy Governor Dr. Michael Atingi-Ego, who has been acting Governor since the death of long serving governor Emmanuel Tumusiime-Mutebile in 2022, has been appointed Governor of the Bank of Uganda [...]Uganda Arrests Nine Over US$16mn Central Bank Heist
Ugandan investigators have arrested the country's Accountant General and eight senior officials for a heist in which US$16mn was stolen from the Bank of Uganda (BoU) in September 2024. The [...]Uganda Forwards Audit on USh 60bn Central Bank Heist to CID
Uganda's legislature has forwarded the Auditor-General's report on the UShs 60bn (US $ 16.23mn) Bank of Uganda heist to the Directorate of Criminal Investigations for further investigations. “Looking at the [...]Mombasa Port Records 14% Cargo Jump, Uganda Major Mover
The Port of Mombasa recorded a 14% increase in cargo handled from January-October period with Uganda contributing to bulk of the performance. “Uganda was mainly responsible for the increase in [...]Uganda's Parliament Rejects Proposal to Merge Tax Appeals Tribunal with Other Tribunals
Uganda's legislature, which is currently considering bills that rationalise government operations, has rejected a proposal to merge all tribunals into a single entity. “The framers of the 1995 Constitution were [...]
