Zofi Cash Closes 1M USD – Pre-Seed Investment
Zofi Cash has successfully secured pre-seed funding of 1M USD from Advancly, a business-to-business financing company that aims to bridge the gap by reimagining access to credit for MSMEs in [...]
Uganda Maintains Key Interest Rate in a Bid to Ease Inflation
Uganda's central bank held its key lending rate at 10 per cent on Monday, saying it expected inflation would slow to hit its target by the end of the year [...]Uganda Central Bank Requests Investors to Transfer April bonds.
The Bank of Uganda (BoU) has invited investors holding Treasury bonds that mature in April to convert their holdings into longer-dated bonds with maturities ranging from May 2025 to August [...]Uganda Begins First Oil Drilling, Targeting Output by 2025
Uganda on Tuesday launchedits first oil drilling programme at the Kingfisher field on the shores of Lake Albert, a key milestone as the country races to meet its target of [...]Nigerian Commodities Exchange AFEX Expands to Uganda
AFEX, Nigeria's first licensed private commodities exchange, is expanding its commodities exchange business to Uganda after expanding to Kenya. The company's technology-enabled services will aid farmers in Uganda, similar to [...]
Kenyan Fintech Pezesha Gets License to Operate in Uganda
Pezesha, a Pan-African fintech company building scalable lending infrastructure for small and medium-sized enterprises(SMEs) and institutions, has acquired a license to operate in Uganda. We are excited to announce that [...]Uganda Terminates $2.2 Billion SGR Contract with Chinese Firm
The Uganda government has terminated the contract of China Harbour Engineering Company (CHEC) to build the country’s first phase of the standard gauge railway (SGR) after eight years of non-execution. [...]Uganda's Upgrade of Kampala-Malaba Railway Set to be Completed Next Month
Uganda's phased rehabilitation of the $301 million Kampala-Malaba metre gauge railway line is near completion, with 95 per cent of the work done. The rehabilitation, which started in February with [...]Kenya's Exports to Uganda Decline 21% as US Market Reigns
Kenya’s exports to Uganda have declined by KES 12.46 billion in the nine months to September compared to a similar period last year, handing the US an extended reign as [...]Uganda to Receive $2.5 Million from the UK in Response to the Ebola Outbreak
The UK will provide 2.2 million pounds ($2.5 million) to support Uganda’s response to an outbreak of Ebola in the East African country. Of that amount, 400,000 pounds will go [...]Court Clears Uganda's Sarrai Group to Resume Operations in Mumias
Uganda-based Sarrai Group has been cleared to resume operations at Mumias Sugar Company after the Court of Appeal temporarily suspended a High Court decision to kick the firm out of [...]USE Admits Chipper Technologies as New Stockbroker
Uganda Securities Exchange (USE), the country’s principal stock exchange, has announced the admission of Chipper Technologies Uganda Limited trading as Chipper as a new trading participant or a stockbroker on [...]
