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Sunday, October 4, 20261:09 am (Nairobi/Kampala)

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Ugandan President Yoweri Museveni, Irene Muloni, minister for energy and minerals development (right), AGR Business Development Manager Alphonse Katerebe (centre) and two unidentified people stand near gold flakes and ingots at the African Gold Refinery in Entebbe on 20 February 2017. Alain Goetz, the Belgian owner of the refinery, stands next to Mr Museveni, and is partially obscured from view. The refinery was officially launched on 20 February 2017, and is Uganda's first official gold refinery. Uganda's locally mined gold is negligible, but the country is a transit point for gold exports from the neighbouring Democratic Republic of Congo, which has large reserves, and Tanzania, one of Africa's largest gold producers.

Thaba Investments

Nearly half of Uganda’s gold exports come from firm Bloomberg links to sanctioned network

Bloomberg says Thaba, behind nearly half of Uganda’s gold exports, shares suppliers with a sanctioned refinery, a claim Thaba and Alain Goetz deny

Cost cuts more than halve New Vision’s loss, but revenue hits a ten-year low

New Vision posted a fourth straight annual loss of Shs4bn in the year to June 2026, though lower direct costs lifted gross profit to Shs19.9bn from Shs8bn

Africa needs both its Dangotes and its Musks

Aliko Dangote’s refinery and Elon Musk’s Starlink show Africa’s choice between factories and technology is a false one, but both need government support

Jute bags containing coffee beans in a café storage area

Firmer prices cushion fall in Uganda’s August coffee exports

Uganda’s coffee exports fell 13.6 per cent in August as the ICO pointed to a record 2024/25 base and the agriculture minister to drought in growing areas

Vegetables and fruit on a stall at Mercat de la Boqueria, Barcelona.

Food and fuel push Uganda’s inflation to its highest since 2023

Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics

Economy grows 6.6% despite quarterly slowdown

Bank of Baroda posts its strongest first-half profit since at least 2018

Orange Bank of Baroda Uganda sign above the entrance to its Arua branch.

Financing, not discovery, is Uganda’s real mining challenge

John Tumwine of Stanbic Bank Uganda speaking at a podium at the launch of the Mineral Wealth Conference

Rubondo’s PAU exit closes with a delayed send-off

Ernest Rubondo cuts a three-tier cake reading "Thank You For Your Service" on a stage lit for "A Legacy of Leadership," surrounded by applauding guests including a woman in a blue jacket.

Quality Chemical adds influenza drug to malaria, HIV portfolio

The pharmaceutical manufacturing plant of Quality Chemical Industries Ltd in Luzira, Kampala. The company manufactures and sells antiretroviral medicines for HIV/AIDS, artemisinin-based combination therapies for malaria and hepatitis B medicines using technology from Cipla Limited.

Rich in minerals, poor in processing: Africa’s green-energy dilemma

Two excavators at a mine

Kampala Storage Terminal

Ticking bomb in Mpigi: a 320-million-litre oil terminal beside an open-air landfill

A $310mn petroleum terminal meant to bolster Uganda’s fuel security rises in Mpigi beside an open-air landfill mired in legal dispute

A group including President Museveni pulls back a yellow ribbon to reveal the Kampala Storage Terminal foundation plaque, with a soldier and officials looking on.

Uganda pitches $1.2bn pipeline as first entry in US Trade Over Aid library

A $1.2bn pipeline of Ugandan tourism, coffee and infrastructure projects awaits US financing approval and government confirmation

Ambassador Dan Negrea speaks at a lectern in front of a large screen showing the Roosevelt Africa Trail listing on the US State Department's Trade Over Aid Deals Library website, with a deal value of $1,200,000,000 for Uganda

Energy minister replaces Uganda National Mining Company’s board chair and deputy

Infighting, nepotism weigh on Uganda National Mining Company

Spiro secures $18mn in new debt to expand in Uganda and Rwanda

NSSF pays a record 22.53%, partly from gains it has not banked

Five men in dark suits stand on a stage at NSSF's annual members' meeting. Finance minister Henry Musasizi, second from left, shakes hands with a man on the far left, beside gender minister Henry Tumukunde, centre, and NSSF managing director Patrick Ayota, far right. The figure 22.53 is displayed on a large screen behind them.

Uganda joins Trump administration’s Trade over Aid talks in New York

Aerial view of a cargo ship

Editor’s Picks

National Social Security Fund

NSSF pays a record 22.53%, partly from gains it has not banked

NSSF’s record payout nearly doubles last year’s, and we explain where the Shs5.44tn came from and what it means for next year

Five men in dark suits stand on a stage at NSSF's annual members' meeting. Finance minister Henry Musasizi, second from left, shakes hands with a man on the far left, beside gender minister Henry Tumukunde, centre, and NSSF managing director Patrick Ayota, far right. The figure 22.53 is displayed on a large screen behind them.

A high-angle view of a crowded Namirembe Road in downtown Kampala, featuring a dense flow of pedestrians, commuters, and vehicles amidst commercial buildings and advertising billboards.

Uganda among world’s most polluted countries as air quality worsens

A man in a checked shirt harvests yellow coffee cherries from a coffee plant in Uganda.

UN-backed Shs3.7bn initiative targets Uganda’s coffee seed system overhaul

Most read

Bank of Baroda posts its strongest first-half profit since at least 2018

Uganda pitches $1.2bn pipeline as first entry in US Trade Over Aid library

Food and fuel push Uganda’s inflation to its highest since 2023

Rich in minerals, poor in processing: Africa’s green-energy dilemma

Infighting, nepotism weigh on Uganda National Mining Company

Markets

Cost cuts more than halve New Vision’s loss, but revenue hits a ten-year low

New Vision posted a fourth straight annual loss of Shs4bn in the year to June 2026, though lower direct costs lifted gross profit to Shs19.9bn from Shs8bn

Copies of Uganda's leading English-language dailies, the New Vision and the Daily Monitor, on a newsstand in June 2020

Orange Bank of Baroda Uganda sign above the entrance to its Arua branch.

Bank of Baroda posts its strongest first-half profit since at least 2018

Five men in dark suits stand on a stage at NSSF's annual members' meeting. Finance minister Henry Musasizi, second from left, shakes hands with a man on the far left, beside gender minister Henry Tumukunde, centre, and NSSF managing director Patrick Ayota, far right. The figure 22.53 is displayed on a large screen behind them.

National Social Security Fund

NSSF pays a record 22.53%, partly from gains it has not banked

Seven people in dark suits seated at a long table draped in white cloth, with "Director" name plates, in front of a screen showing NIC Holdings' 25th AGM branding and a slide of the shareholder vote to reappoint BDO East Africa as auditors.

NIC Holdings Limited

NIC’s loss narrows as its insurance business shrinks

Patrick Ayota, NSSF managing director, gesturing while speaking at a lectern, with a screen behind him reading "The Fund Performance FY25/26"

Will NSSF’s Ayota finally upstage Byarugaba?

Patrick Ayota, NSSF managing director, gesturing while speaking at a lectern, with a screen behind him reading "The Fund Performance FY25/26"

National Social Security Fund

NSSF’s record year is smaller than it looks

Baked clay construction materials at Uganda Clays factory in Kamonkoli, Budaka District

Uganda Clays swings to profit on improved efficiency despite rising finance costs

Politics

Global migration

Third-country deportations expose democratic costs of Africa’s deals with the US

Anti-immigration demonstrators, wearing traditional Zulu attire, gather to stage a protest in Johannesburg, South Africa on 29 April, 2026. Participants voiced opposition to irregular migration during the demonstration.

African migration

Xenophobic sentiment in South Africa reaches highest level in two decades

A brightly lit, modern exhibition stall for Uganda at the 138th Canton Fair. The stall features the national flag and the "Explore Uganda" branding, alongside large posters of gorillas and elephants. A diverse crowd of business professionals and visitors are gathered around the counters, discussing trade opportunities in agriculture, coffee, and tourism.

Geopolitics hastens China’s Hunan-led shift in Africa trade and investment

A US Coast Guard cutter sails alongside a sleek, smaller unmanned surface vessel in open blue water, with a large commercial tanker visible on the horizon.

US blockade of Iran ports deepens global oil uncertainty after Hormuz standoff

Economy

Ticking bomb in Mpigi: a 320-million-litre oil terminal beside an open-air landfill

A $310mn petroleum terminal meant to bolster Uganda’s fuel security rises in Mpigi beside an open-air landfill mired in legal dispute

A group including President Museveni pulls back a yellow ribbon to reveal the Kampala Storage Terminal foundation plaque, with a soldier and officials looking on.

Uganda’s oil company ditches equity partner for its biggest terminal yet

East Africa’s pipeline politics repeat themselves in the refinery race

Robusta shortfall drags down Uganda’s July coffee exports

Bright red coffee cherries growing in dense clusters along the brown branches of a coffee tree, framed by glossy green leaves.

Fuel prices push inflation higher in May

Several white fuel tankers bearing "Danger Petrol" signs parked on a dirt lot at a storage depot in Jinja, Uganda, under a blue sky.

Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text

The oil and chemical tanker Petrel Pacific moored at a terminal during twilight, discharging ballast water.

Travel & Tourism

Uganda Airlines

Uganda Airlines faces potential disruption as Airbus orders software fix for A320 jets

Airbus has ordered an immediate software update for about 6,000 of its A320 family aircraft — roughly half of the global fleet — after discovering that intense solar radiation can corrupt critical flight control data

Uganda Airlines Airbus A330 aircraft on the runway at Entebbe International Airport.

A performance stage at the Nyege Nyege festival in Bujagali, Jinja, October 2015

Nyege Nyege keeps on dancing, too fast for the moral police — and terrorists(?)

A passenger airplane packed at an airport

Uganda Airlines cancels all flights as government halts air travel

Ground support equipment at Entebbe International Airport

Uganda Airlines cancels some flights amid coronavirus outbreak

Weathered stone steps framed by lush tropical vegetation and vine-draped trees leading toward a sunlit opening in Entebbe Botanic Gardens.

How the colonial past of botanical gardens can be put to good use

Ground support equipment at Entebbe International Airport

Uganda Airlines to launch in 2019 with flights to 19 destinations

Local links across Africa provide key clues to fighting the illegal ivory trade

Uganda Business News

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