Uganda Business News | Uganda Business News 23

Private sector activity expands at fastest pace in more than a year

This photograph shows four women picking tea on a plantation in Uganda. The woman furthest from the camera is leaning forward, her face visible in the frame. She is laughing and appears to be chatting with her colleague. Two of the women are carrying baskets into which they are picking the tea, while one is picking into a sack.

Uganda’s private sector activity grew at the fastest pace in 14 months in August, pointing to rising demand as the country’s economic recovery gains momentum

China benefits most from its relations with Africa: where’s the imbalance?

Chinese President Xi Jinping inspects a guard of honour during a state visit to South Africa in July 2024.

The eight Focac summits since 2000 have not resulted in mutual gain, particularly in trade and industrialisation for Africa, with China reaping most of the benefits

World Bank names new country director for Uganda, Kenya, Rwanda, and Somalia

The World Bank headquarters in Washington DC during the 2012 IMF/World Bank Spring Meetings, 16 April 2012

Qimiao Fan, a Chinese national, will oversee the design and implementation of the World Bank’s assistance programme for the four countries

Inflation falls to 3.5% in August

Ecobus Coaches from Kampala to Juba depart from the Namayiba Bus Park

Uganda’s inflation fell sharply to a four-month low of 3.5 per cent in August, the first decline in as many months and faster than expected as service prices slowed

Fitch warns mpox outbreak could dent regional economies

Various currency notes of African countries are seen in this photo

An escalation of the mpox outbreak in sub-Saharan Africa could lead to a slowdown in economic activity and financial distress for governments of the affected countries

Airtel Uganda Limited: Public Announcement

An Airtel Uganda promotional poster at a hotel in Kampala in 2023

The Board of Directors of Airtel Uganda Ltd at its meeting held on 21 August 2024 authorised the company to declare and pay an interim dividend of UGX 86 billion to shareholders for the quarter ended 30 June 2024

Dfcu profit soars 40% after bank releases loan loss reserves

Dfcu Towers at Plot 26, Kyadondo Road, Kampala

Profits at Dfcu Limited rose more than 40 per cent in the first six months, but the company, which derives most of its revenue from Dfcu Bank, reported a fall in income

The interests at the heart of Uganda’s involvement in eastern DRC

UPDF combat vehicles and soldiers cross to Burasi in the Democratic Republic of Congo using the newly installed ferry at the Haibale landing point on the Semliki River in February 2022. Presiding over the opening ceremony at the Burasi landing site in DRC, the Operation Shujja commander, Major General Kayanja Muhanga, noted that the crossing into Congo using this access route marks the beginning of the second phase of the operation. Maj. Gen. Kayanja revealed that the road from Burasi to Boga, a stretch of about 50km that was previously impassable, is being worked on jointly by both the UPDF and the FARDC (Congolese national army)."

Uganda’s ambiguous and often tumultuous relations with DR Congo have made headlines recently, with the UN last month accusing security officials of actively supporting the M23 rebel group

Coffee export revenues surge to new high

Tin of instant coffee from Uganda's Star Café Limited

Coffee exports rose in July at the fastest pace since August 2023 as revenue surged to yet another record high on strong global prices for robusta beans

Stanbic traders boost profits

Standard Bank Group's headquarters in Johannesburg

Uganda’s largest bank reported a strong increase in first-half profits despite monetary tightening, as its traders posted their best performance in three years and credit quality improved