Trade deficit narrows on higher gold exports
Increase in gold exports in July allowed outbound merchandise to outpace a gain in goods imports
Uganda Business News
Heatwaves, droughts, and neglected diseases – climate change’s toll on Africa
As global warming intensifies in Africa, the region faces mounting risks, from heightened migration pressures to the increased threat of infectious diseases.
Saudi Fund for Development signs $30m development loan agreement to construct and equip Uganda Heart Institute
The Uganda Heart Institute Project is expected to decrease the number of Ugandans leaving the country to receive cardiovascular treatment
Loan growth weak in July
Loan growth at commercial banks was muted in July, underscoring the central bank’s decision to ease monetary policy last month as it tries to boost economic growth
Stanbic Uganda Holdings: Book closure and interim dividend payment
The Board of Stanbic Uganda Holdings Ltd approved and hereby declares a dividend of UGX 2.44 per share to be paid in respect of the interim dividend for the year 2023
COP28 presidency announces $4.5bn UAE finance initiative to unlock Africa’s clean energy potential
The landmark initiative unlocks vital capital from several UAE institutions, notably from Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), Masdar, and AMEA Power
How Prigozhin’s demise is redefining security in Africa
Yevgeny Prigozhin’s death will have far-reaching implications for Africa, where his Wagner Group has established a significant presence
Growth in business activity slowed in August, Stanbic PMI shows
Stanbic Bank Uganda’s purchasing managers’ index receded for the third straight month in August as rising financial pressures stifled demand
How to close Africa’s climate finance gap
Without urgent reforms, African nations won’t raise the $2.8 trillion needed by 2030 to meet Paris Agreement emissions targets
IFAD and Stanbic Bank partner to halve remittance costs to Uganda
IFAD and Stanbic Bank are collaborating to enhance digital remittances in rural Uganda by integrating remittance service providers and payment hubs into Stanbic’s FlexiPay platform