Economic growth solid in Q4 2021
Uganda’s economy ended 2021 on a high note, its continued expansion in the fourth quarter marking four consecutive quarters of growth and a rebound in full-year growth
Uganda Business News
Inflation soars in March on rise in prices of household goods and fuel
Rising prices for household goods and services, clothing and footwear, and fuel saw inflation in March rise to the highest rate since July 2018, highlighting the impact of the ongoing war in Ukraine on global supply chains
Tax ‘nudge’ text messages could reduce evasion — especially when respondents believe their money will be put to work
Tax payment reminders sent via text message to liable individuals increased the likelihood that the respondent would comply and pay their tax, with punishment-themed messages the most effective
Growth bounces back in 2021 for Stanbic, but lending stalls
Stanbic Bank said trading gains from debt securities holdings fuelled its profits rebound last year, but a slowdown in economic activity weighed on other revenue streams
Umeme returns to revenue and profits growth
Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021
DRC is set to join the East African Community: what’s in it for everyone?
In February, East African Community ministers recommended the Democratic Republic of Congo’s admission. The decision is set to be formalised by the bloc’s presidents on 29 March
Green finance: laying ground for a low-carbon future
Climate change will have a significant impact on Uganda’s economy, which is over-reliant on natural resources. Primary sectors such as agriculture, water, energy, and fisheries are highly vulnerable
Prudential Uganda scoops three Insurance Innovation awards
Prudential Uganda won three awards at the second edition of the Insurance Innovation Awards organised by the Insurance Regulatory Authority of Uganda. They include the most innovative life insurance product, most innovative insurance agent, and the overall judges special award
The Rwanda border is open but distrust could close it again
Rwanda has now fully reopened the Gatuna border with Uganda, ending a three-year impasse. But the issue is not yet a settled matter
MTN boosted by data and mobile money
Uganda’s largest telecom company MTN Uganda reported a gain in full-year profit on the back of a jump in data revenue and moderated growth in operating expenses