business

Uganda's leaders have expressed confidence in achieving First Oil after inspecting the nearly completed Kingfisher oil development project in Kikuube District.

Uganda is pioneering a new approach that seeks to ensure climate resilience investments improve sovereign credit assessments and reduce the cost of borrowing.

President Museveni witnessed the signing of an agreement between Uganda Airlines and Boeing for the acquisition of 10 new passenger and cargo aircraft aimed at boosting trade, tourism and regional connectivity.

Uganda has ranked 24th globally in the 2026 Global Outsourcing Talent Index, strengthening its position as a leading outsourcing destination in Africa.

UIA has trained over 20 traders in leather shoe manufacturing to boost local production, create jobs and reduce Uganda’s reliance on imported footwear.

Kampala's luxury tourism sector is set for a massive boost as the government backs local tycoon Ponsiano Ngabirano's new five-star Kampala Marriott Hotel twin towers in Nsambya to attract high-spending international travelers.

The Kampala Industrial and Business Park, commonly known as Namanve Industrial Park, is Uganda’s largest industrial park. Established in 1991, the park sits on approximately 2,209 acres (about 8.9 square miles) along the Kampala–Jinja Highway and serves as a key driver of Uganda’s industrial transformation strategy.

The Bank of Uganda has introduced strict over-the-counter cash withdrawal limits effective January 1, 2027. Under the new digital payment strategy, individuals are capped at UGX 50 million daily, while corporate accounts face a UGX 250 million daily limit to encourage electronic banking.

Uganda's economy has defied conventional election-year anxieties, maintaining a stable macro-environment with GDP growth projected at 6.6 percent. According to a Finance Ministry update by PSST Dr. Ramathan Ggoobi, strong export performance, tourism, and foreign investment have kept the country on track to reach its long-term development targets.