economy

economy

Olive Lumonya Appointed New Nile Breweries Board Chairperson

Olive Lumonya Appointed New Nile Breweries Board Chairperson

Africa-Press - Uganda. Nile Breweries Limited (NBL) has announced the appointment of Ms. Olive Birungi Lumonya as Chairperson of the Board of...
Public Debt Rises to Shs116Tn but Govt Says it's Sustainable

Public Debt Rises to Shs116Tn but Govt Says it’s Sustainable

Africa-Press - Uganda. Uganda’s total public debt rose sharply in the Financial Year 2024/25, increasing to $32.24 billion (about Shs115,895.1 billion), up...
Pearl Bank Partners with World Vision to Restore Water Access

Pearl Bank Partners with World Vision to Restore Water Access

Africa-Press - Uganda. Pearl Bank, World Vision Uganda, and Vision Fund International announced a landmark partnership to rehabilitate water infrastructure across Kamwenge...
Museveni Meets MTN Uganda, Highlights Telecoms' Impact

Museveni Meets MTN Uganda, Highlights Telecoms’ Impact

Africa-Press - Uganda. President Museveni has met the leadership of MTN Uganda at State House Entebbe to discuss the role of telecommunications...
Uganda Gold Exports Surge to $6.4 Billion

Uganda Gold Exports Surge to $6.4 Billion

Africa-Press - Uganda. Uganda’s gold exports have surged from $1.26 billion in 2019 to $6.4 billion in 2025, marking a more than...
Stanbic Appoints Joshua Oigara CEO as Mweheire Retires

Stanbic Appoints Joshua Oigara CEO as Mweheire Retires

Africa-Press - Uganda. Stanbic Holdings Plc has appointed Joshua Oigara as its new Chief Executive Officer, effective March 1, 2026, succeeding Patrick...
Govt Appoints New Group for Oil and Gas Transparency

Govt Appoints New Group for Oil and Gas Transparency

Africa-Press - Uganda. The government has appointed a new Multi-Stakeholder Group (MSG) to oversee the implementation of the Extractive Industries Transparency Initiative...
Uganda’S Informal Sector Swells to 54.5% of GDP

Uganda’S Informal Sector Swells to 54.5% of GDP

Africa-Press - Uganda. A new government report has revealed a significant expansion of Uganda’s informal economy, which now accounts for 54.5% of...
Uganda Among World’S Fastest-Growing Economies

Uganda Among World’S Fastest-Growing Economies

Africa-Press - Uganda. Uganda is now ranked among the world’s fastest-growing economies, buoyed by resilient macroeconomic performance and rising private sector activity,...
Government Celebrates Private Sector and Informal Economy

Government Celebrates Private Sector and Informal Economy

Africa-Press - Uganda. Government officials on Thursday defended gains made in strengthening Uganda’s private sector but warned that the country’s expanding informal...