Just In: Uganda Coffee Exports to Turkey soar by 2,200%
The Uganda Coffee Industry has made a significant breakthrough in the Turkish market, with exports increasing by a remarkable 2,200% between 2019 and 2024. From a modest 2000 bags (120…
Bank of Uganda Revokes Licence of Mercantile Credit Bank
The Deputy Governor of the Bank of Uganda announced the revocation of the license of Mercantile Credit Bank Limited, which has also been placed under liquidation, and made an order…
Empowering Youth to Overcome Poverty: A Path to Prosperity
In every corner of the globe, youth are brimming with potential, yet many find themselves trapped in the cycle of poverty. However, there’s hope. By empowering youth with the right…
Trade Minister Backs UNBS to Protect Ugandan Consumers
Gen. Wilson Mbasu Mbadi, Minister of State for Trade, has reaffirmed his commitment to bolster UNBS activities aimed at facilitating trade, enhancing Uganda’s product competitiveness, and safeguarding consumers against substandard…
Govt starts oil palm growing in Busoga after 13 years of waiting
The government, through the National Oil Palm Project (NOPP), has officially commenced planting oil palm crops in the Busoga sub-region. The project, introduced in the area thirteen years ago, finally…
Bank of Uganda Raises Rates to 10.25% to Tackle Inflation
The Bank of Uganda Monetary Policy Committee (MPC) has taken decisive action to address inflationary pressures by announcing an increase in the Central Bank Rate (CBR) to 10.25%. This move…
Uganda develops anti-tick vaccines to boost dairy and beef industry
Scientists in Uganda have developed two anti-tick vaccines whose trials have been successful and are now awaiting final approval from regulatory authorities, an official said Thursday, March 28, 2024. According…
Ugandan Coffee Farmers urged to utilise UCDA Services
Kanungu District Chairman for Production, Marketing, and Commercial Services Joshua Rukundo has urged the coffee farmers to utilize the services of the Uganda Coffee Development Authority in order to produce…
Equity Bank named World’s 2nd, Africa’s strongest banking brand
Kenya’s Equity Bank, whose value rose from $22 million to $450 million, is the world’s second and Africa’s strongest banking brand, according to the 2024 Brand Finance’s Brand Strength and…
Anne Juuko to head Stanbic’s Global Marktets in East Africa
The Standard Bank Group has appointed Stanbic Bank Uganda chief executive Anne Juuko to a new leadership role as Global Markets Regional Head, East Africa. The appointment is effective April…
