Business

Sheikh Mustafah Muyingo has urged Muslims to make Quran recitation and study part of their daily lives, warning that neglecting the holy book deprives believers of its guidance, spiritual benefits and rewards.

The Court of Appeal has ordered Mukesh Shukla, proprietor of Shumuk Aluminium Industries Limited, to deposit Shs 4.8 billion and $36,870.02 within 30 days as security for an outstanding debt owed to Bank of Baroda (Uganda) Limited. In a ruling delivered by a single judge, justice Esta Nambayo, the court granted a conditional stay of […] The post Court orders businessman Shukla to deposit Shs 5bn in Bank of Baroda deb

The shilling fell to another record low against the dollar on Friday, with market data putting the close at Shs4,405.75, a day after the Bank of Uganda returned to the foreign-exchange market. The dollar had closed at Shs4,229.29 on Thursday on the same series. It traded between Shs4,282.76 and Shs4,405.75 on Friday. The bank told commercial banks on Thursday that it was on the selling side of the foreign-exchange ma

President Yoweri Kaguta Museveni has urged European investors to expand their investments in Uganda’s manufacturing, energy, agriculture and infrastructure sectors, saying productive investment is essential for creating jobs, expanding markets and accelerating economic transformation. The President made the call at State House Entebbe during a meeting with European Union ambassadors and investors, where he highlighte

Karole Kasita says her working relationship with Cindy Sanyu will not stop her from collaborating with Sheebah Karungi, despite the long-running rivalry between the two female music stars. Kasita, who teamed up with Cindy on Mwoto, recently joined Sheebah on Bukutu, prompting questions about how she navigates her relationships with two artistes often viewed as […] The post Karole Kasita refuses to choose sides betwee

Uganda has ordered stricter Ebola screening at border crossings with the Democratic Republic of Congo (DRC) and the enforcement of standard operating procedures in public places and border communities as the neighbouring country battles an outbreak. Speaking at a meeting in Mpondwe, Kasese district, on Thursday, Health ministry permanent secretary Dr Diana Atwine criticised immigration […] The post Atwine orders stri

Kampala’s end-of-month social calendar is set for a dose of Nigerian hip-hop nostalgia as Ice Prince Zamani heads to Uganda for his first performance in the country at the next edition of The Big Meeting, curated by The Singleton whisky at Thrones. The Nigerian rapper, whose catalogue helped soundtrack the rise of Nigerian music across […] The post Ice Prince to make Ugandan debut first appeared on Sqoop - Get Uganda

How AYA Investment Ltd.’s Contribution to Uganda’s Tourism Sector, Reflects Hamid’s commitment to investment and business development PML Daily

Uganda lacks people of integrity to drive transformation - BoU deputy governor Daily Monitor

The Bank of Uganda will receive European Investment Bank support to help put its climate-risk rules into banking practice, with Housing Finance Bank named as the first lender to receive technical assistance. EIB Global, the European Investment Bank’s development arm, and the central bank signed their cooperation agreement on 21 October. The work will cover a roadmap for greening the financial sector, climate-risk dis

Kenya Secures China Market for Dried Chilli Exports ChimpReports

High logistics costs, fragmented rules stifle Uganda's digital trade ambitions Daily Monitor

Kampala, Uganda | URN | Uganda needs about US$28.1 billion (approximately Shs118.22 trillion) in climate-action financing by 2030, as the Bank of Uganda (BoU) partners with the European Investment Bank (EIB) to strengthen the financial sector’s ability to manage climate-related risks and attract investment. The cooperation agreement, signed on Wednesday at Kampala Serena Hotel, will … The post Uganda needs Shs118 tri

A pioneer of Uganda’s securities market and a champion of financial sector reform, Obel leaves a legacy on the country’s financial institutions and economic thought OBITUARY | IAN KATUSIIME | Geoffrey Onegi Obel leaves behind a lasting legacy in Uganda’s financial sector, where he helped lay the foundations of the country’s capital markets, … The post Remembering Onegi Obel, a giant of Uganda’s financial sector appea

MTN ordered to pay Shs300m over Ezee Money business sabotage Daily Monitor

Mao pledges to push govt to roll out national health insurance scheme Daily Monitor

Over 30 Businesses Explore Australian Market Partnerships Brisbane, Australia | NEWS CORRESPONDENT | More than 30 tourism businesses gathered at the Brisbane Convention Centre this week as Ugandan tourism institutions and tour operators held business-to-business meetings with Australian travel companies, presenting Uganda’s attractions and exploring commercial partnerships aimed at growing the East African … The post

BLOG: The shilling Will Not be Saved by the Central Bank alone ChimpReports

Bakers ask for tax relief on imported machinery, raw materials Daily Monitor

By Atwemereireho Alex alexatweme@gmail.com Uganda’s music industry has a geography problem: talent is national, but recognition, investment and commercial opportunities have historically clustered around established entertainment centres. For artists from western Uganda, the challenge is not merely to make good music; it is to persuade an industry accustomed to familiar linguistic markets that Runyankole can […] The

Fort Portal, Uganda | URN | The government is to provide an extra 80 billion shillings to support women-owned businesses through non-repayable grants. Mary Kamuli Kuteesa, the State Minister for Gender and Culture, said the government is introducing the Business Plan Competition Grants to enable women entrepreneurs to access capital without the burden of loan … The post Women to access 80 billion in GROW business gra

Your next business deal might not happen in the boardroom Daily Monitor