Ojangole announces the latest Fitch assessment during a news conference during mid-week at the UDBL headquarters in Kampala
Business, Companies, Finance, Financial Services, Investment, Policy

Uganda lender UDB allowed to retain 2018 profits

May 2

The finance ministry has allowed patient lender Uganda Development Bank UDB, to plough the UGX 9.49bn […]

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Business, Companies, Investment, Markets

NIC sounds profit warning

April 28

Listed underwriter NIC Holdings Limited has issued an advisory to stockholders warning of a negative balance […]

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Business, Companies, Energy, Hydrocarbons, Investment

Oil majors consider holding off FID until after 2021 elections

April 27

Anxious about the trajectory the country’s politics is taking, oil majors Total E&P and Chinese counterpart […]

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Business, Companies, Energy, Hydrocarbons, Investment

Tullow Oil says close to tax deal with Uganda government

April 26

April 26—London-based Tullow Oil told shareholders on Thursday, a Final Investment Decision (FID) on a joint […]

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Business, Finance, Financial Services, Foreign News, Investment

Kenyan fintechs take bulk of $1 billion invested in African start-ups

April 24

April 24–Kenyans took the lion’s share of the over $1 billion that went into African start-ups […]

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Business, Finance, Infrastructure, Investment, Transport

Chinese financing decision for Uganda railway may come within days

April 24

April 24—The Uganda government will know by this weekend whether China is lending the bulk of […]

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Business, Companies, Investment, Land & Agriculture, Policy

Government shelves $5m Israeli venture to grow medical marijuana

April 18

April 18—After some soul-searching, the government has temporarily scuttled an Israeli company bid, to grow medicinal […]

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Business, Investment, Policy

Incoming investment authority seven-member board unveiled

April 17

April 17—Evelyn Anite, the junior finance minister for investment, officially unveiled the new board of the […]

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Business, Investment, Land & Agriculture, Markets, Policy

Vietnam agrees to give Uganda’s coffee sector renewed push

April 15

April 15—Last month, Uganda was in talks with Vietnam, the country that overtook it in the […]

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Business, Finance, Financial Services, Investment, Policy, Trade & Industry

Uganda relaxes terms for women groups to access $155m credit

April 10

April 10—The government wants to ease the conditions in which recognised women groups across Uganda can […]

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