Economy
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Reducing Poverty and Inequality in Africa
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Retired General Ivan Koreta has been appointed Chairperson of the Uganda Industrial Research Institute (UIRI) Board, ending an eight-year governance gap. His leadership, alongside a newly sworn-in board, is expected to strengthen oversight, restore credibility, and steer UIRI toward advancing Uganda’s industrialization agenda.
Equity Bank’s TUPANGE Business Forum made its first regional stop in Mbale, inspiring over 500 entrepreneurs with practical insights on financing, collaboration, and digital tools for growth. The event highlighted the critical role of SMEs in Uganda’s economy and showcased how value chain partnerships and tailored financial support can turn small ventures into sustainable success stories.
Nedbank Group Ltd. has reached an agreement to sell its 21.2% stake in Ecobank Transnational Inc. for $100 million to Bosquet Investments, a company controlled by Alain Nkontchou, former chairman of Ecobank.
Uganda is preparing to receive substantial oil revenues by 2027, but experts warn that weak governance, low domestic revenue mobilisation, and poor planning could jeopardize the benefits. Without clear policies and transparent management, the windfall risks being misused rather than driving sustainable development.
Tanzania and Burundi have launched a $2.15 billion Standard Gauge Railway to connect Uvinza to Musongati, unlocking faster trade access to the Port of Dar es Salaam. The project promises to revolutionize regional transport, boost mineral exports, and deepen East African integration.
President Museveni has directed the Agriculture Ministry to draft regulations to modernize Uganda’s tea sector, improve quality, and stabilize international prices. He urged tea growers and processors to provide input on crop classification and pledged financial support, signaling a major push toward a more structured and profitable industry.
