Economy
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Reducing Poverty and Inequality in Africa
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Kenya and Uganda have seen a 37% rise in cross-border tourism, driven by national ID-based travel and joint campaigns like “From the Bush to the Beach.” The initiative has boosted visitor numbers and strengthened regional ties, showcasing East Africa’s growing tourism potential.
Tooro Kingdom holds vast economic potential in agriculture, tourism, and minerals, but much of it remains underutilized. A recent call to action urges stronger infrastructure, value addition, and cooperative investment to drive inclusive wealth creation in the region.
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.
Centenary Bank has been recognized at the 2025 Brand Africa Awards as the Most Admired Ugandan Bank and the Ugandan Bank Doing Good in the Community. The honors celebrate the bank’s commitment to customer-focused banking, social responsibility, and impactful initiatives in education, healthcare, and environmental sustainability across Uganda.
Kenyan consumers are facing rising sugar prices as deliveries from local millers decline due to poor harvests and supply chain challenges. Retailers and manufacturers are already feeling the pinch, and prices are expected to climb further in the coming weeks. Government and industry stakeholders are under pressure to stabilize the market and ensure steady sugar availability.
The South African rand stayed steady as traders awaited key economic data, including inflation and retail sales figures. Global markets also watched U.S. inflation reports, which could influence currency movements and investor sentiment.
