Tag Archives: ECONOMY

For decades, Karamoja was known more for insecuri- ty and isolation than for investment. Roads were sparse, tourism potential remained largely untapped, and many investors looked elsewhere. Now, the government is betting that a new international airport could help rewrite that story. On Monday, President Yoweri Kaguta Museveni officially launched construction works for the Kidepo International Airport in Karenga District, …

By Mulengera Reporters As Uganda prepares for the start of commercial oil production and a new wave of investment-led growth, Equity Bank Uganda has expanded its balance sheet to UGX 3.8 trillion, positioning itself to support businesses and households expected to drive the country’s next phase of economic transformation. The lender recorded strong growth in the first quarter of 2026, …

The government spent at least Shs 1.508 trillion on general elections this year – with the Electoral Commission accounting for Shs 1.147 trillion of the expenditure as of April this year.This is part of close to Shs 1.7 trillion total that was released by the ministry of Finance, Planning and Economic Development to all the ministries, departments and agencies (MDAs) …

Oil and gas stakeholders have been urged to deliberately transform skills developed in the petroleum sector into a foundation for broader national industrial growth and economic transformation. As Uganda’s oil and gas industry moves closer to the production phase, questions have continued to emerge over why the country is still investing heavily in skilling Ugandans in petroleum-related disciplines. In 2014, …

Museveni commissions a factory recently In 1962, Uganda got its independence. The country reclaimed political power from colonial rule. However, more than 60 years later, the shadow of economic dependence still hangs heavily over the nation. Uganda remains politically independent while large sections of its economy continue to be controlled by external forces. At independence, Uganda’s economy worked. Coffee, cotton, …

Despite legal advances, LGBT+ people face severe discrimination in Sierra Leone Freetown, the capital of Sierra Leone (Photo by George R. Freeman Browne) Sierra Leone, a small English-speaking country in West Africa, is rarely discussed amid a deepening crisis for LGBT+ rights among its neighbors, but the legal and economic realities for its queer citizens remain fraught. George Reginald Freeman …

Despite legal advances, LGBT+ people face severe discrimination in Sierra Leone Freetown, the capital of Sierra Leone (Photo by George R. Freeman Browne)Sierra Leone, a small English-speaking country in West Africa, is rarely discussed amid a deepening crisis for LGBT+ rights among its neighbors, but the legal and economic realities for its queer citizens remain fraught.George Reginald Freeman Browne, the …

Viewers: 90,000 By Spy Uganda What is billed as a shield for Uganda’s sovereignty may instead rattle its economic foundations, Bank of Uganda Governor Michael Atingi-Ego and Deputy Governor Augustus Niwagaba warned, citing risks of capital flight, reserve depletion, and rising debt costs. The bill, tabled on April 15 by State Minister for Internal Affairs Gen. David Muhoozi, seeks …

By Amiri Wabusimba. On a modest veranda in Mubende District, a row of glass jars sits quietly beneath pieces of cotton cloth. Inside them, tea, sugar and a living culture are transforming into kombucha, a fermented drink that has travelled from ancient Asian traditions to modern global wellness markets. At first glance, the jars appear to represent a small entrepreneurial experiment, …

By Benoni Okwenje Uganda’s economic transformation over the last three decades has not been accidental. It has been driven by deliberate policy choices: market liberalization, exchange rate flexibility, and openness to capital flows. As Uganda advances toward middle-income status supported by oil production, regional integration, and financial sector deepening, the case for maintaining and strengthening these pillars is compelling. The …