Browsing: Business

Africa has embraced digital finance at remarkable speed, but millions remain locked out of formal banking. A new Standard Bank report reveals why mobile money alone cannot bridge the continent’s financial divide—and why the next revolution is about opportunity, not technology.

Uganda’s latest Shs990 billion Treasury bond sale is about far more than raising money. It offers a glimpse into how the government plans to finance development, manage debt and attract investors while balancing the long-term costs that future taxpayers will ultimately bear.

Uganda is using cultural diplomacy and tourism marketing in Qatar to showcase Northern Uganda’s rich heritage, landscapes and investment potential. The campaign reflects a broader strategy to diversify tourism beyond wildlife, attract Gulf visitors and spread economic opportunities to regions that have long remained outside the country’s main tourism circuit.

Uganda’s economy expanded by 5.8 percent in the third quarter of 2025/26, driven by strong performance in services, construction, manufacturing and coffee production. But beneath the positive headline lies a more complex reality: household spending is falling, growth is slowing from the previous quarter and many families are yet to feel the benefits of the country’s economic expansion. The latest GDP figures reveal both progress and pressure—and raise important questions about who is benefiting from growth.

Uganda’s latest budget projects rapid economic growth, rising revenues and major investments in infrastructure, agriculture and technology. But beyond the impressive figures lies a more pressing question: will these gains translate into better jobs, higher incomes and improved living standards for ordinary Ugandans? This analysis explores what the numbers really mean and whether the government’s vision of prosperity can become a reality.

The Bank of Uganda’s new cash withdrawal caps are about more than limiting access to money. They represent a deliberate push to move high-value transactions into traceable digital channels, promising greater transparency while raising difficult questions about whether Uganda’s cash-dependent economy is ready for the transition.

A June 4 Ministry of Finance statement suggests Uganda’s biggest development challenge is shifting from resource mobilisation to execution. As government targets corruption, procurement inefficiencies, project delays, and spending leakages, the focus is increasingly turning to a simple but critical question: what happens to public money after it is allocated?

China’s decision to grant continent-wide access for African coffee exports could open a new chapter for Uganda’s most important agricultural export. For millions of farmers, traders, and workers whose livelihoods depend on coffee, the move offers more than access to a new market—it represents the possibility of higher demand, stronger incomes, and a chance to reduce reliance on traditional buyers in Europe.

Uganda’s economic recovery is facing mounting pressure from rising global fuel prices, debt burdens, and geopolitical instability, according to a new World Bank report. The analysis warns that conflict in the Middle East could quickly spill into everyday life for Ugandans through higher transport costs, inflation, and growing pressure on already stretched household budgets.

Salaam Group has launched construction of a $160 million fuel and logistics terminal in Djibouti, a strategic investment aimed at strengthening East Africa’s energy supply chains and trade routes.