Browsing: Business

The March 2025 CIRIUM On-Time Performance report reveals a sharp rise in punctuality among global airlines, with Saudia and Royal Jordanian leading the pack. As the industry redefines reliability in a post-pandemic world, on-time performance is proving to be more than just a number—it’s a powerful strategic asset. This edition also marks a methodological shift, retiring the LCC category and introducing “Most Improved OTP” to spotlight long-term progress.

Uganda’s construction inflation climbed to 5.6% in January 2025, pointing to higher housing costs and economic pressures. Here’s what it means for Ugandans—and what rising food, education, and transport prices reveal about the broader economy.

A record 3,028 billionaires now control $16.1 trillion in wealth. Forbes’ 2025 Billionaires List reveals where the world’s richest are investing—from tech and finance to fashion and green energy. This deep-dive analysis uncovers the trends, industries, and strategies reshaping global wealth creation—and where the next fortunes are likely to emerge.

A new EPRC study reveals a widening digital divide in Uganda’s labour market, with sectors like agriculture, mining, and informal retail lagging far behind in digital transformation. While ICT and finance sectors reap the benefits of digital growth, over 70% of Ugandans remain locked in low-tech jobs, limiting wages, productivity, and inclusion. Experts warn that unless rural and informal workers are digitally empowered, Uganda risks widening inequality and missing its development goals.

A new EPRC study reveals Uganda’s digital economy is booming in ICT, finance, education, and professional services—but the benefits remain largely urban. With sectors like agriculture and mining lagging far behind in digital integration, the country faces a stark divide in job quality, wages, and opportunity. Can targeted investments and inclusive policy reforms bridge the gap?

In Kampala’s bustling markets, vendors are swapping paper ledgers for smartphones, thanks to a groundbreaking digital skills program. With mobile money, inventory apps, and online marketing, traders like Jane Nakitto are transforming their businesses. “Now my phone tells me what sells best,” she says. The program, a collaboration between the Ministry of ICT, MTN Uganda, and Huawei, is empowering 851 vendors to embrace the digital economy—one transaction at a time.

Uganda’s hospitality industry may be booming, but for the workers behind the scenes, it’s a different story. A new Decent Work Assessment by the Economic Policy Research Centre (EPRC), funded by Enabel Uganda, reveals alarming conditions: wages as low as 31% of a living wage, forced overtime, unsafe working environments, and job insecurity. Many employees work 14-hour shifts without overtime pay, suffer delayed salaries, and endure favoritism in promotions. Without urgent reforms, the industry risks thriving at the cost of its workers’ dignity and well-being.

As many schools in Uganda struggle with financial challenges, from teacher salary arrears to urgent repairs, KCB Bank Uganda has stepped in with a lifeline for educational institutions. The Unsecured School Bridge Loan offers schools between UGX 5 million and UGX 500 million with no collateral required, providing much-needed relief for operational and capital expenses. Loan approvals are processed within 48 hours, with flexible repayment plans aligned to school fee collection cycles. Could this be the solution to keeping schools running and students learning?

Uganda’s economy is on the rise, with 6.1% GDP growth in FY2023/24 and inflation dropping to 3.2%, according to the World Bank’s 24th Economic Update. The country’s oil production, set to begin in FY2025/26, is expected to drive GDP growth to 10.8%, generating $3.3 billion annually by 2030. However, Uganda faces critical fiscal and trade challenges, including a 7.9% current account deficit, declining foreign reserves, and risks associated with oil revenue management. Will Uganda’s economic policies steer the nation toward sustainable growth, or will external financial pressures derail progress?

Uganda’s economy grew by 6.1% in FY2023/24, driven by strong industrial and service sector performance, while inflation fell to 3.2%. However, challenges remain, including a 7.9% current account deficit, declining foreign exchange reserves, and fiscal discipline concerns. With oil production set to begin in 2025/26, Uganda faces a critical moment to strengthen its economic policies and sustain long-term growth.