Furaha, MTN MoMo School loan reaches 100,000 Ugandan children
To qualify, applicants must be Ugandan residents with a National ID, an active MTN MoMo wallet and a good borrowing and repayment history
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
Africa’s film industry has stories to tell, but struggles for audience
MTN targets festive-season growth with Kamata Christmas promotion
MTN supports 25 community projects with Shs500million
MTN Uganda Foundation has announced 25 beneficiaries of the fourth phase of its Changemakers programme, committing Shs500 million to support community-led initiatives…
EAC faces $125mn funding crisis as member states delay payments
The East African Community is facing a deepening funding crisis, with more than $125mn in unpaid contributions from member states threatening its ability to finance…
UEDCL seeks $994m to improve power supply as blackouts persist
Uganda's state-owned electricity distributor, UEDCL, says it needs $994m over the next five years to improve power supply and reduce outages, as households and…
Tanzania secures $1.2bn for railway linking regional markets
Tanzania has secured $1.2bn in commercial financing to build a new railway line linking the country's central and western regions, in a deal supported by an $800m…
MTN Uganda profit rises 21% to Shs571bn in nine months
Technology company, MTN Uganda, has reported a 21.2% increase in profit after tax to Shs 571.2 billion for the nine months to September 30, largely because it did not…
Trump to remove Rwanda and South Africa from US trade deal
US President Donald Trump has notified Congress of his intention to remove South Africa and Rwanda from a preferential trade programme, from 1 January 2027. The African…
Kampala's thirst for water
Uganda has launched a Shs694 billion (US$185 million) water and sanitation project to expand supply to more than 1 million people in Wakiso and Mpigi districts, as rapid…
FinanceOpinion
How digital convenience is rewriting the rules of banking
Uganda’s financial sector is undergoing a quiet but intense transformation. For decades, competition among banks was driven by interest rates, fees, branch networks and…
Afreximbank, APPO launch $5bn Africa Energy Bank
African financial institutions have launched a $5bn energy bank to help countries develop oil and gas resources, expand refining capacity and reduce their reliance on…
African countries face rising economic risks
The current global economic situation is confusing. On the one hand it’s characterised by inflation, and food and other critical supply shortages caused by the wars in…
MTN widens access to digital skills in Manafwa District
MTN Uganda has trained 390 young people and women in digital skills in eastern Uganda, part of a wider effort to prepare communities for employment and business…
Uganda inflation accelerates to 5.8% as food and fuel costs rise
Uganda’s annual headline inflation accelerated to 5.8% in October from 4.6% in September, as rising food and fuel prices and a weakening shilling increased pressure on…
Uganda banks raise lending rates as fuel costs rise and shilling weakens
Three of Uganda’s largest commercial banks are raising lending rates following a central bank interest rate increase, adding to pressure on businesses and households…
Uganda Airlines bets on trade to drive Ghana route
Uganda Airlines is counting on a new service to Ghana to deepen commercial ties between East and West Africa, as the national carrier seeks to turn network expansion…
Uganda extends freeze on new mineral licences
Uganda has extended a suspension on new mineral licences by three months as the government prepares rules to tie mining rights more closely to domestic processing…