Uganda’s export drive is entering a more organised phase as the Uganda Free Zones and Export Promotions Authority (UFZEPA) adopts a special economic zones approach to support exports. Formed in 2024 by merging the Free Zones regulator and the export promotions agency, the Authority now oversees both special economic zones and national export marketing under…
President Yoweri Kaguta Museveni has cautioned Ugandans against treating the country’s oil as permanent wealth, insisting that the petroleum resources in the Albertine region must be managed prudently to create lasting economic benefits beyond the 20–25 years of production. Addressing supporters in Buliisa Town Council on Thursday during his campaign trail in the Bunyoro sub-region,…
President Yoweri Kaguta Museveni has cautioned Ugandans against placing excessive hope in the country’s upcoming oil revenues, urging households to prioritise sustainable wealth creation through commercial agriculture. Speaking during a campaign rally in Masindi Municipality on Wednesday, December 10, 2025, President Museveni said that while Uganda’s oil production—set to begin in 2026—will significantly boost national…
Airtel Africa Foundation, the philanthropic arm of Airtel Africa plc, has announced the launch of its ‘Airtel Africa Foundation Tech Fellowship’ initiative in Uganda. The initiative will award 20 Tech Fellowships to Ugandan undergraduates from low-income households, enabling them to pursue degrees in STEM fields. The program directly tackles the financial and skills barriers that…
Pearl Bank (formerly PostBank Uganda) has launched a new festive initiative dubbed “Pearl Santa”, aimed at celebrating and appreciating customers across selected branches this holiday season. The campaign will feature surprise visits from “Pearl Santa,” who will spread Christmas cheer through interactions, cake cutting, and festive giveaways. Priscilla Akora, the bank’s Head of Marketing and…
President Yoweri Kaguta Museveni has issued a strong warning to government officials and local leaders accused of mismanaging funds under the Parish Development Model (PDM), vowing a nationwide crackdown to protect beneficiaries and restore trust in the flagship poverty-eradication programme. Speaking on Monday, December 8, 2025, at Kabarole State Lodge in Fort Portal City, the…
By ch-avitaion Uganda’s parliament has approved UGX422.26 billion shillings (USD119.1 million) in supplementary funding for the 2025/26 fiscal year for Uganda Airlines (UR, Entebbe) to expand its fleet, according to an official statement released by the authority. In a parliamentary statement on December 3, politicians said the funding would be used to purchase two B787 passenger aircraft, one Boeing freighter,…
The Deputy Speaker of Parliament, Thomas Tayebwa, has hailed the ongoing construction of a joint oil refinery by Uganda, Kenya, and Tanzania as a key success of East African Community (EAC) integration. Speaking on behalf of President Yoweri Museveni at the opening ceremony of the 15th East African Parliamentary Games at Kololo Ceremonial Grounds on…
The Uganda Revenue Authority (URA) has opened a new service centre on Nakivubo Road in a move aimed at bringing tax education and support closer to Kampala’s traders, many of whom operate in one of the city’s busiest commercial zones. Announcing the development, Kizito Charles Kasozi, Commissioner for Strategy and Risk Management, said the centre…
Parliament has approved over Shs8 trillion in supplementary funding for financial year 2025/2026, to support key development projects including road infrastructure, health and agriculture services, among others. According to the State Minister for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi, the funding for the activities under Supplementary Schedules 1, 2 and 3…