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Ugandan shilling flat as charity inflows offer support

The Ugandan shilling was flat against the dollar on Tuesday, with some inflows of hard currency from non-governmental organisations helping provide support, traders said.
At 0856...

Kampala , Uganda , Ugandan , Elias-biryabarema , Hereward-holland , Markets ,

Ugandan foreign exchange reserves drop 12% due to debt payments

Uganda's foreign exchange reserves fell by about 12% between June 2023 and January this year because of external debt payments and the central bank's inability to buy foreign currency due to a...
-April 09, 2024 at 09:28 am EDT
- MarketScreener

Uganda , Elias-biryabarema , Alexander-smith , International-monetary-fund , Alexander-winning ,

China invites Uganda's energy minister for talks on pipeline financing

China has invited Uganda's energy minister to Beijing to discuss the East African country's $5 billion crude oil pipeline, Uganda's presidency said on Friday....
-April 05, 2024 at 04:52 am EDT
- MarketScreener

Tanzania , China , Uganda , Chinese , Indian-ocean , Elias-biryabarema , Emelia-sithole-matarise , George-obulutsa , Xue-bing , Ruth-nankabirwa , African-crude-oil-pipeline , Africa-affairs

Uganda to launch first domestic tin processing plant next month

Uganda will commission its
first tin refining plant in the southwestern region next month,
a senior mining ministry official said, as part of efforts to
expand capacity and add value domestically to...
-April 04, 2024 at 12:58 am EDT
- MarketScreener

Uganda , Kampala , Clarence-fernandez , Yoweri-museveni , Elias-biryabarema , Irene-bateebe , George-obulutsa , Reuters , East-african , Chinese-backed-sunbird-resources ,

Ugandan president's son vows crackdown on graft after taking over military

The son of Ugandan President Yoweri Museveni has pledged to fight corruption in the military after taking over as its top commander, a move widely expected to accelerate his rise to eventually...
-March 29, 2024 at 06:54 am EDT
- MarketScreener

Congo , Ukraine , Uganda , Russia , Kenya , Somalia , Russian , Vladimir-putin , George-obulutsa , Mark-heinrich , Muhoozi-kainerugaba , Elias-biryabarema

Kenya and Uganda resolve oil import row, Uganda says

NAIROBI -Kenya will allow landlocked Uganda's state oil firm to import petroleum products through its port of Mombasa, Uganda's energy ministry confirmed on Thursday, to end a row between the two...
-March 28, 2024 at 08:32 am EDT
- MarketScreener

Kenya , Tanzania , Uganda , Kenyan , Tanzanian , Ugandan , Duncan-miriri , Davis-chirchir , Michael-perry , Yoweri-museveni , Kevin-liffey , Elias-biryabarema

Uganda public spending to rise 11% in 2024/25 - finance ministry says

Uganda has raised its
public spending forecast for 2024/25 by 10% compared
with the previous year, with more funds being channelled into
transportation infrastructure, the finance ministry said...
-March 28, 2024 at 03:16 pm EDT
- MarketScreener

Turkey , Uganda , Kenya , Kampala , Ugandan , Yapi-merkezi , George-obulutsa , Henry-musasizi , Jane-merriman , Elias-biryabarema , Reuters , Markets

Salaam Bank launches Uganda's first Islamic bank

A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country's first Islamic banking-compliant financial institution, the Ugandan president's office said. ...
-March 27, 2024 at 02:19 pm EDT
- MarketScreener

Kampala , Uganda , Ugandan , Yoweri-museveni , Bhargav-acharya , Josie-kao , Elias-biryabarema , Ibrahim-abdirahman , Salaam-bank , Salaam-bank-limited , President-yoweri-museveni , Markets

Ethiopia to let foreigners own property, PM says on state TV

Ethiopia aims to pass legislation to let foreigners own real estate as part of the country's broader plan to open up the economy and attract investors, Prime Minister Abiy Ahmed said on state TV...
-March 24, 2024 at 09:36 am EDT
- MarketScreener

Ethiopia , Ethiopians , Addis-ababa , Dawit-endeshaw , Elias-biryabarema , Hugh-lawson , Markets ,

Al Shabaab launches deadly attack on military base in Somalia

At least 17 people were killed in Somalia on Saturday after Islamist group al Shabaab attacked a military base....

Somalia , Shabelle , Bay , Busley , Elias-biryabarema , Abdi-sheikh , Mike-harrison , Al-shabaab , Feisal-omar , Reuters , Lower-shabelle , Reuters-al-shabaab