The World Bank has transferred the initial 170 billion shillings to Uganda as part of an 800 billion shilling industrial development program. Officials expect the Investment for Industrial Transformation and Employment Trust to generate more than 200,000 private sector positions. The facility targets manufacturing companies and export businesses struggling with limited access to credit. KPMG manages the trust while the Bank of Uganda serves as custodian for the funds. Development partners from the Netherlands and United States provide additional support for the initiative.
Treasury Permanent Secretary Ramathan Ggoobi characterized the disbursement as evidence of government dedication to industrial modernization. The program offers four...
National Unity Platform leader Robert Kyagulanyi Ssentamu condemned Uganda's judicial system during the 27th Radical New Bar event hosted by the Uganda Law Society. He accused courts of facilitating oppression and protecting powerful individuals while prosecuting political dissidents. Kyagulanyi addressed lawyers, activists, and academics about systematic abuse of human rights within legal institutions. The opposition politician criticized judicial authorities for imprisoning suspects without proper trials. He emphasized how the system targets outspoken critics while shielding those who commit serious offenses.
Kyagulanyi referenced his bodyguard Eddie Mutwe, who remains imprisoned at Masaka Main Prison despite court orders directing...
Uganda's petroleum sector faces significant challenges as local businesses struggle to compete for contracts despite regulatory support for joint ventures. The Petroleum Authority of Uganda addressed over 60 domestic suppliers during a workshop organized by COSL Uganda SMC Limited in Hoima. Officials emphasized that partnerships between Ugandan firms and international companies could bridge technical and financial gaps. Vivienne Nabbosa from PAU highlighted how joint ventures enable knowledge transfer while building local capacity. The National Content Regulations specifically encourage such collaborative arrangements to maximize domestic participation.
COSL Uganda demonstrated substantial commitment by distributing contracts worth...
Chief of Defence Forces Gen Muhoozi Kainerugaba examined Uganda's advanced military medical facility during a comprehensive site visit Tuesday at Mbuya barracks. The UPDF National Referral Hospital awaits presidential commissioning by Yoweri Kaguta Museveni as part of extensive healthcare infrastructure modernization efforts. Prof Ben Mbonye guided the military leader through six interconnected structures equipped with state-of-the-art medical technology. Ministry of Defence officials Rosette Byengoma and Edith Buturo accompanied the inspection team during the detailed facility review. The complex features emergency helicopter landing capability, specialized rehabilitation services, trauma care units, and executive patient...
Belgian Ambassador Hugues Chantry addressed policymakers during Tuesday's International Day of Education dialogue in Kampala. He emphasized that Uganda must expand human capital investments to address widespread youth joblessness. The ambassador stressed that practical skills training represents the foundation for sustainable economic development. His remarks highlighted the critical need for educational programs that match market requirements. Belgium continues supporting Ugandan technical education through its development agency Enabel.
Uganda faces a significant workforce challenge as more than 400,000 young people enter the employment market annually. Most graduates struggle to secure meaningful positions despite labor shortages...
Uganda's treasury has disbursed 17.1 trillion shillings to fund government operations during the opening quarter of fiscal year 2025/2026. Permanent Secretary Ramadhan Ggoobi from the Finance Ministry detailed how the massive expenditure targets security enhancement, infrastructure expansion, and workforce development. The allocation encompasses 2.2 trillion shillings for employee wages, 4.4 trillion for operational expenses, and 692 billion for development initiatives. External financing contributes 2.7 trillion shillings while debt management and treasury functions consume 6.9 trillion shillings. Local revenue streams provide an additional 82 billion shillings to the comprehensive budget framework.
Defense and security agencies...
Former Ugandan Prime Minister Amama Mbabazi addressed guests at the French National Day festivities held at Ambassador Xavier Sticker's residence in Kampala. The celebration honored Bastille Day while highlighting bilateral cooperation between the two nations. Mbabazi represented the Ugandan government at the diplomatic gathering. The former prime minister emphasized how French revolutionary principles align with Uganda's development aspirations. He characterized the relationship between both countries as exceptionally strong and mutually beneficial.
Diplomatic relations between Uganda and France began on October 29, 1962, establishing a foundation for decades of collaboration. Commercial partnerships have expanded significantly across...
Religious leaders from Uganda met with Democratic Republic of Congo President Félix-Antoine Tshisekadi Tshilombo at his Mount Ngaliema offices on Monday. The delegation featured Ugandan evangelist Dr. Robert Kayanja and Archbishop Evariste Ejiba Yamapia from the Church of Awakening in Congo. Their discussions focused on regional peace efforts and cross-border agricultural collaboration. The meeting addressed ongoing pacification attempts in eastern DRC and explored spiritual revival initiatives. Economic resilience through cooperative farming development formed another central topic.
Dr. Kayanja serves as personal pastor to Ugandan President Yoweri Museveni and expressed gratitude for the warm reception. He announced plans for American...
Equity Bank received the Best Regional Bank in East Africa recognition during the 2025 African Banker Awards ceremony held in Abidjan, Côte d'Ivoire. The institution earned acclaim for advancing financial inclusion across the region while supporting community development initiatives. Awards organizers praised the bank's customer-focused innovations and robust assistance programs for small and medium enterprises. This achievement underscores the growing importance of regional financial institutions in driving continental economic progress. The honor validates Equity's strategic expansion model throughout East and Central Africa.
Dr. James Mwangi, the bank's Managing Director and CEO, emphasized the award's alignment with their Africa...
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