Economy
Soroti Fruit Factory Faces Privatization Amidst Ongoing Losses
The Soroti Fruit Factory, a venture backed by government investments, is reportedly drowning in losses, prompting government officials to contemplate…
Italy and Sudan Emerge as Major Buyers of Ugandan Coffee
In August, Italy emerged as the largest consumer of Uganda's coffee, accounting for 30 percent of the country's coffee exports,…
Uganda’s External Debt Dominated by US Dollar, Euro Emerges as Second Major Currency
US Dollars and Euros constitute the major currencies within the government's external debt portfolio, according to the Finance Ministry's annual…
Uganda’s Ambitious Plan: $5 Billion Tourism Earnings by 2028
The Ugandan government is making substantial efforts to increase tourism revenues from their current standing at $1.6 billion to at…
Kenyan Government Aims for 5% Inflation Rate in 2023
In a virtual meeting with TikTok CEO Shou Zi Chew, President William Ruto discussed the Kenyan government's aspirations for inflation…
Infighting and Economic Challenges Test President Ruto’s New Regime
President William Ruto's administration is encountering significant challenges as calls for a Cabinet reshuffle gain momentum amid internal conflicts. The…
