Business
The Pros and Cons of Uganda’s Oil Ventures
French oil and gas company TotalEnergies and China National Offshore Oil Corporation (CNOOC) are rapidly progressing in the development of…
China Expands Coal Imports from Australia and Russia
China is importing more coal from Australia and Russia as it looks for better-quality fuel. This is because the coal…
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…
Ugandan Banks Advised to Consider Carbon Financing
Carbon projects have become vital for directing money into different parts of the economy. The African Guarantee Fund has stated…
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…
