Section

Business

Market moves, company developments, trade shifts, and economic stories shaping business in and around Uganda.

farming 28 March 2026

Judith Namulindwa Builds Thriving Rat Breeding Venture in Seguku

Judith Namulindwa has transformed a small plot in Seguku, Wakiso District, into a profitable rat breeding operation supplying albino rats and guinea pigs for research, education, and pets. Starting with a modest investment in 2016, she now manages thousands of rodents and inspires her community to join the niche farming sector. Source: https://www.monitor.co.ug/uganda/magazines/farming/how-namulindwa-turned-rat-breeding-into-thriving-business-5405680

Source: Daily Monitor (Uganda)
  • rat-breeding
  • albino-rats
  • wakiso

agriculture 27 March 2026

Uganda Advances Towards a Robust Modern Seed Industry

Uganda's seed system has evolved from a chaotic and unpredictable setup to a structured, commercial framework fueled by collaborations among research bodies, government, and private firms. Facilities like Naro Holdings in Kigumba are central to producing high-quality early generation seeds that boost farmer productivity nationwide. Source: https://www.monitor.co.ug/uganda/magazines/farming/uganda-on-track-to-build-modern-seed-industry-5405704

Source: Daily Monitor (Uganda)
  • seed-industry
  • naro
  • uganda-farming

Business 27 March 2026

Moses Mawa: Building a 24-Hour African TV Powerhouse in Canada from Uganda Roots

Ugandan entrepreneur Moses A. Mawa has established Silvertrust Media and the 24-hour Afroglobal TV channel in Canada, connecting Africa with its diaspora. His Imagine Uganda initiative, backed by President Museveni, promotes trade, tourism, and investment to elevate Uganda globally. Source: https://www.monitor.co.ug/uganda/lifestyle/reviews-profiles/how-moses-mawa-built-a-24-hour-african-tv-empire-in-canada-5405810

Source: Daily Monitor (Uganda)
  • moses mawa
  • afroglobal tv
  • imagine uganda

Entertainment News 27 March 2026

Uganda's Private Copy Levy: Boost for Artists or Extra Cost for Buyers?

Uganda's Copyright and Neighbouring Rights Amendment Bill, recently passed by Parliament and awaiting presidential approval, introduces a private copy levy on devices like smartphones and USBs to compensate creators for personal copies. While artists celebrate potential earnings, critics fear it burdens consumers and may sideline local music. Source: https://www.monitor.co.ug/uganda/lifestyle/entertainment/private-copy-levy-explained-lifeline-for-artists-or-burden-on-consumers--5405776

Source: Daily Monitor (Uganda)
  • copyright
  • private-copy-levy
  • ugandan-artists

Business 27 March 2026

KCCA Assures No Demolition Plans for Owino Market Amid MP Concerns

KCCA Executive Director Sharifah Buzeki has assured Parliament that there are no plans to demolish the 55-year-old Owino Market, focusing instead on infrastructure upgrades. The commitment came during a COSASE committee session addressing Auditor General's report queries and trader anxieties fueled by media reports. Source: https://www.parliament.go.ug/news/4325/kcca-will-not-demolish-owino-market

Source: Parliament of Uganda
  • kcca
  • owino market
  • parliament

Politics 27 March 2026

Uganda and Norway Agree to Strengthen Security Ties and Trade

Uganda and Norway held bilateral talks in Kampala, committing to boost trade volumes, enhance security cooperation, and plan a trade summit by 2027. Officials highlighted low current trade figures and praised Uganda's refugee hosting efforts. Source: https://www.monitor.co.ug/uganda/news/national/uganda-norway-hold-talks-to-boost-security-trade-volumes-5405200

Source: Daily Monitor (Uganda)
  • uganda
  • norway
  • bilateral talks

Business 26 March 2026

Why Cost-Cutting Alone Can't Drive Business Growth

New CEOs often launch cost-cutting initiatives to plug leaks and stabilize organizations, but these measures rarely lead to true growth or turnaround. True success lies in fostering a strong culture of vision, excellence, and innovation alongside targeted savings. Source: https://www.monitor.co.ug/uganda/lifestyle/entertainment/cost-cutting-is-not-a-growth-strategy-5403394

Source: Daily Monitor (Uganda)
  • cost-cutting
  • growth-strategy
  • corporate-culture

Business 26 March 2026

TotalEnergies Revamps Jinja LPG Plant to Gear Up Uganda for Domestic Production

TotalEnergies has launched an upgraded LPG facility in Jinja to bolster storage, handling, and distribution capabilities, preparing Uganda for local LPG production. The investment supports clean energy access and aligns with national oil and gas goals. Source: https://www.monitor.co.ug/uganda/business/markets/revamped-jinja-lpg-plant-prepares-uganda-for-local-production-5404388

Source: Daily Monitor (Uganda)
  • totalenergies
  • lpg
  • jinja

Business 26 March 2026

Uganda's Fuel Supply Stable Amid Middle East Tensions, But Prices Climb

Uganda's fuel imports for April ensure ample supply exceeding monthly needs, shielding the country from short-term global disruptions. Despite this, pump prices are rising, drawing government warnings against unjustified hikes. Source: https://www.monitor.co.ug/uganda/business/markets/more-fuel-is-arriving-data-shows-supply-is-secure-at-least-for-now-5404498

Source: Daily Monitor (Uganda)
  • fuel-supply
  • pump-prices
  • middle-east-tensions

Sports 26 March 2026

Uganda Govt Commits Shs30B Low-Interest Loans to Upgrade Bunyoro Hotels for AFCON 2027

The Ugandan government has pledged Shs30 billion in friendly loans through the Ministry of Finance to help Bunyoro hoteliers upgrade facilities to international standards ahead of AFCON 2027. Hoima City, a host venue, will benefit as six hotels are targeted for five-star redevelopment to accommodate teams, officials, and fans. Source: https://www.monitor.co.ug/uganda/news/national/afcon-2027-govt-pledges-shs30b-friendly-loan-support-to-bunyoro-hoteliers-5404072

Source: Daily Monitor (Uganda)
  • afcon2027
  • bunyoro
  • hoima

travel 26 March 2026

e-Business Eco-Tourism Portal Transforms Community Sales Near Uganda's Parks

The e-Business Eco-Tourism Portal (EBEB) is revolutionizing how artisans near Bwindi and Kibale national parks sell crafts to tourists through online listings and advance bookings. Backed by the Uganda Communications Commission, the platform ensures fair pricing, digital access, and better livelihoods for local communities. Source: https://www.monitor.co.ug/uganda/lifestyle/travel/how-an-online-portal-is-rewriting-community-tourism-in-uganda-5402202

Source: Daily Monitor (Uganda)
  • ebet
  • bwindi
  • community-tourism

economy 25 March 2026

Uganda's Economy Accelerates in February with Strong Sectoral Gains

Uganda's economy demonstrated robust growth in February, fueled by agriculture, industry, and services amid rising investments and demand. Key indicators like PMI and BTI highlighted business expansion, falling inflation, and a trade surplus. Source: https://www.monitor.co.ug/uganda/news/national/what-drove-economic-growth-in-february--5403490

Source: Daily Monitor (Uganda)
  • economic growth
  • pmi
  • inflation

auto 25 March 2026

Car Engine Knocking Loudly Uphill: Causes and Urgent Fixes

Loud banging noises from your car engine during uphill acceleration often signal cylinder knock from premature ignition, which modern vehicles detect via knock sensors to avert damage. Possible culprits include low-octane fuel, faulty timing, or worn engine parts, demanding prompt mechanic inspection. Source: https://www.monitor.co.ug/uganda/business/auto/why-does-my-car-engine-make-loud-banging-noises-when-driving-uphill--5403092

Source: Daily Monitor (Uganda)
  • engine knock
  • cylinder detonation
  • fuel octane

Business 25 March 2026

Jumbo Auto Mart Sales Chief Recalls Shs3m Toyota Mark II That Nearly Ended His Life

Joseph Komakech, chairperson of sales executives at Jumbo Auto Mart, shares the story of his first car, a Toyota Mark II bought for Shs3m, which taught him harsh lessons on Kampala's roads including a near-fatal crash with a truck. Despite fuel gauge woes and boda boda scratches, he cherishes its quiet power and durability. Source: https://www.monitor.co.ug/uganda/business/auto/my-first-car-cost-me-shs3m-but-it-almost-killed-me-5403120

Source: Daily Monitor (Uganda)
  • toyota-mark-ii
  • kampala-driving
  • first-car

Business 25 March 2026

Uganda Civil Servants to Contribute 5% to Pensions Under New Act

Uganda's civil servants will now contribute 5% of their earnings to pensions alongside the government's 10%, shifting from a non-contributory system to a sustainable model similar to the private sector's NSSF. The Public Service Pension Fund Act 2025 aims to ease fiscal pressures and ensure timely retirement benefits. Source: https://www.monitor.co.ug/uganda/business/markets/civil-servants-to-start-contributing-towards-their-pensions-5403332

Source: Daily Monitor (Uganda)
  • pensions
  • civil-servants
  • nsf

Business 25 March 2026

Global Private Markets Expand While Uganda Grapples with Foundational Hurdles

Major global asset managers are broadening access to private markets amid slowing exits and rising risks, but Uganda's nascent ecosystem struggles with currency volatility, mismatched funding, and limited exit options. Experts warn that scaling without addressing these basics could import global vulnerabilities into fragile local markets. Source: https://www.monitor.co.ug/uganda/business/markets/private-markets-go-mainstream-as-uganda-still-builds-the-basics--5403318

Source: Daily Monitor (Uganda)
  • private-markets
  • uganda
  • investments

news 25 March 2026

Djibouti's Ambitious Salaam City Project Sparks Interest in Uganda

Djibouti has launched Salaam City, its largest residential development featuring over 7,000 housing units and integrated urban amenities, drawing attention from Uganda amid its own urban housing challenges. The project, linked to a Ugandan-operating group, highlights opportunities in employment, sustainability, and planned city growth. Source: https://observer.ug/news/djibouti-builds-new-city-uganda-takes-note

Source: The Observer (Uganda)
  • djibouti
  • salaam-city
  • uganda

tourism 25 March 2026

e-Business Eco-Tourism Portal Revolutionizes Community Sales Near Uganda's Parks

The e-Business Eco-Tourism Portal (EBEB) is transforming how artisans near Bwindi and Kibale national parks sell crafts to tourists, enabling online listings, advance bookings, and fair pricing. Supported by the Uganda Communications Commission, the platform connects local producers to global markets while boosting conservation efforts and livelihoods. Source: https://www.monitor.co.ug/uganda/magazines/life/how-an-online-portal-is-rewriting-community-tourism-in-uganda-5402202

Source: Daily Monitor (Uganda)
  • ebet
  • bwindi
  • community-tourism

lifestyle 25 March 2026

Banana Fibre Wigs: Uganda's Sustainable Shift from Farm Waste to Fashion

Ugandan innovators at Texfad are transforming banana stem waste into lightweight, eco-friendly hair extensions and wigs, gaining popularity among hairdressers and clients for their comfort and scalp-friendly qualities. This green initiative supports farmers, creates jobs, and eyes global export potential with backing from standards bodies and international partners. Source: https://www.monitor.co.ug/uganda/lifestyle/reviews-profiles/why-wearing-banana-fibre-wigs-makes-sense-5402192

Source: Daily Monitor (Uganda)
  • banana fibre
  • texfad
  • hair extensions

Business 24 March 2026

Kabaka's Visit Ignites Hope for Katwe Market Traders After Devastating Fire

Katwe Market traders are rebuilding after a massive fire destroyed over 200 stalls, finding renewed optimism from Kabaka Ronald Muwenda Mutebi II's visit and his directives for swift recovery support. The monarch tasked Rexba Limited with registering affected vendors to facilitate their return to work. Source: https://www.monitor.co.ug/uganda/magazines/homes-and-property/kabaka-s-visit-brings-hope-to-katwe-traders-5402144

Source: Daily Monitor (Uganda)
  • katwe market
  • kabaka
  • fire

Business 24 March 2026

Uganda Secures Shs422 Billion Loan for 10 New Uganda Airlines Aircraft

The government has obtained Shs422.26 billion through borrowing to purchase 10 new planes for Uganda Airlines, addressing fleet shortages that have disrupted international routes. This funding, part of a larger supplementary budget approved last year, aims to boost the airline's capacity amid rising fiscal pressures. Source: https://www.monitor.co.ug/uganda/business/markets/govt-secures-shs422b-to-buy-10-planes-for-uganda-airlines--5401954

Source: Daily Monitor (Uganda)
  • uganda airlines
  • fleet expansion
  • government borrowing

Business 24 March 2026

Piped Water Connections Surge 7% Amid Infrastructure Push and Metering Reforms

Uganda's piped water connections jumped nearly 7% to 1.136 million in the 2024/25 financial year, fueled by infrastructure investments, subsidies, and tougher metering enforcement. The gains are detailed in the latest annual regulator's report, highlighting operational improvements despite ongoing challenges. Source: https://www.monitor.co.ug/uganda/business/markets/infrastructure-growth-drives-up-piped-water-connections-5401912

Source: Daily Monitor (Uganda)
  • water-connections
  • metering
  • infrastructure

Business 24 March 2026

Uganda Coffee Exporters Eye Shs20 Trillion Revenue by 2030

Uganda's coffee sector is booming, with recent earnings of $2.4 billion from 8.7 million bags exported between December 2024 and 2025, and projections to hit Shs20 trillion by 2030. Growth is fueled by better farming, global demand, and value addition efforts. Source: https://www.monitor.co.ug/uganda/business/commodities/coffee-exporters-project-earnings-to-hit-shs20-trillion-by-2030-5401940

Source: Daily Monitor (Uganda)
  • coffee
  • exports
  • uganda

Business 24 March 2026

Ugandan Shilling Weakens Amid Global Tensions, Boosting Dollar Holders

The Ugandan shilling has depreciated against the US dollar due to heightened demand from energy importers hedging against Iran-related oil instability and geopolitical risks, alongside increased manufacturing imports and dividend payouts. Recent inflows provided temporary relief, strengthening the shilling slightly on March 24. Source: https://www.monitor.co.ug/uganda/news/national/-dollar-holders-having-their-moment--5402006

Source: Daily Monitor (Uganda)
  • shilling
  • dollar
  • exchange-rate

media 24 March 2026

Daily Monitor's Phoebe Masongole Bags UNBS Award for Standards Journalism

Phoebe Masongole from Daily Monitor's Mbale bureau has clinched the Eastern region prize at the 2026 Standards and Metrology Journalism Awards for her story on quality coffee empowering Bugisu women. The award highlights the media's vital role in promoting Uganda's standards and economic growth. Source: https://www.monitor.co.ug/uganda/news/national/daily-monitor-reporter-wins-unbs-award-for-quality-reporting-5401556

Source: Daily Monitor (Uganda)
  • unbs
  • journalism
  • phoebe masongole

Business 23 March 2026

Uganda's Heavy Smartphone Taxes Trap Millions on Feature Phones

Uganda's multiple taxes on imported smartphones, including 10% import duty, 6% withholding tax, 1.5% infrastructure levy, and 18% VAT, nearly double device prices, keeping smartphone penetration at just 33% amid a population of 50 million. While neighbors like Kenya and Rwanda have cut taxes to boost adoption, Uganda faces smuggling and counterfeits as affordability lags. Source: https://www.monitor.co.ug/uganda/business/prosper/high-taxes-keep-millions-of-ugandans-stuck-on-basic-phones-5399930

Source: Daily Monitor (Uganda)
  • smartphones
  • taxes
  • digital divide

Business 22 March 2026

Smuggling Surge and Trade Disruptions Threaten URA's Shs36 Trillion Revenue Goal

Uganda Revenue Authority grapples with escalating smuggling fueled by tax gaps with neighbors and global trade shocks from conflicts, risking its Shs36.74 trillion target amid seized goods overflowing warehouses and declining imports. Source: https://www.monitor.co.ug/uganda/business/finance/trade-disruptions-and-smuggling-may-stand-in-the-way-of-ura-s-shs36-trillion-target--5398804

Source: Daily Monitor (Uganda)
  • ura
  • smuggling
  • revenue

Business 22 March 2026

USE Market Cap Surges on Rising Share Prices Amid Investor Optimism

The Uganda Securities Exchange (USE) has seen a significant boost in market capitalization due to sustained share price gains across several listed firms, driven by investors positioning for dividends and upcoming financial results. Top performers like MTN Uganda and Airtel led the rally, enhancing shareholder value. Source: https://www.monitor.co.ug/uganda/business/markets/rising-share-prices-boost-use-market-capitalization-5398794

Source: Daily Monitor (Uganda)
  • use
  • share-prices
  • market-cap

Business 22 March 2026

Mbale Industrial Park Teams Up with City for New Vendor Market

The Sino-Uganda Mbale Industrial Park and Mbale City Council are collaborating to build a market near the park's entrance, enabling locals to sell goods and services to workers and visitors. The initiative aims to extend economic opportunities from the industrial hub to surrounding communities. Source: https://www.monitor.co.ug/uganda/news/national/mbale-industrial-park-city-partner-to-set-up-vendor-market-5399186

Source: Daily Monitor (Uganda)
  • mbale
  • industrial-park
  • vendor-market

Business 22 March 2026

Norland Uganda Promotes Franchise Model for Regenerative Medicine and Wellness Products

Promoters of regenerative medicine under Norland Uganda are encouraging locals to join a new franchise business model, blending health recovery with income opportunities through herbal Chinese products and premium outlets. Beneficiaries like former patients highlight how it lowers entry barriers for entrepreneurship amid the company's 7th anniversary celebrations. Source: https://www.monitor.co.ug/uganda/news/national/regenerative-medicine-promoters-rally-ugandans-for-franchise-business-model-5398978

Source: Daily Monitor (Uganda)
  • regenerative-medicine
  • norland-uganda
  • franchise

Business 21 March 2026

Mary Baine: Africa's Tax Systems Can Improve Despite Challenges

Mary Baine, executive secretary of the African Tax Administration Forum (ATAF), advocates for simplifying complex tax structures and digitizing systems to boost revenue collection across Africa. With her extensive experience from Rwanda and ATAF, she aims to raise the continent's tax-to-GDP ratio from 16% to 20% amid rising debt and donor fatigue. Source: https://www.monitor.co.ug/uganda/business/finance/not-all-is-lost-for-the-tax-systems-in-africa-says-mary-baine--5398282

Source: Daily Monitor (Uganda)
  • mary-baine
  • ataf
  • tax-reform

Business 21 March 2026

Ruto and Museveni Launch Key SGR Section to Revive East African Rail Network

Kenyan President William Ruto and Ugandan President Yoweri Museveni attended the groundbreaking of the 107km Kisumu-Malaba Standard Gauge Railway section, a vital link in the Mombasa-Kampala corridor set for completion by 2028. The project aims to slash travel times and freight costs, boosting regional trade and integration. Source: https://www.monitor.co.ug/uganda/news/national/ruto-museveni-seek-rail-revival-as-kenya-uganda-launch-key-sgr-link-5398390

Source: Daily Monitor (Uganda)
  • sgr
  • ruto
  • museveni

Business 20 March 2026

World Bank Bans Three PwC Subsidiaries in Africa for 21 Months Over Corruption in Power Project

The World Bank and partners have imposed a 21-month ban on PwC Associates Africa Ltd, PwC Limited Kenya, and PwC Rwanda Limited after they admitted to fraudulently accessing confidential bid information for a $1.1 billion Ethiopia-Kenya electricity interconnection project. The debarment stems from collusive practices that gave the firms an unfair edge, with potential for early release based on compliance measures. Source: https://observer.ug/news/how-corruption-stripped-pwc-naked

Source: The Observer (Uganda)
  • pwc
  • world bank
  • corruption

Health 20 March 2026

Experts Push for Workplace Nutritionists to Combat Rising NCDs Among Office Workers

Nutrition experts in Uganda are calling on companies to hire nutritionists to oversee employee diets amid surging non-communicable diseases linked to sedentary office lifestyles and poor eating habits. They highlight the need for better food choices at work and personal steps like walking to improve health. Source: https://www.monitor.co.ug/uganda/news/national/employ-nutritionists-to-monitor-diets-at-workplaces-experts-urge-5397278

Source: Daily Monitor (Uganda)
  • nutrition
  • workplace
  • ncds

Business 19 March 2026

Bugisu Women Boost Incomes Through Premium Coffee Value Addition

Women in Mbale, Sironko, and Bududa districts are transforming their livelihoods by processing coffee to premium standards, earning significantly more than from raw sales. Initiatives like training and cooperatives empower them with higher prices, financial independence, and community impact. Source: https://www.monitor.co.ug/uganda/news/national/bugisu-women-mint-cash-from-selling-quality-coffee-5397142

Source: Daily Monitor (Uganda)
  • coffee
  • bugisu
  • value-addition

Business 19 March 2026

Ruto Warns Kenya Risks Losing EAC Trade Dominance Without SGR Upgrades

Kenyan President William Ruto cautioned that Kenya's role as the primary trade gateway for East African countries could slip away due to inadequate infrastructure, urging swift investments in the Standard Gauge Railway (SGR) extensions. He highlighted rising cargo volumes and delays that threaten competitiveness amid regional alternatives. Source: https://www.monitor.co.ug/uganda/news/national/kenya-might-lose-its-key-trade-route-says-ruto-5397130

Source: Daily Monitor (Uganda)
  • ruto
  • sgr
  • kenya-uganda

Business 19 March 2026

Uganda Woos Chinese Investors to Supercharge Agricultural Exports

Uganda is ramping up efforts to draw Chinese investment into its agriculture sector through a key forum in China's Hunan Province, capitalizing on Beijing's zero-tariff policy for African goods to promote value addition and boost exports. Officials spotlight untapped arable land, incentives, and strategic partnerships to transform the economy. Source: https://www.monitor.co.ug/uganda/news/national/uganda-courts-chinese-investors-to-boost-agro-exports-5397136

Source: Daily Monitor (Uganda)
  • china
  • investment
  • agro-exports

news 19 March 2026

Jinja Traders Protest Sudden Demolition of Illegal Street Kiosks

Traders in Jinja City are decrying a council enforcement drive that demolished their roadside kiosks, claiming they paid monthly fees and received short notice. While the council insists on prior warnings to restore order, a court has paused evictions at the taxi park. Source: https://www.monitor.co.ug/uganda/news/national/jinja-street-traders-fault-city-clean-up-5397140

Source: Daily Monitor (Uganda)
  • jinja
  • traders
  • demolition

Business 19 March 2026

Equity Bank Uganda's Remarkable Three-Year Turnaround from Losses to Explosive Growth

Equity Bank Uganda turned a Shs36.6b loss in 2023 into a 500% profit surge to Shs104.7b by 2025 through aggressive provisioning, loan book cleanup, and disciplined cost management. This strategic reset strengthened its balance sheet and positioned it as the fastest-growing subsidiary in the Equity Group. Source: https://www.monitor.co.ug/uganda/business/markets/the-reset-equity-bank-uganda-s-three-year-turnaround-5396740

Source: Daily Monitor (Uganda)
  • equity-bank
  • uganda-banking
  • financial-turnaround

Business 19 March 2026

Kenya Restarts China-Backed Railway Extension After Six-Year Delay

Kenya has relaunched construction on a key Standard Gauge Railway extension stalled for over six years due to funding shortages from China, now financed through revenue securitisation and joint ventures with Chinese firms. The project aims to connect to Uganda, countering past criticisms of it leading nowhere and symbolising debt trap concerns. Source: https://www.monitor.co.ug/uganda/news/kenya-revives-stalled-china-backed-railway-after-six-year-halt-5396760

Source: Daily Monitor (Uganda)
  • kenya
  • sgr
  • china

Business 19 March 2026

Over 70% of Uganda's Vehicles Drive Without Insurance Amid Low Compliance

More than two million vehicles operate on Ugandan roads, but only 577,000 are insured, leaving over 70% uninsured. Boda bodas show the starkest gap, with just 4% coverage despite nearly two million in use. Source: https://www.monitor.co.ug/uganda/business/insurance/over-70-of-vehicles-are-uninsured-5396640

Source: Daily Monitor (Uganda)
  • uninsured vehicles
  • boda bodas
  • motor insurance

energy 19 March 2026

Kisoro Set for National Grid Linkup, Ending Long-Time Rwanda Power Dependence

Uganda plans to integrate Kisoro Town into the national electricity grid, replacing decades of imported power from Rwanda. This upgrade promises more stable supply, lower business costs, and a boost to local economic activities. Source: https://www.monitor.co.ug/uganda/news/national/kisoro-to-be-connected-to-national-grid-after-decades-of-relying-on-rwanda-imported-power-5396682

Source: Daily Monitor (Uganda)
  • kisoro
  • national-grid
  • uedcl

Business 19 March 2026

Offshore Investors Exit Rattles Uganda's Bond Market Amid Global Tensions

Geopolitical shocks from US-Israel strikes on Iran have prompted offshore investors to pull back from Ugandan government securities, weakening the shilling to around Shs3,766 per dollar and driving up bond yields. The Bank of Uganda is countering the pressure through liquidity measures, despite solid local fundamentals like 2.9% inflation. Source: https://www.monitor.co.ug/uganda/business/finance/offshore-investors-rattle-bond-market--5396710

Source: Daily Monitor (Uganda)
  • bond market
  • offshore investors
  • ugandan shilling

Business 19 March 2026

From London Security Guard to Uganda Property Mogul: Yasin Bakaluba's Rise

Yasin Bakaluba Sekimwanyi transformed from a night-shift security guard in London into a successful Ugandan real estate developer by saving diligently, investing in land and rentals, and applying lessons from books and observations abroad. His strategy emphasizes patience, asset-building over consumption, and long-term planning in Uganda's growing property market. Source: https://www.monitor.co.ug/uganda/magazines/homes-and-property/watch-how-a-london-guard-became-a-property-tycoon-in-uganda--5394802

Source: Daily Monitor (Uganda)
  • property-development
  • diaspora
  • success-story

education 19 March 2026

Busoga Youth Gain Practical Skills and Business Opportunities Through Competency-Based Curriculum

Youth in Uganda's Busoga region are acquiring hands-on skills like electronics, soap making, and bricklaying under the new competency-based curriculum, allowing them to launch small businesses and combat unemployment even before finishing school. Experts highlight its potential to foster self-reliance, though challenges like material shortages persist. Source: https://www.monitor.co.ug/uganda/news/national/how-busoga-youth-are-benefiting-from-competency-based-learning--5396484

Source: Daily Monitor (Uganda)
  • busoga
  • competency-based curriculum
  • vocational skills

Business 19 March 2026

Uganda and Tanzania Race to Eliminate Trade Barriers by June 2026

The East African Community has set a June 30, 2026 deadline for Uganda and Tanzania to remove all non-tariff barriers stifling trade. Lifting these obstacles promises lower costs, enhanced competitiveness, and broader markets for producers in both nations. Source: https://www.monitor.co.ug/uganda/oped/editorial/time-to-open-up-trade-in-east-africa-5396508

Source: Daily Monitor (Uganda)
  • uganda-tanzania
  • trade-barriers
  • eac

Business 19 March 2026

Beyond Presence: Unlocking Equal Opportunities for Women in Ugandan Workplaces

While women are increasingly visible and contributing significantly in workplaces, true equal opportunity requires addressing subtle barriers like informal decision-making and lack of mentorship. Organisations must adopt deliberate actions to foster female leadership and growth beyond International Women’s Day celebrations. Source: https://www.monitor.co.ug/uganda/oped/letters/presence-alone-does-not-always-translate-into-equal-opportunity-5396492

Source: Daily Monitor (Uganda)
  • women-empowerment
  • workplace-equality
  • leadership

Business 19 March 2026

Uganda Emerges as Reliable Grain Supplier Through Harmonised EAC Standards

Uganda is boosting its position as a top grain supplier in East Africa by aligning with regional standards on quality and grading, though challenges like differing testing procedures persist. Initiatives like farmer aggregation and certification reforms are driving structured trade and market access. Source: https://www.monitor.co.ug/uganda/oped/commentary/harmonised-standards-are-making-uganda-a-reliable-grain-supplier-5396468

Source: Daily Monitor (Uganda)
  • grains
  • eac
  • standards

news 19 March 2026

Masaka Business Icon Bosco Ssenyonjo's Humble Legacy Cut Short in Tragic Crash

Prominent Masaka businessman Bosco Ssenyonjo, known as Bitanda, and two children died in a road accident on the Entebbe Expressway while heading to the airport. Renowned for his humility and contributions to local economy, his death has sparked family disputes over burial, now pending court decision. Source: https://www.monitor.co.ug/uganda/news/national/businessman-bosco-ssenyonjo-masaka-s-icon-defined-by-humility-5396178

Source: Daily Monitor (Uganda)
  • bosco-ssenyonjo
  • masaka
  • road-accident

Business 19 March 2026

Bugisu Women Turn Quality Coffee into Path to Prosperity

Women farmers in Bugisu region are boosting incomes through value addition in coffee production, transforming raw beans into premium products that meet national standards. Initiatives led by entrepreneurs like Meridah Nandudu empower them with training, new revenue streams from byproducts, and greater financial independence. Source: https://www.monitor.co.ug/uganda/news/national/quality-coffee-the-money-minting-machine-for-bugisu-women-5396294

Source: Daily Monitor (Uganda)
  • coffee
  • bugisu
  • women-empowerment

Business 18 March 2026

2026 Toyota Hilux: Rugged Reliability Meets Unexpected Comfort

Toyota's iconic Hilux pickup truck has been upgraded for 2026, blending its renowned durability with enhanced comfort, as demonstrated on a demanding drive from Kampala to Karuma. Source: https://www.monitor.co.ug/uganda/business/auto/2026-hilux-tough-pick-up-surprisingly-comfortable-5395716

Source: Daily Monitor (Uganda)
  • toyota hilux
  • 2026 model
  • pickup truck

Business 18 March 2026

Steps to Take If Your Vehicle Faces a Recall in Uganda

Vehicle recalls often spark safety fears among drivers, but they are manufacturer efforts to fix potential defects at no cost. Here's a straightforward guide on verifying and addressing a recall for your car. Source: https://www.monitor.co.ug/uganda/business/auto/what-to-do-when-your-car-is-recalled-5395746

Source: Daily Monitor (Uganda)
  • car recall
  • vehicle safety
  • auto repair

Business 18 March 2026

Court of Appeal Orders KCB Bank to Pay Businesswoman Damages for Breached Promise

Uganda's Court of Appeal has ruled that KCB Bank must compensate Deborah Kigongo of Kaaya Enterprises Limited for failing to issue promised letters of credit, leading to significant business losses. The decision awards damages, costs, and withheld contract funds, serving as a warning to banks on honoring client commitments. Source: https://observer.ug/news/businesswoman-wins-landmark-battle-against-kcb-bank

Source: The Observer (Uganda)
  • kcb-bank
  • court-of-appeal
  • deborah-kigongo

Business 18 March 2026

Igara Tea Factory Grounded by Workers' Strike Over Four Months' Unpaid Wages

Hundreds of workers at Igara Growers Tea Factory in Bushenyi District have halted operations since Monday, protesting four months of unpaid salaries amid claims of mismanagement and massive debts. Local leaders demand urgent action from factory management to avert a collapse in the Ankole tea supply chain. Source: https://www.monitor.co.ug/uganda/news/national/workers-strike-paralyses-igara-factory-operations-5387998

Source: Daily Monitor (Uganda)
  • strike
  • tea-factory
  • igara

Business 18 March 2026

Kadaga Pushes for Ban on Kenyan Traders Buying Directly from Ugandan Farms

Rebecca Kadaga has instructed ministries to block Kenyan traders from purchasing food straight from Ugandan farmers' gardens, citing exploitation and poverty among locals. This move aims to protect farmers and regulate cross-border trade amid ongoing regional tensions. Source: https://www.monitor.co.ug/uganda/business/markets/kadaga-wants-ban-on-kenyan-traders-buying-food-from-farms--5395728

Source: Daily Monitor (Uganda)
  • kadaga
  • kenyan traders
  • uganda farmers

Business 18 March 2026

Insurance Mergers Reshape Uganda's Market with Emergence of Two New Giants

Uganda's insurance sector has rapidly consolidated due to the Insurance Regulatory Authority's (IRA) push for mergers and higher capital requirements, resulting in dominant players like Sanlam Allianz and Jubilee Life overtaking previous leaders in non-life and life segments. Source: https://www.monitor.co.ug/uganda/business/insurance/insurance-mergers-the-making-of-new-giants-5395782

Source: Daily Monitor (Uganda)
  • insurance-mergers
  • ira
  • sanlam-allianz

Business 18 March 2026

US-Israeli Conflict with Iran Disrupts Global Trade and Travel

The ongoing US-Israeli military actions against Iran are causing widespread chaos in global business, from skyrocketing energy costs to flight cancellations and supply chain breakdowns. Industries like aviation, shipping, and manufacturing face severe disruptions as key routes and resources become unreliable. Source: https://www.monitor.co.ug/uganda/news/world/how-us-israeli-war-on-iran-is-upending-global-business-5395776

Source: Daily Monitor (Uganda)
  • iran-war
  • oil-prices
  • aviation

auto 18 March 2026

Car Side Mirrors Adjusting Themselves After Washing: Moisture Culprit Explained

A Ugandan car owner puzzled by side mirrors randomly adjusting post-wash, even with ignition off, learns it's likely due to high-pressure water causing short circuits in mirror electronics. Experts advise avoiding direct jets on electrical parts to prevent such glitches. Source: https://www.monitor.co.ug/uganda/business/auto/why-do-my-car-s-side-mirrors-self-adjust--5395684

Source: Daily Monitor (Uganda)
  • car mirrors
  • car wash
  • electrical fault

Business 18 March 2026

From London Security Guard to Uganda Property Mogul: Yasin Bakaluba Sekimwanyi's Rise

Yasin Bakaluba Sekimwanyi transformed from a security guard in London into a prominent property developer in Uganda, building a multi-million shilling real estate empire through determination and smart investments. Source: https://www.monitor.co.ug/uganda/magazines/homes-and-property/how-a-london-guard-became-a-property-tycoon-in-uganda--5394802

Source: Daily Monitor (Uganda)
  • property-tycoon
  • success-story
  • uganda-real-estate

Business 17 March 2026

Life Insurance Poised to Overtake Non-Life in Uganda's Market

Life insurance in Uganda is rapidly gaining ground on non-life insurance, with market share rising from 37.89% in 2023 to 48.33% by late 2025, driven by robust growth and innovative products. Projections indicate life could surpass non-life as early as 2026, reshaping the industry toward long-term financial protection. Source: https://www.monitor.co.ug/uganda/business/insurance/could-life-insurance-be-the-next-big-thing--5394260

Source: Daily Monitor (Uganda)
  • life insurance
  • non-life insurance
  • ira data

Politics 17 March 2026

Museveni Takes EAC Helm: Path to Umoja Hinges on Timely Budgets and Unity

President Museveni has assumed the EAC chairmanship amid growing intra-regional trade but persistent funding crises, with calls for financial discipline to unlock industrialization for 300 million people. Reforms approved in Arusha aim to enforce contributions and remove barriers towards deeper integration. Source: https://www.monitor.co.ug/uganda/oped/commentary/from-uhuru-to-umoja-east-africa-is-at-the-threshold-of-itself-5394784

Source: Daily Monitor (Uganda)
  • eac
  • museveni
  • umoja

consumer 17 March 2026

Stay Alert: Spotting Counterfeit Goods While Shopping in Uganda

Ugandan consumers face risks from substandard and fake products like juices, sugars, and cosmetics, often sold by unaware traders duped by manufacturers. UNBS campaigns urge vigilance, checking for Q-marks and proper labels to ensure safety and compliance. Source: https://www.monitor.co.ug/uganda/magazines/homes-and-property/what-to-watch-out-for-when-shopping-5394066

Source: Daily Monitor (Uganda)
  • counterfeit
  • unbs
  • shopping

Business 16 March 2026

Mohammed Dewji Stays East Africa's Sole Billionaire on Forbes List

Tanzanian businessman Mohammed Dewji, in his 50s, remains the only billionaire from East Africa on the Forbes list and continues to be recognized as Africa's youngest billionaire. Source: https://www.monitor.co.ug/uganda/news/national/tanzania-s-mohammed-dewji-remains-east-africa-s-only-billionaire-on-forbes-list-5393306

Source: Daily Monitor (Uganda)
  • mohammed-dewji
  • forbes
  • billionaire

Business 16 March 2026

Muwema Law Firm Eviction Turns Criminal Amid Rent Dispute

A routine rent disagreement between Muwema & Co. Advocates and their landlord in Kololo has escalated into a court battle, forced eviction, and robbery allegations after the law firm exercised an option to buy the property. The firm disputes the court's ruling ordering payment of over $372,000 and vacating the premises, now accusing the landlord of seizing their assets illegally. Source: https://www.monitor.co.ug/uganda/news/national/muwema-eviction-rent-saga-takes-darker-turn-5392902

Source: Daily Monitor (Uganda)
  • muwema
  • eviction
  • rent-dispute

Business 16 March 2026

Uganda's Mobile Money Taxes Threaten Digital Financial Inclusion Gains

Uganda's multiple taxes on mobile money transactions, including excise duties on withdrawals and agent commissions, are driving up costs and pushing users back to cash. Experts warn this undermines financial inclusion despite the sector's massive growth to 43 million accounts and Shs326 trillion in transactions. Source: https://www.monitor.co.ug/uganda/business/prosper/mobile-money-taxes-reverse-digital-financial-inclusion-5392494

Source: Daily Monitor (Uganda)
  • mobile money
  • taxes
  • financial inclusion

Business 16 March 2026

Navigating Transfer Pricing Risks for Ugandan Businesses

As Ugandan firms expand globally, transfer pricing scrutiny by the Uganda Revenue Authority intensifies, with risks from mispricing, poor documentation, and unsubstantiated service charges. Proper planning and documentation are key to avoiding penalties and disputes. Source: https://www.monitor.co.ug/uganda/business/prosper/risks-of-transfer-pricing--5392438

Source: Daily Monitor (Uganda)
  • transfer-pricing
  • ura
  • tax-compliance

Business 16 March 2026

East African Real Estate: Balancing High Returns and Risks

Professionally managed short-term apartments in Nairobi and Kampala yield 15-35% annually, topping rental returns amid tourism and business travel recovery. Investors should prioritize tenant demand, location, and avoid common pitfalls like chasing yields without costs. Source: https://www.monitor.co.ug/uganda/business/prosper/the-balance-between-risk-reward-in-e-africa-5392388

Source: Daily Monitor (Uganda)
  • east-africa
  • investment
  • rental-yields

news 16 March 2026

Fort Portal City Launches 5-Day Eviction of Roadside Vendors Starting Monday

Authorities in Fort Portal City have outlined a five-day plan beginning March 16 to clear street vendors, kiosks, and illegal structures from unauthorized spots, relocating them to designated markets. Vendors are pleading for more preparation time, adequate relocation spaces, and dialogue to avoid abrupt displacement. Source: https://www.monitor.co.ug/uganda/news/national/eviction-of-roadside-vendors-in-fort-portal-city-to-last-5-days-5392344

Source: Daily Monitor (Uganda)
  • fort-portal
  • eviction
  • vendors

Business 16 March 2026

ProGigFinder: New Platform Tackles Uganda's Youth Unemployment Crisis

A Ugandan entrepreneur has launched ProGigFinder, a digital marketplace connecting skilled workers with job opportunities to combat rising youth unemployment. With nearly half of youth aged 18-30 jobless or underemployed, the platform enables profiles, bookings, and reviews for gigs in technical and digital services. Source: https://www.monitor.co.ug/uganda/business/technology/new-digital-platform-targets-uganda-s-rising-unemployment-5392622

Source: Daily Monitor (Uganda)
  • unemployment
  • youth
  • gig economy

Business 15 March 2026

Uganda Faces Acute Shortage of Certified Accountants Amid Growth Ambitions

Uganda has only about 6,000 certified public accountants despite needing around 10,000 to support its booming economy and 2040 tenfold growth strategy. The gap is severely impacting SMEs and the informal sector, prompting calls for government scholarships and urgent action. Source: https://www.monitor.co.ug/uganda/news/national/uganda-battles-shortage-of-certified-accountants-5392176

Source: Daily Monitor (Uganda)
  • accountants
  • icpau
  • smes

Business 14 March 2026

15 Northern Uganda Food Processors to Receive Shs600m Grants for Clean Energy Tech

Fifteen food processing businesses in northern Uganda will benefit from Shs600 million in partial grants to adopt renewable energy and efficient technologies, tackling high upfront costs. The initiative, led by GIZ Uganda, the Ministry of Energy, and UIBFS, targets SMEs in Lango, Acholi, and West Nile sub-regions to boost productivity and cut expenses. Source: https://www.monitor.co.ug/uganda/magazines/farming/15-food-processors-to-benefit-from-shs600-million-grants-5390616

Source: Daily Monitor (Uganda)
  • grants
  • renewable energy
  • food processing

lifestyle 13 March 2026

Why Prioritizing Work-Life Beats Chasing Perfect Balance

The traditional idea of balancing work and life is an illusion; instead, experts advocate prioritizing what truly matters in the modern era. This approach helps individuals thrive amid evolving professional demands. Source: https://www.monitor.co.ug/uganda/news/rethink-the-modern-work-life-equation-5119844

Source: Daily Monitor (Uganda)
  • work-life
  • balance
  • prioritization

energy 13 March 2026

Uganda Nears 98% Completion of EACOP Compensation, Eyes July 2026 First Oil

Compensation for those affected by the East African Crude Oil Pipeline (EACOP) has reached 98% completion, as stated by Petroleum Authority of Uganda's Peninah Aheebwa during a parliamentary session. Uganda remains on track for first oil production by the end of July 2026, with significant progress in drilling and project facilities. Source: https://www.parliament.go.ug/news/4296/eacop-compensation-nears-completion-uganda-targets-july-2026-oil-production

Source: Parliament of Uganda
  • eacop
  • oil-production
  • compensation

Politics 13 March 2026

MPs Grill Departed Asians Property Board Over Missing Records and Fraud Risks

Uganda's Parliament has put the Departed Asians Property Custodian Board under scrutiny for incomplete asset registers, delayed sales, and fraud concerns more than 50 years after Idi Amin's expulsion of over 80,000 Asians. Lawmakers demanded a full verified inventory to avoid legal battles and revenue shortfalls. Source: https://www.parliament.go.ug/news/4290/custodian-board-spot-over-departed-asian-properties-inventory

Source: Parliament of Uganda
  • dapcb
  • parliament
  • auditor-general

Business 13 March 2026

Empowering Women in Uganda's Private Security Sector: Time to Break Barriers

Women are proving their competence in private security roles across Uganda, from bodyguarding to risk assessment, yet face ongoing structural challenges. Greater support and inclusion can boost the industry's capacity amid rising demand. Source: https://www.monitor.co.ug/uganda/oped/commentary/women-like-men-are-more-than-able-to-thrive-in-private-security-support-them-5389764

Source: Daily Monitor (Uganda)
  • women-in-security
  • private-security
  • uganda

Business 13 March 2026

Beyond Presence: Empowering Women for Real Influence in Africa's Energy Sector

A Senegalese energy executive argues that simply increasing women's numbers in meetings isn't enough; true progress requires empowering them with decision-making power, as seen in TotalEnergies' projects in Uganda and beyond. She shares personal insights and calls for collective action to shape a fair energy future. Source: https://www.monitor.co.ug/uganda/oped/commentary/the-goal-is-not-simply-more-women-at-the-table-5389706

Source: Daily Monitor (Uganda)
  • women empowerment
  • energy sector
  • totalenergies

Business 12 March 2026

Sweden Allocates Shs1.5 Billion to Empower Ugandan Youth in Coffee Sector

Sweden has provided €360,000 (approximately Shs1.5 billion) through SIDA to Fairtrade Africa for a two-year project promoting youth involvement in Uganda's coffee cooperatives. The initiative targets 500 young people in three Fairtrade-certified cooperatives to support the sector's growth toward a 20 million bag production goal by 2030. Source: https://www.monitor.co.ug/uganda/news/national/sweden-injects-shs1-5-billion-to-boost-youth-in-uganda-coffee-sector-5389528

Source: Daily Monitor (Uganda)
  • sweden
  • coffee
  • youth

Technology 12 March 2026

Centenary Group to Launch Uganda's Inaugural Tier III Data Centre in Masaka

Centenary Group is preparing to open Uganda's first Tier III data centre in Masaka this July, promising 99.982% uptime to bolster the nation's digital economy under NDP IV. The open-access facility will support banks, telecoms, and government while keeping data sovereign within Uganda. Source: https://www.monitor.co.ug/uganda/news/national/first-tier-iii-data-centre-set-to-open-in-masaka-5389478

Source: Daily Monitor (Uganda)
  • data-centre
  • tier-iii
  • masaka

Business 11 March 2026

Why No US Trade Deal for Uganda Despite Critical Minerals and Growing Exports?

Uganda lacks direct binding trade agreements with the US, unlike neighbors like Rwanda and Kenya, relying instead on regional pacts amid new US tariffs. Despite possessing key minerals like graphite and lithium that the US needs, and recent export surges creating surpluses, no formal deal exists to boost commercial ties. Source: https://observer.ug/news/uganda-has-minerals-the-us-needs-so-why-is-there-no-trade-deal

Source: The Observer (Uganda)
  • us-uganda trade
  • agoa
  • critical minerals

Business 11 March 2026

Museveni Unveils Uganda's Pioneer Islamic Insurer Tamini General

President Yoweri Museveni launched Tamini General Insurance, Uganda's first Sharia-compliant insurer, during an Iftar dinner in Kampala. The move builds on recent legal reforms and Salaam Bank's success to boost financial inclusion. Source: https://observer.ug/news/museveni-launches-ugandas-first-islamic-insurance-company

Source: The Observer (Uganda)
  • museveni
  • islamic-finance
  • takaful

Business 10 March 2026

Tanzanian Tycoon Rostam Azizi Takes Over Aga Khan's Nation Media Group Stake

Tanzanian billionaire Rostam Azizi has acquired a controlling 54.08% stake in Nation Media Group from the Aga Khan Fund for Economic Development, concluding 66 years of ownership. The deal involves major East African outlets like Daily Monitor and NTV Uganda. Source: https://www.howwe.ug/news/entertainment/42609/aga-khan-sells-nation-media-empire-to-tanzanian-billionaire-rostam-azizi

Source: Howwe Entertainment
  • nation media group
  • rostam azizi
  • aga khan

Business 9 March 2026

How SMEs can avoid costly mistakes

Many businesses collapse during expansion because they run out of liquid funds while waiting. Source: https://www.monitor.co.ug/uganda/business/prosper/how-smes-can-avoid-costly-mistakes-5384852

Source: Daily Monitor (Uganda)
  • markets
  • economy

Business 8 March 2026

Kampala floods: What next for traders?

The bell that sends learners home usually brings joy and relief. But this time, pupils of. Source: https://www.monitor.co.ug/uganda/news/national/kampala-floods-what-next-for-traders--5384500

Source: Daily Monitor (Uganda)
  • markets
  • economy

Business 16 February 2026

Museveni Names Ex-Ethiopian Airlines Boss Girma Wake as Acting Uganda Airlines CEO

President Yoweri Museveni has appointed Girma Wake, former CEO of Ethiopian Airlines, as Acting CEO of Uganda Airlines to address leadership and management issues. Current CEO Jenifer Bamuturaki has been directed to step aside immediately. Source: https://www.howwe.ug/news/national/42472/president-museveni-appoints-former-ethiopian-airlines-ceo-as-acting-ceo-of-uganda-airlines

Source: Howwe Entertainment
  • museveni
  • uganda airlines
  • girma wake