Section
Market moves, company developments, trade shifts, and economic stories shaping business in and around Uganda.
Business 17 April 2026
Uganda has enlisted Citibank to arrange financing for its $3.19 billion Standard Gauge Railway linking Kampala to Malaba on the Kenyan border. The move follows delays in securing funds and comes amid discussions with the World Bank for support. Source: https://www.monitor.co.ug/uganda/news/national/uganda-appoints-citibank-to-mobilise-funds-for-3-19b-sgr-5427404
Business 17 April 2026
Martin Nsubuga has been reappointed as CEO of the Uganda Retirement Benefits Regulatory Authority (URBRA) for another five-year term, despite the previous board's refusal to renew his contract due to alleged poor performance. The decision follows a court ruling and presidential directive, with confirmation from Treasury officials. Source: https://www.monitor.co.ug/uganda/news/national/nsubuga-reappointed-to-lead-pension-sector-following-board-shakeup-5427252
Business 17 April 2026
Ugandan artistes, led by Uganda Musicians Association secretary Phina Mugerwa, have fiercely opposed a proposal by the Institute of Certified Public Accountants of Uganda (ICPA-U) to increase the withholding tax on public entertainers from 6% to 15%. ICPA-U argues the hike would formalize taxation in the growing entertainment sector and generate Shs10.5 billion annually, but performers call it crippling for their struggling industry. Source: https://www.monitor.co.ug/uganda/news/national/artistes-certified-public-accountants-clash-over-15-withholding-tax-proposal--5427086
Business 17 April 2026
Uganda has streamlined its business registration process, reducing the time required from days to just 45 minutes, according to Minister of State for Investment and Privatisation Evelyn Anite. This reform aims to boost the investment climate in the country. Source: https://www.monitor.co.ug/uganda/news/national/it-now-takes-45-minutes-to-register-business-in-uganda-5426830
Business 16 April 2026
What some call 'fake urgency' in corporate settings is actually essential for keeping complex operations moving forward, preventing delays that could derail entire processes. Effective CEOs master this tension to push teams toward timely decisions and outcomes. Source: https://www.monitor.co.ug/uganda/magazines/jobs-and-career/fake-urgency-in-corporate-and-why-it-matters-5425056
Business 16 April 2026
Uganda's proposed Excise Duty (Amendment) Bill 2026 seeks to increase petrol and diesel taxes by Shs200 per litre, prompting warnings from experts about rising pump prices, living costs, and economic strain. Critics highlight poor timing due to Middle East conflicts disrupting oil supplies. Source: https://www.monitor.co.ug/uganda/business/markets/pain-at-pump-how-a-shs200-fuel-tax-will-drive-up-costs-5425838
Business 16 April 2026
Ugandan banks are rapidly adopting artificial intelligence to gain deeper insights into customer needs and deliver faster, more personalized services. This shift is enhancing operational efficiency and customer satisfaction across the industry. Source: https://www.monitor.co.ug/uganda/business/technology/ai-is-taking-over-banking-5426110
Business 16 April 2026
Spot checks at 17 fuel stations in Kampala reveal diesel prices ranging from Shs5,049 to Shs5,350 per litre and petrol from Shs5,090 to Shs5,400 per litre. Officials assure steady supply as a major consignment moves from Mombasa amid Kenya's VAT cut on fuel. Source: https://www.monitor.co.ug/uganda/news/national/fuel-price-snapshot-kampala-pump-prices-vary-5426166
Business 16 April 2026
Absa Bank Uganda achieved a net profit of Shs222 billion in 2025, up from Shs178 billion the previous year, fueled by robust increases in customer deposits, lending, and net interest income. Executives credit balanced sector lending and economic expansion for the bank's solid performance. Source: https://www.monitor.co.ug/uganda/business/markets/how-absa-made-shs222-billion-in-net-profit-5425764
Business 16 April 2026
Uganda has unveiled the UG Catalyst Summit to harness small and medium enterprises (SMEs) in achieving tenfold economic expansion by 2040 under the Fourth National Development Plan. The event will connect businesses to markets, finance, and support in key sectors like agro-industrialisation and tourism. Source: https://www.monitor.co.ug/uganda/news/national/uganda-bets-on-smes-to-drive-tenfold-economic-growth-by-2040-5425756
Business 15 April 2026
East Africa remains Africa's top-performing region, with GDP growth projected at 6.4 percent for both 2025 and 2026, driven by infrastructure investments and service sector productivity. Standout economies include Ethiopia at 9.8 percent, Uganda at 7.8 percent, and Rwanda at 7.3 percent. Source: https://www.monitor.co.ug/uganda/business/markets/east-africa-tops-africa-growth-rankings-5425262
Business 15 April 2026
Isaac Laago, a driver-guide from Kibuku District, saved up Shs6m to buy his dream 1982 Mercedes-Benz 190E, only to spend another Shs6m on repairs before selling it at a loss. Despite the breakdowns and embarrassment, he cherishes the memories and lessons from his first car adventure. Source: https://www.monitor.co.ug/uganda/business/auto/my-shs6m-benz-drained-all-my-savings-5424994
Business 15 April 2026
New census data reveals that nearly half of urban households and over 70% in Kampala depend on charcoal for cooking due to its low cost, hindering the government's push for cleaner energy alternatives like electricity and LPG. Source: https://www.monitor.co.ug/uganda/business/markets/charcoal-transition-runs-into-an-affordability-trap-5424184
Business 15 April 2026
Global businesses thrive by prioritizing tax compliance, gaining lower defense costs, better reputation, and edge in competition. A solid plan involves grasping transaction taxes, meticulous records, deadlines, staff training, and compliant partners. Source: https://www.monitor.co.ug/uganda/oped/commentary/tax-compliance-plan-will-help-mitigate-tax-risk-5425218
Business 15 April 2026
Uganda's Stamp Duty (Amendment) Bill, 2026, introduces new stamp duties on vehicle registrations, but fails to account for existing duties on insurance policies, leading to double taxation for vehicle owners. Experts suggest exemptions or adjustments to prevent owners from paying twice for the same vehicle. Source: https://www.monitor.co.ug/uganda/business/finance/new-vehicle-fee-has-a-double-taxation-flaw-5425228
auto 15 April 2026
A whistling sound during gear shifts in a manual pickup truck could signal issues like a faulty clutch, gearbox problems, poor oil quality, or an engine vacuum leak. Drivers should investigate promptly to avoid major component failure. Source: https://www.monitor.co.ug/uganda/business/auto/should-i-be-worried-about-a-whistling-sound-as-i-shift-gears--5424974
auto 15 April 2026
Clutch plates in manual vehicles wear out faster in urban stop-and-go traffic due to repeated slipping and heat buildup, even without aggressive driving. Factors like riding the clutch, improper hill holding, and mechanical issues exacerbate the problem in places like Kampala. Source: https://www.monitor.co.ug/uganda/business/auto/why-does-my-clutch-wear-out-fast-in-city-traffic--5424962
auto 15 April 2026
Deep bass from certain songs can set off car alarms due to sensitive vibration sensors mistaking sound waves for impacts. Adjusting sensitivity or upgrading the alarm can prevent these false activations. Source: https://www.monitor.co.ug/uganda/business/auto/my-car-alarm-goes-off-whenever-certain-songs-play-5424944
auto 15 April 2026
Water droplets forming inside car windows, even on dry nights, are typically due to condensation from trapped moisture in the cabin. Common culprits include damp items, breathing, clogged filters, and poor ventilation, with simple steps like cleaning glass and using desiccants offering relief. Source: https://www.monitor.co.ug/uganda/business/auto/why-are-there-water-droplets-inside-my-car--5424924
Business 15 April 2026
The Institute of Certified Public Accountants of Uganda has called for the removal of clauses in the Income Tax (Amendment) Bill 2026 that impose taxes on disposing non-business assets and a 6% withholding tax on related purchases. The body presented various recommendations to Parliament's finance committee, opposing measures that burden citizens and hinder investment while supporting others to broaden the tax base. Source: https://www.parliament.go.ug/news/4395/accountants-body-opposes-taxation-disposal-non-business-assets
Business 15 April 2026
Uganda's telecom firms, led by MTN, have petitioned Parliament to cut the 0.5% tax on mobile money cash withdrawals from 0.5% to 0.25% with a Shs5,000 cap, citing its heavy impact on low-income users. They argue lower rates would boost transactions and government revenue while also calling for smartphone import duty relief. Source: https://www.parliament.go.ug/news/4396/telecoms-push-cuts-mobile-money-tax
Business 15 April 2026
Founder CEOs build businesses from the ground up with sharp intuition and bold vision, while manager CEOs excel at stabilizing and scaling established operations through systems and processes. The article explores their strengths, limitations, and complementary roles, drawing examples from global and Ugandan business leaders. Source: https://www.monitor.co.ug/uganda/magazines/jobs-and-career/founder-ceos-vs-manager-ceos-5425084
Business 15 April 2026
Uganda's insurance sector has grown its coverage from 405,837 to 506,119 people between Q2 2024 and Q2 2025, yet penetration stays at about 1%. Insurers are now prioritizing SMEs and the informal sector with affordable products to boost uptake. Source: https://www.monitor.co.ug/uganda/news/national/insurers-shift-focus-to-smes-as-coverage-hits-506-000-5424996
Business 15 April 2026
Uganda currently offers the cheapest petrol and diesel prices across East Africa, boosted by Kenya's recent fuel price hike where diesel increased by 40 shillings per litre. Source: https://www.monitor.co.ug/uganda/news/national/uganda-has-cheapest-pump-prices-in-east-africa-as-nairobi-hits-regional-high-5424282
Business 15 April 2026
Uganda's updated Building Control Act 2026 introduces stricter penalties and faster enforcement to address long-standing compliance issues in construction, but its success hinges on realistic application amid market challenges. Experts call for regularization programs and capacity building to balance firmness with practicality. Source: https://www.monitor.co.ug/uganda/oped/commentary/building-control-act-2026-is-the-right-move-but-it-must-be-grounded-in-reality-5424278
Politics 15 April 2026
The Financial Intelligence Authority (FIA) deputy executive director states that frozen NGO bank accounts will be released once they submit required documents to clear suspicions of illicit funding ahead of the 2026 elections. Affected organizations like Chapter Four and the African Institute for Investigative Journalism are preparing to comply, with FIA assuring a swift three-day review process. Source: https://www.monitor.co.ug/uganda/news/national/financial-intelligence-authority-boss-speaks-out-on-closed-ngos-5424270
Business 15 April 2026
The Kampala City Traders Association (KACITA) and Uganda Manufacturers Association (UMA) have presented memoranda to Parliament's Finance Committee, warning that the proposed tax amendments for 2026/27 will raise business costs, squeeze cash flows, and drive firms informal. They call for revisions including higher thresholds, lower rates, and easing appeal barriers to support recovery and competitiveness. Source: https://www.parliament.go.ug/news/4394/manufacturers-traders-ask-govt-stay-tax-increases
Business 15 April 2026
The Pharmaceutical Society of Uganda's (PSU) attempt to enforce a Shs 2 million monthly minimum fee for pharmacists has been ruled illegal by the Solicitor General's office, sparking debate on professional bodies' authority. This decision underscores limits on wage-setting powers outside parliamentary legislation. Source: https://observer.ug/news/pharmacists-minimum-wage-plan-hits-legal-wall
Business 14 April 2026
A massive fuel shipment of 119 million litres is set to dock at Mombasa Port on Wednesday, coordinated by UNOC and the Energy Ministry, as petrol and diesel prices in Uganda climb sharply to averages of Shs5,400 and Shs5,350 per litre respectively. Officials warn oil firms against exploiting the situation driven by global tensions. Source: https://www.monitor.co.ug/uganda/news/national/govt-says-119m-litres-fuel-vessel-docks-wednesday-as-pump-prices-surge-5423288
construction 14 April 2026
With the Building Control Act 2026 introducing stricter regulations and penalties via the National Building Review Board, builders must understand the benefits of ready-mix concrete over on-site batching for quality and efficiency. An expert highlights how ready-mix ensures consistent quality, reduces waste, and boosts durability amid rising construction demands. Source: https://www.monitor.co.ug/uganda/oped/commentary/ready-mix-vs-on-site-batching-what-builders-must-know-under-new-law--5423264
Business 14 April 2026
Vendors along the Kampala-Gulu highway in Luweero and Nakasongola districts face eviction under a government trade order, sparking protests from traders who fear losing their main customers—highway travelers. Over 2,000 sellers of roasted foods, fruits, and drinks plead for alternatives as kiosks are demolished. Source: https://www.monitor.co.ug/uganda/news/national/traders-protest-travellers-to-starve-as-kampala-gulu-highway-roadside-vendors-face-eviction-5422994
Business 14 April 2026
In Uganda's vibrant culture of hospitality and entrepreneurship, personal branding thrives on authenticity rather than manufactured images, with 80% of global recruiters valuing it highly. Root your brand in core values, consistency, and meaningful relationships to create a lasting legacy. Source: https://www.monitor.co.ug/uganda/oped/letters/craft-your-authentic-ugandan-personal-brand-5422894
Business 13 April 2026
Uganda is hosting a delegation of Chinese investors through the Uganda–China Coffee Investment and Destination Tour from April 10 to 23, 2026, to boost trade, investment, and tourism. The group will visit industrial parks, coffee facilities, and top tourist sites to explore opportunities. Source: https://www.monitor.co.ug/uganda/news/national/uganda-hosts-chinese-investors-in-bid-to-strengthen-trade-promote-tourism-5422728
Business 13 April 2026
Uganda's 2026/27 tax amendments aim to raise Shs4.8 trillion amid rising public debt, but tax policy analyst Aloysious Kittengo cautions that several measures unfairly burden households, small businesses, and key sectors without broadening the tax base effectively. Source: https://www.monitor.co.ug/uganda/business/prosper/-tax-measures-will-squeeze-taxpayers--5421654
Business 13 April 2026
The Ugandan government has proposed a 30 percent environmental levy on imported used clothes to reduce environmental waste and boost local textile production, potentially raising the total tax burden to 93 percent. Critics warn of higher prices for consumers, smuggling risks, and challenges for low-income households reliant on affordable mivumba. Source: https://www.monitor.co.ug/uganda/business/prosper/new-tax-on-used-clothes-hits-importers-5421752
Business 13 April 2026
Starbucks boasts that 99 percent of its coffee beans come from ethical sources, but the real profits largely bypass farmers and suppliers. A closer look reveals how the coffee giant channels gains to its corporate core. Source: https://www.monitor.co.ug/uganda/business/prosper/who-really-profits-from-your-starbucks-coffee--5421572
Business 13 April 2026
Uganda's fintech sector thrives on mobile money and hybrid models amid low internet penetration of 34.4%, outpacing formal bank accounts with 34.6 million users by 2025. Investors overlook the boom in offline solutions like USSD, agent networks, and platforms serving rural areas. Source: https://www.monitor.co.ug/uganda/business/prosper/what-investors-are-missing-in-the-offline-fintech-boom-5421656
Business 13 April 2026
Modern economies require far less oil per unit of GDP growth compared to the 1970s, making current $100 per barrel prices less damaging despite Middle East tensions. Investors can find opportunities in diversified portfolios and undervalued assets like Asian equities. Source: https://www.monitor.co.ug/uganda/oped/commentary/why-100-oil-isn-t-economy-killer-5421778
Business 13 April 2026
The recent WTO Ministerial Conference in Yaoundé ended in stalemate on key African priorities like agriculture and development, signaling the need for Africa to evolve its trade approach. While staying engaged in the WTO is crucial, the continent should prioritize regional integration via the AfCFTA and other platforms for real progress. Source: https://www.monitor.co.ug/uganda/oped/commentary/what-should-africa-s-trade-strategy-be--5421736
Business 12 April 2026
The Ugandan shilling traded between 3,690 and 3,698 per USD as of April 11, 2026, after recent gains faded due to cautious global risk sentiment and falling Treasury bill yields. Experts highlight vulnerabilities from oil price swings and a shaky US-Iran ceasefire. Source: https://www.monitor.co.ug/uganda/news/national/fragile-ceasefire-falling-yields-leave-uganda-s-shilling-range-bound-5421532
Business 12 April 2026
The Uganda Tea Association is pressing the government to expedite Shs152 billion in working capital support to bolster the tea industry's recovery from global shocks that slashed prices to $0.50 per kg and cut production by a third. Officials warn delays could jeopardize progress, while highlighting partnerships for better financing and a shift to direct exports. Source: https://www.monitor.co.ug/uganda/news/national/tea-sector-seeks-shs152b-bailout-to-sustain-recovery-5421462
Business 12 April 2026
Uganda's electricity exports rose 34 percent to $72 million (Shs267 billion) from March 2025 to February 2026, fueled by surplus energy sold to Kenya, Rwanda, Tanzania, and DR Congo. The Karuma Hydropower dam has boosted capacity to 2,048 MW, positioning the country for regional power trading. Source: https://www.monitor.co.ug/uganda/business/markets/electricity-exports-rise-34-percent-to-shs267b-5421452
Business 12 April 2026
Uganda's national budget follows a continuous annual cycle managed by the Finance Ministry under President Museveni's oversight, starting post-June reading and shaping up by September through a participatory, programme-based approach. For the 2026/27 financial year, the government targets Shs84.2 trillion, with Shs44.5 trillion from domestic sources, emphasizing accountability in allocations amid concerns over underfunded key sectors. Source: https://www.monitor.co.ug/uganda/business/finance/how-uganda-s-national-budget-comes-to-life-5421440
Business 12 April 2026
Oil prices jumped sharply after the US announced a blockade on Iranian shipping through the Strait of Hormuz following collapsed peace talks, while the dollar firmed and Asian stocks declined. Investors fear prolonged high energy costs could fuel inflation, prompting expectations of central bank rate hikes. Source: https://www.monitor.co.ug/uganda/news/world/oil-leaps-dollar-firm-and-stocks-wobble-as-us-iran-peace-talks-collapse-5421436
Business 12 April 2026
Nebbi Municipality's installation of 190 solar-powered streetlights on 13 major streets has improved security and extended business hours, leading to higher sales for vendors. Local traders report significant gains despite some concerns over potential social issues. Source: https://www.monitor.co.ug/uganda/news/national/solar-streetlights-boost-night-businesses-in-nebbi-5421044
agriculture 12 April 2026
The Ugandan government insists that all agricultural products for export must obtain international certification to access global markets effectively. Officials launched a Netherlands-based certification body to aid exporters targeting Europe and America. Source: https://www.monitor.co.ug/uganda/news/national/all-agricultural-products-for-exports-must-meet-international-certification-says-govt-5420942
Politics 12 April 2026
The Ugandan government will allocate funding to its foreign missions based on their success in driving economic diplomacy, focusing on tangible outcomes like increased exports, tourism, and investments rather than mere protocol duties. This shift was announced during a review retreat for missions in Europe and the Americas. Source: https://www.monitor.co.ug/uganda/news/national/govt-to-fund-missions-according-to-performance-5420724
Business 12 April 2026
Uganda's central bank has released draft guidelines to strengthen corporate governance in the rapidly expanding fintech sector, where mobile money handles trillions in transactions. The rules aim to replace informal startup practices with robust boards and risk management, amid concerns over outdated structures. Source: https://www.monitor.co.ug/uganda/business/technology/local-fintech-sector-stares-at-its-governance-moment-5420712
agriculture 11 April 2026
Uganda Tea Association leaders are urging government action on working capital, logistics, and mechanization to boost tea production after years of market shocks reduced output from 60 to 40 million kilograms annually. Officials highlight a Shs310 billion intervention plan, including fertilizer subsidies and processor bailouts, to enhance quality and market access. Source: https://www.monitor.co.ug/uganda/news/national/farmers-push-for-reforms-to-boost-tea-production-5419972
Business 10 April 2026
In Nansana, Wakiso District, the Tu Es Belle Foundation is empowering young people, especially women, by combining spiritual guidance with business training, startup capital, and job opportunities to overcome economic challenges. Beneficiaries like Flavia Nakayiki and Charity Nshabohurirra have turned unemployment into sustainable enterprises supporting their families. Source: https://www.monitor.co.ug/uganda/news/national/how-local-foundation-has-assisted-residents-turn-faith-into-enterprise-5419442
world 10 April 2026
Ship movements through the Strait of Hormuz have barely picked up after the U.S.-Iran ceasefire, with only 15 vessels passing since April 8 according to Kpler data. Iran is directing ships through its waters near Larak Island amid ongoing risks and toll rumors. Source: https://www.monitor.co.ug/uganda/news/world/hormuz-remains-at-near-standstill-after-ceasefire-5419796
Business 10 April 2026
Street vendor evictions in Nebbi town by municipal authorities have driven up food prices, hitting low-income residents hard as affordable options vanish. Vendors report sharp drops in sales while pushing for alternative trading spots amid infrastructure upgrades. Source: https://observer.ug/news/food-prices-rise-in-nebbi-after-vendor-evictions
Business 10 April 2026
The East African Community's global merchandise trade reached $42.4 billion in the final quarter of 2025, fueled by robust export growth outpacing imports and narrowing the trade deficit significantly. Regional integration advanced with strong intra-EAC and intra-African trade expansions. Source: https://www.monitor.co.ug/uganda/news/national/eac-global-merchandise-trade-rises-5419114
Technology 10 April 2026
TVET Council Chairperson Allen Kagina has urged the government and private sector to collaborate in supporting Ugandan youth innovators to turn their concepts into marketable products, reducing dependency. She highlighted initiatives like MTN's partnerships and expansions of ICT hubs nationwide during a visit to Nakawa's National ICT Hub. Source: https://www.monitor.co.ug/uganda/news/national/kagina-young-innovators-need-support-to-move-ideas-to-market-5418820
Business 9 April 2026
Uganda's Energy Minister Ruth Nankabirwa has cautioned oil marketing companies against raising pump prices without justification, emphasizing government control over fuel imports via UNOC. She highlighted that global supply diversification protects against price volatility from Middle East tensions. Source: https://www.monitor.co.ug/uganda/news/national/govt-warns-fuel-firms-against-hiking-prices-5418692
Business 9 April 2026
Bank of Uganda Governor Dr Michael Atingi-Ego has highlighted that more than Shs2 trillion is stuck in 623 unresolved banking cases, describing it as dead capital hindering economic growth. Chief Justice Flavian Zeija noted that pending cases in the Commercial Division alone total Shs3.5 trillion, urging a shift to alternative dispute resolution (ADR) to unlock this frozen capital. Source: https://www.monitor.co.ug/uganda/news/national/shs2-trillion-locked-in-unresolved-disputes-bou-5418688
Business 9 April 2026
Uganda's total public debt has reached Shs130.8 trillion by the end of 2025, with domestic borrowing slightly edging out external debt at Shs66 trillion and Shs64 trillion respectively. The debt-to-GDP ratio has climbed to 52 percent, exceeding the IMF's 50 percent threshold, while debt servicing is projected to consume nearly half of government revenues. Source: https://www.monitor.co.ug/uganda/business/finance/uganda-s-public-debt-climbs-to-shs130-trillion--5418636
Business 9 April 2026
Uganda's High Court has ruled in favor of Absa Bank Uganda, formerly Barclays, dismissing liability for an unauthorized Shs 8.5 million withdrawal from customer Eron Kabachwamba's account due to her failure to secure her card and PIN. The decision overturned a lower court's order for the bank to refund the amount. Source: https://observer.ug/news/court-faults-customer-clears-absa-in-shs-8m-fraud-case
Business 9 April 2026
Voluntary savings at Uganda's National Social Security Fund (NSSF) have skyrocketed to Shs114 billion, exceeding initial expectations. Officials were surprised by the strong public response despite concerns over mandatory contributions. Source: https://www.monitor.co.ug/uganda/news/national/nssf-voluntary-savings-surge-to-shs114-billion-5418480
Politics 9 April 2026
Uganda's MPs have rallied behind the Uganda National Bureau of Standards (UNBS) to retain its Non-Tax Revenue, arguing that current funding shortages are hampering efforts to curb substandard products. They cite the National Drugs Authority's success as a model for improved efficiency. Source: https://www.parliament.go.ug/index.php/news/4386/mps-side-unbs-retain-non-tax-revenue
Business 9 April 2026
Collective investment schemes in Uganda have amassed Shs5.6 trillion in savings by December 2025, with over 180,000 Ugandans participating amid booming capital market interest. Public offers have raised Shs2.3 trillion, pushing domestic market capitalisation to Shs15.9 trillion. Source: https://www.monitor.co.ug/uganda/business/finance/collective-investment-schemes-amass-shs5-6-trillion-5417824
Business 9 April 2026
As petrol prices approach Shs5,400 per litre in Uganda, drivers can cut consumption significantly through smooth driving, regular maintenance, and smart habits. Simple changes like steady speeds and proper tyre pressure are helping motorists save thousands weekly. Source: https://www.monitor.co.ug/uganda/business/auto/how-to-make-every-litre-of-your-fuel-last-5417158
Business 8 April 2026
Global oil prices dropped sharply below $100 per barrel following U.S. President Donald Trump's announcement of a two-week ceasefire with Iran, contingent on reopening the Strait of Hormuz. The decline was amplified by a larger-than-expected rise in U.S. crude inventories. Source: https://www.monitor.co.ug/uganda/news/world/oil-tumbles-below-100-after-trump-announces-two-week-ceasefire-5417162
Business 7 April 2026
The sudden closure of Capital Chicken's Kampala offices in late 2023 revealed a massive Ponzi scheme that duped thousands of Ugandans with false promises of high returns from chicken farming investments. Directors allegedly vanished with billions, leaving investors in ruins and sparking outrage over regulatory failures. Source: https://www.monitor.co.ug/uganda/business/finance/how-chicken-became-uganda-s-most-lucrative-lie-5416212
Business 7 April 2026
The Bank of Uganda has signed agreements with two companies to supply gold, amid booming exports that reached $5.8 billion (Shs21.1 trillion) last year, marking a 44% increase. Source: https://www.monitor.co.ug/uganda/business/markets/bou-signs-contracts-with-two-companies-to-supply-gold-5416198
Business 7 April 2026
Brazil has added Chinese electric vehicle giant BYD to a 'dirty list' of companies accused of subjecting workers to degrading, slavery-like conditions. The move highlights ongoing labor concerns in the country's manufacturing sector. Source: https://www.monitor.co.ug/uganda/news/brazil-puts-china-s-byd-on-list-of-shame-for-workers-past-slavery-like-conditions-5416160
Business 7 April 2026
West Nile has transformed over the past two decades from a remote transit point into Uganda's key business hub, fueled by strategic borders, infrastructure upgrades, and vibrant markets serving South Sudan, DRC, and CAR. Improved roads, power, and planned projects position it for $2.8 billion in investments and 150,000 jobs. Source: https://www.monitor.co.ug/uganda/news/national/west-nile-from-frontier-outpost-to-uganda-s-trade-powerhouse-5415604
Technology 7 April 2026
Many Ugandan organizations register for data protection compliance but neglect actual implementation until renewal, treating it as a checklist rather than an ongoing commitment. Experts urge building a robust data governance culture through mapping, accountability, safeguards, and training to protect data effectively. Source: https://www.monitor.co.ug/uganda/business/technology/data-protection-prepared-on-paper-exposed-in-practice-5415384
Business 7 April 2026
Quality assurance goes beyond final product checks, embedding consistency into processes, training, and supplier choices to build trust and efficiency. Adopting systems like ISO certification helps businesses of all sizes reduce errors, boost competitiveness, and ensure sustainable growth. Source: https://www.monitor.co.ug/uganda/business/prosper/businesses-that-win-build-systems-5415208
Business 6 April 2026
21-year-old Bashil Hamis, a Senior Six graduate awaiting university, drives for six ride-hailing apps in Uganda, earning up to Shs450,000 on peak days after expenses. His story underscores the booming gig economy amid rising app adoption. Source: https://www.monitor.co.ug/uganda/business/prosper/wheels-of-ambition-a-student-s-story-5414442
Business 6 April 2026
Uganda is issuing its first sovereign Sukuk bond worth €405.5 million (Shs1.75 trillion) to fund 15% of Phase 1 of the Standard Gauge Railway from Malaba to Kampala. This Shariah-compliant instrument diversifies funding amid rising public debt and taps into the global Islamic finance market. Source: https://www.monitor.co.ug/uganda/business/prosper/uganda-rolls-the-dice-on-first-sukuk-bond-5414422
Business 6 April 2026
Uganda's business registrations surged 19% in 2024/25, but many entrepreneurs face steep compliance costs and obligations after formalising. Experts advise weighing benefits like credibility and contracts against hidden expenses before incorporating. Source: https://www.monitor.co.ug/uganda/business/prosper/is-it-time-to-formalise-your-business--5414390
Business 6 April 2026
Uganda's government proposes reducing the maximum age for imported vehicles from 15 to 13 years and adding a 50% environmental levy on cars older than 13, aiming to cut pollution but likely raising used car prices significantly. Dealers and analysts warn of affordability issues for low-income buyers, while environmentalists praise the move for cleaner air. Source: https://www.monitor.co.ug/uganda/business/prosper/bumpy-ride-for-motorists-with-new-tax-on-used-cars-5414316
news 6 April 2026
Jinja City authorities have demolished illegal kiosks and structures to restore order in the commercial sector, drawing praise from some for promoting fairness and investment while others decry the lack of relocation options and prior notice. The operation targets congestion in key areas like Walukuba–Kyabazinga Lane and major markets. Source: https://www.monitor.co.ug/uganda/news/national/mixed-reactions-as-jinja-enforces-trade-order-5415174
Business 6 April 2026
With formal jobs scarce and wages often insufficient, many Ugandans are launching side ventures like baking, tutoring, and online sales to build financial security. Experts stress the need for market research, cost tracking, and disciplined management to turn these hustles into sustainable income sources. Source: https://www.monitor.co.ug/uganda/business/prosper/build-other-income-streams-beyond-your-job-5414312
Business 6 April 2026
The African Development Bank has introduced a comprehensive five-pillar plan aimed at increasing domestic revenue across Africa through targeted quick wins and long-term reforms. Key actions include broadening taxpayer registration and improving tax collection efficiency. Source: https://www.monitor.co.ug/uganda/news/national/afdb-unveils-5-pillar-plan-to-boost-africa-s-domestic-revenue-5415074
Business 6 April 2026
Vitol Bahrain, the exclusive petroleum supplier for Uganda National Oil Company, is grappling with severe supply chain issues due to Iran's restrictions on the Strait of Hormuz amid escalating US-Israel conflict. Executives are visiting Uganda to reassure officials on continued fuel deliveries despite skyrocketing costs and risks. Source: https://www.monitor.co.ug/uganda/news/national/ugandan-bulk-oil-supplier-suffers-major-setbacks-in-iran-war-5414906
Business 6 April 2026
President Museveni has renewed the contract of Uganda Investment Authority Executive Director Robert Mukiza for another five years, praising his role in stabilizing the agency and boosting investor confidence. Under Mukiza's leadership, Uganda earned top investment destination honors and saw FDI inflows rise significantly. Source: https://www.monitor.co.ug/uganda/news/national/why-museveni-renewed-contract-of-uia-executive-director-mukiza-5414950
Business 6 April 2026
Uganda made its debut at the Melbourne International Coffee Expo 2026 to promote value addition in its coffee sector and attract investments from Australia. As a top global producer and Africa's second-largest exporter, the country aims to shift from raw bean exports to capturing profits in roasting, branding, and packaging. Source: https://www.monitor.co.ug/uganda/news/national/uganda-eyes-australia-coffee-market-with-value-addition-strategy-5414768
Business 5 April 2026
Uganda's stock market is rebounding with higher turnover and volumes in February, driven by key players like MTN Uganda and Stanbic Bank Uganda, as declining government bond yields shift investor focus from fixed income to equities. Source: https://www.monitor.co.ug/uganda/business/finance/ugandan-stocks-gain-as-bond-market-cools-5414262
Business 5 April 2026
Uganda's Fourth National Development Plan (NDP IV) sets high targets for private sector growth to drive economic transformation. Officials aim to boost investment, job creation, and key industries through ambitious strategies. Source: https://www.monitor.co.ug/uganda/business/finance/government-sets-ambitious-private-sector-targets-under-ndp-iv-5414250
Business 5 April 2026
New tax proposals to raise excise duties on cement and paints are set to increase construction costs, ultimately pushing up housing prices across Uganda. Industry experts warn that this could exacerbate the ongoing housing affordability crisis. Source: https://www.monitor.co.ug/uganda/business/finance/-new-tax-proposals-will-push-up-housing-costs-5411544
Business 5 April 2026
Oil prices rose sharply on Monday due to ongoing supply fears from the US-Israeli war with Iran, which has closed the Strait of Hormuz and disrupted shipping. Brent crude climbed 1.6% to $110.74 per barrel, while WTI gained 0.6% to $112.25. Source: https://www.monitor.co.ug/uganda/news/world/oil-prices-rise-as-us-israeli-war-with-iran-continues-to-disrupt-supply-5414206
Business 4 April 2026
The third installment of the book 'Reinventing Uganda: Political...' explores the remarkable economic ascent of the Somali community in Uganda following Idi Amin's ouster in 1979, detailing their strategies and contributions to the nation's commerce. Source: https://www.monitor.co.ug/uganda/magazines/people-power/revisiting-the-economic-rise-of-somalis-after-fall-of-amin-5412908
Business 4 April 2026
Fuel prices across East Africa vary significantly, with Nairobi offering the lowest rates while Kigali remains the most expensive, even as Middle East tensions push global oil to $120 per barrel. Uganda maintains ample fuel stocks to meet short-term demands, according to government assurances. Source: https://www.monitor.co.ug/uganda/news/national/east-africa-s-fuel-prices-a-tale-of-contrasts-5413428
Business 4 April 2026
President Museveni has reappointed Robert Mukiza as Director General of the Uganda Investment Authority for another five years, praising his role in boosting stability and investor trust. He urged the agency to prioritize industrial parks and land acquisition to drive Uganda towards a $500 billion economy. Source: https://www.monitor.co.ug/uganda/news/national/museveni-reappoints-mukiza-uia-boss-5413238
Business 4 April 2026
Uganda's transition to digital motor third-party insurance aims to reduce fraud and improve verification, but faces hurdles like uneven adoption, agent malpractices, and poor awareness. With over two million vehicles on roads and only 577,000 insured in 2025, reforms seek higher coverage limits and better enforcement to boost compliance. Source: https://www.monitor.co.ug/uganda/business/insurance/is-digital-motor-insurance-in-fast-lane-or-dead-end--5412944
agriculture 3 April 2026
Shea butter and coffee dominated the spotlight at the five-day agriculture exhibition in Gulu, blending traditional practices with cutting-edge research to boost northern Uganda's farming economy. Experts highlighted innovations in processing, cultivation, and value addition to help farmers achieve higher incomes and sustainability. Source: https://www.monitor.co.ug/uganda/magazines/farming/shea-butter-coffee-take-centre-stage-at-agriculture-exhibition-5412894
Business 3 April 2026
Achieving real wealth goes beyond accumulating money; it involves gaining time freedom by building systems that minimize trading hours for income. Discipline, skills, assets, and smart habits form the path to lasting financial independence. Source: https://www.monitor.co.ug/uganda/oped/commentary/wealth-building-is-a-long-journey-not-a-sprint-5412194
Business 3 April 2026
Uganda's Finance Minister Matia Kasaija has named four experienced professionals, led by former EAC Customs Director Kenneth Bagamuhunda, to the Tax Appeals Tribunal. Stakeholders expect the move to improve dispute resolutions and boost trust among businesses and investors. Source: https://www.monitor.co.ug/uganda/news/national/former-eac-director-general-among-four-new-members-appointed-to-tax-appeals-tribunal--5412784
Business 3 April 2026
Ugandan business leaders are calling on the government to craft the FY 2026/27 budget around the needs of everyday citizens, emphasizing support for healthcare, risk protection, and small businesses amid rising taxes. They highlight ongoing economic pressures and warn against measures that could deepen hardships without adequate safeguards. Source: https://www.monitor.co.ug/uganda/news/national/business-firms-ask-govt-to-focus-budget-on-ordinary-citizens-5412706
Business 3 April 2026
The East African Crude Oil Pipeline (EACOP) represents a major step toward regional self-reliance, with advanced technology and local workforce involvement driving long-term economic growth. Its true success will be measured in the coming decades through enhanced skills, infrastructure, and connectivity across Uganda and East Africa. Source: https://www.monitor.co.ug/uganda/oped/commentary/eacop-s-true-judgment-will-come-10-to-20-years-from-now-5412188
Politics 3 April 2026
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 trader anxieties sparked by media reports and land ownership issues. Source: https://www.parliament.go.ug/index.php/news/4325/kcca-will-not-demolish-owino-market
Business 3 April 2026
With increasing workforce participation among Ugandan parents, demand for daycare services is surging, presenting business opportunities but also significant safety and regulatory hurdles. Experts outline essential steps including licensing, secure facilities, trained staff, and adherence to child safety standards. Source: https://www.monitor.co.ug/uganda/news/national/what-it-takes-to-start-a-daycare-centre-in-uganda-5412026
Business 2 April 2026
Uganda's bond market is pushing back against expectations of lower interest rates, introducing uncertainty and contention into the country's rate cycle. Various market forces are increasingly influencing the trajectory of monetary policy. Source: https://www.monitor.co.ug/uganda/business/markets/uganda-s-bond-market-pushes-back-on-lower-rates-5411546
Business 2 April 2026
The World Bank has approved Shs2 trillion to support development in 10 cities across Uganda. The initiative is expected to generate at least 40,000 direct jobs, with 20,000 being permanent positions. Source: https://www.monitor.co.ug/uganda/business/finance/world-bank-approves-shs2-trillion-for-10-cities-5411526
Business 2 April 2026
Motorists from Kenya's Busia County are crossing into Uganda to refuel at lower prices, as Kenyan pump costs climb to around KShs 171-200 per litre. Local Ugandan riders worry about increased competition and fuel affordability challenges. Source: https://observer.ug/news/kenyan-motorists-dash-to-uganda-for-cheaper-fuel
Politics 2 April 2026
Uganda's MPs have rallied behind the Uganda National Bureau of Standards (UNBS) to retain its Non-Tax Revenue, arguing that current funding shortages are hampering efforts to combat substandard products. They point to the National Drugs Authority's success as a model for improved efficiency. Source: https://www.parliament.go.ug/news/4386/mps-side-unbs-retain-non-tax-revenue
Business 2 April 2026
Uganda's sugar industry stakeholders have convinced the government to lift its ban on roadside sugarcane weighbridges, opting instead for strict regulations to prevent theft and ensure fair trade. The decision came after a key meeting led by the State Minister for Trade, addressing concerns from farmers in Busoga. Source: https://www.monitor.co.ug/uganda/news/national/govt-rescinds-decision-to-ban-roadside-sugarcane-weighbridges-5411618
education 2 April 2026
Gloria Sebikari highlights the strategic value of learning French for Ugandans, especially in the energy sector with partners like TotalEnergies, and shares her personal journey earning a DELF diploma. She emphasizes how the language fosters cultural connections and economic opportunities across Africa's Francophone nations. Source: https://www.monitor.co.ug/uganda/oped/letters/why-learning-french-matters-for-uganda-5411574
Business 2 April 2026
As Ugandan listed firms release 2025 financial results, experts highlight the critical need for robust sustainability reports beyond basic CSR efforts to meet evolving investor demands focused on ESG factors. Aligning with global standards like ISSB is essential to address material risks and attract future capital. Source: https://www.monitor.co.ug/uganda/oped/commentary/why-companies-must-produce-sustainability-reports-5411374
Business 2 April 2026
Uganda highlighted its premium coffee, tea, and dairy products at the HOTELEX Shanghai 2026 expo, organized by its Beijing embassy, to connect exporters with Chinese buyers ahead of China's zero-tariff policy on African exports starting in May. Source: https://www.monitor.co.ug/uganda/news/national/uganda-showcases-premium-coffee-tea-and-dairy-products-at-shanghai-expo-5411334
Business 2 April 2026
The Uganda Investment Authority board has decided to replace Director General Robert Mukiza with his deputy, Martin Muhangi, following a dismal performance review scoring him at 37 percent over five years. Mukiza's contract expires this month without renewal application amid governance issues and past corruption probes. Source: https://observer.ug/news/uia-board-moves-to-replace-mukiza-as-director-general
Business 2 April 2026
Ugandan local authorities are demolishing makeshift roadside stalls and containers across cities and towns to enforce trade order, following a Ministry of Local Government directive. Vendors report devastating losses and plead for relocation options amid rising rents. Source: https://www.monitor.co.ug/uganda/special-reports/govt-razes-livelihoods-as-roadside-kiosks-containers-are-removed-5410956
Business 1 April 2026
Uganda Airlines faces reputational damage from delays and backlash, compounded by geopolitical tensions like the Israel-Iran conflict raising fuel costs and disrupting routes. Drawing lessons from Ethiopian Airlines, the carrier can build resilience through commercial financing, focused routes, local training, and transparent governance. Source: https://www.monitor.co.ug/uganda/oped/commentary/how-uganda-airlines-can-withstand-global-air-travel-turbulence-5410746
transport 1 April 2026
Broken-down trucks parked unsafely on major Ugandan highways are causing fatal accidents, with recent crashes claiming multiple lives. Experts urge better maintenance, strict enforcement of removal laws, safe parking zones, and infrastructure upgrades to prevent further tragedies. Source: https://www.monitor.co.ug/uganda/business/auto/why-uganda-must-act-on-deadly-highway-breakdowns-5410488
auto 1 April 2026
Joseph Okidi, a Kampala printing business owner, shares his rookie driving mishaps with his first car, a Shs11m Toyota Spacio, including accidentally knocking a soldier off a boda boda. Despite dropping out of driving school, he learned caution on chaotic roads, earning the nickname 'Musomesa' for his rule-following style. Source: https://www.monitor.co.ug/uganda/business/auto/i-rammed-into-a-soldier-on-my-first-drive-5410438
auto 1 April 2026
The passenger airbag light illuminating on an empty seat often points to issues with the seat's pressure sensor, such as damage, calibration loss, or corrosion. Non-fault triggers like heavy items, electronics, or thick seat covers can also activate it. Source: https://www.monitor.co.ug/uganda/business/auto/what-causes-the-airbag-light-to-stay-on--5410400
auto 1 April 2026
Car owners in Uganda often face starting issues after rains due to moisture affecting the starter motor, ignition components, and battery terminals. Simple checks and maintenance can prevent these problems during the wet season. Source: https://www.monitor.co.ug/uganda/business/auto/why-does-my-car-take-longer-to-start-when-it-rains--5410378
Business 1 April 2026
Experts are pushing young Ugandans, especially fresh graduates facing high unemployment, to seize opportunities in the gold sector, which is becoming more accessible due to easing barriers and government reforms. The industry offers quick-to-learn skills and growth potential amid booming exports. Source: https://www.monitor.co.ug/uganda/news/national/youth-urged-to-tap-into-gold-trade-as-barriers-ease-5410644
Business 1 April 2026
Ugandan women, who own nearly 40% of businesses despite facing severe barriers to formal credit, represent an untapped economic force that banks must support through innovative lending practices. Stories like that of entrepreneur Justine highlight the urgent need for reforms to dismantle collateral and network gaps. Source: https://www.monitor.co.ug/uganda/oped/commentary/why-our-banking-systems-must-evolve-for-the-ugandan-woman-5410614
agriculture 1 April 2026
Sylvia Namukose evolved from subsistence groundnut farming in Kibale to producing tonnes on six acres after Heifer International training, while innovator Nakalema Assumpta scales poultry tech in Mbarara. These stories highlight women's rising role in Uganda's agriculture amid efforts to boost skills, finance, and markets. Source: https://observer.ug/news/she-started-small-now-her-farm-feeds-thousands
Business 1 April 2026
Ugandan executives risk irrelevance by avoiding social media, as active online presence shapes perceptions and opens doors to opportunities like panels, interviews, and partnerships. Sharing genuine insights on platforms like LinkedIn boosts credibility and influence among decision-makers. Source: https://www.monitor.co.ug/uganda/oped/commentary/personal-branding-perception-is-currency-5410534
Business 1 April 2026
Uganda's core inflation dipped slightly to 2.9 percent in March, bolstered by slowing food crop prices at 1 percent, yet mounting energy costs and a weakening shilling signal growing risks ahead. Source: https://www.monitor.co.ug/uganda/business/markets/inflation-under-control-but-pressure-is-building-5410574
Business 1 April 2026
The Ugandan government aims to remove all petrol-powered motorcycles from Kampala's city center by 2030, promoting locally made electric alternatives to cut pollution and modernize transport. Success depends on rider adoption, affordable financing, and expanded infrastructure. Source: https://www.monitor.co.ug/uganda/business/technology/inside-govt-s-plan-to-eliminate-petrol-bikes-from-kampala--5410540
Business 1 April 2026
MARU Credit highlights that Ugandan SMEs often lack the internal structure to effectively use credit, beyond just limited funding access. Through their incubator program, they emphasize building fundamentals like record-keeping and financial discipline to enable growth. Source: https://www.monitor.co.ug/uganda/business/we-have-been-cooking-now-it-is-time-to-serve-5410518
Business 1 April 2026
African trade ministers united in Maputo to outline priorities for the WTO's 14th Ministerial Conference as US-China rivalry and sustainability rules reshape global trade. Agriculture stands as a critical test for the continent's strategy to build capacity and avoid external dependencies. Source: https://www.monitor.co.ug/uganda/oped/commentary/is-africa-set-to-seize-the-moment-as-the-global-trade-order-is-rewritten--5410486
Business 1 April 2026
The National Social Security Fund has introduced a new voluntary savings option under its SmartLife scheme, allowing contributions as low as Shs500, following Cabinet approval to boost informal sector retirement savings toward 15 million participants by 2035. Since the 2024 launch, it has already attracted 3.4 million savers with Shs30 billion in assets. Source: https://www.monitor.co.ug/uganda/business/markets/you-can-now-save-as-low-as-shs500-under-nssf-s-voluntary-scheme-5410484
Business 1 April 2026
Commercial banks in Uganda approved just 39.2 percent of loan applications in January 2026, the lowest in five years, despite a slight uptick in private sector credit. This reflects lenders' growing risk aversion, particularly in key sectors like trade and agriculture. Source: https://www.monitor.co.ug/uganda/business/markets/loan-approvals-decline-to-the-lowest-levels-in-years-5410466
Technology 1 April 2026
The Ministry of ICT and National Guidance expects Uganda's Artificial Intelligence and Emerging Technologies Strategy to be finalized by June, building on a prior Data Strategy for smoother implementation. A new MoU with UNHIF China and Prince Kimbugwe Foundation promises 50,000 jobs, 300 scholarships, and tech transfer over five years. Source: https://www.monitor.co.ug/uganda/news/national/govt-ai-strategy-will-be-ready-by-june-says-ict-ministry-5410430
Politics 1 April 2026
The National Planning Authority has appointed economist Dr Rogers Matte as its new deputy executive director, succeeding the retired Charles Oleny Ojok. Matte brings a wealth of experience from prior roles in public service, academia, and planning at the authority. Source: https://www.monitor.co.ug/uganda/news/national/dr-matte-appointed-npa-deputy-executive-director-5410388
Business 1 April 2026
A Tax Appeals Tribunal ruling has halted URA's enforcement of a Shs169.9 billion tax demand on MTN Uganda due to the lack of a formal statutory assessment, particularly for mobile money findings. The decision underscores the critical role of legal processes in tax disputes, leaving the validity of the underlying liability unresolved. Source: https://www.monitor.co.ug/uganda/business/markets/mtn-ura-tax-row-a-process-failure-and-shs169b-at-stake--5409878
Politics 31 March 2026
The Ministry of Lands, Housing and Urban Development has released over 150 contract workers as part of the government's RAPEX rationalisation efforts, sparking anxiety among those affected. Officials insist the staff are being transitioned into permanent public service roles rather than dismissed. Source: https://www.monitor.co.ug/uganda/news/national/150-lands-ministry-staff-laid-off-in-major-shakeup-5409642
Business 31 March 2026
Florence Makada has advanced from a network administrator to managing director at Motorcare over the past decade, showcasing how expertise can propel career growth. Her leadership highlights determination and skill in the automotive sector. Source: https://www.monitor.co.ug/uganda/magazines/homes-and-property/florence-makada-s-decade-at-the-wheel-of-motorcare-5409328
Business 31 March 2026
Technology is revolutionizing procurement worldwide by curbing corruption, boosting efficiency, and enhancing accountability, a shift Uganda must embrace amid its expanding economy. Digital platforms offer real-time tracking, data insights, and fraud prevention, far outweighing initial investment costs. Source: https://www.monitor.co.ug/uganda/oped/letters/technology-is-no-longer-optional-5408786
Business 31 March 2026
Uganda's over 7,000 NGOs contribute over Shs4.5 trillion annually through foreign funding, jobs, and vital services in health, education, and rural areas, but government actions like account freezes and global aid reductions threaten their survival. Experts warn of severe economic ripple effects, job losses, and gaps in social services as the sector navigates heightened scrutiny ahead of 2026 elections. Source: https://www.monitor.co.ug/uganda/business/prosper/can-uganda-s-economy-survive-without-ngo-aid--5408690
Business 30 March 2026
Sukuk, or Islamic bonds, are gaining momentum due to core Islamic finance rules that ban interest, offering an asset-backed alternative reshaping international markets. Their growth highlights a shift toward ethical, Sharia-compliant investments worldwide. Source: https://www.monitor.co.ug/uganda/business/prosper/sukuk-islamic-bonds-reshaping-global-finance-5408462
Business 30 March 2026
Non-tariff barriers in the East African Community are taking longer to resolve, jumping from 76 days in 2021 to 274 days in 2024, costing the region up to $10 billion annually in lost trade opportunities. These delays undermine regional integration efforts and economic growth across EAC and COMESA. Source: https://www.monitor.co.ug/uganda/business/prosper/east-africa-s-integration-at-risk-from-stubborn-non-tariff-barriers-5407648
Business 30 March 2026
Fuel prices in Uganda have increased despite appeals from Energy Minister Ruth Nankabirwa to oil marketers to hold steady, with petrol now reaching Shs5,399 per litre and diesel at Shs5,150 due to surging global oil costs and a weakening shilling. Source: https://www.monitor.co.ug/uganda/news/national/fuel-prices-inch-up-despite-govt-price-warning-5408056
tourism 30 March 2026
Uganda is promoting its tourism attractions and investment opportunities at the Tourism Plus Expo in Shanghai, aiming to draw international visitors and investors. The pavilion features cultural displays, live performances, and highlights of wildlife and landscapes to position the country as a top destination. Source: https://www.monitor.co.ug/uganda/news/national/uganda-markets-tourism-investment-at-china-expo-5408042
Politics 30 March 2026
State Minister for Finance Henry Musasizi has noted rising doubts among Ugandans and media about government backing for investors, urging critics to visit projects firsthand. He highlighted the Inspire Africa Coffee hub in Ntungamo as a success story amid plans for further funding. Source: https://www.monitor.co.ug/uganda/news/national/ugandans-growing-sceptical-of-investor-support-says-musasizi-5407804
Business 30 March 2026
Uganda's labour export sector brings in over Shs5 trillion in remittances annually, yet migrant workers face exploitation, abuse, and weak protection abroad, prompting calls for better oversight and funding. Experts urge registration with embassies, more labour attachés, and reinvestment of sector revenues to safeguard workers. Source: https://www.monitor.co.ug/uganda/business/prosper/inside-the-growing-labour-rights-crisis-5407606
economy 30 March 2026
Uganda's growing exports to the Middle East, now reaching $5.3 billion annually, have created a positive trade balance that strengthens its economy against global shocks like those from Iran-related tensions. The country's economic diversity in agriculture, services, and emerging oil provides resilience despite vulnerabilities as a fuel importer. Source: https://www.monitor.co.ug/uganda/oped/commentary/managing-risk-in-uncertain-times-5407468
law 30 March 2026
Uganda's Copyright and Neighbouring Rights Amendment Bill, passed in March 2026, distinguishes copyright for original creators from neighbouring rights that protect performers, recording producers, and broadcasters. The law aims to ensure fair compensation across the creative value chain through better enforcement and registration requirements. Source: https://www.monitor.co.ug/uganda/oped/commentary/what-are-neighbouring-rights-under-the-copyright-and-neighbouring-rights-bill--5407418
Business 29 March 2026
Robert Mukiza's five-year term as Uganda Investment Authority (UIA) director general ends next month amid a leaked board review scoring his performance at 37%, citing stalled industrial parks, governance issues, and disputes with ministers. Plans are underway to transfer UIA to the Ministry of Trade, potentially due to underperformance and overlapping mandates. Source: https://observer.ug/news/looming-leadership-crisis-at-uia
Business 29 March 2026
Uganda Electricity Transmission Company Limited (UETCL) is burdened by Shs1.48 trillion in outstanding receivables, mainly from unpaid electricity bills by Umeme, UEDCL, and government entities. The massive debts have triggered huge impairments, flipping the company from profit to a Shs293.1 billion net loss. Source: https://www.monitor.co.ug/uganda/business/markets/shs1-4-trillion-in-debts-unpaid-power-bills-are-draining-uetcl-5405958
Sports 29 March 2026
Nile Special, Uganda's official World Cup beer, has launched a campaign to fly selected fans to the 2026 FIFA World Cup in the USA, leveraging AB InBev's global FIFA partnership. Fans can enter by buying two beers at activated outlets and scanning a code for a chance to win a five-day trip. Source: https://www.monitor.co.ug/uganda/sports/world-cup/nile-special-to-fly-ugandans-to-world-cup-5407244
Business 29 March 2026
A Ugandan delegation led by NRM Deputy Secretary General Rose Namayanja Nsereko has secured land allocations and investment pledges from Zambia's government following discussions with President Hakainde Hichilema. Opportunities span agriculture, construction, manufacturing, and more, boosting intra-African trade ties. Source: https://www.monitor.co.ug/uganda/news/national/ugandan-investors-secure-land-in-zambia-5406670
Business 28 March 2026
Bartender-turned-entrepreneur Daniel Ntende, 37, has launched KyakuNywa System to transform chaotic drink setups at Ugandan weddings, parties, and corporate events into professional, memorable experiences. Drawing from his expertise at Kampala's top cocktail bars, he trains staff and uses local ingredients for consistent, high-quality service. Source: https://www.monitor.co.ug/uganda/magazines/life/daniel-ntende-raises-the-bar-for-uganda-s-event-drinks-industry-5403974
Business 28 March 2026
Civil Society Budget Advocacy Group Executive Director Julius Mukunda highlights surging public debt, low tax-to-GDP ratios, and fiscal mismanagement in the 2025 Auditor General's report, warning of severe constraints on essential services. He urges reforms to address inefficiencies in revenue collection, arrears, and key sectors like health and education. Source: https://www.monitor.co.ug/uganda/business/finance/our-limited-fiscal-headroom-must-be-a-cause-of-concern-says-mukuda-5406230
Business 28 March 2026
Uganda's tax dispute framework offers multiple mechanisms like ADR but faces challenges in coordination, tight deadlines, and lengthy processes, according to practitioners and URA officials. Reforms are urged to enhance clarity, reduce timelines, and build taxpayer trust. Source: https://www.monitor.co.ug/uganda/business/finance/why-tax-dispute-system-in-uganda-needs-reform-5406040
agriculture 28 March 2026
Farmers from West Nile gathered at the Omia Agribusiness and Renewable Energy Expo in Arua to learn modern farming practices, climate adaptation strategies, and market linkages, boosting incomes and job opportunities for young women. The event under the SIYEP programme highlights innovations like solar irrigation amid climate challenges. Source: https://www.monitor.co.ug/uganda/news/national/west-nile-expo-draws-farmers-to-climate-smart-agriculture-green-jobs-5406112
farming 28 March 2026
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
agriculture 27 March 2026
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
Business 27 March 2026
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
Entertainment News 27 March 2026
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
Business 27 March 2026
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
Politics 27 March 2026
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
Business 26 March 2026
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
Business 26 March 2026
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
Business 26 March 2026
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
Sports 26 March 2026
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
travel 26 March 2026
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
economy 25 March 2026
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
auto 25 March 2026
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
Business 25 March 2026
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
Business 25 March 2026
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
Business 25 March 2026
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
news 25 March 2026
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
tourism 25 March 2026
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
lifestyle 25 March 2026
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
Business 24 March 2026
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
Business 24 March 2026
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
Business 24 March 2026
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
Business 24 March 2026
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
Business 24 March 2026
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
media 24 March 2026
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
Business 23 March 2026
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
Business 22 March 2026
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
Business 22 March 2026
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
Business 22 March 2026
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
Business 22 March 2026
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
Business 21 March 2026
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
Business 21 March 2026
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
Business 20 March 2026
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
Health 20 March 2026
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
Business 19 March 2026
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
Business 19 March 2026
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
Business 19 March 2026
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
news 19 March 2026
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
Business 19 March 2026
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
Business 19 March 2026
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
Business 19 March 2026
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
energy 19 March 2026
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
Business 19 March 2026
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
Business 19 March 2026
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
education 19 March 2026
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
Business 19 March 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
Business 19 March 2026
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
Business 19 March 2026
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
news 19 March 2026
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
Business 19 March 2026
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
Business 18 March 2026
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
Business 18 March 2026
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
Business 18 March 2026
Entebbe International Airport managed 189,575 international passengers in February 2026, up sharply from January's 150,188 and last year's February figure. Cargo volumes also climbed to 4,498 metric tonnes amid ongoing growth trends. Source: https://www.howwe.ug/news/national/42654/entebbe-airport-passenger-traffic-jumps-in-february
Business 18 March 2026
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
Business 18 March 2026
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
Business 18 March 2026
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
Business 18 March 2026
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
Business 18 March 2026
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
auto 18 March 2026
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
Business 18 March 2026
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
Business 17 March 2026
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
Politics 17 March 2026
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
consumer 17 March 2026
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
Business 16 March 2026
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
Business 16 March 2026
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
Business 16 March 2026
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
Business 16 March 2026
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
Business 16 March 2026
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
news 16 March 2026
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
Business 16 March 2026
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
Business 15 March 2026
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
Business 14 March 2026
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
lifestyle 13 March 2026
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
energy 13 March 2026
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
Politics 13 March 2026
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
Business 13 March 2026
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
Business 13 March 2026
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
Business 12 March 2026
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
Technology 12 March 2026
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
Business 11 March 2026
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
Business 11 March 2026
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
Business 11 March 2026
Leaders back eye treatment camp inspired by Rajiv Ruparelia’s philanthropy. Source: https://www.monitor.co.ug/uganda/news/national/bukedea-eye-camp-to-honor-businessman-sudhir-s-late-son-rajiv-5387318
Business 10 March 2026
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
Business 10 March 2026
Some landowners end up selling their land at prices far below the prevailing market rates. Source: https://www.monitor.co.ug/uganda/magazines/homes-and-property/land-valuation-to-protect-both-property-owners-and-investor-5387010
Business 10 March 2026
Rukungiri has two tarmac roads connecting it to Ntungamo and Kanungu districts. Source: https://www.monitor.co.ug/uganda/news/national/bad-roads-choke-service-sector-trade-in-rukungiri-5386426
Business 10 March 2026
If global liquidity tightens, the dollar strengthens, or frontier market risk appetite shifts. Source: https://www.monitor.co.ug/uganda/business/prosper/uganda-s-bond-boom-could-turn-into-a-forex-shock-5385844
Business 9 March 2026
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
Business 9 March 2026
Mr Dennis Amiria said the system that monitored the compound and store where curtain materials. Source: https://www.monitor.co.ug/uganda/news/national/cctv-shutdowns-technician-pins-businessman-s-wife-in-shs3-7b-curtain-theft-case-5385702
Business 9 March 2026
The deceased, who was a casual worker at one of the restaurants in the market, had spent the. Source: https://www.monitor.co.ug/uganda/news/national/woman-found-dead-in-lockup-at-owino-market-5385322
Business 8 March 2026
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
Business 8 March 2026
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/the-ugly-kampala-floods-what-next-for-traders--5384500
Business 8 March 2026
KCCA labeled it reckless destruction while rushing to salvage the remains. Source: https://www.monitor.co.ug/uganda/news/national/outrage-as-section-of-owino-market-is-demolished-overnight-by-unknown-people-5383916
Business 8 March 2026
For over two weeks now, residents and business operators have been living in fear as the wild. Source: https://www.monitor.co.ug/uganda/news/national/territorial-war-kite-scares-busia-residents-5384066
Business 8 March 2026
Ms Olivia Among, one of the mentees, a sociologist under the Rural Water Supply and Sanitation. Source: https://www.monitor.co.ug/uganda/news/national/govt-tips-youths-on-navigating-labour-market-5383742
Business 7 March 2026
Informality and poor records keep many Ugandan firms from listing. Source: https://www.monitor.co.ug/uganda/business/finance/why-uganda-capital-markets-don-t-serve-small-businesses-5383420
Business 6 March 2026
Graduates urged to transform accounting into decision-making role. Source: https://www.monitor.co.ug/uganda/news/national/experts-tell-accountants-to-evolve-into-strategic-business-partners-5382336
Business 6 March 2026
The latest Uganda National Bureau of Standards laboratory tests conducted on consignments. Source: https://www.monitor.co.ug/uganda/news/national/baby-foods-on-our-market-are-safe-unbs-reassures-5381764
Business 5 March 2026
This Women’s Day I am raising my whisky to the complicated business of being a 40-something woman. Source: https://www.monitor.co.ug/uganda/lifestyle/entertainment/our-mothers-prepared-us-for-husbands-we-became-them-5380662
Business 5 March 2026
Rising global tensions in the Middle East are beginning to ripple through the economy. Source: https://www.monitor.co.ug/uganda/business/markets/bou-warns-of-inflation-risks-amid-escalating-iran-conflict--5381040
Business 5 March 2026
Gen Katumba defends Uganda’s co-funding of DR Congo road project. Source: https://www.monitor.co.ug/uganda/news/national/uganda-investing-in-dr-congo-roads-to-spur-cross-border-trade-govt-insists--5381394
Business 5 March 2026
Trade order drive boosts market uptake across Kampala. Source: https://www.monitor.co.ug/uganda/news/national/trade-order-crackdown-boosts-market-uptake-across-kampala-5380950
Business 5 March 2026
Global monetary policy outlook will be mostly unaffected under the baseline forecast. Source: https://www.monitor.co.ug/uganda/news/world/global-economy-faces-inflation-growth-test-amid-escalating-conflict-in-iran-goldman-5380730
Business 4 March 2026
Leader say at least 2,500 households and over 100 businesses in Paloga Sub-county are using. Source: https://www.monitor.co.ug/uganda/news/national/solar-mini-grid-lights-up-lamwo-township-5379196
Business 3 March 2026
Batu says the illicit cigarette market continued to grow due to limited enforcement, which has. Source: https://www.monitor.co.ug/uganda/business/markets/nearly-half-of-cigarettes-on-the-market-evade-taxes-batu-says-5378616
Business 3 March 2026
The new charges stem from allegations that the officials failed to put in place adequate. Source: https://www.monitor.co.ug/uganda/news/national/nine-ministry-of-finance-officials-sent-to-high-court-for-trial-over-shs60b-heist-5378274
Business 3 March 2026
The deceased has been identified as Claire Nambooze, a local businesswoman who deals in general. Source: https://www.monitor.co.ug/uganda/news/national/-gulu-businesswoman-hangs-self-over-alleged-multiple-loans-5377944
Business 3 March 2026
Having won two league titles to start his career with Sport-S, Okia is hungry for more success. Source: https://www.monitor.co.ug/uganda/sports/other-sport/okia-back-to-business-after-long-injury-layoff-5375818
Business 1 March 2026
Kashushu gave a masterclass that was equal parts pep talk, practical playbook and business. Source: https://www.monitor.co.ug/uganda/lifestyle/entertainment/kashushu-brings-digital-art-class-too-close--5375950
Business 1 March 2026
Some truck drivers heading to Kenya told this publication that they are spending over 12 hours. Source: https://www.monitor.co.ug/uganda/news/national/delays-at-busia-border-irk-truck-drivers-traders-5375972
Business 16 February 2026
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