Total buys out Tullow Oil for USD575 million

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Total Uganda has bought out the financial struggling Tullow Oil for a whopping USD575 million as the latter gears...

Uganda’s Export earnings drop – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s exports for the period ending September experienced an 8 per cent decline, according to the Central Bank of...

Uganda to host major tourists showpiece in 2020 – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020); a...

Uganda Development Bank unveils $500 million plan for lending – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Development Bank (UDB) unveiled a four-year strategic plan of $500 million to provide long-term financing to the private...

Uganda’s Umeme secures $70m loan for investment – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s Umeme has secured a $70 million syndicated loan from the International Finance Corporation (IFC), Dutch Development Bank (FMO),...

Uganda’s Umeme secures $70m loan for investment

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s Umeme has secured a $70 million syndicated loan from the International Finance Corporation (IFC), Dutch Development Bank (FMO),...

Uganda Development Bank unveils $500 plan for lending

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Development Bank (UDB) unveiled a four-year strategic plan of $500 million to provide long-term financing to the private...

Uganda Tourism Board to host Pearl of Africa Tourism Expo 2020

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020), as...

Rwanda and Uganda lead East Africa in switch to electric cars

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Rwanda and Uganda are quite ahead of their East African neighbours in the global switch to electric cars, even...

Uganda to host major tourists showpiece in 2020- The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020); a...

Uganda oil refinery gets funding from Africa Finance Corporation

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The Africa Finance Corporation(AFC) has advanced $20 million funding for the construction of Uganda’s crude oil refinery, paving the...

French businesses to visit Uganda to explore investments opportunities

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). French business delegation of more than 25 companies will visit Uganda to explore business opportunities, invest in Uganda and...

Uganda, DRC settle on trade and roads deal

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda and the Democratic Republic of Congo (DRC) plan to jointly construct 1,200 kilometres of roads. Uganda’s President Yoweri Museveni...

Uganda’s loan borrowing sparks payback fears

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s public debt has risen to $12.2 billion from June this year from about $9.4 billion in 2017, data...

Medics in Uganda innovate portable ultrasound device

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). A team of four medical entrepreneurs in Uganda have invented a new technology named M-scan – a low cost,...

Uganda’s Export earnings drop – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s exports for the period ending September experienced an 8 per cent decline, according to the Central Bank of...

Uganda food inflation declines – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda food inflation declines in spite of a failed harvest from the 2019 first crop season. Uganda has maintained a...

Uganda’s monthly interbank forex sales stabilise at $20m

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s monthly foreign exchange between banks stabilise at $20m Speaking during a panel discussion on the current state of the...

Uganda Revenue Authority(URA) disagrees with importers over payment method

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Revenue Authority(URA) disagreed with importers over a recent proposal to amend payments of customs duty. URA wants custom duty...

Cement prices fall as competition increase in Uganda

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Increased competition between Simba cement and Kampala cement is driving prices down in Uganda. A 50-kilogramme bag now retails at...
Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com), World’s #1 Online Multimedia News Provider Devoted to International Diaspora and their Stakeholders. By Courtesy of Dr. Roland Holou. © All rights reserved.

Uganda spends less on agriculture in East Africa

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda spends less money in the agriculture sector than any other East African country a World Bank report on...
Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com), World’s #1 Online Multimedia News Provider Devoted to International Diaspora and their Stakeholders. By Courtesy of Dr. Roland Holou. © All rights reserved.

Uganda cuts policy rate to support economic growth

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The Bank of Uganda reduced its interest rates for the first time since February 2018 in a bid to...

Ugandan authorities reduce electricity rates

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Electricity Regulatory Authority (ERA) has reduced power tariffs by an average of Ush2.4 from October to December quarter. The tariff...

Bank of Uganda warns of rising cost of debt repayment

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The Bank of Uganda has warned government against the accumulation of foreign debt, saying the central bank is under...