How EAC intends to spend the US91.8mn Budget in FY21/22

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The East African Community has tabled before the East African Legislative Assembly the budget estimates for the 2021/2022 Financial...

Fairtrade To Double Average Income For Farmers in Africa

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Fairtrade International has committed to double the average income of farmers and workers in Africa. Speaking during the ongoing 7th...

Plastic Waste Exports from Wealthy Countries Poisoning People In Africa: Study

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). A new report has found that toxic chemicals in plastic waste exports from wealthy countries are contaminating food in...

Google to Support African Startups in a new US$6mn funding Program

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Google has committed US$6 million to support African startups as well as underserved communities on the continent. In a...

What does it mean for the regional business community?

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). It is a new dawn for Uganda and the regional economies after the much-celebrated inauguration of H.E. Yoweri Kaguta Museveni for the...

Can excess output mean boost of economy?

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Ugandan politics are suffering from a very common ailment, a viral disease that plagues most all of Africa’s young...

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...