Uganda plans to borrow 101.9 million euros ($112.7 million) from U.K. Export Finance to develop solar-powered irrigation and water systems to boost agriculture in Africa’s biggest coffee exporter. Uganda will spend the funding to develop 920 water systems for domestic use and for irrigation, the parliament’s National Economy Committee saidRead More

Uganda earned approximately Shs9.1 trillion from exports in the seven months leading to July with gold, coffee and fish dominating. Data from Bank of Uganda indicates that export receipts in the period between January and July 2019 grossed $2.5b (Shs9.1 trillion) with $1.9b (Shs7.1 trillion) of the earnings coming fromRead More

Strengthening the private sector, efficient and sustained exploitation of productive sectors, increasing quality of productive infrastructure, inclusiveness and the wellbeing of the population and enhancing the effectiveness of administrative governance will be the key focus areas in the 2020/21 financial year, according to Finance Minister Matia Kasaija.Speaking during the BudgetRead More

Uganda has released 32 Rwandans ahead of crucial high-level talks with Rwanda officials next week, as both countries begin implementing a Memorandum of Understanding signed by their heads of state in Angola last month. The release of the 32 Rwandans is seen as a sign of goodwill, although Rwanda isRead More