Business Edge: latest news
Independent business, economic and financial news from Uganda, East Africa and Africa: markets, policy, companies and industry analysis.
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Latest posts
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Afreximbank, APPO launch $5bn Africa Energy Bank
African financial institutions have launched a $5bn energy bank to help countries develop oil and gas resources, expand refining capacity and reduce their reliance on imported petroleum products. The…
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African countries face rising economic risks
The current global economic situation is confusing. On the one hand it’s characterised by inflation, and food and other critical supply shortages caused by the wars in Ukraine and the Gulf states. On…
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MTN widens access to digital skills in Manafwa District
MTN Uganda has trained 390 young people and women in digital skills in eastern Uganda, part of a wider effort to prepare communities for employment and business opportunities in an increasingly…
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Uganda inflation accelerates to 5.8% as food and fuel costs rise
Uganda’s annual headline inflation accelerated to 5.8% in October from 4.6% in September, as rising food and fuel prices and a weakening shilling increased pressure on household purchasing power and…
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Uganda banks raise lending rates as fuel costs rise and shilling weakens
Three of Uganda’s largest commercial banks are raising lending rates following a central bank interest rate increase, adding to pressure on businesses and households already grappling with higher…
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Uganda Airlines bets on trade to drive Ghana route
Uganda Airlines is counting on a new service to Ghana to deepen commercial ties between East and West Africa, as the national carrier seeks to turn network expansion into a source of trade, tourism…
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Uganda extends freeze on new mineral licences
Uganda has extended a suspension on new mineral licences by three months as the government prepares rules to tie mining rights more closely to domestic processing, industrial development and investor…
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Afreximbank backs US$975 million Oryx buyout to boost African ownership
Africa’s multilateral lender, African Export-Import Bank, has provided US$975million to help finance the management buyout of Oryx Energies, a Geneva-headquartered energy company with operations…
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East African countries agree on common rules for biopesticides
Eight East African countries have agreed on common rules for approving biopesticides, in a move that could make it easier for farmers to access biological alternatives to conventional pesticides. The…
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MTN, WWF name winners of Uganda’s 2026 green innovation challenge
Technology firm, MTN Uganda and the World Wide Fund for Nature (WWF) Uganda have awarded three youth-led businesses a combined Shs30 million for innovations targeting agricultural resilience, plastic…
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Ugandan law firm pushes ESG as global standards evolve
Ugandan law firm, Kalikumutima & Co. Advocates, is urging Ugandan businesses and law firms to adopt environmental, social, and governance (ESG) principles and digital technology as global investors…
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Uganda’s sugarcane boom leaves families hungry: what needs to change
Busoga, in eastern Uganda, is a low, fertile plateau surrounded on three sides by Lake Victoria, the River Nile and Lake Kyoga. Most of its 4.3 million people farm small, rain-fed plots. Yet hunger…
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East Africa imports billions of dollars in goods despite producing the raw materials
East Africa produces large quantities of cotton, hides and oilseeds, but much of the region’s demand for clothes, footwear and cooking oil is met by imports. The region’s manufacturers say a shortage…
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Afreximbank’s nine-month profit jumps 24% to US$813.5 million
African Export-Import Bank’s net income rose 24% in the first nine months of 2026 as increased lending and higher interest earnings boosted profitability, while the lender expanded its balance sheet…
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MTN Uganda turns to Starlink as satellite internet competition grows
MTN Uganda has launched a satellite internet service for businesses in remote areas, stepping up competition with rival Airtel Uganda as the country’s telecom operators look beyond traditional mobile…
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MTN Uganda opens digital training centre for teachers
MTN Uganda has launched a teacher training centre to equip educators with digital skills and artificial intelligence tools, expanding its education investments as the country seeks to improve…
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Uganda turns to Danish technology to boost agricultural exports
Uganda has launched a Shs10.34bn (US$2.47mn) green technology fund with Denmark to modernise agricultural processing and attract at least Shs40bn ($9.53mn) in additional investment, as the government…
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Uganda courts EU capital for clean energy
Uganda is seeking European investment, technology and financing partnerships to expand renewable energy generation and improve electricity access as the government looks to meet rising demand from…
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Stanbic invests Shs40m to maternal care in Obongi Health Centre IV
Stanbic Bank Uganda has donated Shs40 million worth of medical equipment and supplies to Obongi Health Centre IV in Obongi District, West Nile sub-region in north-western Uganda, targeting maternal…
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Nedbank’s NCBA deal sharpens contest for Africa’s banking market
South Africa’s Nedbank has secured a route into East Africa through its acquisition of a controlling stake in Kenya’s NCBA Group, intensifying the contest among African lenders for growth beyond…