economy

economy

Standard Chartered Bank, NMG seek joint ventures

Standard Chartered Bank, NMG seek joint ventures

Africa-Press - Uganda. Nation Media Group Uganda (NMG-Uganda) and Standard Chartered Bank are strengthening their partnership to foster mutual growth and community impact.In a...
Cocoa prices drop by half in 2 weeks

Cocoa prices drop by half in 2 weeks

Africa-Press - Uganda. Cocoa farmers in Busoga Sub-region are crying foul after the prices of cocoa dropped by about Shs15,000 from Shs31,000 to now...
Kenyan fish dealers allege extortion by Uganda cartels

Kenyan fish dealers allege extortion by Uganda cartels

Africa-Press - Uganda. Some Ugandan officials have come under the spotlight for allegedly extorting hundreds of millions of shillings from traders exporting salted fish...
Coffee farmers petition govt over pests, drought

Coffee farmers petition govt over pests, drought

Africa-Press - Uganda. Farmers in northern Uganda have expressed concerns over the numerous challenges affecting coffee farming and production in the region.They include the...
Africa's Venture Capital landscape faces challenges

Africa’s Venture Capital landscape faces challenges

Africa-Press - Uganda. Recent years have been a rollercoaster for Africa's venture capital scene. Investments in African startups surged from $1.3 billion to $4...
Uganda starts reviewing uranium potential ahead of nuclear energy production

Uganda starts reviewing uranium potential ahead of nuclear energy production

Africa-Press - Uganda. Government has started reviewing Uganda’s uranium potential ahead of the plan to develop nuclear energy by 2031.The review, under the Integrated...
Businessman Mukesh remanded over Shs220m fraud

Businessman Mukesh remanded over Shs220m fraud

Africa-Press - Uganda. Renowned Kampala-based businessman, Mukesh Shukla has been remanded to Luzira prison on charges of obtaining money by false pretence.Mukesh, who is...
Ugandans harvest Shs3 trillion from betting in 10 months

Ugandans harvest Shs3 trillion from betting in 10 months

Africa-Press - Uganda. Betting companies paid out at least Shs3 trillion to winning tickets in the 10 months to April, signaling the growth of...
Low uptake of clean energy exacerbate climate change– conservationists

Low uptake of clean energy exacerbate climate change– conservationists

Africa-Press - Uganda. The low uptake of clean cooking technologies among communities has been cited as one of the major factors exacerbating climate change...
Non-performing loans: Banks reduce lending

Non-performing loans: Banks reduce lending

Africa-Press - Uganda. Bank of Uganda (BoU) has said the heightened growth in non-performing loans has made financial institutions to slow down lending to...