08/03/2024
Gold forms 44 percent of Uganda's export earnings.
➡️ Data from Bank of Uganda indicates that during January, Uganda exported more than 4,647 kilogramme of gold, returning an export value of $ 260m.
➡️ Exports continued into February with at least 3,399 kilogramme worth $200m exported in the month.
24/05/2023
Uganda’s economy to grow by 5.5 per cent in 2023 – IMF
In an interview with the Monitor on Monday, the International Monetary Fund Resident Representative, Ms Izabela Karpowicz said Uganda’s economic activities have picked up
31/12/2022
"Join us on the ground floor of a rapidly growing economy with endless potential. Invest in our country and be part of the exciting growth and development that is taking place. With a strong infrastructure, a skilled workforce, and a government committed to supporting businesses, the opportunities for success are endless. Don't miss out on the chance to be a part of this exciting journey and secure a bright future for your investment. " 🥇 🥇
03/12/2022
Uganda ranked among top 10 countries in industrial development by the world bank
Uganda ranked among top 10 countries in industrial development
The improved performance indicates that Uganda’s industrialisation policy is beginning to pay off as the country registers increased improvement in manufacturing value-added goods
06/06/2022
The net profit margin is 6% with a payback period of 2 years. There is a high demand for dairy products in Urban Centers of Uganda especially in schools, hospitals, households, and Dairy processing industry. However, they may also be exported
05/06/2022
The provision of cyber security services is one of the most lucrative businesses in Uganda.
According to Mr Arnold Mangeni, the NITA-U director, information security Cyber fraud had increased from 62 cases in 2013, to 198 in 2018 with the commonest attack being electronic fraud, threatening violence, defamation, offensive communication, impersonation, cyber harassment, theft and po*******hy, among others.
In 2020 local mobile money service providers Airtel and MTN lost billions of dollars when hackers infiltrated a third party service provider -Pegasus.
Ugandan banks have been subject to huge losses due to cyberattacks in recent years. In 2021 reports show that banks in Uganda lost $3.9b dollar to cyber related crimes.
Uganda like any other African country is still a bit lacking in its technological advancements, that's why hackers think its an easy target to frustrate its financial sector.
It's due to these factors that institutions are willing to pay a high price for their security making cyber security business very profitable.
05/12/2021
Uganda, Tanzania currencies ranked top as Kenya shilling, Rwanda franc lose value
According to Bloomberg Refinitiv data, the Uganda shilling continues to hold steady against the dollar followed by the Tanzanian currency
09/10/2021
Happy Independence Day Uganda🇺🇬🇺🇬🇺🇬🇺🇬🇺🇬🇺🇬
06/10/2021
Uganda is the best destination for investment- Museveni tells UAE investors - Nile Post
Nile Post - Uganda is the best destination for investment- Museveni tells UAE investors Business
19/07/2021
Uganda ranks 12th in ease of doing business - World Bank
https://t.co/vEKkWaqDiz