Tag: Uganda

Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Charles Mbire’s MTN Uganda stake tops $100 million as shares gain nearly 40 percent in 2026, boosting the market value of his investment.

Omokolade Ajayi Omokolade Ajayi
Citibank
BusinessHot News

Uganda seeks up to $242 million from Citibank for infrastructure projects

Uganda seeks a $242 million Citibank loan to upgrade major roads in the east as rising debt-service costs put pressure on government finances.

Oluwatosin Alao Oluwatosin Alao
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Uganda’s half-year profit rises 37.7% to $99 million on data, fintech growth

MTN Uganda’s profit rose 37.7% to $99 million in the first half of 2026, driven by growth in data, fintech revenue and its customer base.

Omokolade Ajayi Omokolade Ajayi
Tanzania plans gas pipelines to supply Uganda, Kenya with natural gas
BusinessGlobal News

Tanzania plans gas pipelines to supply Uganda, Kenya with natural gas

Tanzania plans a natural gas pipeline to Uganda and Kenya, strengthening East Africa's energy security and expanding regional gas trade.

Oluwatosin Alao Oluwatosin Alao
Uganda secures AfDB funding to expand Arua Airport
BusinessHot News

Uganda lands $179 million AfDB funding to expand Arua Airport

Uganda secures AfDB funding to expand Arua Airport, boosting trade, jobs, and regional air connectivity in East Africa.

Oluwatosin Alao Oluwatosin Alao
$650 million AfDB boost puts Uganda Rail project back on track
BusinessGlobal News

$650 million AfDB boost puts Uganda Rail project back on track

AfDB backs Uganda’s $650 million railway project, reviving Malaba-Kampala SGR to boost trade and regional connectivity.

Oluwatosin Alao Oluwatosin Alao
Uganda's Standard Gauge Railway (SGR)
BusinessHot News

Uganda eyes first Sukuk to fund $3.2 billion railway expansion

Uganda plans its first sovereign sukuk to fund a $3.2 billion railway linking Kampala to Mombasa, boosting East African trade.

Timilehin Adejumobi Timilehin Adejumobi
Ugandan businessman Charles Mbire.
Hot NewsBusiness

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

Charles Mbire set to receive $2.02 million dividend from MTN Uganda as revenue hits $243 million and profit stands at $46 million.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
Modern railway tracks stretching across green countryside under blue sky in East Africa
BusinessTechnology

Uganda eyes Tanzania rail link to boost East Africa trade

Uganda is stepping up efforts to strengthen its position in East Africa’s trade network, with plans to link its Standard Gauge Railway to Tanzania’s rail system. The proposal could give the landlocked country a second route to the Indian Ocean and ease pressure on existing export corridors.  Details outlined in a government document show Kampala is studying how the new…

Oluwatosin Alao Oluwatosin Alao
Coffee earned Uganda about $2.4 billion in the 12 months to November
BusinessHot News

Bumper harvest lifts Uganda Coffee shipments by over 60 percent

At a Glance Uganda’s coffee exports climbed sharply in November, rising more than 60% from a year earlier as a strong harvest in key growing regions pushed more beans to market, according to a government report.  The increase underscores coffee’s central role in Uganda’s export economy at a time when global prices remain elevated and demand from Europe and Asia…

Oluwatosin Alao Oluwatosin Alao