UCAA Director General, Fred K. Bamwesigye, addressing the press Uganda Civil Aviation Authority (UCAA) has revealed that Entebbe International Airport registered a strong performance in the first half of 2024, having 226,795 more passengers than was recorded in the same period of January to June 2023. The revelation was made by UCAA
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A photo montage of bank CEOs Commercial banks extended loans worth Shs20.47 trillion to customers in 2023, up from Shs19.06 trillion in 2022, Business Focus exclusively reports. According to the analyzed financial statements of 25 banks for the year ended 31st December 2023, Stanbic Bank is Uganda’s biggest lender. This is after its loans
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Uganda continues to earn big from coffee exports Uganda’s coffee exports in July 2024 amounted to 821,593 60-kilo bags, worth US$ 210.48 million (Shs785.35bn), the highest ever in a single month. According to Uganda Coffee Development Authority (UCDA) monthly report for July 2024, this comprised of 722,444 bags of Robusta
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By Ali Ssekatawa The discovery of commercial oil and gas reserves in Uganda's pristine Albertine Graben presents both an opportunity and a challenge. This ecologically rich region, home to unique wildlife, natural habitats, and abundant water and fisheries resources, also boasts a number of protected areas in Uganda, including national
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Christopher Legilisho, Economist at Stanbic Bank Uganda’s private sector reported a continued growth of new orders running into the fourth month at the end of July marking the start of the third quarter. The upturn was widespread across all five monitored sectors, with firms linking the expansion to new client
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Dr. Fred Muhumuza Local investors in Uganda are running to Tanzania as a result of the tough operating environment, Business Focus has learnt. This is attributed to among others, a drop in private sector lending. Data shows that lending to the agricultural sector, manufacturing, trade, transport and communication, business services and
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Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into opportunities to overcome future challenges.
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Farmers are increasingly earning big from coffee exports/Business Focus photo By Denis Jjuuko For a few years, coffee prices have been rising greatly crossing the Shs13,000 per kilo mark for the fair average quality or what is known as kase thereby turning many farmers into millionaires. Some of them instantly.
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Coffee under 3mX1m at Deus Nuwagaba’s farm in Namayumba/Business Focus photo Plant density in Robusta coffee is an unresolved issue in low volume producing countries especially when compared with leading producers. This explains why there’s an ongoing debate about the implementation of the 3m by 1m (10ft by 3ft) Robusta coffee
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By Kenneth Egesa The Bank of Uganda's recent state of the economy report offers a snapshot of Uganda's economic health and near-term prospects. The country is having a low and stable inflation environment and a stable exchange rate on account of prudent monetary policy, coupled with robust GDP growth driven
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