The IMF is more optimistic now than last year, particularly because of the influence of interest rate cuts. Continued progress will depend on the development of a string of planned infrastructural projects.

The Uganda Retirement Benefits Regulatory Authority UBRA says it  is expecting to hit a savings threshold of 20% within the next three years above the current 11%.

The President, who is attending the World Economic Forum in Durban, South Africa, made the call on Thursday as he witnessed the signing of Memoranda of Understanding between two German companies and the Uganda government on the sidelines of the forum.

KAMPALA - The Ugandan ministry of foreign affairs (MoFA) has partnered with Stanbic Bank to conduct financial training for Ugandan diplomats as the country positions all missions for commercial diplomacy.

President Yoweri Museveni and his Tanzanian counterpart, President John Pombe Magufuli over the weekend signed an East African Crude Oil Pipe Line Agreement (EACOP) as an expression of intent to go ahead with the construction of the 1,400km oil pipeline from Hoima district in Western Uganda to the Tanzanian port of Tanga.

As growth in Africa picks up pace, Dubai is fast emerging as the global banking, logistics and trade hub for investment into the continent