For decades, Uganda’s trade story has been defined by its deepening integration into regional markets, rising dependence on Asia, and enduring ties with Europe. But when you look past the big numbers and focus on balance of trade, who buys more from Uganda than Uganda buys from them, the picture of Uganda’s “real” trading partners changes dramatically. Uganda’s external trade has expanded significantly in the past five years. Exports more than doubled from $5.3 billion in the 2020/21 financial year to $10.6 billion in the 2024/25 financial year. Imports also rose, from $8.3 billion to $13.2 billion over the same…
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The Uganda Green Enterprise Finance Accelerator (UGEFA) and I&M Bank Uganda have announced the beginning of a dynamic new partnership, focused on accelerating Uganda’s shift to a resilient, low-carbon, and inclusive economy. This marks the first collaboration between UGEFA and I&M Bank, uniting both organisations’ commitment to supporting the next generation of green businesses. Through this partnership, UGEFA and I&M Bank will join forces to expand access to innovative financial products and tailored business advisory support for small- and medium-sized enterprises (SMEs), leading the way in clean energy, sustainable manufacturing, eco-tourism, waste management, and green mobility. Backed by the European…
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The European Union has significantly ramped up its support for Uganda’s crucial coffee and timber sectors, unveiling a 5000 metric tonne coffee processing facility and pledging further investment in sustainable…
The European Union (EU) has partnered with the German Development Agency to commit a grant of EUR 6.25 million (UGX 25.7 billion) as a form of support for the formalisation, skilling and equipping of artisanal and small scale miners. His Excellency Mr Jan Sadek, the European Union Ambassador to Uganda revealed the details at the 13th Annual Mineral Wealth Conference held at Serena Hotel, Kampala last week. H.E Sadek noted that a considerable portion of the grant will be geared towards increasing the capacity of artisanal and small-scale miners to process minerals and add value to them. “Additionally, this programme…
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The Uganda Tourism Association (UTA) President, Mrs. Yogi Biriggwa, has urged the government and development partners to direct more efforts and resources to accelerate post-pandemic tourism sector recovery. In a World Tourism Day 2024 speech delivered on her behalf by Mr Isa Kato, the Vice President, Yogi said that while there had been a near-full recovery of pre-pandemic figures, more investments were needed to meet the funding targets envisaged in the National Development Plan (NDP) III. According to the latest figures, international tourist receipts grew by 48.5% in 2023, from UGX.2.7 trillion in 2022 to UGX. 3.8 trillion (USD 1.01…
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I am delighted to be able to address you today on behalf of the EU, at the first EAVCA conference to be held in Uganda, and share insights on the EU actions in terms of private sector support and capital mobilisation for the private sector. I would like to start with a question: Why is the European Union, representing TeamEurope, the largest development cooperation actor in the world, in this room, at a gathering of Private Capital players? The answer is simple: we are here because we need your help and want to partner with you in order to achieve…
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By Samuel Obedgiu Agricultural Scientist and Environmental Activist Recently, the BBC put up a tweet which carried a story about how “a ship carrying Ukrainian grain had docked in the east African nation of Djibouti, which according to the BBC, was the first grain shipment from Ukraine to Africa since the Russian invasion.” Someone subsequently retweeted with a comment wondering “how a nation at war is able to feed African nations at peace, whose excuse for not progressing is the same war in the country that’s feeding them.” Africa’s Low Food Production Causes The reasons behind SSA’s low food production…
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Jan Sadek, new European Union Ambassador to Uganda is in the country, and on Sunday, joined of Ugandans in the 11th edition of the much sought-after annual Cancer Run marathon. Sadek takes over H.E. Attilio Pacifici who heads to Brussels, the European Union headquarters. “Happy to have arrived in #Uganda to take up my duties as Ambassador of the European Union! Great to engage with my new colleagues at the #EU Delegation and glad to already have met with 40000 Ugandans in the #Kampala #RotaryCancerRun22,” excited new EU Ambassador posted on his Twitter handle. The new ambassador during the Rotary…
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Democratic Governance Facility (DGF) Development Partners are delighted at the lifting of a suspension imposed on their activities in Uganda that last close to a year. The partners recently met President Yoweri Museveni who told them to resume their activities in the country. In a statement today, the partners welcome the move and stated that they look forward to welcoming Government of Uganda representatives to the Board and Steering Committee of the DGF. Below is the full statement The development partners supporting the Democratic Governance Facility (DGF) – Austria, Denmark, the European Union, Ireland, the Netherlands, Norway and Sweden –…
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Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, in partnership with the European Union, has announced a special call for eligible businesses in the tourism sector to apply for and receive up to UGX1 billion in grants and soft loan with flexible terms aligned to the current needs of the sector. The Facility is intended to give operators access to working capital to fast track recovery post the Covid-19 devastating effects and support initiatives to become more environment friendly. “At the onset of the Covid-19 pandemic, Uganda like other countries, sanctioned travel restrictions within and out of…
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