Tag: Foreign Direct Investment (FDI)

Uganda buys far more from foreign countries than it sells abroad, creating a massive $4.6 billion trade gap. Because international sellers only accept US dollars, local traders are constantly scrambling to buy greenbacks, driving the dollar’s value up and shilling down.
"It is very sad to learn of the death of our brother Hon. Charles Matovu, former Member of Parliament for Busiro South, who passed on yesterday. Hon. Matovu represented his people with vigor and utmost dedication in the 11th Parliament. He was a member of the Parliamentary football team, where his tremendous contribution led us to dominate the East African Parliamentary games. My condolences go out to his family, the people of Busiro South, and the country at large. May he rest in eternal peace., Tayebwa said.

UAE Envoy Kibedi Calls on Ugandan Firms to Boost...

Uganda’s Ambassador to the United Arab Emirates (UAE), H.E. Zaake Wanume Kibedi, has urged Ugandan business owners targeting the...

Uganda Pitches Untapped Tourism and Digital Sectors to Indonesian...

Uganda has made a compelling call to Indonesian investors to tap into its booming tourism and digital innovation sectors,...

Uganda Remains Top African Destination for Investors- Kasaija

Uganda has retained its position as one of Africa’s leading investment destinations, driven by a rise in foreign direct...

Col Nakalema Hosts Dutch Ambassador to Deepen Bilateral Investment...

In a significant boost to Uganda’s investment diplomacy, Col Edith Nakalema, Head of the State House Investors Protection Unit...

Uganda’s Exports Surge by 12.1% in Q2 – PSST...

Uganda's export sector has experienced a significant boost in the second quarter of the financial year 2024/2025, registering an...

How Uganda’s Oil and Gas Sector has Impacted the...

Following the Final Investment Decision (FID) announcement on February 1, 2022, for Uganda’s flagship oil projects, Tilenga, Kingfisher, and...

Uganda’s Economy is Showing Remarkable Growth, Stability—PSST Ggoobi

The Permanent Secretary and Secretary to the Treasury (PSST), Ramathan Ggoobi, has said Uganda's economy has demonstrated significant progress, with the size of the economy tripling to Shs 202 trillion in the Fiscal Year 2023/24, up from Shs 65 trillion in FY 2010/11.

PSST Encourages Ambassadors to Drive Uganda’s 10-Fold Growth Strategy 

he Permanent Secretary and Secretary to the Treasury (PSST) Ramathan Ggoobi has urged Ambassadors to creatively carry out their duties in line with the 10-fold growth strategy by promoting and marketing Uganda to potential tourists, Uganda’s exports, and attracting more investors.

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