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Growing Anger as Ugandans Decry Prolonged Blackouts and Poor Service Under UEDCLFrank Gashumba’s Shs500m Miracle Challenge Sparks Fierce Feud with PastorsUganda and Kenya Agree to Scrap Remaining Barriers Choking Cross-Border TradeFertilizer Costs Rise as Iran Crisis Disrupts Global SuppliesGrowing Anger as Ugandans Decry Prolonged Blackouts and Poor Service Under UEDCLFrank Gashumba’s Shs500m Miracle Challenge Sparks Fierce Feud with PastorsUganda and Kenya Agree to Scrap Remaining Barriers Choking Cross-Border TradeFertilizer Costs Rise as Iran Crisis Disrupts Global Supplies
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Business

All business stories from King Musah Media, newest first.

UCC Orders Unlicensed Wi-Fi Hotspot Operators to Shut Down as Traders Push Back

The Uganda Communications Commission has given approximately 4,000 unlicensed public Wi-Fi hotspot operators seven days to switch off their equipment or face a nationwide crackdown involving seizure and destruction of routers. The move, aimed at protecting government revenue and licensed operators, has drawn resistance from traders who say the cheap voucher model is their livelihood

Bank of Uganda Raises Central Bank Rate to 12% to Defend Shilling

The Bank of Uganda has raised its Central Bank Rate by 2.25 percentage points to 12% in a special Monetary Policy Committee meeting, citing a weaker shilling, higher oil prices and rising inflation risks.

Uganda and South Sudan Sign Trade MoU to Ease Border Delays and Boost Commerce

Uganda and South Sudan have signed a memorandum of understanding on trade aimed at reducing border delays, cutting costs for traders and expanding commercial opportunities between the two countries.

Uganda and Kenya Agree to Scrap Remaining Barriers Choking Cross-Border Trade

Uganda and Kenya have agreed to eliminate remaining non-tariff barriers restricting the free movement of goods, reaffirming their commitment to the East African Community Common Market.

Fertilizer Costs Rise as Iran Crisis Disrupts Global Supplies

Ugandan farmers are facing higher fertilizer prices as disruptions to international supplies linked to the Iran crisis raise concerns about the cost of agricultural production for the coming planting seasons.

Kingfisher Oil Project Hits 99% Completion as Uganda Nears First Commercial Oil

The Kingfisher oil project's Central Processing Facility in Kikuube District is now 99 percent complete, with 22 of 31 planned production wells fully drilled and ready for operation.

Bank of Uganda Warns Excessive Government Borrowing Risks Squeezing Private Sector Credit

Bank of Uganda Governor Michael Atingi-Ego has cautioned Parliament against exceeding the planned UGX 12.7 trillion domestic borrowing threshold, warning it could inflate interest rates and restrict credit to local businesses.

Museveni Launches Construction of Shs 1.2 Trillion Fuel Terminal in Mpigi

President Yoweri Museveni has commissioned the construction of the 320-million-litre Kampala Storage Terminal in Mpigi District to secure Uganda's fuel supply ahead of commercial oil production.

Government Sets Preliminary FY 2027/28 Budget Envelope at Shs 79.22 Trillion

The Ministry of Finance has reduced the preliminary resource envelope for the 2027/28 financial year to Shs 79.22 trillion as government seeks to cut borrowing and boost domestic revenue.

Traders Cash In as Thousands of Mourners Flood Fort Portal for Final Send-Off

Business activity has surged around Karuziika Palace and across Fort Portal City as large numbers of mourners arrive for the burial of the late King Oyo.

AfDB Natural Resources Expert Named Successor to Ernest Rubondo as Uganda Edges Closer to First Oil

Fred Kabanda, currently heading the Non-Renewable Natural Resources Division at the African Development Bank, has been selected as the new Executive Director of the Petroleum Authority of Uganda, succeeding Ernest Rubondo whose second term ended on 31 August.

Global Ride-Hailing Giant Uber Shuts Down Operations in Uganda Effective 2 September

Uber has ended its ride-hailing operations in Uganda with immediate effect from 2 September 2026, closing a decade-long presence that began in Kampala in 2016, as part of a broader review that also saw it exit Nigeria.

Uganda and United States Seal Shs 6.4 Trillion Health Agreement with Shift to Government-to-Government Funding

Uganda and the United States have signed a Strategic Objective Agreement governing approximately $1.7 billion (Shs 6.42 trillion) in American health sector support from 2026 to 2030, marking a significant move toward direct government-to-government financing.

Museveni Unveils ‘Pearl Sweet’ as Official Name for Uganda’s Crude Oil Ahead of First Exports

President Yoweri Museveni has officially named Uganda’s crude oil blend “Pearl Sweet” at a ceremony in Kikuube District, giving the resource a market identity that combines national pride with its low-sulphur quality as the country prepares for commercial production and exports later this year.

Attorney General Warns Against Immediate Termination of Expressway Operator Contract

The Attorney General has cautioned against the immediate termination of the contract of the private operator of the Kampala–Entebbe Expressway, warning that failure to follow contractual procedures could expose Uganda to expensive international arbitration.

Iron Ore Leads Surge as Extractive Sector Records Strong Growth in FY 2023/24

Uganda’s mineral production value rose by 87 percent to Shs464.7 billion in the 2023/24 financial year, according to the latest Uganda Extractive Industries Transparency Initiative repor

E-Bus Express Launches New Electric Bus Routes in Kira

E-Bus Express has launched new electric bus routes in Kira Municipality, deploying locally manufactured Kayoola buses on three corridors as part of efforts to modernise public transport and ease congestion.

New Luxury Hotel and Executive Apartments in Nsambya Mark Debut of Marriott Brands in Uganda

President Yoweri Museveni on Thursday commissioned the Kampala Marriott Hotel and Marriott Executive Apartments in Nsambya, adding a new high-end hospitality facility to the capital’s skyline

Jambojet to Resume Nairobi–Entebbe Flights After Six-Year Break

Kenyan low-cost carrier Jambojet will resume daily flights between Nairobi and Entebbe on 1 October 2026, ending a six-year absence from the Ugandan market

UEDCL Under Fire Over Persistent Outages and Rising Losses Since Umeme Takeover

Uganda Electricity Distribution Company Limited continues to face intense public and parliamentary criticism over frequent power outages, rising energy losses and slow connections since taking over from Umeme. Many customers say the situation has not improved and in some areas has worsened.

Six New Power Lines Completed as MPs Decry Limited Electricity Access

State Minister for Energy Sidronius Okaasai has announced the completion of six of eleven pending power lines, delivering 141,400 new electricity connections. At the same time, Members of Parliament have raised a general outcry over limited connectivity across the country.

CEO Musanya Musa Reflects on Journey from COVID-19 Idea to Technology, Media and Education Brands

KMVTECHUG is marking its sixth anniversary. What began as a YouTube channel during the COVID-19 pandemic has grown into an ecosystem of media, technology and education brands under the leadership of CEO Musanya Musa.

Musasizi and Lugoloobi Urge Enterprise Uganda to Leverage Technology for Wider Entrepreneurship Support

Finance Minister Henry Musasizi and State Minister for Planning Amos Lugoloobi have challenged Enterprise Uganda to use digital platforms to reach more Ugandans with entrepreneurship and business support services.

URSB Deregisters 90,000 Inactive Companies in Massive Compliance Crackdown

The Uganda Registration Services Bureau has officially deregistered 90,000 companies that failed to file annual returns for five consecutive years and did not apply for restoration within the given grace period. The action was taken under the Companies Act.

Works Minister Directs Contractor to Speed Up Kira–Kasangati–Matugga Road

Works and Transport Minister Fred Byamukama has directed the contractor on the Kira–Kasangati–Matugga Road to immediately accelerate works following the resolution of key land issues. Clear deadlines have been set for critical sections of the project.

Uganda Accelerates Cashless Drive: Cash Tolls Set for Phase-Out on Kampala-Entebbe Expressway

Government moves to phase out cash payments at Kampala-Entebbe Expressway toll plazas in favour of mobile money and electronic tag systems, part of a wider digital payments push.

AI Emerging as Africa's Next Creative Infrastructure, Uganda Included

Artificial intelligence is becoming a cornerstone of creative and economic development across Africa, with Uganda exploring its potential in content, agriculture and healthcare.

NEC Meat and Beans Processing Plant to Be Commissioned by President Museveni

President Museveni is set to commission the NEC meat and beans processing facility, a key agro-processing project to add value to local produce.

NSSF Assets Grow to Shs32.8 Trillion as Long-Term Investment Push Continues

NSSF reports assets rising to Shs32.8 trillion as government pushes long-term investment capital to support national development goals.

Construction of New Karuma Bridge Set to Begin in October 2026

Construction of the new Karuma Bridge is set to begin in October 2026, a major infrastructure boost for a key transport route.

Uganda's FY 2026/27 National Budget Implementation Underway

The Shs84.3 trillion national budget for the new financial year takes effect, with government releasing first-quarter funds toward agriculture, industry and digital transformation.

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