KAMPALA, July 8, 2026 — Uganda’s strong macroeconomic fundamentals have enabled the economy to sustain robust growth, with Government now targeting an increase in domestic revenue collection from 14 per cent to 20 per cent of Gross Domestic Product [GDP] over the medium term, the Finance Minister, Henry Musasizi, has said. Speaking while officiating at …

KAMPALA, July 8, 2026 — Across Africa, micro-enterprises are the lifeblood of economic activity. They account for more than 70 percent of many national economies and generate between 60 and 80 percent of total employment. Globally, Micro, Small and Medium Enterprises [MSMEs] account for about 90 percent of all businesses and contribute more than half …

KAMPALA, July 8, 2026 — The Bank of Uganda [BoU] has continued issuing licences to large Savings and Credit Cooperative Organisations [SACCOs] across the country, with Kihondo Tukwatanize Co-operative Savings and Credit Society Limited becoming the latest institution to receive approval. The cooperative, commonly known as Kihondo Tukwatanize SACCO, is located in Kichwamba Subcounty, Kabarole …

KAMPALA, July 7, 2026 — Access to finance remains one of the most important drivers of business growth. Whether you are launching a start-up, expanding a school, increasing stock, purchasing machinery, investing in agricultural production, opening a new branch, or growing an established enterprise, access to the right financing can provide the capital needed to …

MADISON, Wisconsin, July 7, 2026 — The World Council of Credit Unions [ WOCCU ], in collaboration with Visa, has completed one of the first known cross-border digital remittances between credit union cooperatives, connecting members in the United States directly with members in Guatemala through a new pilot initiative. The milestone represents a significant step …

KAMPALA, July 7 — Small and medium-sized enterprises [SMEs] operating in Uganda’s Karamoja Sub-region have been invited to apply for grants of up to US$15,000 under a new European Union-funded programme aimed at strengthening climate-resilient pastoral and agro-pastoral market systems. The PLACE SME Grant Facility, established under the European Union-funded Regional Programme in Livestock and …