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Uganda Signs Agreement To Build Four Solar And Wind Farms

The Ugandan government recently reached an agreement with Hussain bin Jassim Al-Nowais, head of Amea Power, an independent power producer (IPP) based in the United Arab Emirates. The IPP wants to build four solar and wind farms in two regions in Uganda. New renewable energy projects will be implemented in Uganda. It is the promise […]

Bank Of Uganda Injects $200M To Shield Shilling

The Central Bank has in less than a fortnight injected about $200m (Shs780b) as it seeks to shield the shilling from depreciation. The shilling has for about two weeks experienced a lot of volatility mainly because of speculation and panic buying resulting from the Covid-19 distress. The unit, which had been largely stable for over […]

Ugandan Truckers Stuck At Busia Border

Several Kenya and Uganda-bound trucks and fuel tankers are stuck at the Busia-Kenya border after foreigners, especially Ugandan drivers, were stopped from crossing into Kenya.  Most of Uganda’s fuel is transported through Kenya; so the closure of the border over coronavirus threatens to hurt exports and fuel supplies. Uganda is a landlocked country and depends […]