The Shilling Crisis Exposes the Cost of Growth Without Better Livelihoods
The weakening shilling is forcing households to reconsider how they spend their money, but the government’s call for people to adjust their lifestyles has equally raised a mixed reaction. Amidist the debate, some are asking: how much of the economic strain is caused by external shocks, and how much reflects vulnerabilities within the domestic economy?…
Wakida Blames Domestic Economic Pressures for Uganda’s Weakening Shilling
Kabweri County Member of Parliament Patrick Godfrey Wakida has blamed Uganda’s weakening shilling on domestic economic pressures, including declining foreign currency inflows, investor uncertainty and rising demand for dollars, arguing that the country’s economic challenges cannot be explained solely by external shocks. In an October 9th, 2026 statement posted on his X handle, Wakida said…
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Steel & Tube Industries Wins Two Awards at 32nd Uganda International Trade Fair
Steel & Tube Industries Ltd has won two awards at the 32nd Uganda International Trade Fair, recognising its contribution to Uganda’s manufacturing and construction sector. The company was named Best Sector Exhibitor in Building, Construction and Housing Technology and also received an Appreciation Award as an InKind Partner of the 32nd Uganda International Trade Fair.…
AU Launches Africa Credit Rating Agency in Mauritius
The African Union has launched the Africa Credit Rating Agency (AfCRA) in Port Louis, Mauritius, in a move aimed at strengthening Africa’s position in global financial markets and improving how the continent’s economies are assessed. The agency was officially launched on Wednesday, October 7, 2026, following years of work endorsed by African leaders. Mauritius was…
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Rwenzori Marathon: A Case of What’s Possible in Diversifying Uganda’s Tourism Offering
By Hosea Katamba The recently concluded Mt. Rwenzori Marathon, now in its fifth year, presents a compelling case for what is possible even in the wake of the grim blow that the COVID-19 pandemic dealt Uganda’s fragile tourism sector. The marathon attracted 8,000 runners from more than 42 countries, a 33 percent increase from the…
Labour Exports Earn Uganda US$1.6 Billion Annually
Uganda earns about 1.6 billion US dollars annually from Ugandans working abroad, making labour exports an important source of foreign exchange alongside tourism, remittances and merchandise exports. Bank of Uganda Deputy Governor Professor Augustus Nuwagaba says about 900 million dollars of the earnings come from unskilled Ugandans working mainly in the Middle East, while about…
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