business

Parliament has adopted an amended motion urging the Government to aggressively scale up funding and operational support for smallholder farmers under the National Smallholder Farmers Transformation and Climate Resilience Programme, rejecting proposals for a new law after lawmakers cited sufficient existing statutes and identified poor policy implementation as the real bottleneck.

The Bank of Uganda is rallying farmers, small businesses, and commercial lenders to tap into the Agricultural Credit Facility (ACF) and Small Business Fund (SBF), with Deputy Governor Prof. Augustus Nuwagaba revealing that over Shs 1.35 trillion has been disbursed nationwide to drive value addition, boost exports, and anchor macroeconomic stability.

The Kampala Capital City Authority (KCCA) has launched the construction of the multi-billion-shilling Ggaba Market in Makindye Division under the $162.64 million GKMA-UDP, delivering specialized cold-storage facilities for fish mongers, over 700 trading stalls, and a dedicated day-care center to accommodate relocated street vendors within two years.

Uganda has opened a three-day diplomatic review in Kigo to demand stricter accountability, institutional follow-up, and measurable commercial results from its overseas missions, following a historic surge in national export revenues to US$15.8 billion.

A Ugandan delegation led by Trade Minister Hon. Sanjay Tanna held bilateral talks in Nairobi with Kenya’s President William Ruto and Cabinet Secretary Lee Kinyanjui to address non-tariff barriers, accelerate industrial policy harmonization, and boost cross-border trade integration.

Operation Wealth Creation (OWC) has undertaken a comprehensive structural reorganization across its leadership and operational arms to optimize institutional monitoring, supervision, and project delivery, including the creation of a new Directorate of Value Addition and Manufacturing.