At Bayaya we market premium-quality coffee, ensuring that farmers uphold standards and earn sustainable incomes to support lasting livelihoods. Growing up in the rich highlands of Sironko in Eastern Uganda, Meridah Nandudu watched as coffee fueled the livelihoods of her community. Yet, behind the rich aroma of freshly harvested beans lay a stark of reality—many…
Uganda has overtaken Ethiopia to become Africa’s leading coffee exporter, according to a report released yesterday. In a statement issued by the Ministry of Agriculture, Animal Industry and Fisheries said the country exported 793,445 60-kg bags of coffee in May, earning $ 243 million. “Uganda’s coffee industry has reached a historic milestone. In May 2025,…
The Buganda Kingdom’s Powesa Sacco achieved a remarkable revenue growth, soaring from Shs 1.1 billion in 2023 to Shs 2.6 billion in 2024. The Sacco’s chairman of the board, Rashid Musisi Ssemanda, announced that this growth led to a significant rise in net profit, from Shs 23 million in 2023 to Shs 303 million in…
Stanbic Bank Uganda has announced the launch of a three-month nationwide campaign to boost its innovative digital payments platform, FlexiPay. The campaign dubbed the “Flexipay Cashback Explosion” kicked off at the offices of Boda Boda Banja, one of the bank’s key merchant partners in Kampala, with the goal of revolutionizing everyday transactions and accelerating digital…
Uganda Development Bank(UDB) announced a robust performance for 2024 registering a profit of Shs 57.8 billion. This marks a 16% increase from Shs 49.8 billion in 2023. During the release of the bank’s performance report yesterday, Dr. Patricia Ojangole, UDB’s managing director, emphasized the bank’s focus on resource efficiency and innovative funding to enhance its…
Uganda’s vanilla exports more than doubled in 2024, generating $16.6 million (approx Shs 60 billion) in revenue, authorities announced Tuesday. Uganda exported 604 metric tonnes of vanilla in 2024, up from 266 metric tonnes the previous year, said Fred Bwino Kyakulaga, minister of state for Agriculture at a press briefing in Kampala. “Vanilla has become…
The Ministry of Finance has unveiled a Shs72.136 trillion national budget for the 2025/2026 financial year, setting its sights on transforming every corner of the country into a hub of commercial activity. Presented by Finance Minister Matia Kasaija at the Kololo Ceremonial Grounds yesterday, the budget signals a strong shift towards full monetisation of Uganda’s…
Equity Bank Uganda, part of Equity Group, has launched a comprehensive staff audit to address unethical employee behaviour, Bbeg Media has learned. Sources told us that the bank that has 50 branches and hundreds of employees in Uganda, intends to tackle issues such as extortion, rudeness, negligence, and collusion with customers to defraud the institution….
Prudential Uganda has awarded Shs 135 million to the top five graduates of Makerere University’s Actuarial Science program as part of its ongoing efforts to grow actuarial talent in Uganda. The support is part of the Prudential Actuarial Support Scheme (PASS), launched in 2022 in partnership with Makerere University. The initiative recognizes academic excellence while…
Uganda is one of the countries most exposed to recent cuts in international aid, particularly with the dissolution of the US Agency for International Development (USAID). In 2023, about 5% of gross national income – a measure of a country’s total income, including income from foreign sources – was received in aid. The cuts have…
