Equity Bank Uganda says oil, coffee could drive Uganda’s next growth phase

Uganda’s investment outlook is strengthening as economic growth, rising foreign exchange reserves and the expected start of commercial oil production create new opportunities in agriculture, manufacturing, extractives, tourism and other sectors. Economist Stella Otieno said Uganda had maintained strong economic growth while inflation remained relatively low, giving investors a more predictable economic environment. Otieno was…

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Behind the story of coffee: Africa’s struggle against colonialism

In a cozy café nestled in Nairobi’s Karen district, chestnut-colored AA-grade Kenyan coffee beans are carefully ground, extracted, and brewed under the focused gaze of a local barista. The bitterness transforms into something wondrous, a bright acidity blossoms, reminiscent of ripe, juicy tropical fruits. The aroma quickly fills the room, invigorating the senses. Eastern Africa,…

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Parliament gives Nelson Tugume additional Shs 60 bn to ‘market’ Uganda’s coffee

Parliament has approved Shs 60 billion as part of a supplementary request to fund Inspire Africa, a coffee firm run by businessman, Nelson Tugume. Henry Musasizi, the minister of state for Finance (General Duties) told MPs the additional billions are for the completion of standards and certifications, working capital to purchase coffee from farmers, branding…

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