AGP Executive Report
Last update: 10 hours agoEnergy Investment: China’s Jinguan Electric says it has signed a framework deal worth up to $296 million to build 50 solar, storage and EV-charging stations across Africa. Spiro Mobility, which operates in Uganda and six other African countries, is its partner. Mineral Trade: Uganda’s latest UGEITI report shows a striking mismatch: one section puts mineral exports at Shs11.8 trillion, while another records just Shs119.2 billion, raising concerns over trade data, taxation and public revenue. Manufacturing: NWSC chief Silver Mugisha wants Danish firm Grundfos to partner with National Enterprise Corporation to make pumps and spare parts in Uganda, potentially supplying utilities across Africa. Business Climate: The shilling has breached Shs4,100 to the dollar, pushing diesel above Shs7,100 a litre and adding pressure on manufacturers and other importers. Nigerian investors are also exploring opportunities in Uganda, including cement, pharmaceuticals and food processing. Industrial Finance: Government is pushing reforms at Uganda Development Bank, including faster loan decisions and stronger support for manufacturing as the bank’s capitalisation reaches Shs2 trillion.
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