AGP Executive Report
Last update: 2 hours agoUDB Capital Boost: Uganda has authorized the Uganda Development Bank to raise its share capital to UGX 5 trillion and let the board retain UGX 63bn from 2025 profit after tax, with a stated goal of pushing lending rates toward single digits to support manufacturing, agro-industrialization and innovation. Cybersecurity for Finance: Uganda’s inaugural National Cybersecurity Conference says telecoms and banks must harden mobile money and digital banking against SIM swaps, account takeovers and social engineering, including real-time SIM-change checks. Electric Mobility Push: Kampala’s taxi union plans to start rolling electric taxis before end of 2026, but says battery-swapping and energy network readiness will decide the pace. Industrial Value Addition Visits: The Industry minister toured Mesha Steel, Samona Products and Korica Uganda, highlighting local sourcing, export wins and the urgent need for support to keep a pioneering herbal jelly factory afloat. Microhaem Expansion Backed: Equity Bank Uganda backed Microhaem’s growth with a $50m boost to expand local diagnostics production and cut reliance on imports. Aquaculture Research Drive: Uganda’s fisheries researchers at Kajjansi are improving fish seed, genetics and feeds to scale farmed fish and ease pressure on natural fisheries. First Oil Still Possible: Uganda’s oil timeline remains on track for first oil before end-2026, with Tilenga’s central processing facility at 68.6% completion while Kingfisher and EACOP are further along. Medical Interns Deployment Warning: Health officials warned medical interns who miss reporting deadlines could lose placements as Cabinet prepares to discuss their welfare and allowance concerns. Kampala Infrastructure Reality Check: A commentary argues Kampala’s traffic jams are worsened by failing drainage and ageing sewerage, calling for smarter city maintenance over more road building. Ebola Vaccine Trial Talks: WHO and DRC authorities are advancing plans for a Phase 3 trial of an Ebola vaccine candidate as the outbreak accelerates.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.