Uganda's oil industry is progressing towards significant milestones, particularly in the Albertine region where drilling and infrastructure development are underway, and the Tilenga project is nearing its first oil production. However, according to The Observer, many Ugandan businesses involved in the sector are experiencing a financial crisis due to a collective debt exceeding $9.7 million.

MTN Uganda experienced a significant outage starting around midday, affecting calls, internet access, and Mobile Money services. Subscribers reported issues with making and receiving calls, accessing mobile data, and completing transactions. The disruption intensified around 1 p.m., and after several hours, MTN Uganda confirmed the outage was due to a power failure.

Seacom has announced the launch of a new land-based fibre route that connects Nairobi, Kenya, to Kampala, Uganda, with a passage through Kisumu. This upgrade is expected to enhance the internet infrastructure across East Africa, significantly improving the capacity for internet traffic in the region.

According to the IMF's latest Regional Economic Outlook, Uganda is projected to be one of the fastest-growing economies globally over the next two years, despite a challenging environment for sub-Saharan Africa due to external shocks. The report highlights that while the region faces higher energy costs and tighter financial conditions, Uganda's growth is expected to accelerate significantly, driven by its oil sector.

The Uganda Communications Commission (UCC) allocated spectrum for commercial 5G services in 2023, highlighting that the technology's potential extends beyond faster internet. However, businesses in Uganda have yet to fully leverage the capabilities of 5G, which could transform various sectors. The article explores the reasons behind this underutilization.

MTN Mobile Money (U) Limited has appointed Phrase Lubega as the new Managing Director, as announced by the Board of Directors. His appointment is pending regulatory approval from the Bank of Uganda. Lubega, a Ugandan national, has significant experience in the industry, marking a return to a leadership role within the company.