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.

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.

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.

MTN Uganda has introduced a new digital transport solution called Cashless School Days, designed to enhance the safety and convenience of student commutes. Launched at Kololo Secondary School, the initiative features wearable technology that enables students to access school transport services without the need for cash payments.

In Uganda, many workers are shifting from traditional office or factory jobs to platform-based work facilitated by smartphones. This includes various roles such as boda riders, delivery drivers, freelance graphic designers, and small traders utilizing digital marketplaces. This trend highlights the growing importance of digital work in the Ugandan economy, providing new opportunities for thousands of individuals.