Uganda’s Court of Appeal has blocked South African moneylender, Vantage Mezzanine Fund, from selling businessman Patrick Bitature’s prime properties in Kampala. In his ruling on June 27, Justice Christopher Gashirabake said “there is all evidence that there is a real…
According to his family, Mr Majwega had gone to the USA to attend his daughter’s graduation ceremony in Minnesota. “With deep sorrow Ms Halima Majwega of Framingham,Ma and her family announce the sudden death of the father of her children…
Uganda Breweries Recognized at the President’s Export Award Ceremony Uganda Breweries has been recognized by President Museveni and the Uganda Export Promotion Board as a leading company in export promotion and import substitution. This was at Imperial Royale Hotel, where President Museveni…
Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses to overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia Ojangole, revealed on June.24 immediately…
The students of Kasese Youth Polytechnic Vocational Training Institute (VTI) in Western Uganda are set to reap from the generous donation of a fully furnished Digital Resource center courtesy of the MTN Foundation in partnership with Enabel a Belgian NGO.…
Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019 following BOU approval. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to…
Meera Investment Limited, a real estate arm under Ruparelia group has presented Uganda’s largest fabulous homes grand project, the One-10 Apartments for sale. The ‘heaven’ homes stand in Kololo on Prince Charles Drive – a leafy affluent and diplomatic zone…
Shamim Nabuuma Kaliisa, a Ugandan techpreneur was this week elected and sworn in as the African Representative on the Commonwealth Youth Council (CYC) Executive Committee. Ms. Nabuuma, the founder and CEO of the CHIL Artificial Intelligence Lab Group and a…
Nile Breweries Limited has launched BEES: a business-to-business (B2B) application that will enable Ugandan retailers to browse products, place orders, access deals, arrange deliveries, and tap into business insights, all via one interface. “Our purpose – to dream big to…
Global Ever-greening Alliance, Climate Asset management and the African Forest Landscape Restoration Initiative is expected to pave the way for a greener Africa to mitigate the impact of climate change in Africa. While speaking at a press briefing held on…
Yutus Aribariho has been appointed the bank’s Global Head, Digital Utilities. He will officially take over this position effective 1st August 2022. In his new role, Yustus will oversee the bank’s design and development of digital utility platforms as well…
Cornwell Muleya, the former Chief Executive Officer of Uganda Airlines has been released on bail. He appeared Wednesday before the Buganda Road Grade One Magistrate, Asuman Muhumuza who granted him bail of Shillings 1.5 million in cash and bonded his…
Financial Sector Deepening (FSD) Uganda has announced the appointment of Ugandan Economist and Banker, Patrick Oketa as their Executive Director. A statement from the Official website of FSD Uganda dated 21st June 2022 read: “We are pleased to announce that…
With just UGX600, 000 or USD166 investment, Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to UGX 20 million—this, courtesy of Stanbic MediProtect, a joint offer by the bank and…
The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this…