The African Development Bank (AfDB) has been instrumental in fueling socio-economic development in Uganda through its strategic partnerships with local financial institutions, such as the Uganda Development Bank (UDB). The UDB has been at the forefront of driving socio-economic transformation…
In a bid to promote sustainable development and reduce reliance on fossil fuels, Housing Finance Bank and the Uganda Energy Credit Capitalisation Company (UECCC) have launched a renewable energy loan program for Small and Medium Enterprises (SMEs) in Uganda. The…
African Development Bank leaders champion climate finance and just transition The fifth edition of the Finance in Common Summit (FiCS) concluded on Friday in Cape Town, South Africa, with strong calls for global development finance institutions to work together to…
Mumba Kenneth Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the nation’s largest lender by assets, revenue, and deposits. His appointment was first announced in December of last year. “I am delighted to join Stanbic…
After a successful tenure as Chief Executive Officer of Absa Bank, Mumba Kenneth Kalifungwa has bid farewell to the institution, paving the way for his new role as CEO of Stanbic Bank Uganda. Kalifungwa’s leadership at Absa Bank was marked…
In a significant move to enhance Uganda’s agricultural sector, the Uganda National Bureau of Standards (UNBS) has signed a USD 1.5 million (over Shs5.5 billion) partnership agreement with Trade Mark Africa. This collaboration aims to promote standardization and export of…
The Congo Energy & Investment Forum taking place in Brazzaville next month will feature Gianmaria Pozzoli, Director General of state-owned Centrale Électrique du Congo, as a speaker With maintenance nearing completion on one of the three turbines at the 484…
As the backbone of Uganda’s economy, small businesses play a vital role in driving growth and development. However, navigating the complexities of running a small business can be daunting, and many entrepreneurs struggle to avoid common mistakes that can be…
Christopher Ek, Director of Decarbonization Services at Wärtsilä Energy, will speak at the Invest in African Energy Forum in Paris, as the company plays a key role in Africa’s energy transition and strengthening power supplies Christoffer Ek, Director for Decarbonization…
After five years of exceptional leadership, Melkamu Abebe is bidding farewell to Coca-Cola Beverages Africa, Uganda, leaving behind a legacy of remarkable growth and success. During his tenure as Managing Director, the company experienced unprecedented expansion, with sales revenue growing…
Okere City in Otuke District, North Eastern Uganda, is home to several hundred young girls and boys who face a major challenge that hinders their educational aspirations. Ageno Rwot Flavia, a 13-year-old primary six pupil at Okere Community School, has…
In a groundbreaking move, Diamond Trust Bank (DTB) has announced a strategic partnership with MTN Uganda, endorsing the newly launched MTN MOMO Virtual Card as a game-changer in business operations in Uganda. This innovative partnership is set to transform the…
Small and Medium Enterprises (SMEs) form the backbone of Africa’s economy, driving employment, innovation, and economic transformation. However, their growth is often hindered by financial constraints, limited access to markets, and operational inefficiencies. The latest Mastercard SME Confidence Index 2025…
In a groundbreaking partnership, Uganda Airlines and Absa Bank have teamed up to support the education and empowerment of the girl child in Uganda. The collaboration is centered around the 3rd Absa KH3-7 Hills Run, scheduled to take place on…
The Petroleum Authority of Uganda (PAU) has revealed the detailed commercial structure of the East African Crude Oil Pipeline (EACOP), a joint project between Uganda and Tanzania. This breakdown aims to provide transparency and clarity for Ugandans, investors, and stakeholders…