In a historic move, President Paul Kagame has appointed Dr. Soraya M. Hakuziyaremye as the first female governor of the National Bank of Rwanda (BNR), effective February 25, 2025. This appointment is a testament to Dr. Hakuziyaremye’s exceptional leadership skills,…
In a significant milestone for conservation efforts in Tanzania, EACOP Limited has signed a Memorandum of Understanding (MoU) with the Tanzania Wildlife Authority (TAWA) to protect the country’s wildlife in project-affected areas. This agreement is expected to have a positive…
The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement…
In a country where poverty and unemployment remain significant challenges, innovative entrepreneurs like Angella Babirye are leading the charge in unlocking the economic potential of Uganda’s natural resources. Babirye, the proprietor of Lamalo Essentials, an agroecological business enterprise that empowers…
The planned projects will mark the debut of The Ritz-Carlton in the luxury safari market and the opening of the second JW Marriott safari camp in Kenya Marriott International, Inc. today unveiled plans to open two luxury tented safari camps…
The Petroleum Authority of Uganda (PAU), under the leadership of Mr. Ernest Rubondo, has moved to calm concerns about the potential dangers of the East African Crude Oil Pipeline (EACOP) to Uganda’s and Tanzania’s ecological systems. According to PAU, while…
In a move set to shake up the insurance industry in Uganda, Aidah Nkwanzi has taken the reins as the new Chief Executive Officer of Britam Life Assurance. A seasoned insurance expert with over 18 years of experience, Nkwanzi is…
Applications are open for schools to compete in the 10th season of the Stanbic National Schools championship (NSC) and the stakes are high on who will win the youth entrepreneurship gong as it marks a decade since its inception. Last…
A recent Memorandum of Understanding (MoU) signed between EACOP Limited and the Government of Tanzania is set to bolster the oil and gas sector in Uganda. The agreement, facilitated through the Ministry of Home Affairs, outlines project security commitments in…
As Chair, Zubairu will drive collaborative growth by strengthening partnerships among member institutions, African governments, and global agencies to build a robust financial architecture The Alliance of African Multilateral Financial Institutions (AAMFI), also known as the Africa Club, has announced…
A Leader Bridging Tradition and Economic Transformation For over a decade, Charles Peter Mayiga, the Katikkiro (Prime Minister) of Buganda, has redefined what it means to be a custodian of both culture and commerce. Appointed by Kabaka Ronald Muwenda Mutebi…
In a move aimed at boosting economic development in South Sudan, the African Development Fund (ADF) has approved a grant of USD 153.66 million (over Shs562 billion) for the Uganda-South Sudan power interconnection project. The project, which is part of…
British American Tobacco Uganda Limited (BATU) has announced significant changes to its Board of Directors, effective 1 March 2025. The changes include the appointment of a new Managing Director, the addition of a Non-Executive Director, and the resignation of an…
Uganda is one of the countries that are most vulnerable to climate change in Africa. Rising temperatures, changing rainfall patterns, and increased frequency of extreme weather events are all taking a toll on the country’s agricultural sector. The worst-affected areas…
The Petroleum Authority of Uganda (PAU) has reaffirmed its commitment to improving the livelihoods of project-affected Ugandans through agriculture. During a quarterly engagement meeting with Non-Governmental Organizations (NGOs) and private sector players in Kampala, the PAU shared valuable insights on…