Tullow Oil plc announced today that Richard Miller has been appointed as Interim Chief Executive Officer and Chief Financial Officer, effective February 14, 2025. This follows the departure of Rahul Dhir as CEO, who will step down from the Board…
Antonio Guterres, Secretary-General of the United Nations, has expressed his heartfelt condolences following the passing of His Highness Prince Karim Al-Hussaini Aga Khan IV. The Aga Khan, the 49th hereditary Imam of the Shia Ismaili Muslims and founder of the…
Uganda’s telecom industry is set to undergo a significant transformation in 2025, driven by emerging technologies and evolving customer demands. Speaking during a media roundtable at MTN Uganda headquarters in Kampala, MTN Uganda Chief Executive Officer, Sylvia Mulinge, said key…
Airtel Africa, a leading provider of telecommunications and mobile money services across Africa, has announced strong financial results for the nine months ending December 2024. Mobile services revenue grew by 11.4% to $1,367 million compared to the same period in…
Equity Bank Uganda recently celebrated the graduation of its first cohort of Equity Leaders Program (ELP) scholars, who have successfully completed their 3-year University Bachelor’s degree programs. The ELP, an initiative under the Equity Group Foundation, aims to nurture academically…
A tragic incident at Entebbe International Airport in the early hours of Thursday has not only shocked the aviation community but has also raised critical questions about the safety and communication protocols at Uganda’s primary international gateway. Two female passengers…
VAALCO Energy, Inc. today announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading (FPSO) Dry Dock Refurbishment Project. As scheduled, hydrocarbon production from the FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (CNRI), ceased…
Geoffrey Kihuguru, a distinguished businessman and insurance expert, has been appointed as the new Chairman of the Board of Directors at Uganda Development Bank (UDB). Kihuguru, who serves as the Chief Executive Officer of Pentad Insurance Brokers, brings a wealth…
The World Bank and the African Development Bank (AfDB) have launched “Mission 300,” a joint initiative aimed at providing electricity access to nearly 300 million Africans over the next five years through a $50 billion investment. The ambitious pledge was…
Telecom giant MTN Uganda has appointed Nigerian finance expert Victor Onyebuchi as the Head of Banking Operations for MoMo, its mobile money platform. MTN MoMo (Mobile Money) is a widely used digital financial service in Uganda and Africa that allows…
In a bid to enable Ugandan business operators to have easier and more affordable access to credit, Stanbic Bank Uganda has reduced its USD Prime Lending Rate (PLR) from 13.5% to 13.0% per annum. According to a statement from the…
The Netherlands government, through the CommonGround project, is empowering farmers in Bunyangabu and Ntoroko districts in western Uganda to engage in large-scale coffee farming. By providing both financial and technical support, the Netherlands is transforming local communities and enhancing their…
Uganda has retained its position as one of Africa’s top financial markets, securing fourth place in the 2024 Absa Africa Financial Markets Index. The report, released in Kampala on January 28th, highlights the country’s strong macroeconomic stability and improvements in…
The Bank of Uganda has appointed Collin Babirukamu as its new Chief Information Officer (CIO). Babirukamu brings a wealth of experience in digital transformation, cybersecurity, and financial technology to this critical role. His expertise in areas such as artificial intelligence,…
Uganda Baati Limited, a leading provider of innovative building solutions, has entered into a strategic partnership with Crestanks Limited, a manufacturer of safe water tanks and storage solutions. The collaboration aims to raise awareness and provide comprehensive rainwater harvesting solutions…