French oil company, TotalEnergies EP Uganda has reaffirmed its commitment to creating more opportunities for young people in Uganda to continue making meaningful contributions in their communities. The commitment was made during the company’s commemoration of its over 10 years of…
Early this year, Stanbic Uganda Holdings, the parent company of Stanbic Bank Uganda, announced a profit of over Sh400 billion after tax. This was attributed to the bank’s innovative lending initiatives. In a bid to hold on to the success,…
dfcu Limited is celebrating 60 years of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses in Uganda’. dfcu was established in 1964 as a development finance institution and since then, has contributed to national socio-economic transformation, growing together…
The Diamond Trust Bank has bid farewell to its former Managing Director, Varghese Thambi, marking the end of his 17-year tenure with the bank. Thambi, who joined DTB in 2007, was hailed by the Deputy Governor of the Bank of…
Uganda Development Bank (UDB) and its partners have today organized a blood donation drive to bolster the much-needed blood bank at Mengo Hospital. Mengo Hospital and Minet are the technical partners in this initiative which is part of a broader…
Baileys, the renowned Original Irish Cream Liqueur, is breaking new ground with an exciting trial of its revolutionary paper-based bottle. In partnership with PA Consulting, Baileys is introducing a Dry Molded Fiber bottle that is 90% paper, featuring a thin…
Only one Kenyan fintech startup has made it through into the second cohort of Visa’s Africa Fintech Accelerator program. Out of the possible 20 only CheckUps Medical Hub, an Embedded health Kenyan startup, made it to the shortlist. Tanzania got two representatives…
IFC, a member of the World Bank Group, and Absa Group Limited, a South African-based bank, will provide an up to US$60 million commodity trade finance facility to Volcafe, a leading global green coffee merchant, to strengthen the company’s operations…
NMB Bank PLC, Tanzania’s leading financial institution, has listed its maiden three-year US$ 73 million Sustainability Bond on the International Securities Market (ISM) and Sustainable Bond Market (SBM) Platform at the London Stock Exchange (LSE). Ms. Ruth Zaipuna, Chief Executive…
The Fintech Association of Kenya (FINTAK) has appointed Dr. Juliet Ongwae as a Board Director, effective May 20, 2024. Dr. Juliet currently serves as the Senior SupTech Specialist at the Cambridge SupTech Lab, University of Cambridge. She has over 20…
The United Bank of Africa (UBA) has pledged to set the benchmark for African businesses by forging a united Africa, as it continues on its march towards connecting its customers to the global community, with a primary focus on facilitating…
Spiro, the largest electric vehicle company in Africa, is charging ahead in its mission to revolutionise sustainable transportation across the continent and it recently signed a heads of terms agreement for a $50 million debt facility with the African Export-Import…
KCB Bank Kenya has announced that it has secured a $95 million credit line from Proparco, a subsidiary of Agence Française de Développement (AFD) Group. The facility will be used to finance climate-related investment projects and empower women entrepreneurs in…
The African Export-Import Bank (Afreximbank) and MobiHealthCare Limited (MobiHealth) have signed a project preparation facility agreement that is expected to bolster the expansion of Mobihealth’s telemedicine services in Nigeria, and also assess the feasibility of establishing similar services in Egypt,…
The Uganda Tourism Board (UTB) has announced a comprehensive initiative to register and license all tourism enterprises in the country, aiming to identify and eliminate illegal operators. This move targets all unlicensed tourism enterprises, including hotels, restaurants, guest houses, tour…