Safaricom Plc has released its financial results for the full fiscal year of 2024, reporting robust earnings propelled largely by its M-Pesa mobile money platform. In its Kenyan operations, Safaricom witnessed a remarkable 11.7% growth in service revenue, totaling Ksh…
TDB Group mourns the untimely passing of a dear colleague, Mr. Daniel Lam Chun, Chief Executive, ESATAL fund management company and TDB Group Executive, Indian Ocean-Lusophone Africa Coverage, on Tuesday the 7th of May 2024. Mr. Lam Chun joined TDB in…
Absa Bank Uganda and DHL Uganda have announced a partnership to support 800 Small and Medium Enterprises (SMEs) in accessing export markets through the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The programme aims to empower SMEs by enhancing their…
A team of researchers from Makerere University Centre for Environment for Development Initiative (EfD-Mak Center) on Friday 3rd May 2024 went to Parliament to share study findings on Uganda’s heavy reliance on fuel wood and charcoal to guide the country and, in particular…
The 2nd Uganda-Tanzania Business Forum is set to take place on May 23-24, 2024, at the Johari Rotana Hotel in Dar es Salaam, Tanzania. The event aims to strengthen the longstanding ties between the two nations and foster economic cooperation.…
MTN Uganda has its financial performance report for the first quarter ended 31 March 2024, indicating growth across all segments of the business. According to the report, despite MTN Uganda operating in a difficult business environment characterised by a struggling…
Uganda Airlines has taken a significant leap forward in its expansion plans with the arrival of a brand-new Airbus A320 aircraft at Entebbe International Airport. The 160-seat aircraft, configured with a 12-seat Business Class and a spacious 138-seat Economy Class,…
Makerere University students, staff and the general public will have easy and free access to Reproductive Tract Infection (RTI) health services courtesy of a new mobile application developed by Makerere University Hospital. The Mak RTI mobile App launched on Friday 3rd May…
Today, Private Sector Foundation Uganda and PwC Uganda launch a report on the Study of the Impact of Digital Tax Stamps in the Manufacturing Sector at the Kampala Sheraton Hotel. According to the report, there has been an increase in operational…
Capital Markets Authority of Kenya has given the greenlight to five new firms to operate in the industry in different capacities in the latest move to deepen and develop the capital markets. In line with the Capital Markets (Licensing Requirements)…
NCBA Bank Uganda has partnered with the National Forestry Authority (NFA) to embark on an environmental sustainability journey to plant 20,000 trees in 2024, equivalent to 30 hectares. This campaign, under the bank’s “Change the Story” initiative, aims to restore…
Dr. Pamela Tibihikirra-Kalyegira has been appointed as Director, Law Development Centre (LDC). Her appointment was confirmed by Justice Paul Mugamba, the Chairperson of the LDC Management Committee. She replaces Frank Nigel Othembi, whose tenure as director ended in April 2024…
South African fintech startup Moya Money, established in 2021, has undergone a rebranding and will now be known as Bloo Money, effective May 2024. In a recent statement, the company explained that the decision to rebrand reflects its ongoing evolution…
NCBA Bank Uganda has announced its financial results for the fiscal year 2023, showcasing robust growth and profitability driven by strategic investments in a strong performance culture. The bank reported a net profit of Shs27 billion, marking a significant 17%…
The Fintech Association of Kenya has announced the appointment of Joseph Githaiga, an accomplished corporate lawyer and regulatory compliance expert, to its Advisory Board effective May 1, 2024. Joseph Githaiga brings to the board a profound expertise shaped by his…