UEDCL registers a 10.5% surge in revenue

The Minister of Energy and Mineral Development, Ruth Nankabirwa who chaired the AGM said the government is committed to supporting UEDCL as it prepares to take over Umeme territory to ensure the…

Captains Of Industry: Manoj Murali led digital empowerment at NAM

Manoj Murali, Managing Director, Airtel Uganda Airtel Uganda’s Managing Director, Manoj Murali, Leads Digital Empowerment Efforts at NAM Conference. In a dynamic world reshaped by technology, Airtel Uganda’s Managing Director, Manoj Murali,…

Anne Juuko set to exit Stanbic Bank Uganda

Courtesy Photo: Anne Juuko Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group.…

How to tag ESG to your brand

Meeting in progress. Photo: Internet Environmental, Social, and Governance (ESG), as complex as it sounds is merely a set of standards that investors use to screen investments. The investments are screened through…

ESG: Here are the 2024 trends to look out for

ESG is a framework used to assess an organization’s business practices and performance on various sustainability and ethical issues. Photo: Internet Environmental, social, and governance (ESG) is now no longer a new…

Uganda’s Financial Sector Embarks on a Sustainable Journey: A Boon for National Brand.

If Uganda emerges as a pioneer in sustainable finance within the region, it positions the country as a leader in responsible financial practices. This leadership role can enhance diplomatic relationships, partnerships, and collaborations with other nations committed to sustainability.

MTN Uganda’s New CEO, Sylvia Mulinge Assumes Office

MTN Uganda’s new Chief Executive Officer, Ms. Sylvia Mulinge has assumed office following the exit of former CEO, Wim Vanhelleputte, who was promoted to a regional executive role responsible for MTN Group’s…

Absa Bank Uganda has a New Chief Risk Officer

Guy Kimbowa Lutaaya has been appointed Chief Risk Officer (CRO) at Absa Bank Uganda Limited effective 1 October 2022. He is a seasoned finance professional and banker, with over 20 years of…

Google suffer a setback, European Court fines it USD 4Billions

Google (GOOGL) suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals,…

UNOC’s Nabbanja nominated CEO of the Year

Ms. Proscovia Nabbanja, Chief Executive Officer, Uganda National Oil Company has been nominated in the African Energy Awards 2022 as Chief Executive Officer of the year. Taking place during African Energy Week…

Uber, Bolt resume business in Tanzania

Uber and Bolt have announced plans to resume operations in Tanzania, after weeks of controversy. The companies were forced to suspend services in Tanzania following the government’s regulatory changes that were enforced…

KCB Group ventures into DRC

Regional lender, KCB Group, has followed the footsteps of Equity Bank to venture into the Democratic Republic of Congo. KCB Group, which already has operations in Rwanda, Burundi, Tanzania, Uganda and South…

CORPORATE WCW: Asmahaney Saad, Managing Partner, KTA Advocates

Asmahaney is an advocate, a legal consultant and an Alternative Dispute Resolution practitioner. Asmahaney is also a Committee member on the first ever appointed Investment Advisory Committee (IAC) that advises the Minister…

Xente tech officially a PSO

 Xente Tech Ltd, a financial technology platform that simplifies payments and finance for businesses, has obtained the Payment Systems Operator (PSO) license from Bank of Uganda. The National Payment System Act-2020, implemented…

Jenifer Bamuturaki is the new CEO Uganda Airlines

Jenifer Bamuturaki has been confirmed as the substantive Chief Executive Officer of Ugandan Airlines. The approval is contained in a July 5 letter written by works and transport minister, Gen. Edward Katumba…

RICHARD BYARUGABA: Our procurement report for the FY 2021/22 indicates that local firms receive 90% of business from the Fund albeit of low value while only 10% goes to international firms

The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the…

UBOS launch a five year plan to support PDM

The Uganda Bureau of statistics (UBOS) has launched structure committees mandated to collect field data regarding the statistics of the country. UBOS earlier on formulated a 5 year Plan for National Statistical…

HFB launches “Zimba Mpola Mpola” Housing Loan Scheme

Housing Finance Bank has launched the Incremental Housing Loan to unlock opportunities for Ugandans to attain affordable home ownership and financial independence. Uganda’s housing deficit stands at 2.4 million housing units and…

Former Uganda Airlines boss arrested for abuse of Court Orders

Cornwell Muleya, the former Chief Executive Officer of Uganda Airlines has been arrested on orders of The Inspectorate of Government-IG.. A statement by the Deputy Inspector General of Government, Dr. Patricia Achan…

UK gov’t presents FSD Uganda to Gates Foundation

The UK Government has stepped down from funding Financial Sector Deepening Uganda (FSDU) and handed over that role to the Bill and Melinda Gates Foundation, it said on June 15 in a…

URA to start collecting VAT from Netflix, Uber

Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022,…

Some pump attendants give fuel less than what has been paid for

 Government agencies and petroleum marketing companies are divided on whether or not to resume the countrywide crackdown on fuel stations that violate standards. These activities were suspended when COVID-19 broke out more…

TAT ORDERS DHL TO PAY OVER UGX 1.4 BILLION TO URA

DHL Supply Chain International Ltd, a Ugandan subsidiary of the the Deutsche Post (DHL group in Germany) has been ordered to pay UGX 1,484,422,000 of Value Added Tax (VAT) to URA in…

Ugandan Economist graduates from Harvard University
Ugandan Economist and Business Executive, John Kakungulu Walugembe, graduated from Harvard University’s John F. Kennedy School of Government in May.In a color full ceremony, held at the University’s campus in Cambridge Massachusetts,…
ZTE wins big at the 5G MENA 2022 Awards

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced it has won the “Best Mobile Transport Solutions to Connect…

MTN and Stanbic Bank re-appoints PwC in an audit deal

MTN Uganda Limited has announced the re-appointment of PricewaterhouseCoopers, Certified Public Accountants as the external auditor of the Company for the audit relating to the financial year ending 31 December 2022. The…

TECH PUNDITS: Smile telecom should pack and leave

At the end of January 2022, Smile Telecom’s 4G LTE network was switched off and until now, the firm continues to encounter challenges on their network that have impacted the service availability.…

Kirunda Magoola wins big at CCBA

Kirunda Magoola has been appointed Public Affairs and Communications Director, Coca Cola Beverages Africa (Uganda) replacing Simon Kaheru who was appointed Group Head of Public Policy and Partnership as of 01 April…

Brand Africa 100:  Africa’s Best Brands 2022

Over the years, on average, only 20% of the brands Africans admire are made in Africa. Nike (#1 brand overall), MTN and Dangote (#1 African brands recalled spontaneously and prompted respectively), BBC…

Godfrey Muhindo appointed CCO MTN Mobile Money Uganda

Godfrey Muhindo has been appointed Chief Commercial Officer for MTN Mobile Money Uganda Ltd reporting to the Managing Director. As Chief Commercial officer, Godfrey Will be responsible for running the commercial operations…

UMEME net profits more than triple in 2021

Uganda’s electricity distribution firm, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during…

EU donates shs 31.8B to support customary land reforms

The European Union has provided 8 million euros (31.8 billion shillings) towards efforts aimed at eliminating injustices related to the land tenure systems in the country. The grant to be administered by…

UIA rewards CNOOC for the Lake Albert development project

The Uganda Investment Authority (UIA) awarded CNOOC Uganda Limited the FID (Final Investment Decision) Appreciation Award for the Lake Albert development project. President Yoweri Museveni, at this landmark ceremony, said that the revenues accrued from…

Ucanda resigns from UETCL citing negative media reports

The Uganda Electricity Transmission Company Ltd (UETCL) chairman Board of Directors, Mr Peter Ucanda, has resigned from his job citing what he called negative media reports that have soiled his hard-earned reputation…

Jumia launches 9th tech-sale edition

E-commerce firm, Jumia has officially launched the 9th edition of its annual tech-sale. Executives said yesterday (March 21) in Kampala that the sale activity will run from March 21 to April 3rd…

DIGITAL SAFETY IS A RIGHT, SAYS UCC BOSS

Digital safety is a fundamental right for consumers, and all stakeholders should join hands to enforce it, the Uganda Communications Commission Ag. Executive Director Irene Kaggwa Sewankambo has said. “The Commission recognises…

Uganda to export milk to Zambia

Uganda has secured a new market for its milk in Zambia following a long unresolved impasse with Kenya which was the largest market for Uganda’s exports. Since December 2019 when Kenya authorities…

UTB Officials On Spot For Embarrassing Uganda At Dubai Expo

Officials of the Uganda Tourism Board (UTB) have come under fire from several Ugandans who are faulting them for not only embarrassing President Yoweri Kaguta Museveni but also the entire country during…

Land issues: Minister Nabakooba launches National Call Centre

In a bid to expedite addressing land issues such as illegal land evictions, incidents of corruption and bribery, Lands Minister Judith Nabakooba yesterday launched a National Call Centre based in Wandegeya. She…

France aids Uganda against COVID 19, donates sh10.8b items

The Government of France has donated to Uganda sh10.8 billion covid fight items  such as one million FFP2 face masks, fifty four thousand six hundred antigen testing kits and nine Osiris3 respirators. They  were…

BIG READ: A LOOK AT JUNE 2021 PERFORMANCE OF THE ECONOMY REPORT

Real Sector Annual Headline inflation slightly increased to 2.0% in June 2021 from 1.9% the previous month, largely driven by increases in prices for food and non-alcoholic beverages during the month. Economic activity weakened in June 2021 largely on account of the implementation of restriction measures to curb the resurgent spread of Covid-19 during the month. Similarly, sentiments about doing business,…

Covid-19: ERA cuts electricity tariffs for 2021 third quarter

Electricity regulatorElectricity Regulatory Authority (ERA) has cut electricity tariffs across Consumer Categories from July to September 2021 with the exception of Street Lighting, the agency has announced. According to the new End-User…