PostBank is on a mission to transform the livelihoods of Ugandan farmers. In a strategic move to boost agricultural exports, the bank has equipped 150 cassava farmers and SMEs in Arua District…
CFAO Mobility Uganda has unveiled the highly anticipated Land Cruiser Prado 250 Series, a pinnacle of luxury and performance. This exclusive model, priced at Sh300 million, represents a significant addition to the…
Financial service providers in Uganda have been urged to embrace technological advancements to stay competitive and improve customer experience. This call to action comes from Michael Mugabi, the Managing Director of Housing…
Uganda Airlines is expanding its wings. The national carrier recently announced the addition of three new routes to its network: Lusaka, Zambia; Abuja, Nigeria; and Harare, Zimbabwe. These exciting destinations will be…
In line with its purpose of fostering prosperity for Ugandans, PostBank Uganda has launched a Self-Onboarding ZeroFlex digital account to enable customers to self-register and have access to financial services anywhere and…
A recent article raised significant concerns about the environmental and social impacts of Total Energies’ $10-billion Tilenga project in western Uganda. The project, which involves drilling more than 400 oil wells, many…
Bamburi Cement Limited (NSE: BAMB) witnessed a significant increase in its share price on Thursday, July 11th, 2024. The company’s stock closed at KShs. 57.75 per share, reflecting a remarkable 28.3% surge…
Coca-Cola Beverages is reaping from setting up Africa’s fastest plastic bottle production line in its East Africa operations. It has a capacity of 67,000 bottles per hour and equipped with state-of-the-art technology…
The National Social Security Fund (NSSF) of Uganda has reported significant returns on its investment in MTN Uganda, the country’s largest telecom operator. According to a recent press release, NSSF has earned…
PostBank Uganda Limited has appointed Ibrahim Kato as its new Chief Retail Officer. With over 15 years of experience in the banking sector, Kato brings a wealth of knowledge and expertise to…
Coca-Cola Beverages Africa has appointed Josphat Mwangi to the position of General Manager for its subsidiary, Coca-Cola Beverages Zambia. Confirming the company’s commitment to developing leadership internally, Mwangi joins the Zambian team…
A network of Official Coca-Cola Distributors (OCCDs) is helping to ensure that Coca-Cola products reach Ugandans efficiently in every corner of the country. As a Fast Moving Consumer Goods manufacturer, Coca-Cola Beverages…
Stanbic Uganda Holdings Limited has announced the launch of its Stanbic Unit Trust, strategically entering the nation’s burgeoning Collective Investment Scheme (CIS) market. This move leverages SUHL’s established client base and aligns…
Absa Group Ltd, one of the largest diversified financial service providers in Africa, has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing…
Jubilee Life, a leading insurance provider in Uganda, today announced the launch of its innovative Jubilee Smart Save Plan. This new plan aims to empower Ugandans to prioritize long-term financial security by…
In a significant gesture of strengthening ties and fostering collaborative efforts, the King of Tooro, His Majesty Oyo Nyimba Kabamba Iguru Rukidi IV, made his maiden courtesy visit to the MTN Uganda…
The seventh annual bankers’ conference, hosted by the Uganda Bankers Association (UBA) on June 19th at the Kampala Serena Hotel, buzzed with discussions on Environmental Social and Governance (ESG) issues, reflecting a…
Ugandan building materials producer Uganda Clays Limited (UCL) encountered a revenue decline in its recently concluded five-year strategic plan. UCL’s 2023 revenue dipped to Shs 30.1 billion ($8.4 million) from Shs 36.6…
The Minister of Gender, Labour and Social Development has appointed Mr. Gerald Paul Kasaato as the substantive Deputy Managing Director of the National Social Security Fund (NSSF), Uganda. His appointment follows a…
Leading multi-category app, Glovo has successfully concluded its highly anticipated 3-Day Courier Program, a series of events focused on the growth, development, and recognition of its couriers. The initiative, themed ‘Courier Day’…
Following the outstanding success of the initial phase of its youth empowerment flagship initiative, MTN Uganda’s corporate social responsibility arm, MTN Foundation, has launched the second phase of the MTN ACE program…
MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom executives said on June 13. The company received applications for 3 billion…
RwandAir Cargo is launching new services to Dubai and Djibouti, both operated by its dedicated freighter B738SF. The expansion is part of the airline’s mission to connect Africa and the world, it…
The Bank of Uganda (BoU) took decisive action on June 18, 2024, revoking the license of Mercantile Credit Bank Limited. This move places the bank under liquidation, effectively shutting down its operations.…
MTN Uganda, along with its partners, last Friday, marked a significant extension of support to Ariwa Secondary School in Yumbe District, West Nile region, as part of the “30 Days of Y’ello…
FlexiPay, Stanbic Bank’s digital payment platform, has partnered with International Fund for Agricultural Development (IFAD) and Upesi Money Transfer, a regional payments company, to enable FlexiPay users to send, receive money from…
On the 13th June 2024, MTN Uganda announced the successful completion of its secondary market share offer, which garnered an exceptional 230% subscription rate. This robust response signifies strong investor confidence in…
DHL Global Forwarding’s digital road freight platform Saloodo! has announced that it will be the first logistics company to introduce the UAE’s first electric Mercedes-Benz truck. The fully electric 40-ton eActros 300…
Ecobank, the pan-African financial services Group, officially opens call for applications to the 7th edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner with Ecobank,…
As the world recognizes World Environment Day on June 5th, The Coca-Cola Beverages Africa (CCBA) reaffirms its commitment to building a more sustainable future. Coca-Cola acknowledges the importance of environmental responsibility and…
Three years ago, MTN Uganda embarked on an ambitious project to restore 220 hectares of forest cover. This initiative, part of the larger “Uganda is Home” campaign, celebrated the symbiotic relationship between…
The Capital Market Authority (CMA) is pleased to announce the appointment of Mr. Thapelo Tsheole as the new Chief Executive Officer. With a distinguished career spanning over 24 years in the financial…
In a bid to encourage timely loan repayments and responsible financial behavior, NCBA Bank Uganda and MTN MoMo have partnered to launch the “Mo Cash with Mokash” campaign. The eight-week campaign, which…
KCB Group CEO Paul Russo has been named the African Business Leader of the Year by Africa Leadership Magazine. Russo’s selection followed rigorous and competitive competition on the African continent, with leadership…
Monday 27th May 2024. Kampala, Uganda: SBG Securities Uganda Limited (a wholly owned subsidiary of Stanbic Uganda Holdings Limited), in its capacity as the lead sponsoring broker, on behalf of MTN Uganda…
The International Finance Corporation (IFC) has projected that Africa will need to double its annual expenditure to $6 billion in order to expand its digital infrastructure and bridge the connectivity gap between…
Telecom firm MTN Uganda plans to sell shares left over from its deeply undersubscribed 2021 Initial Public Offering to local investors to expand local ownership and comply with regulatory requirements, it said…
Highlights: Johannesburg, South Africa – May 24, 2024 – Despite 64% of Africans expressing confidence in the continent, they remain loyal to non-African brands, which have retained their lowly 14% of the…
The Ugandan government is banking on its comprehensive Business Process Outsourcing (BPO) and Information Technology Outsourcing (ITO) strategy to create 100,000 direct jobs by 2030. This ambitious plan aims to tackle the…
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…
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…
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,…
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…
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…
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…
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…
IFC, a member of the World Bank Group, and Absa Group Limited, a South African-based bank, will provide an up to US$60 million commodity trade finance facility to Volcafe, a leading global…
NMB Bank PLC, Tanzania’s leading financial institution, has listed its maiden three-year US$ 73 million Sustainability Bond on the International Securities Market (ISM) and Sustainable Bond Market (SBM) Platform at the London…
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…
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…
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…
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 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…
A Trailblazer in Banking: Ms. Grace Muliisa In the dynamic world of finance, Ms. Grace Muliisa stands out as a transformative leader who has reshaped the banking landscape in Uganda. With a…
Controversy has arisen over the appointment of Eng James Kwesiga Nkamwesiga as Executive Director, of Uganda National Bureau of Standards (UNBS) announced last week. UNBS announced Nkamwesiga successful candidate from the selection…
Liberty Life Assurance Uganda has introduced the Kuza Plan, a revolutionary financial product merging savings with life and disability insurance. Positioned as a beacon of security and adaptability, officials said at the…
The Minister of Trade, Industry, and Cooperatives, Francis Mwebesa, has appointed Eng James Nkamwesiga Kasigwa as the fifth Executive Director of the Uganda National Bureau of Standards (UNBS). In a statement, UNBS…
Equity Group Holdings has announced a remarkable recovery, posting a 25% growth in profit after tax for the quarter ended March 31, 2024. The Group’s profit after tax stood at Kshs 16…
Nicholas Lutakome, the former CEO of Sanlam Uganda, has been named the New Chief Executive of CIC Insurance Uganda Limited. Mr. Lutakome was selected to succeed Mr Richard Ssevume who stepped down in…
AutoXpress Ltd has announced the grand opening of its third branch in Uganda, further expanding its presence in the country. With over 66 years of experience in the automotive industry, AutoXpress boasts…
Standard Chartered Bank Uganda has been named the best-performing Primary Dealer Bank in the Government Securities Market for the year 2022-2023, earning the honour for the second time since the inception of…
Coca-Cola Co. is advancing plans for a significant initial public offering of its African bottling arm as soon as 2025, with a valuation that could exceed US$8 billion. This major financial move…
Absa Bank Uganda, in partnership with World Vision Uganda, has commissioned facilities to improve water and sanitation for the girl-child in Abim district, Karamoja. This intervention aims to promote the continued inclusion…
The Uganda Tourism Board (UTB) and Emirates Airlines have signed a partnership agreement aimed at promoting Uganda’s diverse tourism offerings to a global audience. The collaboration, announced by UTB CEO Lilly Ajarova,…
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…
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…
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…
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…
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…
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…
Mumba Kenneth Khalifungwa is a distinguished leader serving as the Managing Director of Absa Uganda, bringing with him a wealth of experience and a visionary leadership style. His tenure has been marked…
A thriving creative economy fuels innovation, jobs, and economic growth across Africa. Recognizing this potential, the African Union and Google Africa have joined forces to launch the #DiscoverMyAfrica Shorts Challenge, a month-long…
East Africa Regional Director for the Ford Foundation Jessica Horn paid a courtesy call on the Judge President of the East African Court of Justice (EACJ), Justice Nestor Kayobera, at the EACJ…
Technology is the major catalyst for spurring insurance uptake and penetration in the foreseeable future according to Jubilee Life Insurance’s Diana Ndege Ssempasa. Ssempasa who was speaking at the 13th Annual Insurance Agents…
MTN Uganda has strengthened its grip on the mobile networks market, growing its new customer base by more than 500,000 in the past four months to hit 20 million. The telecom company’s…
The Agricultural Business Initiative (aBi) has launched two innovative programs worth Ushs66.8 billion to revolutionize Uganda’s agricultural sector and tackle the climate crisis. The Green Agrifood System Programme (GRASP) and Accelerating Adoption…
Kenya’s Gross Domestic Product (GDP) growth is projected to slow down to 5% in 2024 from 5.3% in 2023 before jumping to 5.3% in 2025. Apart from Kenya, Côte d’Ivoire and Benin,…
Africa’s massive debt load and the nature of many of its resource-backed loans are compromising its economic potential, the African Development Bank’s (AfDB) President Akinwumi Adesina said recently. “I think it’s time…
In a strategic move to improve financing for Quickteller agents, Asante Financial Services Limited and Interswitch have partnered to unveil a pioneering credit service called Agent Float Financing. The new service, which…
I&M Bank Uganda has partnered with the Nnaabagereka Fund for the inaugural Queen’s Ball, a prestigious dinner event aimed at supporting women, youth, and children in Uganda. The Queen’s Ball, scheduled to…
Johnson & Johnson had received scorn for executing the so-called Texas Two-Step bankruptcy strategy. The healthcare titan was facing thousands of claims about allegedly carcinogenic talcum powder. Taking advantage of a quirk…
Parliament has approved a supplementary expenditure budget worth Shs1.106 trillion for settling the offtake arrangement between government and DEI Pharmaceuticals, wage and pension and gratuity shortfalls. During plenary on Tuesday, 30 April…
Carrefour, operated by Majid Al Futtaim in Uganda, has announced a UGX 7 million sponsorship of the Kyambogo Ultra Challenge Run, scheduled for May 4th, starting at the Kyambogo University Cricket Oval.…
LR: The Speaker of the Parliament, Anita Annet Among, Mary Goretti Kitutu, the Minister for Karamoja Affairs between 2021 and 2024, Agnes Nandutu, the State Minister for Karamoja Affairs between 2021…
Absa Life Assurance Kenya (Absa Life), an Absa Group subsidiary, has reported an increase in gross profit to KSh 862 million in 2023. “Absa Life continues to maintain a healthy quality of…
Wallace Pescarini, the President of SLB Offshore Atlantic Basin // PHOTO COURTSEY Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda, has commended SLB (formerly known as Schlumberger) for its…
In the ever-evolving landscape of financial services, one term has been making significant waves – Bancassurance. This harmonious combination of banking and insurance not only simplifies a complex concept but also creates…
In a groundbreaking move, TotalEnergies, a global leader in energy production and innovation, is revolutionizing employee engagement and empowerment, extending its transformative initiatives to its workforce in Uganda. This strategic shift not…
The Central Bank of Kenya (CBK) Weekly Treasury Bills Auction underperformed for the first time in 8 months. Bids received by the fiscal agent at this week’s auction amounted to KSh 23.6 billion, a…
Paris, April 26, 2024 – Employee shareholder ownership is the best way to associate the employees with the Company’s transition strategy, and therefore it is at the heart of TotalEnergies’ value sharing policy.…
Salaam Bank Uganda, a provide of Shariah-compliant financial services, has won the Best New Islamic Bank award at the prestigious Islamic Finance News (IFN) Global Awards, 2024. The coveted global award recognises…
Rotary International President Representative Brenda Cressey and speaker Anita Among at the 2024 Cancer Run launch at Nsambya Hospital. Looking on right is Fabian Kasi the Managing Director of Centenary Bank (right…
Uganda Baati has launched its 60th anniversary campaign at a media event held in Kampala today. Founded in 1964, Uganda Baati has been at the forefront of the steel manufacturing industry, introducing…
The world’s electric car fleet continues to grow strongly, with 2024 sales set to reach 17 million. Despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3…
The African Development Bank Group (AfDB) has reached a negotiated settlement with China Henan International Cooperation Group over failure to disclose it used a commission agent for a road project in Uganda.…
Sylvia Mulinge, CEO MTN Uganda MTN Uganda reports a 16.1 percent growth in revenues to 2.63 trillion shillings for the year 2023. Most of the revenues, (1.12 trillion) still came from voice…
Photo Courtesy: Bamburi Cement PLC Bamburi Cement PLC has sold 1.3 million ordinary shares of its Ugandan unit to Sarrai Group Limited and Rwimi Holdings amidst shrinking demand in the cement market.…
Anne Juuko The Standard Bank Group has appointed Stanbic Bank Uganda Chief Executive Anne Juuko to a new leadership role as Global Markets Regional Head-East Africa. The appointment is effective 1 April…
Michael Mugabi, Managing Director/CEO of Housing Finance Bank highlighted what he described as the bank’s strategic focus on enabling micro, small, and medium enterprises (MSMEs), especially those owned by women. Uganda’s Housing…
NSSF Managing Director Patrick Ayota. The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Ugshs 20 trillion in Assets Under Management (AUM), one and a half years ahead of…
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…
As the global investment landscape continues to evolve, Africa stands at the forefront of emerging opportunities, poised for sustainable economic growth and development. Recently, the 7th Pensions Funds and Alternative Investments Conference…
Chimpanzees: Photo: Internet As the world gears up to celebrate World Wildlife Day today, Uganda stands at the forefront of efforts to connect people with the planet, particularly in the realm of…
Introduction: In a bold move that signals a new era for the iconic beverage brand, Pepsi recently unveiled its first major global redesign in 14 years. Rooted in its rich heritage yet…
COURTESY PHOTO: Grace Semakula, Newly appointed Chief Executive for SBG Securities Uganda Limited (SBGS) Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda…
Courtesy Photo: Chief Executive Officer, Mark Muyobo NCBA Bank unveiled its revamped Premier Banking offering, targeting premier banking customers, prospects, and high-value stakeholders. The key features of the enhanced offering include extended…
From Pinterest: Admassu Tadesse, TDB Group President and Managing Director Admassu Tadesse Admassu Tadesse stands at the forefront of Africa’s financial industry, wielding his expertise and leadership to drive growth and development…
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,…
Courtesy Photo: Varghese Thambi, Managing Director, Diamond Trust Bank and TerraPay’s Muyingo A new partnership between Diamond Trust Bank and payment services company, TerraPay, could cut by more than half the cost of…
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.…
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 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…
In the dynamic landscape of global finance, staying informed about the pulse of financial markets is imperative for businesses, especially local brands striving to make a mark across the continent, and as…
DR. Julia Clare Olima Oyet, the esteemed CEO of DPF, has expressed satisfaction with the unprecedented speed at which the settlement of EFC claimants is being handled. Remarkably, claimants are set to…
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.
In a bid to strengthen the bilateral relations between Uganda and Egypt, President Yoweri Kaguta Museveni on Tuesday held a meeting with key Egyptian investors at State House, Entebbe, during which they…
On June 3, 2022, Brand Africa, in collaboration with Publics Africa Communications, hosted a captivating live event at the prestigious Protea Hotel Kololo in Kampala, Uganda.
The telecom industry in East Africa is abuzz with news of an unprecedented CEO swap between Safaricom, Kenya’s leading telecommunications provider, and MTN Uganda, a subsidiary of the multinational MTN Group.
The popular annual Brand Africa 100 Awards are back, bigger and better this year and are scheduled to be held on July 6th, 2023 in Kampala.
As one of the strategies to further improve customer experience and deliver services to its customers conveniently, Equity bank has launched a high-tech contact centre. The new Contact Centre will allow the…
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…
The National Social Security Fund (NSSF) has announced a partnership with Ideawake, a global innovation software company, to expand access to the NSSF Hi-Innovator programme to more entrepreneurs across the country. In…
Uganda Breweries Limited hosted farmers to a forum to discuss the potential to scale up farming to supplement government efforts to see manufactures embrace full sourcing of raw materials they use in…
Uganda’s telecom companies have invested heavily in infrastructure services to boost internet access but the low users have limited their ability to lower internet costs for their customers including the Small and…
Today, Housing Finance Bank officially launched its Government Securities Portal with a campaign dubbed” Invest On The Go” at Mestil Hotel and Residences, Kampala. The online portal, which is housed on the…
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…
The Uganda Communications Commission (UCC) has issued a public notice ordering the immediate closure of 24 radio stations and 46 courier companies for operating illegally. Notable among the couriers banned include Jumia…
KCB Bank Kenya has injected over KShs. 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector. The Bank has been…
MTN Uganda’s bold decision to list its shares on the Uganda Securities Exchange last year has propelled it to the league of Africa’s most valuable companies. The latest premier annual survey by…
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,…
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…
Local startups need to focus on niche markets that they can tap into to excel for better survival and longevity of their businesses, according to Mackinon Kabarole, Senior Manager, Business Intelligence at…
The benefits of separation of Mobile Money from the telecommunication business are beginning to be noticed as MTN Mobile Money customers are scheduled to receive UGX 5.7 billion interest pay-out for the…
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…
MTN Uganda and the Kingdom of Tooro have enjoyed a cordial relationship over the years. This is envisaged through the various initiatives jointly undertaken by the kingdom and MTN. This partnership is…
Absa Bank Kenya CEO Jeremy Awori is set to resign in October after a ten-year stint that saw the lender rebrand from Barclays bank to Absa. According to the lender’s board, Awori…
Stakeholders in the banking sector say financial literacy and skills development should be prioritized in efforts to support Small and Medium Enterprises (SMEs) recover from covid-19 frustration, Speaking during the Signing of…
Prudential Uganda and Prudence Foundation launched the SAFE STEPS road safety campaign, a public service program aimed at raising awareness about road safety, by providing clear and simple life-saving messages on road…
Priscilla Akora is the new Head of Marketing and Communications at PostBank Uganda Limited. In her new role, she will be responsible for driving integrated marketing communications, as well as a reputational…
African Development Bank Vice President Dr. Beth Dunford speaks at a pre-AGRF Summit event centered on the Bank's new African Emergency Food Production FacilityThe African Development Bank returns as a top-tier partner…
Uganda Clays net profit has dropped by more than half to Shs2.7bn for the first six months ending June.30 but management insists there are no worries at least for now. “We project…
DTB recorded a 30% growth to Shs20.3bilion driven by an increase in interest income, fees and commission, and foreign exchange business as Dfcu bank saw profit after tax double to Shs18.7billion. On…
On 30th August 2019, the URA Board of Directors approved the Lifestyle Audit Policy to combat corruption and illegal acquisition of property. Lifestyle Audit is the process of analyzing a person’s living…
The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Spanning a single network that includes Uganda, Tanzania, Kenya…
Absa Bank Uganda has partnered with the Uganda Institute of Information and Communication Technology (UICT) to provide ICT skills training to youth in vocational institutions around the country. The training is accredited…
Cipla Quality Chemical Industries Limited, has announced that it will pay dividends in 4 years since it was listed on the Uganda Stock exchange. In the results for the financial year ending…
FINCA Uganda and the National Forestry Authority (NFA) have partnered to restore 60 hectares of forest land in the country in the next five years. This corporate social responsibility program to commemorate…
British American Tobacco Uganda has recorded a 14% increase in net profit to Shs3.9bn for the half year period ended June 30. Results released on Aug. 5 shows that the company’s gross…
The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022. Dr. Mubiru, a Ugandan national,…
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…
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…
Telecommunication companies have reported that their operations over the last six months have been affected by what they call a difficult macroeconomic environment, characterized by the skyrocketing cost of living and foreign…
Tuesday 9th August 2022 – Kampala, Uganda: MTN Uganda customers can now use their MTN Senkyu loyalty points to get insurance from aYo, in the form of life or hospital cover. aYo…
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…
Uganda’s Top Finance Bank (TFB) has officially been acquired by a Djibouti based bank. The takeover of TFB by Salaam African Bank was confirmed Monday morning by the Bank of Uganda which…
Corporate communication and Public Affairs is a very important business tool that is vital for the success of any business, company, organization, or association. At a time like this of rapid, economic…
Top Ugandan lawyer, Edgar Tabaro, has been appointed as a Special Envoy of the President of Sudan’s oldest political party. Tabaro will serve as the Mahdi’s special envoy in the East African…
Sunbird AI, a non-profit organization that develops artificial intelligence systems for social impact in Africa has signed a Memorandum of Understanding (MoU) with Centenary Technology Services geared towards developing the Artificial Intelligence…
Uganda has scrapped taxes on airlines using the Entebbe International Airport, a move that will make it cheaper for transiting passengers to travel through the facility. The move, which may not augur…
MTN once again got crowned as Uganda’s most admired African brand in Uganda by Brand Africa 100 | Africa’s Best Brands rankings, based on a survey carried out across 29 countries that…
The Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24…
Ugandans took to social media to criticize the appointment of Sylvia Mulinge, a Kenyan Corporate Executive, with some arguing that after listing on the stock exchange and unveiling the slogan “Uganda is…
Grace B. Muliisa, is a Ugandan Banker and Corporate executive, who was appointed the Managing Director of Ecobank Uganda Limited in August last year. She was the Head Personal and Business Banking…
The World Bank has put the per capita income of Uganda at 850 dollars for the financial year end 2022, with the economy growing at an estimated 3.7 percent. According to the…
Sylvia Mulinge becomes MTN Uganda CEO, joining from Safaricom, where she served as Chief Consumer Business Officer for the Group. A seasoned executive, she brings with her a passion for transforming customers’…
The government, oil and gas companies continue to counter opposition to the development of the sector in Uganda, which has recently targeted religious institutions. The crusaders accuse the government of allowing activities…
Following approval of declaration of dividends by its shareholders at the Annual General Meeting held on the 27th day of May 2022, MTN Uganda has paid out a total dividend of Ugx105.4…
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…
Mr Waiswa Bageya, the Works Ministry permanent secretary, said the search for the new Uganda Airlines CEO would be redone after bid documents were sent to four firms, before settling on PricewaterhouseCoopers…
Uganda’s Court of Appeal has blocked South African moneylender, Vantage Mezzanine Fund, from selling businessman Patrick Bitature’s prime properties in Kampala. In his ruling on June 27, Justice Christopher Gashirabake said “there…
According to his family, Mr Majwega had gone to the USA to attend his daughter’s graduation ceremony in Minnesota. “With deep sorrow Ms Halima Majwega of Framingham,Ma and her family announce the…
Uganda Breweries Recognized at the President’s Export Award Ceremony Uganda Breweries has been recognized by President Museveni and the Uganda Export Promotion Board as a leading company in export promotion and import substitution. This…
Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses to overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief…
The students of Kasese Youth Polytechnic Vocational Training Institute (VTI) in Western Uganda are set to reap from the generous donation of a fully furnished Digital Resource center courtesy of the MTN…
Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019 following BOU approval. Stanbic Bank Uganda and Bank of Baroda…
With just UGX600, 000 or USD166 investment, Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to UGX 20 million—this, courtesy of Stanbic…
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…
Bank of Baroda (Uganda) Limited has informed its shareholders that it will pay the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval. Bank of…
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…
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…
Absa Bank Uganda has introduced land purchase loans in a bid to help more people realize their dream of land and home ownership. These loans will enable customers to access affordable financing…
It is not uncommon in our land for things to stop at promise and policy level without real on-ground implementation. This trend has given rise to a doubt-over-faith mentality. It is therefore…
Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial services company Frontclear and is…
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…
MTN Uganda has today donated computers and a WiFi router and a multi-purpose printer to the Nakawa Market vendors Association as it concludes its staff volunteerism campaign dubbed 21 Days of Y’ello…
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,…
The Uganda Tourism Board (UTB) has announced that come January 1, 2023, all tourism players in the country will require to be registered, and licensed by the Board. The UTB Chief Executive…
Mukwano Products lands grand Prix as the #1 most admired Ugandan brand. NBS, Centenary Bank, Movit, Nile Special, Riham Drinks, and Abryanz Collection lead respective categories for best Ugandan brands. QG Group’s…
THE FORBES AFRICA 30 UNDER 30 CLASS OF 2022 CARE ABOUT BEING VISIONARIES OF CHANGE AND CATALYSTS FOR INNOVATION. BEING ON THE MOST-ANTICIPATED LIST ON THE CONTINENT, FOR THESE YOUNG TRAILBLAZERS, IS…
Uganda Securities Exchange has spoken out on the allegations of a data breach from its servers; specifically allegations of the leakage of personal data from the USE Easy Portal. In a statement dated…
The High Court in Kampala has dismissed with costs an application by Kampala businessman Patrick Bitature for a temporary injunction to restrain his creditors of M/s Vantage Mezzanine Fund II Partnership from selling,…
The Public Relations practitioners in Uganda have been urged to create safe working spaces within the companies they work for so as to create strong mental health amongst staff. The call was…
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…
Letshego has appointed Aobakwe “Aupa” Monyatsi as Group Chief Executive. Prior to this appointment, Aupa held the same role in an interim capacity from 4 May 2022, having led the inclusive finance…
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…
UAP Old Mutual has registered impressive growth and a record market leadership, according to the recently released Financial Statements for the year ended 31st December 2021. Regardless of the low insurance penetration…
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,…
Jumia Uganda has celebrated a decade of progress and serving Ugandans with the online platform launched in Uganda in 2012 when e-commerce in the country was virgin and today sells about six…
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 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…
Kendi Ntwiga has been appointed as the Global Head of Misrepresentation for Meta, the company that owns Facebook, Instagram, and WhatsApp. This follows her departure from Microsoft Kenya, where she served as…
MTN Uganda, Chief Executive Officer, Wim Vanhelleputte.MTN Uganda shareholders are due to get their first dividends since the company listed on the Uganda Securities Exchange, with the register for those eligible closing…
Kansai Paint Co., Ltd. has entered into an agreement to sell its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global paints and coatings company, said on June 2 in a statement.…
Sanjay Rughani, a banker with over 25 years of banking experience across the African continent, has been appointed the Chief Executive Officer of Standard Chartered Bank, Uganda He replaces Albert Saltson, who…
Leading beer makers Nile Breweries Limited (NBL) have Thursday pledged to maintain the current market prices for all their products, in the face of the surging inflation in the country. The company…
Stanbic Bank has made a contribution of UGX150m to Makerere University as the institution marks 100 years of service to humanity. The UGX 150m cash donation is expected to boost activities lined…
One of the joint venture partners in Uganda’s oil sector and the developer of Tilenga project, Total Energies, has revealed that the on-going escalating fuel prices have not yet affected their works…
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.…
East Africa Breweries Limited (EABL) has appointed Anne-Joy Michira as its Marketing and Innovations Director for Africa effective 1st May 2022, taking over from her predecessor Graham Villiers-Tuthill. Prior to this appointment,…
Uganda Development Bank Ltd (UDBL), in partnership with the European Union, has announced a special call for eligible businesses in the tourism sector to apply for and receive up to Shs1 billion…
The First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni is slated to inaugurate new buildings at Makerere University and lay foundation stones on the ongoing construction of two…
Kin Kariisa has ended his 10 years on the board of Ecobank Uganda, a subsidiary of Ecobank Transnational Incorporated (ETI), one of Africa’s largest financial brands, leaving behind a well-entrenched bank, with…
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…
The Coca-Cola system in Uganda yesterday unveiled a new iconic look of its leading sparkling lemon-lime flavored soft drink Sprite in a clear polyethylene terephthalate (PET) plastic bottle packaging. This shift from…
Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of…
South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in a joint venture. The total group equity value is expected to be more…
The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the…
UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and…
Effective June 6, Ugandans will not be able to send money or top-up airtime for individuals in other jurisdictions. However, WorldRemit maintains that Ugandans will still be able to receive money from…
Absa Bank Uganda has contributed 65 million shillings to Makerere University to mark 100 years of excellence in building a transformed society. On Tuesday, Absa Uganda Managing Director, Mumba Kalifungwa handed a…
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…
Marketing services firm WPP Scangroup has made preparations to write off up to Sh4.7 billion investments in its subsidiaries. The manouvre has seen the share premium account –representing the value of shares…
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…
Lois Aber Kwikiriza has been appointed the new Head of Marketing at MultiChoice Uganda. Kwikiriza takes on the mantle from Colin Asiimwe who has been at the helm of marketing at MultiChoice…
Tetteh Ayitevie, who has been the Chief Strategy Officer at Prudential Life Insurance Ghana (PLIG), will take over from Acumile Majija. Majija, who has been Prudential Uganda’s CEO designate has joined Prudential’s…
The Tax Appeals Tribunal (TAT) slapped a fine of UGX 20 Million on Nile Breweries Limited (NBL) and UGX 30 Million on Standard Chartered and Stanbic Bank for contempt in a ruling…
Harriet Nakkungu, a businesswoman based in Namataba town in Mukono district had for over 12 years, desired a smartphone to boost her business but she could hardly afford one due to the…
Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial…
Uganda Revenue Authority (URA) officials have told Members of Parliament that 4.3 trillion Shillings projected revenue is to be foregone due to different unfunded interventions in the coming financial year 2022/2023. Led…
Uganda is set to be part of the first-ever report that will cater exclusively to the PR and communications industry within the African continent. This follows a statement released on Wednesday April…
The rising costs of fuel and other essential items is expected to affect the growth of the domestic tour and travel industry, one of the reasons the sector has to find mitigating…
