For centuries, Africa’s natural wealth has followed a familiar pattern. Gold has left the continent through mining corridors. Oil has flowed from wells into global energy markets. Coffee, tea, minerals and agricultural commodities have travelled across oceans, creating wealth far…
Uganda Airlines‘ revenue grew at a compound annual rate of 62.4 percent over the past five years, according to the Ministry of Works and Transport, climbing from US$10.3 million in the 2019/20 financial year to US$116.2 million in 2024 The…
For decades, East Africa has occupied a curious position in the global energy economy. The region possesses significant petroleum resources, strategic ports and one of the world’s fastest-growing consumer markets, yet it continues to import most of the refined fuels…
“SMEs account for over 70% of Uganda’s private sector activity, yet many continue to face challenges including limited access to finance, cash flow constraints, and the need for digital transformation. Through our new Business Banking proposition, we are providing businesses…
Uganda has set itself one of Africa’s most ambitious economic targets: expanding its economy from approximately US$50 billion today to US$500 billion by 2040. If achieved, the transformation would fundamentally reshape the country’s economic standing, strengthen its influence within East…
Reaffirming that ”Uganda is home,” MTN Uganda has assured customers and the public of it’s unwavering long term commitment to the country following speculation that arose after a network shutdown caused by power failure at one of its data centres.…
Every weekday morning, long before the first school bell rings, thousands of students across Kampala begin a journey that is as much a part of their education as the lessons awaiting them in class. They leave home before sunrise carrying…
“Investment follows confidence, and confidence follows credible risk mitigation,” President Ruto said. Africa’s biggest investment challenge is no longer only about finding opportunities. The continent has abundant resources, a growing consumer market, a youthful workforce and significant potential in sectors…
“We have seen the commitment of our leaders, as they have signed the agreements… Now, the real work begins. We must also believe and champion a Pan-African vision.” Across Africa, governments have invested billions of dollars in highways, ports, railways,…
By Publicist East Africa Across Africa, a quiet but profound transformation is taking place. For decades, many of the continent’s stories were framed through external lenses, often emphasising crisis over opportunity and conflict over progress. Today, a new generation of…
This distinction matters because agriculture does not create prosperity simply by producing more food. It creates prosperity when production is efficiently connected to markets that generate confidence, attract investment and enable businesses to scale. For years, Uganda’s agricultural conversation has…
For years, discussions about Uganda’s digital economy have largely centred on internet penetration, mobile money adoption and expanding broadband infrastructure. Yet a quieter transformation has been unfolding beneath the surface, one that suggests the country’s digital future may be financed…
Across Uganda, a quiet shift is redefining the nature of work. Increasingly, people are earning livelihoods as freelancers, consultants, digital traders, content creators, software developers and independent service providers. Many operate without registered companies, formal payrolls or conventional business structures,…
Uganda has set itself one of the most ambitious economic targets anywhere on the African continent: expanding the economy from approximately US$50 billion today to US$500 billion by 2040. If realised, the target would fundamentally alter the country’s economic position…
By Publicist East Africa Investors rarely fear bad markets; they fear uncertain ones. That distinction explains far more about investment patterns across Africa than many policy debates acknowledge. Across much of the continent, the greatest constraint is rarely the absence…
By Publicist East Africa For decades, Uganda’s relationship with investing has largely been transactional. Companies have spoken through annual reports, financial statements and statutory annual general meetings, while investors have often been left to interpret the numbers with little opportunity…
By Publicist East Africa Behind every great brand is a leader who understands not only consumers, but culture, innovation, reputation and growth. That reality was celebrated at the inaugural Africa CMO100, where four executives leading some of Uganda’s most influential…
MTN Uganda Chairman and prominent businessman Dr Charles Mbire is set to headline the inaugural SBG Securities Investor Day on Friday, June 26, 2026, as part of an initiative to drive local participation in Uganda’s financial markets. The event will…
Uganda’s banks are posting record profits, but the productive economy is still struggling to access credit. The gap is not a shortage of money. It is a system that converts liquidity into safe returns faster than it converts enterprise into…
The end of Umeme Limited’s electricity distribution concession and the rise of Uganda Electricity Distribution Company Limited (UEDCL) has reignited a familiar debate: should critical public services be privately managed or state-run? It is the wrong debate. Uganda’s infrastructure challenge…
By Publicist East Africa There are executives who master one industry. Then there are those who move from sector to sector, leaving each one measurably stronger than they found it. Mark Ocitti Ongom belongs firmly in the latter category. Effective…
Across global climate finance circles, carbon has become a currency of urgency, traded, priced, verified, and bundled into corporate sustainability strategies worth billions. But in Africa, where vast forests, wetlands, and grasslands are now being measured as carbon sinks, a…
Uganda’s agricultural sector presents one of the country’s most enduring contradictions. It employs the majority of the population, contributes significantly to export earnings, occupies a central place in government policy and is frequently described as the backbone of the economy.…
The excitement surrounding Burkina Faso’s recent diaspora bond should not be viewed simply as a financial success story from West Africa. It should force countries such as Uganda to confront a much deeper question about development, agriculture, and the sources…
Reports of workforce reductions within the East African Crude Oil Pipeline (EACOP) project have understandably sparked concern among many Ugandans who viewed the country’s emerging petroleum industry as a long-term source of employment and economic opportunity. Yet the layoffs themselves…
Across Africa’s rapidly urbanizing economies, housing remains one of the most persistent development challenges. Cities are expanding at a pace that continues to outstrip infrastructure and housing delivery. In this environment, Shelter Afrique Development Bank’s 2025 financial performance presents a…
Uganda’s oil sector has entered its most consequential phase. After more than two decades of exploration, negotiation, and infrastructure development in the Albertine Graben, the country is no longer waiting for oil to be discovered or approved. It is waiting…
Every export-bound coffee bean grown in Uganda is set to carry a digital identity, traceable from the farm where it was harvested to the port where it is loaded onto a vessel. That is the ambition at the heart of…
At 45 years old, institutions are often expected to settle into maturity, to refine what they already are, not rethink what they could become. Yet Shelter Afrique Development Bank is doing the opposite. It is choosing reinvention. In Rabat, Morocco,…
WPP Scangroup‘s board survived a dramatic shareholder challenge at the company’s Annual General Meeting in Nairobi on Monday, but the outcome has done little to silence growing concerns about the future direction of East Africa’s largest listed marketing services group.…
In Owino Market in Kampala, a trader named Tendo does not visit a bank. He has never filled in a loan application form. He does not own land to offer as collateral. But last Tuesday, his phone buzzed with an…
Uganda’s junior golf development system is increasingly producing athletes competing on the international stage, following the conclusion of Season Six of the NCBA Junior Golf Series at Uganda Golf Club over the weekend. The season finale, held on June 7,…
By Publicist East Africa There are leaders who run organisations, then there are leaders whose work quietly shapes the direction of countries. Clare Akamanzi belongs firmly in the latter category. Today, she leads NBA Africa, one of the continent’s most…
On Monday morning in Nairobi, a group of minority shareholders will walk into the Annual General Meeting of WPP Scangroup knowing that the odds are stacked against them. The mathematics is simple. WPP plc controls a majority stake in the…
The language used by many companies is changing. Where sustainability initiatives were once framed primarily as community outreach programmes, they are now being integrated into long-term business strategy. NCBA Bank Uganda says its environmental efforts are anchored in its broader…
President Yoweri Museveni’s 2026 State of the Nation Address has placed Uganda’s next policy cycle firmly in motion, with the Government set to table 38 Bills, policy frameworks, reports and statutory instruments before Parliament in the 2026/27 financial year. While…
NCBA Bank Uganda has reaffirmed its commitment to strengthening Uganda’s financial markets, positioning the sector as a critical enabler of the country’s economic transformation ambitions. The bank’s Global Markets Division participated in the ACI Financial Markets Authority (FMA) Uganda Dealers’…
Leadership transitions often reveal more about a company’s future than its annual reports. That is why the appointment of Phrase Lubega as Managing Director of MTN Mobile Money Uganda, subject to regulatory approval, deserves closer attention than a routine executive…
For years, Uganda’s insurance sector was defined by one word: fragmentation. Dozens of insurers competed for relatively small market share in an industry where penetration remained among the lowest in Africa. Competition was abundant; scale was not. Many firms struggled…
In 2026, Uganda found itself celebrating two major export milestones, the country surpassed Ethiopia in monthly coffee export volumes, exporting 47,606 tonnes compared to Ethiopia’s 43,481 tonnes and reinforcing its growing position in global coffee markets. Around the same period,…
When Barclays exited Africa and became Absa, many dismissed it as a corporate restructuring exercise. When Citigroup began retreating from consumer banking operations across multiple markets, it was viewed as part of a broader global strategy. Now Standard Chartered has…
On a mining site in Buhweju, western Uganda, a small-scale miner sifts through soil with basic tools, hoping that the next pan will yield enough gold to cover rising food prices, school fees, and transport costs. The work is steady…
By Publicist East Africa Few regulators have done more to quietly reshape Uganda’s financial architecture than Alhaj Dr. Kaddunabbi Ibrahim Lubega. For more than fifteen years, he has led the transformation of Uganda’s insurance industry from a largely misunderstood and…
Uganda’s post-pandemic tourism story had been one of East Africa’s most compelling. In 2024, arrivals rose 7.7% to 1.37 million, earnings surged 26% to USD 1.28 billion, and the sector contributed 5.7% to GDP. By 2025, revenues had pushed toward…
As Africa’s economies navigate intensifying global uncertainty, accelerating digital disruption, climate-linked financial pressures, and shifting geopolitical trade dynamics, central banks across East Africa are quietly moving toward deeper coordination. While still informal and evolving, this trajectory signals the early formation…
Every year, hundreds of millions of dollars flow into religious tourism destinations across the world. From the Vatican and Jerusalem to Lalibela in Ethiopia and the Basilica of Our Lady of Peace in Côte d’Ivoire, faith has become not only…
The transition in leadership at the Uganda Bankers Association comes at a pivotal moment for Uganda’s financial sector, defined by accelerating digital disruption, tightening macroeconomic conditions, rising credit risks, expanding regional integration, and the rapid emergence of artificial intelligence as…
By Publicist East Africa As part of our expanding weekly Captains and Lionesses of Industry series, Publicist East Africa continues to spotlight visionary African leaders whose ideas, leadership, and institutional influence are shaping the future of industries across the continent.…
For years, Uganda’s agricultural conversation has largely revolved around one dominant narrative: farmers need more support, more financing, more inputs, more seedlings, more tractors and more training. While all these interventions matter, they may not fully address the real structural…
Uganda’s tourism sector is growing globally in visibility, recognition, and earnings. But behind the optimism lies a structural problem the industry can no longer ignore, infrastructure is not keeping pace with tourism ambition. In 2024, the country welcomed 1,371,895 international…
For years, one word has defined Uganda’s oil sector: delay. Delayed production timelines. Delayed refinery negotiations. Delayed investment decisions. And still, no first oil. To critics, Uganda appeared trapped, negotiating endlessly while other nations pumped, exported, and collected revenues. The…
Uganda may have quietly crossed an important economic milestone, one that could carry significant implications for the country’s export economy, industrialisation agenda, and agricultural transformation ambitions. In what many observers are describing as a major breakthrough for Uganda’s agro-processing sector,…
This Week’s Captain of Industry: Publicist East Africa At a time when Uganda is aggressively positioning tourism as a pillar of socio-economic transformation, one name continues to stand tall at the intersection of enterprise, conservation, destination branding, and sports tourism…
For years, Ugandan manufacturers have battled an uncomfortable question in international trade circles; Can locally manufactured products truly compete at global standards? That question is now being answered not through promises or policy speeches but through certification, compliance, exports, and…
Rwanda’s recent decision to formally regulate cryptocurrencies and virtual assets mayprove to be one of the most significant digital finance policy shifts East Africa hasseen in years. For a region long defined by caution, warnings, and regulatory uncertainty aroundcrypto-assets, Kigali’s…
For years, Centenary Bank stood almost alone as Uganda’s defining indigenous banking success story. It proved that a Ugandan-rooted financial institution could scale nationally, compete with multinational players, penetrate rural communities, mobilize grassroots savings, and earn the trust of millions.…
For years, Uganda’s banking industry has largely been defined by foreign-owned institutions, legacy perceptions, and an urban-centred approach to growth. Yet quietly, and perhaps more strategically than many realise, a different kind of story is beginning to emerge. The transition…
In Uganda’s increasingly restless political and economic environment, words alone are no longer enough. Citizens have heard promises before. They have listened to speeches about corruption, service delivery, accountability, patriotism, and transformation for decades. What many increasingly appear to be…
Every morning, Uganda exports wealth it never fully keeps. In the hills of Ntungamo, a coffee farmer harvests beans that will eventually sell in European supermarkets for nearly twenty times what she earns. Uganda grows the coffee. Europe roasts it.…
Uganda’s aviation sector is entering one of its most strategically sensitive periods in recent years balancing global geopolitical disruptions, rising diplomatic significance, increasing passenger movements, and mounting pressure on Entebbe International Airport as the country’s primary international gateway. While…
Africa’s marketing, brand, and reputation economy is no longer emerging, it is asserting itself globally. The unveiling of the 2026 ACMO100, Africa’s 100 Most Influential CMOs marks more than just another industry recognition list. It signals the rise of a…
Uganda is preparing to become an oil-producing nation, yet it still depends almost entirely on imported fuel to keep its economy moving. Every taxi ride, factory shipment, and cross-border truck movement relies on petroleum products entering through regional supply routes…
For years, Uganda’s banking sector has carried a familiar contradiction: strong profits, expanding balance sheets, rapid digital adoption, and rising deposits, alongside a quieter and more persistent limitation in its economic footprint. Banks have scaled. Financial systems have deepened. Transactions…
Uganda’s electricity transition has moved from policy to pressure. It offers a clear lesson. In large-scale public sector shifts, communication is not support. It is strategy. The move from Umeme Limited to Uganda Electricity Distribution Company Limited was always going…
Uganda has taken back control of its electricity distribution system and the test has begun. Following the exit of Umeme Limited, Uganda Electricity Distribution Company Limited now assumes full responsibility for power distribution. This places the state utility at the center of one…
Uganda has passed its largest budget ever; UGX 84 trillion. It’s bold. It’s ambitious. And it signals one thing: government is betting big on growth. But here’s the real question; can our system deliver? At face value, this budget is…
Stanbic Uganda Holdings Limited has reported a strong financial performance for the year ended December 31, 2025, posting net profit of UGX 591 billion, representing a 23.6% increase from the previous year, and declaring UGX 360 billion in dividends to…
As Artificial Intelligence (AI) matures from a digital novelty into a foundational pillar of the global economy, the National Social Security Fund (NSSF) has launched a high-level dialogue on the future of work. The 16th edition of the NSSF Career…
The National Social Security Fund (NSSF) has officially launched a high-stakes amnesty window, giving thousands of defaulting employers exactly 60 days to settle outstanding contributions or face aggressive litigation. Announcing the move at Workers House in Kampala today, NSSF Deputy…
As global enterprises increasingly pivot toward Africa as the next great hub for customer operations, a new technological bridge has been built between the Middle East and the African continent. Squaretalk, the Jerusalem-based AI-powered communication powerhouse, has officially announced a…
In a decisive move to bolster national security and maintain international aviation standards, the Uganda Civil Aviation Authority (UCAA), in partnership with the Directorate of Citizenship and Immigration Control (DCIC), concluded an intensive sensitisation program to neutralise the threat of…
Part 2: What Emerging Development Finance Models Reveal If industrialisation is Uganda’s declared ambition, then the structure of its capital will determine whether that ambition materialises at scale. Development finance is no longer simply about lending; it is about instrument…
The appointment of Joshua Oigara as the new Chief Executive Officer of Stanbic Holdings Plc, effective March 1, 2026, is more than a standard executive transition. It is a strategic ‘double-down’ by the Standard Bank Group on the East African…
The battle lines for the future of African finance are being redrawn. In a move that has sent ripples through the continent’s financial corridors, Absa Group has appointed Sitoyo Lopokoiyit, the former Managing Director of M-Pesa Africa, to head its…
Part 1: The Institutions Shaping Uganda’s Industrial Future Uganda’s industrial ambition is no longer rhetorical. As the nation transitions into the National Development Plan IV (NDPIV) cycle, the vision of a transformed society is crystallising. Agro-processing zones are expanding, oil-linked…
The landscape of Uganda’s fintech sector is set for a significant shift as Richard Yego, the Managing Director of MTN Mobile Money (U) Limited, prepares to step down on February 28, 2026. After a transformative four-year tenure that began in…
In a significant move for South Africa’s higher education landscape, Sol Plaatje University (SPU) has announced the appointment of Thebe Ikalafeng as its new Chancellor, effective January 16, 2026. The five-year appointment, confirmed by the University Council, marks a historic…
The appointment of Girma Wake, the legendary former CEO of Ethiopian Airlines, as the interim head of Uganda Airlines in early 2026 is being hailed by many Ugandans as a ‘rescue mission’ for the national carrier. However, the 82-year-old aviation…
In the competitive and fast-paced economy of East Africa, reputation is the most valuable currency. In Uganda, a select group of visionary leaders, the ‘PR Gurus’, are the master architects behind this currency. From managing the images of multi-billion shilling…
East Africa is industrialising. Governments across Uganda, Kenya, Tanzania and Rwanda are accelerating agro-processing, expanding manufacturing zones, investing in power generation and pushing value addition. But beneath the policy speeches and factory announcements lies a deeper question: What materials will…
Uganda Airlines’ recent operational disruptions have reignited public debate about fleet decisions, leadership choices, and the commercial sustainability of the national carrier. Much of the commentary has understandably focused on management within the airline itself, with the Chief Executive Officer…
FINCA Uganda has officially launched a Shs100 million relief initiative to support traders in downtown Kampala whose businesses were devastated by the severe flash floods of October and November 2025. The initiative, announced during a press conference at the Fairway…
The successful conclusion of Ekisaakaate Kya Nnabagereka Gatonnya 2026 on January 10th marks a defining moment in the long-standing alliance between cultural heritage and corporate innovation. Under the visionary leadership of Her Royal Highness the Nnabagereka Sylvia Nagginda, and with…
In the traditional corporate hierarchy, the Chief Executive Officer (CEO) is often the face of the brand, but the Chief Operating Officer (COO) is the engine. As Uganda moves into 2026, a transformative shift has occurred: the most critical ‘engines’…
In a significant turn of events for Uganda’s telecommunications sector, the long-standing impasse between the government and Elon Musk’s satellite internet service, Starlink, appears to be nearing a resolution. This development marks a dramatic shift from late 2025, when we…
Stewarding an Institution’s Memory: TDB Group at 40 In development finance, institutions are judged not only by the capital they deploy, but by the clarity with which they document reform, governance, and impact over time. Few moments reveal this more…
In Uganda’s rapidly evolving 2026 economy, brand equity has become the new currency for growth. Leading this shift is a visionary group of women who are transforming marketing from a traditional cost center into a strategic engine of nation-building. From…
MTN Mobile Money (MoMo) Uganda, under the leadership of Mr. Richard Yego as Managing Director, has officially launched the 2026 edition of its ‘Win School Fees for a Year and More’ campaign. Now in its third consecutive year, the initiative…
Uganda has firmly positioned itself as one of Africa’s fastest-rising gold exporters, with gold export earnings reaching an unprecedented US$5.8 billion (approximately Shs21.1 trillion) in the year ending November 2025, according to the Bank of Uganda. This remarkable growth underscores…
When Uganda elevated some municipalities to city status in July 2020, it signalled an aspiration to rebalance growth, decongest Kampala, and unlock regional economic potential. But years later, one reality is clear: declaring a city does not automatically create one.…
Across the African continent, a new era of Economic Sovereignty is being led by an elite cadre of banking executives. As Africa shifts toward the African Continental Free Trade Area (AfCFTA) and navigates complex digital transformations, these CEOs are reimagining…
By Publicist East Africa For years, Uganda’s creators have been visible, loud, influential, and culturally dominant, yet economically fragile. They shaped conversations, trends, and even elections. But when it came to structure, financing, and policy, the ecosystem lagged behind the…
By Joseph Kanyamunyu Ugandans are being encouraged to save more than ever before. But beneath the headlines and product launches lies a deeper, more uncomfortable question: Are we merely saving money, or are we finally learning how money should work…
On January 1, 2026, Nile Breweries Limited (NBL) officially inaugurated a new era. Mr. Nkanyiso Mncwabe, a commercially hardened veteran from the South African Breweries (SAB) system, took the helm as Managing Director. He arrives at a pivotal moment, whereby…
In a landmark briefing to the Fourth Estate held today at the Uganda Media Centre, the Executive Director of the Uganda Communications Commission (UCC), Hon. George William Nyombi Thembo, moved to clear the air on the two most volatile topics…
As Uganda’s economy matures and its digital landscape expands, a new generation of female legal minds is at the forefront of this transformation. From the corridors of the High Court to the high-stakes world of cryptocurrency and oil and gas,…
When Uganda’s digital creators, regulators, financiers, and ecosystem leaders gathered on December 11, 2025, at Speke Resort Munyonyo, the intention was not spectacle. It was substance. The Ongea Africa Digital Creators Summit did not set out to merely announce policy;…
As the calendar turned to January 1, 2026, Nile Breweries Limited (NBL) officially entered a new strategic chapter with the appointment of Mr. Nkanyiso Mncwabe as Managing Director. Taking over the mantle from Mr. Adu Rando, Mncwabe takes the helm…
In a resounding endorsement of Kenya’s evolving capital markets, East African Breweries PLC (EABL) has successfully raised KSh 16.7 billion through an oversubscribed corporate bond. The issue, which targeted KSh 11 billion, attracted a massive KSh 17.1 billion in bids,…
The dream of ‘First Oil’ for the East African region has moved from the horizon to the immediate foreground. In a high-level bilateral meeting held Monday morning at the Ministry of Energy in Dar es Salaam, officials confirmed that the…
In a strategic move to professionalise Uganda’s primary economic engine, the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has officially launched three pivotal statutory instruments designed to anchor the sector’s growth through the end of the decade. Presided over…
When the Kayoola E-Coach 13M rolled into the Metroplex Naalya parking lot this week, it wasn’t just completing a journey; it was fulfilling a prophecy of Ugandan self-reliance! At the heart of this homecoming was Gen. Edward Katumba Wamala, the…
The Trade and Development Bank Group (TDB Group) marked its 40th anniversary earlier this month with a high-level commemorative cocktail reception at the Kampala Serena Hotel in Uganda, celebrating four decades of advancing trade, regional integration, and sustainable development across…
In a major move to formalise Uganda’s economy and accelerate digital inclusion, MTN Mobile Money (U) Limited and the Uganda Revenue Authority (URA) have unveiled enhanced digital tax services on the *165# platform. This partnership, officially launched on December 22,…
In the world of high-stakes development finance, few names carry as much weight as Admassu Tadesse. As the Group President and Managing Director of the Trade and Development Bank Group (TDB Group), Tadesse has been recognised in the prestigious 100…
In a development that has sent ripples of frustration through the East African travel community, dozens of passengers remain stranded at Dubai International Airport (DXB) following the failure of Uganda Airlines to execute its scheduled flight to Entebbe. The national…
In a transformative leap for the nation’s energy sector, the Uganda National Oil Company (UNOC), under the leadership of Ms. Proscovia Nabbanja as CEO, has officially executed financing agreements with Vitol Bahrain E.C. following a landmark Parliamentary approval. The agreement,…
In a decisive move to curb the exploitation of sugarcane out-growers and maintain regional stability, the Government of Uganda has intervened to establish a minimum sugarcane price of Shs125,000 per ton for farmers in Busoga sub-region. The intervention follows a…
In a move that blends urban renewal with digital transformation, MTN Mobile Money (U) Limited (MTN MoMo) this week formally handed over the newly refreshed and modernised Lira Main Market to the city’s leadership. The project, commissioned on Friday, 19th…
Addressing a high-level gathering of Uganda’s most influential business leaders at Speke Resort Munyonyo on Thursday, H.E. President Yoweri Kaguta Museveni reaffirmed that the private sector remains the primary driver of the nation’s journey toward a US$500 billion economy. The…
In a powerful display of corporate social responsibility and community solidarity, Centenary Bank and MTN Uganda have today presented a collective cheque of Shs435 million to the Buganda Kingdom. The donation is earmarked for the completion of the long-awaited Accident…
In Uganda, digital platforms have quietly transitioned from being a convenience to a necessity. What began as a tool for quick meals has evolved into a comprehensive digital ecosystem, reflecting the country’s energetic and innovative spirit. At the heart of…
In a world where digital content has become a new form of currency, the Executive Director of the Uganda Communications Commission (UCC), Hon. Nyombi Thembo, has called for a radical shift toward ethics and responsibility in the era of Artificial…
Uganda has officially reclaimed its throne as Africa’s leading coffee exporter, marking a historic year of growth that has sent ripples through the global commodity markets. Latest reports from the Uganda Investment Authority (UIA) indicate that for the year ending…
In the heart of Kasanje, a quiet revolution in the Ugandan housing market has begun. On December 16, 2025, Stanbic Bank Uganda and Quesi Properties officially launched La Valle Estate, a partnership designed to dismantle the high walls that have…
On December 17, 2025, Uganda took a quiet yet transformative step in its financial evolution with the launch of the Okusevinga Money Market Unit Trust Scheme Pilot. While the announcement was subtle, its implications are monumental. Conceptualised over several years…
Britam Asset Managers Company (Uganda) Limited has officially announced the appointment of Ms. Peace Gakwaya as its new Chief Executive Officer, effective December 8, 2025. The move is seen by industry analysts as a strategic manoeuvre to accelerate Britam’s growth…
In a high-level stakeholder engagement held this week at the Imperial Royale Hotel, the Uganda Civil Aviation Authority (UCAA) revealed a critical financial bottleneck that threatens to stall the nation’s soaring aviation ambitions. The UCAA Director General, Mr. Fred K.…
As the Petroleum Authority of Uganda (PAU) begins the search for a new Executive Director to succeed Mr. Ernest Rubondo, whose tenure is ending in August 2026, the nation reflects on a decade of unprecedented regulatory and economic growth. Rubondo,…
In a high-level engagement that signals a new era of cooperation between traditional leadership and national industry, Buganda Kingdom has today hosted a delegation from the Uganda National Oil Company (UNOC) and the Ministry of Energy and Mineral Development (MEMD).…
Mengo League held their nerve when it mattered most, edging KOSA League 7–6 on penalties to win the MTN Inter-Alumni Futsal League final on Saturday, December 13, and clinch a fully paid trip to Morocco to support the Uganda Cranes…
In a transformative move for the African beverage industry, global spirits leader Diageo has reached a definitive agreement to sell its 65.0% controlling stake in East African Breweries PLC (EABL) to the Japanese multinational Asahi Group Holdings. The transaction, valued…
In a landmark move for the African telecommunications sector, Airtel Africa has announced a strategic agreement with SpaceX to integrate Starlink Direct-to-Cell satellite connectivity across its 14 markets, including Uganda. This partnership is set to redefine internet accessibility in the…
MTN Uganda anticipates closing the financial year with good results in line with market guidance, driven by increased data consumption, sustained growth in mobile money services, and ongoing investment in network expansion, according to Chief Financial Officer Andrew Bugembe. Mr.…
The Uganda Civil Aviation Authority (UCAA), during a high-level stakeholder engagement held today at the Imperial Royale Hotel in Kampala, declared a landmark year of growth and unveiled aggressive plans to transform the nation into a regional aviation powerhouse. Led…
The national carrier, Uganda Airlines, under the stewardship of Ms. Jennifer Bamuturaki as Chief Executive, is facing a growing crisis, characterised by rampant flight disruptions and a parallel stream of financial mismanagement scandals that are eroding both passenger confidence and…
Uganda’s national debt crisis is escalating as Parliament , led by the Speaker Hon. Anita Among, is abruptly recalled from recess to urgently process a fresh batch of loans totaling over Shs2.177 trillion. This significant new borrowing request comes at…
The leadership team from MTN Mobile Money Uganda (MTN MoMo), headed by the CEO Richard Yego, conducted a high-level courtesy visit with the Governor of the Bank of Uganda (BoU), Dr. Michael Atingi-Ego, on Friday. The strategic engagement focused on strengthening…
Glovo, the international technology platform, has successfully launched the first-ever Glovo Academy in Kampala, marking a significant commitment to strengthening the local food and retail ecosystem. The inaugural edition of the Academy is designed to equip local Small and Medium…
The Uganda National Oil Company Limited (UNOC) is marking a significant milestone, celebrating 10 years of strategic leadership in unlocking the value of Uganda’s petroleum resources. This decade of dedication, professionalism, and resilience has been instrumental in shaping the future…
From Online Personality to Economic Contributor Running on the theme ‘From Regulation to Prosperity,’ the summit, which was officiated by Hon. George William Nyombi Thembo, the Executive Director of UCC, was the evolution of the digital creator. Hon. Thembo stressed…
The path to achieving truly inclusive finance in Uganda extends far beyond basic mobile money transfers. That was the central message delivered by MTN MoMo leadership at the Finance Innovations Symposium held on Tuesday this week at the Sheraton Kampala,…
The Private Sector Foundation Uganda (PSFU) is spearheading a critical campaign to revitalise Uganda’s economic engine; the Micro, Small, and Medium Enterprises (MSMEs). According to Ms. Sarah Kagingo, Vice Chair of the PSFU Board, the time for comprehensive policy reform…
In a major drive to professionalise the emerging digital ecosystem and accelerate economic empowerment, Stanbic Bank Uganda has positioned itself as a key partner for youth employment and wealth creation through its inaugural Stanbic Ongea Digital Creators Summit 2025. Slated…
Equity Group, Kenya’s most profitable bank, has undertaken a dramatic and decisive cultural reset, firing approximately 2,000 employees over serious conflicts of interest and ethics violations. This massive ethics sweep, announced by the Group’s Managing Director, Dr. James Mwangi, was…
The Petroleum Authority of Uganda (PAU), under the guidance of the Executive Director, Mr. Ernest Rubondo, has today hosted a strategic engagement with the Board of Directors and Executive Management team of the Uganda National Oil Company (UNOC), at their…
A sharp confrontation has erupted between two of Uganda’s most powerful female political figures: Prime Minister Hon. Robinah Nabbanja and Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, over the immediate future and management of the Uganda Electricity Distribution…
The TransAfrican Electric Expedition received a high-profile welcome in the Kingdom of Eswatini over the weekend, transforming the event into a celebration of African engineering and technological partnership. Key leaders from MTN Eswatini and MTN Uganda joined Eswatini government officials…
Uganda is gearing up for a landmark moment on December 12th, 2025, as the Trade and Development Bank (TDB Group) hosts its 40th Anniversary Cocktail and unveils a Commemorative Coffee-Table Book at the Kampala Serena Hotel. This is no ordinary…
In a significant move aimed at streamlining regional commerce, Kenya and Uganda on Thursday signed a landmark Mutual Recognition Agreement (MRA) on Conformity Assessment on the sidelines of the 46th COMESA Council of Ministers Meeting in Lusaka. The agreement, signed…
A high-level Ugandan delegation, led by South African High Commissioner Paul Amoru, visited MTN South Africa on Friday, December 5, 2025, to establish strategic collaborations focused on leveraging technology and innovation for accelerated continental progress. The engagement, hosted by MTN…
Uganda is hosting a landmark visit from the World Intellectual Property Organisation (WIPO) Director General, Daren Tang, from December 3rd to 5th, 2025. This high-level mission underscores a major development: Intellectual Property (IP) is transitioning from a regulatory function to…
Uganda’s electricity generation sector showcased robust performance and ambitious plans for renewable energy expansion at the Uganda Electricity Generation Company Limited (UEGCL)’s 15th Annual General Meeting (AGM), held on Thursday, December 4th, 2025, in Kampala. The meeting, which was chaired…
As the 6th Annual National Content Conference concluded on Thursday, Ugandan enterprises were given a compelling directive: broaden their focus beyond domestic projects and actively pursue lucrative opportunities in the growing regional oil and gas ecosystem. The call was a central…
The recent groundbreaking ceremony for The Bridge Kololo, the second high-end project by VAAL Real Estate Uganda, is not merely a construction milestone; it represents a powerful force accelerating Uganda’s socio-economic transformation through foreign direct investment and job creation in…
In a major move signalling strengthened financial ties between Africa and China, MTN Group President and CEO Ralph Mupita on Wednesday hosted the leadership of the Standard Bank Group and the Industrial and Commercial Bank of China (ICBC) at MTN’s…
Safaricom Plc, East Africa’s largest telecommunications provider under the leadership of Dr. Peter Ndegwa as CEO, is undergoing a massive ownership restructuring following a multi-billion-dollar agreement that will see Vodafone Kenya Limited significantly increase its stake. The deal, valued at…
The Leader of the Opposition in Parliament, Rt. Hon. Joel Ssenyonyi has publicly criticised the government’s decision to allocate Shs5.4 billion toward purchasing a power stabiliser for Roofings Limited in Namanve Industrial Park. This condemnation came amidst the parliamentary approval…
Uganda’s oil and gas sector has entered its most critical phase: the historic transition from infrastructure development to commercial production. This shift was the central theme of the 6th Annual National Content Conference, held at Mestil Hotel, Kampala, under the…
The Uganda National Bureau of Standards (UNBS) is spearheading a major national quality overhaul to unlock Uganda’s ambitious goal of achieving 10-fold economic growth over the next 15 years. This transformation is being powered by the strategic launch of the…
The future of Africa’s financial landscape hinges on building capital markets that are not just technically sound but fundamentally serve the needs of ordinary citizens. This was the central message delivered by Ms. Josephine Okui Ossiya, Chief Executive of the…
As Uganda prepares for its historic transition from infrastructure development to the production phase of its oil and gas sector, the focus is shifting sharply from drilling to cultivating a lasting legacy of empowered nationals and enterprises. This was the…
The launch of the Stanbic Digital Creators Summit 2025, to be held on December 11th at Speke Resort Munyonyo, has been hailed as a pivotal moment for Uganda’s fragmented digital space, signalling a unified effort to treat the creator economy…
The banking sector in Uganda remains robust and highly resilient despite prevailing global economic volatility, according to Mr. Michael Atingi-Ego, Governor of the Bank of Uganda (BoU). Following an engagement this week with the Uganda Bankers’ Association (UBA), the Governor…
Uganda has positioned itself at the forefront of African air navigation modernisation by hosting the critical Civil Air Navigation Services Organisation (CANSO), the ICAO System-Wide Information Management (SWIM) and Flight and Flow Information for a Collaborative Environment (FF-ICE) Workshop. Hosted…
A new chapter in strengthening Uganda’s digital financial ecosystem was unveiled on Monday as MTN MoMo officially launched the MoMo Agent Loans Marketplace, a collaborative platform designed to tackle the persistent challenge of agent liquidity. The initiative, launched in partnership…
The upcoming Stanbic Ongea Digital Creators Summit 2025, slated for December 11th, at Speke Resort Munyonyo, is setting its sights on transforming Uganda’s vibrant, youth-driven content creation scene from a platform for expression and likes into a genuine economic powerhouse…
The Authority’s success over the past decade demonstrates a robust regulatory environment that is translating resource wealth into tangible benefits for Ugandans. Mr. Ernest Rubondo, Executive Director of the PAU, while appearing on NBS TV’s The Spotlight programme last night,…
Uganda’s commitment to youth-led climate action took center stage as MTN Uganda, in partnership with the Worldwide Fund for Nature (WWF) Uganda, announced the national winners of the PachiPandaUG25 Innovation Challenge on Friday. The program successfully accelerated youth-led solutions focused…
Uganda has marked a major milestone in its commitment to global environmental protection and climate action with the official presentation of the Final Draft Report of the Feasibility Study for the Sustainable Aviation Fuel (SAF) Programme. The high-level workshop, hosted…
The 3rd Annual National Microfinance and Savings Groups Conference 2025 concluded with a strong consensus on the need to accelerate digitisation to achieve deeper financial inclusion in Uganda. At the heart of the dialogue, Stanbic Bank Uganda CEO Kenneth Mumba…
Stanbic Bank Uganda, in a major strategic collaboration with the Uganda Communications Commission (UCC), Ongea Africa, and the Uganda Digital Society (UDS), has officially launched the Stanbic Ongea Digital Creators Summit 2025, slated for December 11th, at Speke Resort Munyonyo.…
The dialogue, held in Kampala, emphasised the urgency of transitioning customary land ownership into a legally recognised form of collateral to unlock affordable finance for smallholder farmers and Micro, Small, and Medium Enterprises (MSMEs). The consensus among stakeholders was clear:…
The 48th East African Consultative Meeting on the Facilitation of Air Transport (EACFAL) officially convened at Speke Resort Munyonyo, Kampala, today, bringing together high-level delegates from East African Community (EAC) member states and key continental aviation bodies. The meeting, which…
The Uganda Development Bank (UDB), the nation’s premier development finance institution, has launched its new regional office in Hoima City, marking a strategic expansion aimed at deepening financial inclusion, fueling economic growth, and channeling critical investment into the agricultural sector.…
The Ugandan government, under the visionary leadership of H.E. President Yoweri Kaguta Museveni, is actively pursuing transformative investment to accelerate job creation and solidify the nation’s position as a hub for responsible development. The latest focus of this drive is…
Standard Bank Group, Africa’s largest financial institution by assets, officially inaugurated its Representative Office in Egypt at a high-profile event held at the iconic Pyramids of Giza a few days ago. This strategic expansion is a pivotal move to significantly…
Key leaders who gathered at the inaugural Kampala Blockchain Summit, held on Tuesday, November 25, 2025, agreed that the future of Uganda’s economy lies in harnessing the potential of emerging technologies like blockchain to boost national productivity. The central challenge…
The milestone was commemorated with a bell-ringing ceremony today, celebrating the significant oversubscription of the note. According to Frank Mwiti, Chief Executive of the Kenya Securities Exchange (KSE), the first tranche was heavily oversubscribed by 154%, successfully raising KES 16.76…
The Uganda National Oil Company (UNOC) and China Oil Services Limited (COSL Uganda-SMC) have reaffirmed their strategic alliance, signing the First Addendum to their existing Memorandum of Understanding (MOU). This pivotal move extends the technical cooperation between the two entities…
Recognising that the battle against financial fraud is now fought in the digital space, Stanbic Bank Uganda, in collaboration with the Uganda Bankers Association (UBA), has launched a strategic initiative engaging online media personalities, digital editors, and social-media influencers in…
The official handover of the operating license to Pearl Bank Uganda Limited by the Governor of the Bank of Uganda (BoU), Dr. Michael Atingi-Ego, marks a significant milestone that dramatically repositions the institution for accelerated growth in market share. The…
In a major boost for intra-African connectivity, Uganda Airlines, under the leadership of Ms. Jenifer Bamuturaki as CEO, has finalised an interline agreement with Airlink, Southern Africa’s leading regional carrier. This strategic partnership, announced in a statement on Monday by…
In a decisive response to Uganda’s critical challenge of youth unemployment, estimated at a staggering 75%, Stanbic Bank Uganda is launching the inaugural Stanbic Ongea Digital Creators Summit 2025. Slated for December 11, 2025, at Speke Resort Munyonyo, the summit…
MTN Uganda has been publicly recognised as the country’s Top Taxpayer for the last three consecutive years, underscoring its pivotal role in funding Uganda’s ambitious national development agenda. The prestigious recognition was awarded by the Uganda Revenue Authority (URA) at…
Uganda mounted a highly successful campaign at the Warsaw International Tourism and Travel Fair (TT Warsaw) over the weekend, cementing its position as a premier destination for adventure and high-quality speciality coffee in the Central and Eastern European market. The…
The Uganda Cancer Institute (UCI) has issued an urgent public health warning, confirming that Prostate Cancer has become the most commonly diagnosed cancer among men in Uganda and remains a leading cause of cancer-related deaths. This escalating crisis demands immediate…
The Bank of Uganda (BoU) has moved to dispel persistent confusion regarding the oversight of Savings and Credit Co-operative Organisations (SACCOs), firmly stating that it retains full supervisory authority over large SACCOs as mandated by law. According to Mr. David…
A new chapter for Uganda’s industrial and pharmaceutical landscape began in Busoga this week as H.E. President Yoweri Museveni commissioned the US$50 million (Shs182 billion) DEI BioPharma Starch Processing Factory in Busambu–Namasagali. This facility is the first phase of a…
Standard Bank, Africa’s largest bank by assets, has become the first financial institution on the continent authorised to conduct transactions through China’s Cross-Border Interbank Payment System (CIPS). This landmark integration, inaugurated this week at the South African Reserve Bank (SARB),…
Uganda has launched a major economic diplomacy push in the Middle East, showcasing the “Naturally Uganda, Naturally Organic” brand at the prestigious Organic and Natural Expo in Dubai. This initiative, driven by the Uganda Mission in the United Arab Emirates…
Stanbic Bank Uganda has been recognised for its deep commitment to sustainable business practices, winning the prestigious ESG Excellence Award at the Uganda Bankers Awards Gala. The accolade, presented by the Uganda Institute of Banking and Financial Services, the Uganda…
Uganda has taken center stage in shaping Africa’s mineral future by hosting the 17th Annual General Meeting (AGM) of the Organisation of African Geological Surveys (OAGS). At the strategic three-day gathering held at the Imperial Golf View Hotel, in Kampala,…
The GROW Project Uganda achieved a landmark victory for gender equality and economic transformation with the launch of the Women Entrepreneurs Finance (We-Fi) Code at a function held in Kampala on Wednesday, 19, 2025. This pioneering initiative, supported by the…
There is a popular saying in governance circles that “Executive Directors bury the bodies, and Non-Executive Directors must find them.” The statement is tongue-in-cheek, but it captures one of the most delicate realities of Board life: the tension between those…
Stanbic Bank, Uganda’s largest commercial bank, this week launched a major 18-month-long brand campaign titled “Keep Growing.” This initiative represents a significant commitment to national development, aligning the bank’s operational strategy with its critical Women, Youth, and Farmers (WYF) Agenda.…
Uganda’s ambitious goal of achieving 10-fold economic growth over the next decade, anchored in industrialisation and digital transformation, faces a severe roadblock: a massive disconnect between existing mobile infrastructure and actual usage. The recently launched GSMA Uganda Digital Economy Report,…
Uganda Airlines, the nation’s flag carrier, under the leadership of Jenifer Bamuturaki as Chief Executive, is facing a severe crisis of confidence following a recent baggage debacle and escalating revelations of profound systemic operational failures and governance gaps. Critics, among…
In a decisive move signalling a commitment to continental integration, Rwanda has officially implemented visa-free entry for all African citizens. Announced by President Paul Kagame, this landmark policy dismantles long-standing travel barriers and is being hailed as a transformational catalyst…
Uganda successfully concluded a highly productive series of bilateral air services negotiations at the 17th International Civil Aviation Organisation (ICAO) Air Services Negotiation (ICAN2025) event. The outcomes, including agreements with nations across Africa, Europe, the Middle East, and the Americas,…
Africa’s journey in battling devastating diseases like HIV/AIDS and malaria has been a story of resilience and hard-won progress. Yet, this progress is constantly threatened by a systemic issue that hampers access to life-saving medicines and stifles local industry: regulatory…
MTN MoMo secured a resounding victory at the Digital Impact Awards Africa (DIAA2025) held in Kampala on Friday evening, bringing home four prestigious accolades, including Digital Brand of the Year and Financial Services Digital Excellence. The most personalised recognition, however,…
The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) is actively focused on optimising its institutional capacity to enhance service delivery and reinforce its sector workforce. This commitment was highlighted on Friday by a high-level visit from the Minister of…
Africa’s financial landscape is being radically reshaped by mobile money, with platforms like MTN MoMo, under the stewardship of Richard Yego as Chief Executive, driving the vision of a truly connected, borderless continent. This message of transformation was powerfully delivered…
PostBank Uganda Ltd, under the leadership of Mr. Julius Kakeeto as Managing Director, is celebrating a major institutional and strategic evolution, culminating in its reinvention as Pearl Bank. This transformation journey, spanning nearly a century of history, was today highlighted…
Uganda recently held the 14th Annual Mineral Wealth Conference (AMWC2025) in Kampala under the inspiring theme, “Sustainable Mineral Development through Collaboration, Innovation and Green Transitions”, during which key players in the mineral sector committed to a sustainable industrialised future. The…
Rwanda and the United Kingdom (UK) formalised their commitment to enhanced air travel and economic cooperation by signing a Bilateral Air Services Agreement (BASA). The agreement was concluded during the opening of the ICAO Air Services Negotiation (ICAN2025) event this…
A momentous convergence of industry, agriculture, and cutting-edge innovation is set to redefine Uganda’s economic landscape and significantly bolster its role in African pharmaceutical security. On November 20, 2025, H.E. President Yoweri Museveni will commission the DEI BioPharma Ltd Namasagali…
The future of Uganda’s microfinance and savings sector took center stage at the 3rd Annual National Microfinance and Savings Groups Conference, held at Hotel Africana, in Kampala this week. Held under the theme “Sustainable Financial Inclusion for Environmental, Economic and…
Uganda has achieved a significant milestone in expanding its global aviation footprint by successfully concluding a Bilateral Air Services Agreement (BASA) with the Republic of Argentina. This strategic new partnership, alongside the signing of a reviewed BASA with Qatar, marks…
The National Social Security Fund (NSSF) Uganda has today announced a partnership with Interswitch Group, one of Africa’s leading digital payment and e-commerce companies, to extend social security services to more Ugandans through Quickteller, an agent network owned and managed…
The All-Africa Pension Summit 2025 was the center-stage for a compelling address by Ahunna Eziakonwa, the UN Assistant Secretary-General and Director of the UNDP Regional Bureau for Africa, who urged African leaders to transform the continent’s US$700Bn to US$1 trillion…
Mobile Money (MoMo by MTN) is reaffirming its role as a key driver of financial inclusion in Uganda, leveraging cutting-edge digital innovations to connect the unbanked and empower entrepreneurs. The company’s commitment was highlighted at the 3rd Annual National Microfinance…
Yvonne Manzi Makolo, the Chief Executive of RwandAir, is spearheading a strategic, high-impact drive to transform Rwanda’s national carrier and the country’s aviation sector into a formidable African hub. Her vision is built on bold fleet growth, expanded global routes,…
Stanbic Bank Uganda is solidifying its position as a key partner in Uganda’s economic transformation, anchoring its strategy on the deliberate empowerment of Women, Youth, and Farmers (WYF). This commitment was highlighted at the 3rd Annual National Microfinance and Savings…
Stanbic Bank Uganda has officially launched the Stanbic Green Tech Accelerator Program, a landmark two-year initiative in partnership with the Ambassade de France en Ouganda. This program is designed to be a significant catalyst for Uganda’s transition to an inclusive…
The Uganda Civil Aviation Authority (UCAA) has reiterated its commitment to fuel Uganda’s socio-economic transformation by ensuring the growth of trade and tourism as key economic drivers. This was revealed on Friday, November 7, 2025, by Hon. Justice Steven Kavuma,…
The All Africa Pension Summit (AAPS) 2025 provided a crucial forum for African financial leaders to strategise on harnessing the continent’s vast capital reserves. In a high-impact keynote address on Day Two of the Summit, Mr. Admassu Tadesse, President and…
Rwanda is leveraging the global stage of the 8th China International Import Expo (CIIE) in Shanghai to significantly strengthen its trade, investment, and diplomatic ties with China and the wider Asian market. The nation’s participation in the Expo running from…
The All Africa Pension Summit, hosted by Uganda, witnessed a powerful and passionate call to action from Hon. Betty Amongi Ongom, the Minister of Gender, Labour, and Social Development, who urged pension fund managers across the continent to fundamentally shift…
FINCA Uganda Limited (MDI) has once again secured the coveted Financial Reporting Award (MDI Category) for 2025, an achievement that extends far beyond the realm of accounting. This consistent display of excellence in financial reporting and corporate governance is not…
The three-day All Africa Pension Summit (AAPS) 2025, which kicked off today at the Speke Resort Munyonyo Conference Center, served as a crucial platform to address Africa’s soaring infrastructure needs and the staggering USD $1.3 trillion annual financing gap, according…
Stanbic Bank Uganda is strategically executing its commitment to drive Uganda’s growth not only through finance and commerce but also by addressing fundamental social well-being, particularly in areas crucial for community and national progress. This commitment is vividly illustrated by…
The regulatory landscape for Savings and Credit Cooperative Organisations (SACCOs) in Uganda is undergoing a significant transformation. The Bank of Uganda (BoU) has initiated a decisive move to issue licenses to large SACCOs under the Microfinance Deposit Taking Institutions (Registered…
The participation of the Governor of the Bank of Uganda (BoU), Mr. Michael Atingi-Ego, at the prestigious 49th Annual Central Banking Seminar, hosted by the Federal Reserve Bank of New York (NY Fed) this week, is a significant validation of…
MTN Rwandacell Plc (MTN Rwanda), under the able leadership of Chief Executive Mr. Monzer Ali, has announced a significant recovery and strong commercial momentum in its unaudited financial results for the quarter ended 31 March 2025. Despite aggressive competitive pressures,…
Stanbic Bank Uganda’s unwavering commitment to financial inclusion and inclusive growth has earned high praise from local leaders in the Karamoja sub-region. The commendation came today during the official opening of the Bank’s newly relocated and expanded Moroto Branch, an…
The Government of Uganda, through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF), Pearl Bank and other partners, has launched a decisive, systemic initiative to safeguard its massive livestock industry and protect the millions of households relying on it…
Uganda is taking decisive steps to secure its role in Africa’s growing digital future, recognising mobile connectivity not merely as a convenience, but as essential economic infrastructure. The launch of the Uganda Digital Economy Report on Monday this week in…
A high-powered delegation from the East African Civil Aviation Academy (EACAA) has initiated a strategic partnership with the Zambia Air Services Training Institute (ZASTI), marking a significant step toward regional harmonisation and capacity building in the air transport sector. The…
In the architecture of corporate governance, trust is the invisible thread that connects every key relationship: between the Board and Management, Management and staff, the Board and shareholders, and the organisation and its regulators or partners. Once that thread weakens,…
Uganda’s long-anticipated journey to oil production this week received a major vote of confidence from the country’s top government officials. Ms. Lucy Nakyobe, the Head of Public Service and Secretary to Cabinet, led a high-powered, two-day supervision tour of the…
The appointment of Ugandan investment banker Anne Aliker as the Head, Africa Regions, Corporate and Investment Banking (CIB) at Standard Bank Group, Africa’s largest bank by assets, is a monumental milestone that transcends individual achievement. It is a powerful affirmation…
The Ministry of Works and Transport, in conjunction with the Uganda Civil Aviation Authority (UCAA), convened the National Air Transport Facilitation Committee (NATFC) meeting on October 29, 2025, at Entebbe International Airport (EIA). The high-level gathering underscored Uganda’s commitment to…
A high-level, strategic meeting between the Uganda Tourism Board (UTB) and Uganda Airlines held early this week marks a pivotal moment for the country’s tourism sector. By formally aligning their efforts, the two national entities are forging a high-impact partnership…
Airtel Africa plc announced its results for the half-year ended September 30, 2025, highlighting consistently strong performance that reflects sustained customer demand and the continued effective execution of its customer-centric strategy. The success of Airtel’s strategy, which centres on superior customer experience…
In a powerful display of market demand and digital innovation, Airtel Money Uganda has redefined agent liquidity with the launch of Airtel Easy Float. In partnership with FINCA Uganda Limited (MDI) and Kuunda, the groundbreaking service allows mobile money agents to instantly access float loans, ensuring continuous service and preventing the crippling halts in transactions […]
In a significant step toward regional integration and economic prosperity, a delegation of senators from the Kenyan National Agriculture Committee visited Uganda’s Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) in Entebbe on Tuesday this week. The high-level visit was…
The latest traffic figures from Entebbe International Airport (EIA) for September 2025 paint a vivid picture of a Ugandan economy demonstrating resilience and dynamic growth, particularly in its vital trade and tourism sectors. While passenger numbers saw a slight seasonal…
The Uganda National Oil Company (UNOC) has achieved a major milestone in its operational journey by officially joining the International Association of Oil and Gas Producers (IOGP). This strategic membership, announced by the UNOC, is a powerful signal of Uganda’s commitment to adopting the highest global standards in the development of its budding oil and […]
During the global spotlight of the MWC25 (Mobile World Congress), MTN Uganda CEO Sylvia Mulinge delivered a powerful keynote at the “Fintech and Commerce Summit: Strategic Collaborations Enabling Winning Strategies.” Her reflections went beyond corporate strategy, grounding the narrative of…
Uganda successfully hosted the Second Uganda-Qatar Business Forum in Doha on Monday this week, marking a significant step in its strategy to leverage economic and commercial diplomacy for national growth. Held under the theme, “Uganda and Qatar in Partnership for…
Rwanda is cementing its reputation as an economic success story, and a new study has reaffirmed the powerful role of tourism as the country’s primary economic driver. A recent two-day validation workshop on the UN Economic Commission for Africa (UNECA) Study…
The future of Uganda’s digital economy, powered by mobile financial services and driven by artificial intelligence, hinges on a single factor: collective cybersecurity. This was the definitive takeaway from the EastCon Cybersecurity Symposium held at the Nakawa ICT Innovation Hub…
A new chapter of empowerment and aggressive market expansion is being written in Uganda’s financial sector. David A. Wandera, a local son with Pan-African expertise, has made history as the first Ugandan to be appointed Managing Director and CEO of…
In a world obsessed with fast growth and louder voices, Dr. Diane Karusisi is proving that quiet power can shake markets, shape nations, and redefine what leadership looks like; especially in Africa’s boardrooms. She’s not just Rwanda’s most formidable banker.…
The African financial and trade communities convened over the weekend in Cairo, Egypt, to bid farewell to a leader whose tenure fundamentally reshaped the continent’s economic landscape: Professor Benedict Oramah, the outgoing President and Chairman of the Board of Directors…
A defining moment for African health and scientific independence was announced at the 4th International Conference on Public Health in Africa (CPHIA 2025), as Dei BioPharma Founder Dr. Matthias Magoola revealed that the company has secured new patent rights for…
A significant diplomatic and financial fallout is unfolding between Uganda and Germany following the abrupt recall of crucial funding agreements with the German Development Cooperation (GIZ). Two pivotal government agencies, the National Planning Authority (NPA) and the Office of the…
The rapid growth of Uganda’s digital economy, largely fueled by mobile money services, faces a critical threat: financial fraud. Recognising that the entire foundation of financial inclusion rests on consumer trust, MTN MoMo, under the leadership of Mr. Richard Yego…
Uganda is reaffirming its commitment to leveraging cutting-edge digital innovation to drive its national development agenda. This was the central message delivered by the State Minister for National Guidance, Hon. Godfrey Kabbyanga, who attended the influential Mobile World Congress (MWC)…
Stanbic Bank Uganda and PostBank Uganda Limited (soon to be Pearl Bank Uganda) have announced a strategic partnership to link their respective mobile wallet platforms, FlexiPay and Wendi Wallet, a significant move that signals a new direction for Uganda’s financial services…
In a groundbreaking partnership that redefines financial inclusion, Pride Bank Limited Uganda and Jubilee Health Insurance Company of Uganda have launched PrideCare, a savings account with embedded health insurance cover. This strategic collaboration, announced on Wednesday this week by the…
When an organisation operates smoothly, when decisions are timely and well-informed, and when trust flows naturally between leaders and stakeholders, few stop to think about why. Yet beneath that calm lies a web of discipline; the systems of accountability, ethics,…
Spiro, the leading two-wheel electric mobility in Africa, has cemented its position at the forefront of the continent’s clean energy transition by announcing a landmark $100 million (about Shs348.7 Bn) investment round from Afreximbank. This funding, the largest ever for…
A dark shadow of disease control is being cast over livestock farmers in Western Uganda ahead of this year’s festive season following an outbreak of anthrax in the region. The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has activated…
The announcement that Coca-Cola HBC (CCH) is acquiring a controlling 75% stake in Coca-Cola Beverages Africa (CCBA) for $2.6 billion (about Shs9.4 trillion) is more than just a massive transaction; it’s a definitive move that fundamentally re-engineers the competitive landscape…
Uganda’s financial sector is taking a decisive stand against the escalating threat of economic crime, recognising that the battle must be fought on two separate fronts: the enduring challenges of traditional fraud and the rapidly evolving complexities of the digital…
The African Continental Free Trade Area (AfCFTA) is rapidly shifting from a policy ambition to a reality, with an increase in national-level activities underscoring Africa’s commitment to economic integration. Recent developments in Ethiopia, Sierra Leone, and Angola, actively supported by the…
The East African Capital Markets Conference (EACMC 2025), held in Kampala this week, concluded with a powerful consensus: the future of the region’s finance lies in the strategic embrace of Digital Transformation and Sustainable Finance. The gathering of regulators, policymakers,…
The Ministry of Energy and Mineral Development (MEMD) has taken a decisive leap toward realising Uganda’s ambitious clean energy goals with the official launch of the Clean Cooking Unit (CCU). Unveiled during the high-profile Renewable Energy Conference 2025 (REC25) and…
NIC Holdings Limited, a listed company on the Uganda Securities Exchange (USE) under the leadership of Elias Edu as Managing Director, has delivered a sharp warning to its investors, announcing an expected consolidated net loss for the half-year period ended…
The Ministry of Energy and Mineral Development (MEMD) on Monday announced the conclusion of its Sustainable Energy Development Programme Performance Review, a pivotal platform used to finalise plans for the National Budget for Fiscal Year 2026 The review, spearheaded by…
Uganda is set to transform its climate challenges into massive investment opportunities, an agenda driven by the recent introduction of the nation’s green taxonomy. This was the central theme of the opening panel at the Green Finance Dialogue Forum 2025,…
Rwanda reaffirmed its position as a leading African investment destination during the recent Rwanda Country Summit at the AFSIC: Investing in Africa 2025 conference in London, UK. Co-hosted by the Rwanda Development Board (RDB) and the Kigali International Financial Center…
In a strategic move to solidify its position as one of Africa’s most captivating travel destinations, Uganda successfully hosted the Uganda Tourism Roadshow in Lusaka, Zambia, from October 17–19. Held under the evocative theme “Experience the Pearl of Africa,” the…
The East Africa Capital Markets Conference (EACMC 2025), hosted a few days ago in Kampala by the Capital Markets Authority (CMA) Uganda in partnership with the Uganda Securities Exchange (USE), signalled a definitive shift for the region’s financial landscape. Under…
In a powerful validation of its commitment to ethical leadership, strategic foresight, and a culture of excellence, Pride Bank celebrated a major triumph at the Uganda CFO Awards 2025 on Thursday this week, at a function held at the Kampala…
Uganda has embarked on a decisive path toward a fully digital economy with the launch of the Ministry of ICT and National Guidance’s Five-Year Strategic Plan (FY 2025/26 – FY 2029/30). Unveiled at the National ICT Innovation Hub in Kampala,…
The Uganda Development Bank (UDB), the nation’s Development Finance Institution (DFI), is intensifying its efforts to secure essential resources for the country’s socio-economic transformation. This was highlighted this week by a high-level engagement with the OPEC Fund for International Development (OFID), which…
In a powerful demonstration of corporate responsibility intersecting with strategic growth, Glovo, a leading on-demand multi-category delivery platform, and community-based organisation Haba Na Haba have announced a compelling milestone: the successful rescue and distribution of 2,712,061 meals to food-insecure communities…
As Uganda edges closer to large-scale commercial oil production, the conversation is shifting from resource extraction to responsible development. At the heart of this transition is the Uganda National Oil Company Limited (UNOC), which is aggressively positioning itself as a…
Uganda has achieved significant international recognition at the prestigious World Food Forum’s (WFF) flagship event in Rome, Italy, where the country was honoured as an outstanding global leader in the implementation of the South-South Cooperation Project. The award, announced during…
Mobile Money has transformed Uganda’s financial landscape, but with convenience comes complexity. As mobile money platforms become central to the economy, the battle against fraud intensifies. This challenge is front and center during this Cybersecurity Awareness Month, and to achieve…
The Uganda Cancer Institute (UCI) has sounded a clear and urgent alarm this Breast Cancer Awareness Month: “Early Detection Saves Lives.” As the leading cancer among women in Uganda, the disease presents a formidable public health challenge, yet one that…
The celebration of Emirates Airlines’ 25th Anniversary of operations in Uganda this week has cast a spotlight on the pivotal role of the Uganda Civil Aviation Authority (UCAA) in positioning Entebbe International Airport (EBB) as a secure, compliant, and continuously…
The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has dealt a significant blow to the operating model of Uganda Breweries Limited (UBL), a subsidiary of the global giant Diageo Plc, under Felicite Nson’s leadership as Managing Director. Diageo…
In a move that underscores its commitment to driving socio-economic transformation, Stanbic Bank Uganda today rolled out its strategic financial literacy campaign, starting with a high-impact session in Mbarara. The initiative, part of the bank’s “Love Month” activities under Customer…
A strategic collaboration between MoMo by MTN and the Uganda Securities Exchange (USE) is set to revolutionise how ordinary Ugandans access investment opportunities, moving the process from the brokerage office to the mobile phone. MoMo led by the Chief Executive Officer…
In a high-impact move to capture a significant share of the world’s largest outbound tourism market, the Uganda Embassy in Beijing, in partnership with the Consulate General in Guangzhou, utilised the nation’s 63rd Independence Anniversary to launch a comprehensive tourism…
The recent high-level meeting between the Uganda Development Bank (UDB) and the Kuwait Fund for Arab Economic Development (KFAED) marks a significant diplomatic and financial breakthrough for Uganda. Held on the sidelines of the World Bank and IMF Annual Meetings,…
Africa is set for a significant strategic intervention as the continent’s top strategy professionals, policymakers, and business leaders converge in Kampala, Uganda, for the inaugural International Association for Strategy Professionals (IASP) Africa Regional Conference 2025. Scheduled for October 30–31, 2025,…
The 20th NAFISAT Supervisory Board Meeting, hosted this week by the Uganda Civil Aviation Authority (UCAA) at Speke Resort Hotel Munyonyo in Kampala, underscores Uganda’s pivotal role in regional air navigation and connectivity. The partnership surrounding the North-Eastern Africa VSAT…
The Uganda National Oil Company (UNOC) has taken a decisive stride toward securing its energy future and cultivating homegrown technical leadership by signing a landmark Memorandum of Understanding (MOU) with the global energy technology leader, Baker Hughes. This strategic partnership…
The path to sustainable and resilient economic growth in East Africa lies not just in capital investment, but in the strength of collaboration between investors and government policymakers. This was the core message delivered by Kenneth Mutaonga, Co-founder of Asilia…
A historic moment in African aviation unfolded over the weekend as the Mission Aviation Fellowship (MAF) Cessna float plane successfully took off from Entebbe, instantly reigniting the sense of connectivity across the Lake Victoria islands. This event is more than…
African nations can unlock the full value of AfCFTA and empower traders, especially small businesses, to participate in cross-border commerce with confidence As global trade dynamics shift and economic gravity increasingly tilts toward the Global South, Africa stands at a…
Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries Zambia has voiced strong backing for African Development Bank Group President Dr…
A devastating drowning incident at the Busowoko Falls in Jinja city over the weekend has not only claimed the life of a respected public official and expert in the gas and oil sector, but also delivered a profound blow to…
For too long, corporate governance discourse has portrayed the Company Secretary as the power behind the throne; a shadowy yet influential figure whispering counsel from behind closed doors. While poetic, that phrase no longer fits the modern governance architecture. It…
Uganda’s poultry sector is emerging as a powerful engine for national development, moving beyond subsistence farming to become a cornerstone of agricultural transformation, job creation, and food security. This was the central message delivered by the Minister of Agriculture, Animal…
The second day of the 7th FITSPA Annual Fintech Conference, held in Kampala this week, zeroed in on the critical confluence of investments, innovations, and collaboration that is rapidly fueling Africa’s financial technology growth story. A major presence at the…
Uganda’s creative sector is set for a major acceleration, moving from being just a source of entertainment to a significant driver of national development ambitions, jobs, and exports. This commitment was powerfully demonstrated by the launch of the Next Creata…
The annual NSSF Kampala Hills Run, a major corporate social responsibility (CSR) initiative aimed at transforming learning conditions in public primary schools, has been rescheduled. The National Social Security Fund (NSSF) Managing Director, Mr. Patrick Ayota, announced this week that…
Uganda has secured a major victory on the international standardisation stage, after Eng. James Kasigwa, the Executive Director of the Uganda National Bureau of Standards (UNBS), was elected as a Council member of the International Organisation for Standardisation (ISO) for the 2026-2028…
Zambian ministers credit African Development Fund for fertilizer self- sufficiency boost, increased capacity for 250,000 new skilled workers Concessional financing from the African Development Fund (ADF) has been transformative for Zambia’s agriculture and education sectors, while “anchoring peace, prosperity, and…
In a move set to transform the landscape for marketing and creative enterprises across Africa, The Alliance of Independent Agencies (the Alliance) has formed a pivotal strategic partnership with the Pan-African Agency Network (PAAN). This collaboration establishes a robust global…
Simplifying professional digital ads creation for small businesses by eliminating technical barriers GoDaddy, a global leader in empowering entrepreneurs, announced the expansion of its new Digital Ads feature with GoDaddy Airo® to nine new English-language markets including Ireland, Malaysia, New Zealand,…
The 7th FITSPA Annual Fintech Conference, held at the Sheraton Kampala Hotel on Tuesday, under the theme “Fintech for Sustainable Growth: Innovations, Investments & Inclusion,” served as a powerful convergence of Africa’s top financial technology leaders, regulators, and innovators. The…
The U.S. major was recognized for its commitment to advancing STEM education in Africa, creating opportunities for students across key African markets ExxonMobil took home the ESG Leader of the Year award at the African Energy Week: Invest in African Energies 2025…
The 3rd Stanbic East Africa Business Summit that kicked off in Kampala today has become the platform for a powerful declaration: East Africa is entering an “unstoppable” era of growth, powered by deliberate regional integration and massive capital mobilisation. Held…
FINCA Uganda has secured a major strategic advantage with the appointment of Mr. Alfred Brian Agaba as a new Director. This move is not just an addition to the board; it represents a deliberate step to inject high-level, international expertise…
During the past week, 60 of the country’s smartest young minds, in partnership with the University of Johannesburg, have been supercharging the Add Hope recipe to make it even more impactful KFC Africa’s big secret is out, and no, it’s…
President Yoweri Kaguta Museveni has initiated a significant change in Uganda’s leadership for fighting corruption by appointing Justice Aisha Naluzze Batala as the new Inspector General of Government (IGG), replacing Beti Kamya. The appointment, which maintains the continuity of the…
Local content should go beyond compliance and be embedded in companies’ core business activities As Africa’s mining leaders converge in Cape Town for African Mining Week 2025, a powerful message is resonating with particular urgency in Kampala: local content policies…
Africa’s financial landscape is to undergo a significant transformation as the continent’s major pension funds prepare to converge in Kampala, Uganda, for the inaugural “$700 Billion in 1 Room” All Africa Pensions Summit. This pivotal meeting, announced today during a…
The Government of Uganda is moving decisively to address challenges in its electricity distribution network, driven by a commitment to power the nation’s rapidly expanding industrial and domestic demand. In a media briefing held on October 7, 2025, at the…
If sleepless nights reveal what leaders worry about, then restful ones reveal something even more telling: the presence of governance that works. Boards are often described as the custodians of purpose, accountability, and strategic direction. Yet in practice, many Boards…
With construction set for late 2025, Uganda’s $4B refinery will fuel growth, enhance exports, and strengthen East Africa’s energy future Uganda’s oil refinery is scheduled to begin operations in the fourth quarter of 2029 or the first quarter of 2030,…
When an employee leaves a company, the process is often familiar: an exit interview, the return of a laptop, and well-wishes for the future. Leaders naturally focus on succession planning and filling the vacant role. But beneath this standard offboarding…
Uganda is making a decisive move to align its aviation sector with stringent global environmental and governance standards, positioning itself as a leader in sustainable African air transport. This dual commitment was highlighted at the national workshop on the Carbon…
Angola is taking definitive and comprehensive steps to position itself as a champion in the fight against plastic pollution and a leader in sustainable environmental management. This national commitment will culminate in the 4th Edition of Expo Recicla, hosted by…
MTN Uganda’s involvement in driving the completion of the Nkozi Hospital Accident and Trauma Centre is a strategic move that transcends traditional corporate social responsibility (CSR). By partnering with the Buganda Kingdom on the Labuka-Tofiira ku Kubo initiative, MTN is…
The Colorado XL-series comprises two easy-to-operate models: the Colorado XL7 roll-to-roll printer and Colorado XL7 hybrid printer Canon today announces the Colorado XL-series, a new platform of 3.4m printers that extends the proven advantages of Canon’s UVgel technology to the…
The Uganda Civil Aviation Authority (UCAA) has reaffirmed its strategic commitment to leveraging the air transport industry as a primary engine for regional integration, tourism, and national economic growth. This was the central message delivered by the UCAA Deputy Director…
The financing will provide urgent assistance to communities severely affected by floods and landslides in the Bulambuli, Kasese and Ntoroko districts, including the provision of family-size tents The Board of Directors of the African Development Bank Group has approved a…
Uganda’s digital future is being actively built on the foundations of local innovation, widespread access, and cross-sector collaboration. This was the central theme of the 9th National Conference on Communications (NCC2025), which brought together policymakers, industry leaders, and innovators to…
A critical meeting between the African Export-Import Bank (Afreximbank) and Angola’s state oil company, Sonangol E.P., during the Africa Energy Week in Cape Town, South Africa, has reaffirmed a robust strategic partnership aimed at accelerating Angola’s energy transformation and strengthening…
Rwanda is aggressively sharpening its focus on attracting high-impact foreign direct investment (FDI), centering its strategy on global partnerships and a robust reform agenda. This drive was underscored this week by a high-level engagement between the Rwanda Development Board (RDB),…
Uganda has achieved a significant diplomatic and technical victory, securing one of the eight seats designated for African states on the influential International Civil Aviation Organisation (ICAO) Council for the 2025–2028 term. This election, which took place at the 42nd…
Let’s be honest, the conversation around cryptocurrency in Uganda has often felt like watching a high-stakes thriller. We see the glittering promise, a future of instant cross-border payments, financial inclusion for the unbanked, and a ticket to the global digital…
Uganda has issued a compelling call to global investors, confidently positioning itself as Africa’s next preferred destination for oil and gas investment. This confidence is anchored in a definitive timeline for the construction of a major national asset: the Uganda…
In a significant move to bridge Uganda’s massive insurance gap, Stanbic Bank, through its Bancassurance arm, has officially partnered with Liberty General Insurance and SafeCar by SafeBoda to launch Protecta Bode. This new solution is specifically designed to make essential vehicle protection affordable and accessible to drivers, particularly young entrepreneurs, who are currently priced out […]
Maize is more than just a crop in Uganda; it is the cornerstone of food security, rural livelihoods, and a key driver of the national economy. The nation’s progress in safeguarding this essential staple against climatic and biological threats is…
The Parliament of Uganda has rejected the Energy Efficiency and Conservation Bill, 2024, arguing that the proposed legislation fundamentally fails to address the country’s actual energy crises. This follows a highly charged plenary sitting on September 17, 2025, during which legislators asserted that the Bill, although well-intentioned, focuses on superficial measures such as appliance labelling […]
In a landmark announcement, a new and highly effective HIV prevention drug, Lenacapavir, is set to be made available at a drastically reduced cost in over 100 low- and middle-income countries within the next two years. This breakthrough development offers…
The Government of Uganda has vowed to investigate a recent BBC documentary exposing a human trafficking ring allegedly targeting young Ugandan women in Dubai. Speaking at the Uganda Media Centre on September 30, 2025, Hon. Esther Anyakun Davinia, Minister of…
The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF), led by the Minister of State for Animal Industry, Hon. Bright Rwamirama, and Permanent Secretary Maj. Gen. (Rtd) David Kasura-Kyomukama is actively participating in the FAO Global Conference on Sustainable Livestock…
The newly launched Stanbic Green Tech Accelerator is set to be a transformative force, placing the economic empowerment of Women, Youth, and Farmers (WYF) at the heart of Uganda’s sustainable development agenda. This two-year initiative, a strategic partnership between Stanbic…
Direct Pay Uganda (DPO Pay Uganda), a prominent force in the online payments sector, has officially completed its rebrand to Network International. This significant change, which received regulatory approval from the Bank of Uganda, aligns the Ugandan operation with its…
Dei BioPharma has unveiled its next bold phase, announcing the commencement of Active Pharmaceutical Ingredient (API) manufacturing at its state-of-the-art facility in Matugga, on the outskirts of Kampala city. This massive undertaking, unveiled over the weekend by Dr. Mathias Magoola,…
The Government of Uganda has launched an aggressive, multi-agency media campaign to combat the pervasive problem of drug theft, which is costing the nation billions of shillings and, more critically, human lives. Led by the National Medical Stores (NMS), the…
The role of Small and Medium Enterprises (SMEs), particularly those in the agribusiness sector, is indispensable to Uganda’s economic growth. Recognising this, aBi Finance renewed its commitment to strengthening the financial ecosystem for these enterprises at the 10th Annual National…
In her first major public address since being appointed Managing Director of Uganda Breweries Limited (UBL), Felicite Nson unveiled her strategic vision for the company at the PeopleBrand House C-Suite Leadership Dialogue. Speaking on the critical theme of “Leadership Succession…
President Yoweri Kaguta Museveni officially commissioned the Kiira Vehicle Plant in Jinja on Friday, September 26, 2025, marking a monumental day for Uganda in terms of industrialisation. The event cemented the nation’s position as a regional leader in mobility innovation…
MTN MoMo, under the leadership of Richard Yego as Chief Executive Officer, made a historic announcement on Thursday, September 25, 2025, by officially launching its “Power to Be Borderless” campaign during a function that was held at Hamz Stadium in…
The Petroleum Authority of Uganda (PAU) conducted a large-scale emergency response drill on Thursday, September 25, 2025, at the Kabalega Industrial Park in Hoima District, critically assessing the country’s preparedness for potential disasters in the emerging oil and gas sector.…
Under the theme of sustainable development, the conference gathered key stakeholders, emphasising that the future of Uganda’s mineral sector hinges on value addition, national content, and learning from global best practices. The Oil and Gas Precedent as a Model for…
In a significant diplomatic and economic move, Rwanda and the Kingdom of Morocco have signed a Bilateral Air Services Agreement (BASA) that is set to boost trade between the two countries over time. The agreement was formalised on the sidelines…
Uganda’s livestock sub-sector has taken a significant step toward modernisation and commercialisation with the official reception of the Jianzhou big-ear goats from China, which were unveiled by Hon. Bright Rwamirama, the State Minister for Animal Industry, at the National Animal…
In a significant move to deepen economic cooperation, Finland’s Minister for Foreign Trade and Development, Ville Tavio, has announced that Finnish companies are ready to partner with African nations in key strategic sectors. The announcement, made on Wednesday, September 24,…
In a significant move to deepen financial cooperation, the Bank of Uganda hosted a high-level business delegation from the State of Qatar on Wednesday, September 24, 2025, in Kampala, Uganda. The meeting, led by Governor Michael Atingi-Ego and the Qatari…
Felicite Nson has today taken over from Andrew Itambo Kilonzo as the new Managing Director for Uganda Breweries Limited (UBL), a subsidiary of Diageo East African Breweries, becoming the first woman to ever be appointed to the highest position of…
The Africa Energy Indaba is the continent’s foremost all-encompassing energy gathering, showcasing flagship forums including the T&D Africa Conference, IPP & PPA Conference, Africa Gas Forum, EV Forum, and Nuclear Forum Africa is embarking on a transformative energy journey, teeming…
Uganda and Somalia share a long-standing partnership underpinned by political, security, and economic cooperation The Government of the Republic of Uganda will host the Second Session of the Uganda-Somalia Joint Permanent Commission (JPC) alongside an Investment and Business Summit from…
The African Union (AU) is making a concerted push to accelerate the implementation of the Single African Air Transport Market (SAATM), a flagship initiative aimed at unlocking the continent’s vast economic potential. At the 42nd International Civil Aviation Organisation (ICAO)…
While the broader African refining market presents an undervalued opportunity, for Uganda, the development of its own petroleum refinery is not merely an investment prospect, it is a foundational project for achieving energy sovereignty, industrial growth, and long-term economic security.…
The East African Crude Oil Pipeline (EACOP) Ltd. signed a landmark Memorandum of Understanding (MoU) with Buganda Kingdom on Wednesday, September 24, 2025, to strengthen collaboration on environmental conservation and community development. This partnership, which focuses on tree growing and…
Uganda is making significant strides in the quest to leverage its rich mineral wealth for national development, moving from being a raw mineral exporter to a value-added producer. This strategic shift was the central theme of the 14th Annual Mineral…
The Uganda Civil Aviation Authority (UCAA), in partnership with AirServ and African Leaders in Aviation, hosted the second annual Girls in Aviation Day on September 24, 2025. This event is part of a broader, sustained effort to inspire and mentor…
A historic shift has occurred in Africa’s broadcasting industry. French media giant CANAL+, under the leadership of Maxime Sadaa as Group Chairman and CEO, has secured effective control of MultiChoice Group, Africa’s largest pay-TV operator, following the successful completion of…
Under the leadership of its Chief Executive Officer, Richard Yego, MTN MoMo Uganda is taking a significant step to champion financial inclusion and accelerate Uganda’s digital transformation. This follows Yego’s announcement of a strategic partnership with the Uganda Manufacturers Association…
The African Development Bank (AfDB) Group is reinforcing its long-standing partnership with Kenya, committing to a future of sustained economic growth despite global headwinds. This renewed commitment was the central theme of a high-level meeting between AfDB’s Regional Director, Alex…
Uganda’s future hinges on its youthful population, and the recent Canada East Africa Business Exchange (CEABEX) amplified the call to harness this potential through STEM education. Speaking at the event, Maureen Karamagi, a Ugandan specialist in STEM education, shared crucial…
Under the visionary leadership of Muliisa Grace as Managing Director, Ecobank Uganda has achieved a historic milestone by arranging a €230 million (approximately Shs950 billion) syndicated loan to fuel Uganda’s economic transformation. This groundbreaking transaction, which was recently approved by…
When institutions or businesses fail, the headlines usually quickly point to financial loss, collapsing share prices, or mismanagement of resources. Rarely do they ask the deeper question: where was the Board? Across sectors, from finance to cooperatives to family businesses,…
After eight years of transformative leadership, Daniel Ogong, the Head of Marketing and Communication at Stanbic Bank Uganda, is stepping down from his role. His departure, effective October 1, 2025, marks the end of an era that saw Stanbic’s brand…
In a significant development for Uganda’s aviation sector, Mr. Samuel Wonekha, the General Manager of Regional Airports at the Uganda Civil Aviation Authority (UCAA), has been elected to the Airports Council International (ACI) Africa Region Board. Following this development, he…
The Bank of Uganda (BoU) has today officially launched its E-Supervision (SupTech) Project, a landmark initiative set to modernise and transform the supervision of the country’s financial sector. This new regulatory technology (RegTech) system, unveiled by the Central Bank Governor,…
In a move set to reshape its strategic direction, SanlamAllianz Re, the reinsurance arm of SanlamAllianz, has appointed Tobias Suek as its new Chief Executive Officer, effective October 15, 2025. This appointment signifies the company’s commitment to leveraging global expertise,…
The Government of Uganda is taking a significant step to boost the nation’s coffee sector by promoting its high-quality coffee at the World Speciality Coffee Conference and Exhibition (SCAJ 2025) in Tokyo, Japan, from September 24-27, 2025. This high-profile event…
The National Social Security Fund (NSSF) has declared a 13.5% interest rate for the Financial Year 2024/25, a testament to its exceptional performance and strategic success. The announcement was made today by Hon. Matia Kasaija, the Minister of Finance, Planning…
MTN Uganda, through the MTN Foundation, is celebrating a major milestone in its mission to empower the nation’s youth with the graduation of 103 youth from the second cohort of its MTN ACE Initiative. The graduation, held on Friday, at…
A high-level delegation led by Hu Zhangliang, Vice Chairman of the China International Development Cooperation Agency (CIDCA), visited the ongoing expansion project at Entebbe International Airport on September 21, 2025. The inspection and subsequent meeting with key Ugandan officials, including…
Uganda’s E-mobility sector is gaining significant momentum, with Kiira Motors Corporation at the forefront of the nation’s push toward a greener, more sustainable future. At the National E-Mobility Expo 2025 held this week and officiated over by the Minister for…
The MTN Fintech Summit held this week in Johannesburg, South Africa, has set a dynamic tone for the future of financial services across the continent, focusing on two critical themes: balancing innovation with regulation and closing the significant lending gap.…
This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent The Board of Directors of the African Development Bank Group…
ACF2025 builds on Afreximbank’s leadership in trade-related compliance and its investment in AI-powered platforms that streamline client onboarding, enable real-time risk monitoring, and ensure secure transaction processing Artificial Intelligence (AI) is reshaping trade in Africa – curbing illicit financial flows,…
Uganda is at a turning point. For years, our growth story has leaned on agriculture, trade, and traditional industries. But the future will be defined by those who can grow without destroying the environment. That’s where the Uganda Green Enterprise…
Uganda’s journey to becoming an oil-producing nation is facing significant hurdles, with a report from the Auditor General (AG) Mr. Edward Okwakol, revealing critical delays and underfunding across major projects. According to the report, while the government had set a…
Centenary Bank is being hailed as the top-performing partner in the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) project, a high-impact initiative aimed at empowering women entrepreneurs and underserved communities. During a high-level review meeting held on Thursday,…
Until his appointment, Mr. Akpata was the Head of CANEX Creations within the Afreximbank Group, taking on a central role in CCInc’s journey since its inception The Board of Directors of the CANEX Creations Incorporated (CCInc), a subsidiary of the…
Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) have entered a Memorandum of Understanding (MOU) aimed…
A World Bank-funded project designed to empower women entrepreneurs across Uganda, popularly known as ‘GROW’, is facing significant challenges, with a new report revealing that a massive Shs41.22 billion in funding remains unspent. The Generating Growth Opportunities and Productivity for…
When Airtel Uganda, under the leadership of Soumendra Sahu as Managing Director, announced a 28.7% surge in Profit After Tax (PAT) to Shs197.2 billion for the first half of 2025, the headlines painted a picture of a company on the…
The AOW: Investing in African Energy 2025 conference in Accra, Ghana, kicked off on Wednesday this week, marking the start of a new era of partnership and collaboration in the energy sector across Africa. The event, hosted in collaboration with…
Uganda’s tourism sector is being reaffirmed as a top driver of the national economy. During the recent three-day 6th Bi-Annual Presidential CEO Retreat held in Fort Portal City, the Prime Minister, Rt. Hon. Robinah Nabbanja delivered a powerful message from…
Uganda is losing staggering amounts of revenue from its mineral wealth, with a new report from the Auditor General, Edward Okwakol, revealing a Shs11 trillion loss from black market gold exports. This massive financial haemorrhage is directly undermining the government’s…
In a significant display of progress since taking over from the private concessionaire Umeme Uganda Limited, the Uganda Electricity Distribution Company Limited (UEDCL) has added a remarkable 648,404 new connections to the national grid in just six months. This achievement,…
The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries The African Development Bank Group has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa…
In a significant development for Uganda’s aviation, tourism, and trade sectors, Uganda Airlines has announced a new interline partnership with Air India, India’s leading global airline. This strategic agreement, effective August 25, 2024, according to Jenifer Bamuturaki, the CEO of…
Africa’s transition states are the continent’s most vulnerable economies, facing a wide range of political, economic, security and environmental challenges, and striving for greater stability and resilience African economists and development leaders have called for sweeping governance reforms, stronger domestic…
The Ministry of Finance, Planning and Economic Development (MoFPED) is embarking on a new phase of its ambitious plan to transform the national economy. This was revealed today by Mr Kaggwa Moses, the Director of Economic Affairs, during a presser…
Stanbic Bank Uganda is moving beyond the traditional role of a financial institution to become a strategic partner in the nation’s development. This was the central message at the 5th Stanbic Development Partner Organisations (DPOs) Roundtable, a unique forum that…
The unaudited interim financial results released by the Capital Markets Authority (CMA), as presented by the company’s directors, led by Selestino Babungi, the Managing Director, paint a picture of an entity in transition, grappling with the operational re-transfer of its electricity…
The hub is structured to address the low investment in research and development (R&D) in Africa and the continent’s underperformance in research output The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) is…
In a landmark move for Uganda’s health insurance sector, APA Insurance Uganda, in partnership with Hollard Health, has launched a new, innovative health insurance solution called ‘APA International Health’. With a maximum coverage limit of up to Shs36 billion, the…
Africa stands at a critical juncture, facing persistent global volatility while striving to unleash its full economic potential. This was the powerful message at the Regional Workshop on the “Accelerated Implementation of the Africa Continental Free Trade Area (AfCFTA) Agreement”…
Airtel Uganda’s public termination of an employee, Mr. Mabingo Juma, for “gross misconduct”, is more than a routine action by the Human Resource Manager’s office. It is a powerful and public statement that underscores the company’s aggressive efforts to combat…
Drawing on nearly two decades of last-mile delivery experience across nine African countries, the paper highlights how rethinking funding design could unlock private sector capacity and deliver impact at scale ENGIE Energy Access, Africa’s leading off-grid solar provider, has released…
Mountains of the Moon University (MMU) on Monday, September 15, 2025, proudly hosted the Roots Africa Symposium, a pivotal event that united students, farmers, leaders, and stakeholders under the theme “Innovation and Community Transformation.” The symposium showcased a powerful model…
When most East Africans think of corporate governance, their imagination often dashes to urban boardrooms where directors debate strategy and compliance. However, some of the most decisive governance questions for our region are being played out not in capital cities…
In a decisive move to create a digitally unified East Africa, the Permanent Secretary of Uganda’s Ministry of ICT and National Guidance, Dr. Aminah Zawedde, recently chaired a high-level meeting in Kigali, Rwanda. The gathering brought together senior ICT officials…
By combining Afreximbank’s financial expertise with strategic oversight of ISA, the partnership seeks to create a robust pipeline of bankable projects essential for closing South Africa’s infrastructure gap African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has marked a significant milestone in infrastructure…
In a powerful demonstration of corporate stewardship and community commitment, Centenary Bank has announced a significant partnership with the Kampala Capital City Authority (KCCA), injecting Shs86 million into two of the city’s most vital initiatives: the Kampala Festival and the…
Applying game-design elements, such as points, badges, leaderboards and rewards, to cybersecurity training taps into our natural desire for achievement, competition and progress Traditional cybersecurity and compliance training can be dull as dishwater, which can lead to poor engagement and…
Key concerns for MRO buyers include ensuring cost savings, maintaining ageing assets, contract compliance with preferred suppliers, and managing multiple stakeholder expectations across dispersed sites RS South Africa, a trading brand of RS Group plc (LSE: RS1), a global provider…
Maono Africa, whose work spans sport and arts, education and skills development, health and Advocacy, will collaborate on the same modules while engaging a broader youth demographic through the lens of purpose-driven storytelling A decade ago, Canon took a bold…
In a deliberate and strategic move to capture a share of the world’s largest outbound travel market, the Uganda Tourism Board (UTB), in partnership with the Uganda Consulate in Guangzhou, China, proudly showcased ‘Destination Uganda’ at the Chinese International Tourism…
In a move that signals a carefully planned succession for Africa’s largest financial institution by assets, Standard Bank Group has announced the appointment of David Hodnett as the new Chief Executive of its flagship South African operations. He is set…
The 2025 NES conference has drawn more than 2,500 delegates from 22 African countries, including economists, policymakers, academics, and international partners African leaders, experts, the African Development Bank and development partners have called for urgent reforms to strengthen governance, deepen…
Uganda has taken a significant stride toward aligning its economic ambitions with global climate goals. The Ministry of Finance, Planning and Economic Development, in a landmark partnership with the World Bank, European Union, Stanbic Bank, and other key international and…
As Africa’s energy sector continue to grow, the 20 Under 40 Energy Women Rising Stars celebrates innovation and leadership across the sector The African Energy Chamber (AEC) proudly announces this year’s 20 Under 40 Energy Women Rising Stars, celebrating the visionaries shaping…
The Ugandan delegation at the Summit included, besides Prof. Nuwagaba, Hon. Ruth Nankabirwa, the Minister of Energy and Mineral Development, Dr. Sudhir Ruperelia, the Chairman of Ruparelia Group of Companies, among others. Speaking on the Bank’s role in driving financial…
Entebbe International Airport is celebrating a landmark achievement after recording its busiest month in history. According to Vianney Luggya, the Manager, Public Affairs at the Uganda Civil Aviation Authority (UCAA), “in August 2025, the airport facilitated a total of 243,089…
In an era of global uncertainty, a single, fragile commodity has emerged as the bedrock of economic growth, effective governance, and thriving workplaces: trust. A recent discussion, featuring experts like Jim Harter of Gallup, delves into the very essence of…
Uganda’s economy, and indeed its social fabric, is powered by a dynamic and resilient force: Small and Medium-sized Enterprises (SMEs). Making up a remarkable 90% of the country’s private sector, these businesses are the true engine of growth, creating livelihoods…
Even before the first barrel of commercial oil is extracted, Uganda’s promising oil and gas sector is already a transformative force, reshaping the nation’s economic and social landscape. This was the pivotal message delivered by Gloria Sebikari, the Manager of…
When Juliana Kagwa took over as CEO of the Uganda Tourism Board (UTB) in May 2025, the big question was: what would she do differently? We’ve had strong leaders before; Stephen Asiimwe gave Uganda a voice in the global tourism…
In a powerful address that set the tone for the national budgeting process, the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, announced a major crackdown on dishonest and inefficient fiscal practices. At the National Budget Conference for the…
The MTN Foundation, the corporate social investment arm of MTN Uganda, is embarking on a new strategic phase following the appointment of two of Uganda’s most respected professionals, Allen Kagina and Francis Gimara, to its Board of Directors. This move…
The East African Community (EAC) has long championed the vision of a unified Common Market, a cornerstone of which is the free movement of persons, services, and capital. However, a stark reality has emerged: despite a 12% growth in intra-EAC…
The National Social Security Fund (NSSF) has once again cemented its role as a key driver of Uganda’s economy, announcing record-breaking earnings and contributions for the Financial Year ending June 30, 2025. With earnings soaring to Shs3.52 trillion, an 11%…
The Second Africa Climate Summit (ACS2), underway in Addis Ababa, Ethiopia, marks a pivotal moment in the continent’s united front for bold, transformative climate action. Building on the momentum of the inaugural summit in Nairobi, Kenya, this high-level convening, under…
Uganda’s pay-TV landscape is on the brink of a historic transformation as French media giant Groupe Canal+ finalises its acquisition of South Africa’s MultiChoice Group, led by Calvo Phedi Mawela as Group Chief Executive Director. While MultiChoice Uganda and its…
In a significant leadership appointment, Walter Wafula has been named the new Group CEO of Fireworks Advertising. The move signals a new chapter for both the acclaimed communications professional and the agency, which is one of Uganda’s leading marketing and…
Africa’s contribution to global trade stands at a modest 3%, a number that falls too short of the continent’s immense potential. However, a closer look at intra-African trade reveals a more concerning trend: a decline from 14.5% in 2021 to…
The signing of a cooperation agreement between Uganda and Algeria on Monday, September 8, 2025, marks a significant milestone in their diplomatic and economic relations. Signed by Uganda’s Minister of Finance, Matia Kasaija, and his Algerian counterpart, Abdelkarim Bouzred, the…
In a significant high-level meeting, Sunil Taldar, the Group CEO of Airtel Africa, met with the Governor of the Bank of Uganda, Dr. Michael Atingi-Ego, along with the leadership of Airtel Uganda, led by the Managing Director, Soumendra Sahu, and…
Absa Bank Uganda shone brightly on the global stage, earning top recognition at the inaugural Absa Group CEO Pinnacle Awards in Johannesburg, South Africa, held over the weekend. The awards, hosted by Absa Group CEO Kenny Fihla, celebrated the best…
The Uganda Railways Corporation (URC), under the leadership of Benon M. Kajuna as Managing Director, has a bold vision: to become the “Preferred Freight and Passenger Transporter in Eastern Africa by 2040.” However, a new report by the Auditor General,…
The African Civil Aviation Commission (AFCAC) has announced the commencement of Ms. Adefunke Adeyemi’s second term as Secretary General, a powerful vote of confidence in her leadership and a strategic commitment to advancing a unified African aviation sector. Effective September…
Uganda has been placed on high alert following the confirmation of a new Ebola virus outbreak in the Democratic Republic of Congo (DRC), which has already claimed at least 15 lives. While the latest outbreak is centered in the central…
The African Development Bank (AfDB) is in advanced talks with Uganda’s Ministry of Works and Transport to fund a transformative project aimed at upgrading regional aerodromes, with a primary focus on converting Arua Airfield into a full-fledged international airport. The…
The government of Uganda has announced plans to secure a new USD 400 million (over Shs1.4 trillion) loan from a consortium of lenders, including the African Development Bank (AfDB), the International Fund for Agricultural Development(IFAD), the Islamic Development Bank and UniCredit…
The Uganda Tourism Board (UTB) has taken a decisive step in its mission to position the country as a premier global destination, moving beyond its renowned wildlife to showcase the country’s profound cultural heritage. In a landmark strategic move, the…
The Ministry of Finance, Planning and Economic Development has released a comprehensive economic outlook that provides a clear and compelling narrative for Uganda’s future. The data points to a steady and robust upward trajectory, affirming that the nation’s ambitious goal…
The Uganda Cancer Institute (UCI) today launched the September Gold, Childhood Cancer Awareness Month, during which officials from the institute delivered a transformative message about cancer awareness among children in the country. Led by Dr. Joyce Balagadde Kambugu, the Head…
Stanbic Bank Uganda has unveiled a transformative enhancement to its unsecured lending, extending the Supa Dupa loan repayment tenor from 7 to 10 years. This strategic shift is far more than a simple product update; it’s a bold declaration of…
Students from the African School of Innovations in Science and Technology (ASIST) Limited have set a new record at the Pan African Robotics Championship in Dakar, Senegal. ASIST Ltd has been running the Young Engineers Uganda STEM Education programme since…
The Bank of Uganda on Wednesday, September 3, 2025, hosted board members from both MTN MoMo and MTN Fintech for a strategic meeting, which was chaired by the BoU Governor, Mr. Michael Atingi-Ego, flanked by Dr. Tumubweinee Twinemanzi, the Executive…
Uganda’s aviation sector is set for a major transformation, following a Regulatory Excellence Training that marked a pivotal step toward building a safer, more innovative, and globally competitive industry. The three-day event, held at Protea Hotel in Entebbe, brought together…
The inaugural Uganda Development Finance Summit has established itself as a pivotal platform for redefining Africa’s economic trajectory. Convened by the Uganda Development Bank (UDB), the summit, which brought together leaders from across the continent, was framed by the Bank…
In a powerful strategic move, Uganda Baati Ltd, a member of the Safal Group, has appointed Jackie Tahakanizibwa as its new Head of External and Corporate Affairs. The decision to bring a leader of her calibre into the senior management…
At the Makerere University Investor Roundtable Summit held on Tuesday, September 2, 2025, a powerful message emerged: Uganda’s future prosperity hinges on its ability to invest in its youthful population strategically. Stanbic Bank Uganda, represented by its Executive Director and…
Uganda officially kicked off its World Tourism Day 2025 celebrations today with a bold and strategic move designed to redefine its tourism sector. Under the theme “Tourism and Sustainable Transformation,” the Uganda Wildlife Authority (UWA) has announced a groundbreaking 3-day…
Uganda is setting the stage for an ambitious economic transformation, with a bold vision to grow its economy tenfold, from an estimated USD50 billion in 2025 to USD500 billion by 2040. This was the central message at today’s UK-Uganda Webinar…
As Uganda prepares to mark International Literacy Day on September 8, 2025, the nation stands at a critical juncture. While celebrating significant progress, the Ministry of Gender, Labour and Social Development, Hon. Peace Regis Mutuuzo, has issued a powerful call…
At the 9th High-Level Economic Growth Forum in Kampala held recently, a stark warning was delivered to Ugandan policymakers: mismanaging anticipated oil revenues and over-relying on non-tradable sectors could derail the nation’s long-term economic stability. During the said Forum, top…
The Uganda Development Finance Summit (UDFS25), which was officially opened on Monday by President Yoweri Kaguta Museveni, has not only showcased Uganda’s bold ambitions but also amplified global voices demanding a seismic shift in how Africa finances its future. From…
The inaugural Uganda Development Finance Summit (UDFS25) opened this week at the Speke Convention Centre in Kampala with a mix of celebration, critique, and bold ambition. President Yoweri Museveni, in his trademark bluntness, praised the Uganda Development Bank (UDB) for…
In a country where approximately 80% of the adult population lacks a formal bank account, MTN South Sudan is taking a bold step to bridge the gap of financial exclusion. In collaboration with MTN Fintech, the company has launched its…
East Africa’s aviation sector is poised for a significant transformation, driven by a new standard of regulatory excellence. A three-day workshop held at Protea Hotel in Entebbe, starting September 1-3rd, 2025, brought together key regional and international partners, including the…
Airtel Uganda, under the leadership of Soumendra Sahu as Chief Executive Director, has delivered a stellar performance, posting a 28.7% jump in Profit After Tax (PAT) for the first half of 2025. The company’s impressive financial results, with profits reaching…
Uganda’s economic transformation is being built not in boardrooms, but in high school science labs and innovation hubs. The 10th anniversary of the Stanbic National Schools Championship grand finale held today in Kampala showcased a new generation of young innovators…
As Uganda’s banking sector navigates a new era of regulatory reform and technological advancement, Centenary Bank, under the leadership of Fabian Kasi as Managing Director, is emerging not just as a compliant institution but as a central engine for the…
M-Pesa, Tanzania’s dominant mobile money platform, is making a strategic move to fortify its market leadership. By appointing a new board with a wealth of experience in governance, investment, and transformation, the company is signalling its intent to not only…
The Uganda Electricity Distribution Company Limited (UEDCL) is taking a strategic and pivotal role in driving the nation’s economic growth. During the 2025 Electricity Dialogue held on Thursday, August 28, 2025, at the UMA Showground in Kampala, UEDCL Managing Director…
Kenya’s export earnings to the United States are on a strong upward trajectory, signalling robust demand for its products despite a challenging global trade environment. According to data from the US Census, Kenyan traders sold goods worth Shs52.59 billion in…
The tourism sector in Uganda is experiencing a paradigm shift, moving beyond traditional wildlife safaris to embrace sports tourism as a new frontier for economic growth. A high-level engagement on Wednesday at State House, Entebbe, between key tourism stakeholders and…
Uganda’s agricultural sector, the backbone of its economy, is set for a major transformation through enhanced collaboration with the United Kingdom. At the inaugural UK-Uganda Agro-Industrialisation Forum held in Kampala on Wednesday, government officials, businesses, and development partners from both…
While both Uganda Airlines and Kenya Airways have faced significant financial and operational challenges, a stark contrast in their strategies reveals why one appears to be on a path to recovery while the other is still struggling. Kenya Airways (KQ)…
The Uganda Development Bank (UDB), which is headed by Dr. Patricia Ojangole as Managing Director, has for decades been a cornerstone of the Ugandan government’s economic development agenda, but questions remain about its effectiveness in addressing key national bottlenecks. Ojangole,…
Uganda’s tourism sector is at a pivotal moment, with a renewed spirit of collaboration and a clear roadmap for growth. In a recent meeting at the Ministry of Tourism, Wildlife and Antiquities (MTWA), the Uganda Tourism Association (UTA) affirmed that…
Africa is grappling with a looming plastic disaster, but a solution may lie in an old idea with a new twist: the widespread adoption of returnable, refillable packaging. Coca-Cola Beverages South Africa (CCBSA) is leading the charge with the expansion…
Mobile money, particularly MTN MoMo, has evolved from a simple money transfer service into a powerful engine for financial inclusion and economic growth in Uganda. This transformation is at the heart of MTN Uganda’s inaugural Sustainability Report, launched in Kampala…
Uganda’s commitment to aviation safety is gaining regional recognition, as demonstrated by the participation of the Uganda Civil Aviation Authority (UCAA) Director General, Mr. Fred K. Bamwesigye, at the prestigious CANSO Africa Conference in Nairobi, Kenya, running from August 26-29,…
High economic inequality poses a significant threat to global development by slowing progress toward shared prosperity and poverty eradication. The World Bank recognises that this issue is not merely a social concern but a fundamental barrier to growth. Experts like…
Uganda’s economy has demonstrated remarkable resilience in the first half of 2025 and is now on a robust upward trajectory, with key indicators pointing to strong and sustainable growth. This was revealed today by Hon. Matia Kasaija, the Minister of…
The insurance industry across Africa is at a crossroads. As highlighted by Grace Muliisa, Ecobank Uganda’s Managing Director, at the 47th OESAI-Organisation of Eastern and Southern Africa Insurers Annual Conference & AGM, running from August 23rd to 27th, 2025, in Kampala,…
Stanbic Bank Uganda is taking a strategic, hands-on approach to driving the nation’s economic growth, moving beyond traditional banking to directly empower small and medium enterprises (SMEs) through its subsidiary, the Stanbic Business Incubator Limited (SBIL). This commitment is particularly…
Uganda is taking a bold, strategic step towards its national development goals by officially recognising the inseparable link between digital connectivity and energy access. At the recent Telecom Sector Power Forum held in Kampala, a new era of cooperation was…
The Ugandan real estate sector is undergoing a significant transformation, with the entry of foreign investment and a new focus on high-end, luxury projects. Turkish real estate firm, VAAL Real Estate, has entered the Ugandan market with two landmark projects,…
Uganda’s journey toward becoming a significant oil producer is gaining momentum, with key projects progressing steadily toward the critical 2026 deadline for first oil production. The recent field visit by Ernest Rubondo, the Executive Director of the Petroleum Authority of…
In an era of rapid technological change, Standard Chartered Uganda is demonstrating how a bank with over a century of history can not only remain relevant but also lead the digital revolution. The bank’s commitment to digitising its services is…
Laila Noor is a powerhouse in Uganda’s events, marketing, and public relations industry, who was one of the key brains behind the 15th anniversary of the Brand Africa Awards. With over a decade of experience, she has played a pivotal role…
The abduction and cryptocurrency theft targeting Festo Ivaibi, the founder of Afro Token, which occurred a few days ago, marks a critical turning point for Uganda’s emerging blockchain and crypto sector. According to blockchain transaction records, the perpetrators, who included…
Telecom giant MTN Uganda is taking a leading role in promoting workplace safety, health, and well-being, announcing its support for the upcoming International Vision Zero Africa Conference. In a significant meeting at MTN Uganda’s headquarters, the company’s CEO, Sylvia Mulinge,…
In a landmark achievement for African innovation, Dei BioPharma, a Ugandan pharmaceutical complex, has received a second major approval from the U.S. Food and Drug Administration (FDA), solidifying the country’s position as an emerging global hub for vital medicines. The…
In the evolving narrative of Africa’s financial sector, few executives embody the rare mix of technical rigour, regional credibility, and institutional transformation like Francis Karuhanga, the newly appointed Regional Chief Executive for South and Central Africa at Standard Bank Group,…
Pride Bank has launched a groundbreaking new product designed to empower millions of Ugandans who participate in collective savings groups, such as SACCOs (Savings and Credit Co-operatives), VSLAs (Village Savings and Loan Associations), and investment clubs. This initiative, launched today…
Ferdi Moolman’s appointment as Chief Executive Officer (CEO) of MTN South Africa, effective November 1, 2025, is a strategic move designed to reignite growth and strengthen the company’s competitive position. Moolman’s proven track record of navigating complex regulatory environments and…
Uganda’s agricultural sector, which is the backbone of the economy, is poised for a significant turnaround with the signing of a landmark agreement to establish a major organic fertiliser factory. This strategic partnership between the Ministry of Agriculture, Animal Industry…
Uganda is strategically advancing its position as a digital innovation hub in Africa by participating in the 9th Tokyo International Conference on African Development (TICAD 9). A delegation from the Ministry of ICT and National Guidance, led by Dr. Aminah…
The Brand Africa 100 awards ceremony, held on August 15, 2025, at the Kampala Serena Hotel, serves as a vital litmus test of brand admiration across the continent, and this year, Unilever’s resounding success in Uganda stands as a powerful…
As Uganda’s digital economy expands at an unprecedented pace, the need for robust cybersecurity has become more than a technical concern; it’s a critical national priority. The rapid growth of fintech, mobile connectivity, and e-services, while transformative, has simultaneously widened…
Entebbe International Airport (EIA) set a new record in July 2025, handling an all-time high of 230,577 passengers. This unprecedented surge, with 119,127 arrivals and 111,450 departures, is a powerful indicator of Uganda’s blossoming economic activity and its increasing prominence…
The National Medical Stores (NMS) in Uganda is at the centre of a major public health alert following the recall of a defective and dangerous drug from all health facilities. A directive from NMS General Manager Moses Kamabare has ordered…
The East African Crude Oil Pipeline (EACOP) launched a landmark initiative this week, the Youth Economic Empowerment (YEE) Project, designed to build the skills, capacity, and confidence of young people across Tanzania. This flagship program, a core part of EACOP’s…
Over the past 14 months, the Ugandan shilling has shown remarkable strength, appreciating steadily against the US dollar. In a televised address today, Bank of Uganda (BoU) Governor Michael Atingi-Ego clarified the central bank’s role, asserting that this appreciation is…
In a significant move to elevate Uganda’s tourism sector, the government is forging a deeper partnership with private sector leaders to achieve its vision of becoming a leading sustainable tourism destination in Africa. During the media launch of the Presidential…
The Uganda Civil Aviation Authority (UCAA), in collaboration with the International Civil Aviation Organisation (ICAO), on Monday this week officially launched a five-day training on the ICAO Traveller Identification Programme (TRIP) Strategy, running from August 18-22, 2025. This high-level training,…
At the Brand Africa Awards held on August 15, 2025, Stanbic Bank was honoured with two prestigious accolades: Most Admired Brand-Banking and Most Admired Brand-Financial Services. These awards are a recognition of the bank’s pivotal role in Uganda’s economy, a…
Ugandan coffee farmers are no strangers to the volatile global market. Prices rise and fall, but as the recent rebound shows, there are proactive steps farmers can take to mitigate the effects of this instability. According to Hon. Frank Tumwebaze,…
Stanbic Uganda has released its half-year financial results for 2025, revealing a robust performance that not only underscores its market leadership but also its direct role in driving Uganda’s economic growth and empowering key demographics. The bank’s strong commercial success…
The Brand Africa Awards ceremony at the Kampala Serena Hotel held on August 15, 2025, honoured the most admired brands in Uganda, with MTN taking home the prestigious Grand Prix as the country’s overall most admired brand. The event, which…
President Yoweri Kaguta Museveni’s commissioning of the Wagagai Gold Mining project in Busia District over the weekend marks a significant turning point for Uganda’s economy. The project, a significant investment in local mineral processing, is poised to transform how Uganda…
The East African Crude Oil Pipeline (EACOP) company today hosted a crucial Supplier Development Forum at the Sheraton Hotel in Kampala, opening the door for Ugandan businesses to participate in upcoming opportunities for Electrical, Instrumentation, and Telecommunication Security (EITS). The…
During an open lecture at Makerere University Business School (MUBS) on Friday, August 15, 2025, Thebe Ikalafeng, the Founder and Chairman of Brand Africa, delivered a powerful and provocative message, urging a radical shift in thinking across the continent. Ikalafeng,…
The Law Development Centre (LDC), Uganda’s top institution for legal training, has come under intense scrutiny from Parliament’s Public Accounts Committee (PAC) for a series of questionable expenditures totalling Shs5.1 billion. During a PAC session on August 7, 2025, a…
In a momentous celebration of five years of impacting lives and driving Uganda’s socio-economic transformation, Glovo inaugurated a new office in Kampala on Thursday, marking a fresh chapter focused on scaling its operations, enhancing digital tools, and pioneering a greener…
In a powerful demonstration of its commitment to safety, the Uganda Civil Aviation Authority (UCAA) has teamed up with the Department of Meteorological Services to host an Aviation Weather Awareness Workshop. Held from August 14-15, 2025, at the Imperial Golf…
On Friday, August 15, 2025, the prestigious Kampala Serena Hotel will become the epicentre of African branding and leadership as Uganda hosts the Brand Africa Awards 2025. The 15th anniversary of the Brand Africa Awards, hosted by Publics Africa Communication,…
Following a wave of public complaints on social media about mobile money thefts, the Bank of Uganda (BoU) Governor, Michael Atingi-Ego, has issued a statement to address the growing concern among Ugandans. The rise in mobile money fraud, including cases…
Rt. Hon. Rebecca Kadaga, the Second Deputy Prime Minister, on Wednesday, August 13, 2025, broke ground for the construction of a new climate-resilient and gender-inclusive market, in Elegu, Amuru District, which will bolster trade between Uganda and South Sudan. Situated…
The wrap-up of the Stanbic National Schools Championship appraisals today has highlighted a powerful link between youth innovation and Uganda’s long-term economic goals. The innovativeness displayed by young entrepreneurs like Ivan Natumanya and Jackie Omondi demonstrates how this Stanbic Bank initiative…
In a significant leadership change, Coca-Cola Beverages Uganda (CCBU) this week announced Emmy Hashakimana as the new General Manager, effective August 12, 2025. Hashakimana, who previously served as Commercial Director at Uganda Breweries, brings a wealth of experience and a…
Richard Byarugaba, the former Managing Director of the National Social Security Fund (NSSF), has been appointed the Board Chairman of Old Mutual Investment Group, replacing Prof. Samuel Sejjaka, a strategic move that is bound to reshape Uganda’s investment landscape This…
On Friday, August 15, 2025, Kampala will be at the heart of Africa’s branding conversation as it hosts the 15th Brand Africa Awards, and MTN CEO Ms. Sylvia Mulinge is slated to be the crowd-puller of this glamorous evening, to…
Standard Chartered Bank this week launched its first-ever Women in Tech (WiT) program in Uganda, a significant initiative that aims to empower women, boost digital inclusion, and drive socio-economic transformation. According to Sanjay Rughani, the Stanchart CEO, this program, a…
By Arinaitwe Rugyendo With a heavy heart and deep gratitude, I celebrate the life of Hon. Mary Karooro Okurut, whose sudden death has left hundreds of thousands shocked and in grief. Hon. Karooro was a woman whose legacy transcends titles…
MTN Uganda has released impressive financial results for the first half of 2025, showcasing not only strong business performance but also its substantial contribution to Uganda’s economic growth. The company reported a 13.3% increase in total revenue to Shs 1.7…
In a landmark partnership set to transform Uganda’s financial landscape, Airtel Money, the Uganda Revenue Authority (URA), and Stanbic Bank Uganda have launched a seamless tax payment solution. This collaboration, which allows taxpayers to pay taxes from their mobile phones,…
Parliament is expressing serious concerns about the Uganda Civil Aviation Authority (UCAA)’s reputation following the termination of 82 staff members for inadequate academic qualifications. Members of Parliament (MPs) have since warned that revelations of underqualified staff could severely damage Uganda’s…
This Friday, August 15, 2025, Uganda will host a pivotal event for professionals in brand development and leadership: the 15th Anniversary of the Brand Africa Awards, to be held at the Kampala Serena Hotel, starting at 6:00 PM. The event…
The Uganda National Bureau of Standards (UNBS) signed a Memorandum of Understanding (MoU) with the China Certification and Inspection Group Co., Ltd. (CCIC) on Monday, August 11, 2025, a strategic move that will significantly bolster Uganda’s economy. This pivotal partnership…
The Uganda insurance industry is at a pivotal moment, with its leaders acknowledging the critical role of media in shaping public trust and driving growth. During the close of the Insurance Media Workshop held this week at Fairway Hotel, Kampala,…
In a significant shake-up of Uganda’s advertising industry, Airtel Uganda’s advertising mandate has been restructured under a new strategic collaboration. Effective August 1, 2025, the account is now overseen by a consortium led by The Partnership Africa, with creative duties…
In a landmark move, Epic Business Consult (EBC) and the League of East African Directors (LEAD) have formed a strategic partnership to elevate leadership and governance standards across the region’s C-suite companies. The collaboration, announced by EBC’s Head of Agency,…
Parliament’s Public Accounts Committee (PAC) has announced its intention to conduct a full-scale investigation into all software systems procured by the Ministry of Information, Communication, Technology, and National Guidance. The decision follows a damning revelation that multiple government agencies have…
Stanbic Bank is positioning itself as a key driver of Uganda’s economic growth, launching a significant campaign to attract foreign investment. Through its Corporate and Investment Banking (CIB) division, the bank is actively engaging with multinational corporations to showcase Uganda…
Uganda’s tourism sector is set for a major leap forward, as the National Information Technology Authority-Uganda (NITA-U) and the Uganda Tourism Board (UTB) have joined forces with the Uganda Wildlife Authority (UWA) to launch a new, digitally-driven era for the…
Uganda’s waste problem has reached a critical point, threatening public health, the environment, and the national economy. A validation meeting for the Draft National Waste Management Policy 2025 held today by the Ministry of Local Government highlighted the gravity of…
Uganda’s economy is set to receive a significant boost as the country hosts the prestigious Brand Africa Awards on August 15, 2025, at the Kampala Serena Hotel. This year’s event, a celebration of the awards’ 15th anniversary, promises to be…
With digital fraud on the rise, MoMo has taken a leading role in the fight to secure Uganda’s financial ecosystem. MoMo CEO Richard Yego on Thursday afternoon joined other industry leaders at the Criminal Investigations Directorate (CID) Headquarters for a…
In a powerful strategic move, Uganda Breweries Limited (UBL), a subsidiary of East African Breweries Limited (EABL), unveiled a new product, Bell Lager Citrus, aiming to capture a bigger share of Uganda’s competitive alcoholic beverages market. The new brand, a…
A decade-old scandal has resurfaced at the heart of the capital city administration, the Kampala Capital City Authority (KCCA), raising serious alarms about systemic corruption and a chronic lack of accountability. During a fiery session of the Committee on Commissions,…
As policymakers and industry leaders converge at the 2nd Annual Regional Industrialisation Conference in Kampala, a critical conversation is taking centre stage: the relentless battle against illicit trade. The conference, themed “Enhancing policy advocacy for sustainable regional industrial growth,” shone…
Uganda’s economic future is taking flight, and a robust focus on aviation security is strengthening its wings. In a high-level two-day workshop held at Lake View Hotel in Mbarara this week, the Uganda Civil Aviation Authority (UCAA) convened Airport Security…
In a powerful collaboration aimed at fostering environmental stewardship and sustainable development, the East African Crude Oil Pipeline (EACOP) has partnered with Rotary District 9213 and Rotary District 9214 to launch a transformative new program dubbed the ‘EACOP Green Schools Initiative‘.…
For too long, a common perception has held back millions of Ugandans from securing their financial futures: that investing is a privilege reserved for the wealthy or a complex world only for experts. This belief, however, is a myth that…
Africa’s industrial revolution will be sown in its fields. This was the powerful message resonating from the 2nd Annual Regional Industrialisation Conference, held today at the Kampala Serena Hotel. Under the theme, “Enhancing Policy Advocacy for Sustainable Regional Industrial Growth,”…
Just four months after taking over from Umeme as Uganda’s national power supplier, the Uganda Electricity Distribution Company Limited (UEDCL), led by Paul Mwesigwa as Managing Director, is facing intense scrutiny from Members of Parliament over allegations of illegal electricity…
Uganda’s tourism sector is no longer just a collection of stunning landscapes and unique wildlife; it has emerged as a multi-faceted engine of national development. According to Senior Presidential Advisor on Tourism and former CEO of the Uganda Tourism Board…
As Uganda prepares to host the prestigious Brand Africa Awards ceremony on August 15th, 2025, at the Kampala Serena Hotel, the spotlight intensifies on a critical force reshaping corporate identity and consumer engagement across the continent: digitalisation. This transformative wave…
Uganda’s booming tourism sector, a key driver of the economy and a leading foreign exchange earner, is set for a significant digital leap forward. This comes after MoMo by MTN Uganda and the Uganda Hotel Owners Association (UHOA) officially forged…
Uganda’s ambitious industrialisation agenda, particularly in the long-underserved West Nile sub-region, received a massive boost on Friday with the official commissioning of the USD 20 million Nyagak III Hydropower Plant. With a generation capacity of 6.6 megawatts (MW), this Public-Private…
Uganda’s growing oil and gas sector, a cornerstone of the country’s economic future, is set for accelerated development following high-level discussions between the Petroleum Authority of Uganda (PAU) and top executives from Standard Bank Group, the parent company of Stanbic…
The insurance landscape in Uganda is on the verge of a dramatic transformation following the recent approval by the Insurance Regulatory Authority (IRA) of Uganda of a merger between two formidable global entities: South African insurance giant Sanlam and Jubilee…
The East African Crude Oil Pipeline (EACOP) project is not just building a pipeline; it’s building futures. As part of its commitment to restoring and improving the livelihoods of Project-Affected Households (PAHs), EACOP Ltd has successfully stepped up its comprehensive…
Uganda’s financial sector, a cornerstone of its vibrant economy, is increasingly being shaped and driven by a formidable cohort of women leaders. In a traditionally male-dominated industry, these powerful ladies are not just breaking glass ceilings but actively spearheading innovation,…
In a significant display of collaboration at the apex of Uganda’s financial sector, on Thursday, July 31, 2025, Mr. Mumba Kenneth Kalifungwa, the new Chief Executive of Stanbic Bank Uganda, paid a courtesy visit to the Governor of the Bank…
In a significant boost to its economic diversification and growth agenda, Uganda has secured USD 150 million (over Shs537 billion) in vital funding from the Arab Bank for Economic Development in Africa (BADEA), earmarked specifically to empower its private sector.…
Uganda’s ambitious drive to transform its tourism and oil and gas sectors, key pillars of its economic future, faces a significant setback after the Ministry of Works and Transport announced the suspension and slowdown of several critical road construction projects…
In a profound display of regional solidarity and strategic economic foresight, the President of Uganda H.E. Yoweri Kaguta Museveni and his Kenyan counterpart H.E. Dr. William Ruto, concluded an official State Visit on Tuesday, July 30th, 2025, by signing eight…
Ugandan women entrepreneurs, recognised as powerful drivers for socio-economic transformation, are set to gain unprecedented access to tailored and affordable financing solutions, thanks to a global partnership led by the World Bank Group and championed locally by Stanbic Bank Uganda.…
President Yoweri Kaguta Museveni has committed to strategically deploying Uganda’s much-anticipated oil revenues to the tourism sector, a move that is set to redefine the sector over time. This transformative pledge emerged from a pivotal meeting at State House on July…
Uganda is charting a bold new course for inclusive economic growth, with a particular focus on empowering women in trade and nurturing future generations of entrepreneurs. The Breaking Barriers to Trade conference, held in Kampala on Tuesday, served as a…
The 8th Annual Uganda Bankers Conference 2025 concluded on Tuesday with a powerful summation from Kenneth Mumba Kalifungwa, the Chief Executive Officer of Stanbic Bank Uganda, who underscored the pivotal role of remittances, financial technology (FinTech), and sustained collaboration in…
Uganda is rapidly advancing its position as a significant player in the global gold market, driven by an ambitious strategy to expand domestic gold production and increase value-added activities. This ambitious agenda received a substantial boost with the official commissioning…
Uganda’s emerging oil and gas sector is reaching a pivotal new phase, marked by a landmark agreement between the Uganda National Oil Company (UNOC) and Vivo Energy Uganda Limited. This strategic partnership, formally signed at UNOC’s head office in Kampala…
In a move signalling a strong commitment to its most valuable asset, its people, dfcu Bank has announced the strategic appointment of Marsha Nyonyozi Walusimbi as its new Chief of People and Culture Transformation. This key leadership role underscores dfcu…
Remittances are more than mere financial transactions; they are the bedrock of Uganda’s economic resilience, a lifeline for millions of families, and a powerful engine for national development. This was the central message delivered by Julius Kakeeto, the Managing Director…
Amidst persistent whispers and misinformation, the Uganda National Oil Company (UNOC) has stepped forward to set the record straight on the nation’s eagerly anticipated journey to first oil production. Tony Otoa, UNOC’s Chief of Corporate Affairs, has for the first…
In a landmark achievement that resonates beyond its borders, Uganda has positioned itself at the forefront of global medical innovation, as the United States Patent and Trademark Office (USPTO) has formally accepted two groundbreaking vaccine patent applications by Dr. Mathias…
In a critical move to bolster national emergency response capabilities, the Uganda Civil Aviation Authority (UCAA), in conjunction with the Ministry of Works and Transport’s Maritime Department and the Uganda Red Cross Society, has successfully concluded a series of intensive…
When global insurance giants shake hands, the tremors are felt far beyond boardrooms, reshaping markets and perceptions across entire economies. In East Africa, and particularly in Uganda, the Sanlam–Jubilee Allianz merger has done precisely that. Quietly finalised and operationalised in…
The 3rd Edition of the Annual Agriculture Awards 2025 concluded over the weekend at the Imperial Royale Hotel in Kampala, spotlighting excellence and innovation vital for Uganda’s agricultural sector. Held under the theme “Celebrating Excellence and Innovation in Agriculture,” the…
A renewed commitment to a key partnership between the United Nations Economic Commission for Africa (ECA) and the Arab Bank for Economic Development in Africa (BADEA) is set to unlock significant benefits for Uganda and Africa at large. During a…
The Uganda Electricity Transmission Company Limited (UETCL) is set for enhanced operational stability and strategic continuity following the appointment of Eng. Richard Matsiko as Acting Chief Executive Officer. Rising from his previous role as Deputy CEO, Eng. Matsiko’s immediate assumption…
After years of strategic planning and significant investment, Uganda’s long-awaited journey to become an oil-exporting nation is about to be realised. The East African Crude Oil Pipeline (EACOP), a pivotal USD5 billion infrastructure project, has officially entered its “12-month sprint,”…
Uganda is set to host a landmark gathering that will redefine Africa’s development finance landscape. The Uganda Development Bank (UDB), in partnership with the Ministry of Finance, Planning and Economic Development on Thursday, July 24th, 2025, officially launched the Uganda Development…
In a significant development for Uganda’s growing fintech landscape, the Bank of Uganda (BoU) has formally approved the appointment of Doreen Rutazaana as a Director to the Board of Directors of Micropay (U) Limited. This regulatory green light, following an…
Uganda’s aviation sector has demonstrated robust growth in the first half of 2025, with Entebbe International Airport recording a significant surge in international passenger and cargo traffic. According to the Uganda Civil Aviation Authority (UCAA), this positive trend underscores Uganda’s…
The journey for another cohort of aspiring filmmakers has officially begun at the MultiChoice Talent Factory (MTF) East Africa Academy, marking the start of a new academic year dedicated to nurturing the continent’s next generation of creative professionals. This milestone…
Uganda’s insurance sector is set to undergo a significant transformation after Sanlam General Insurance (Uganda) and Jubilee Allianz General Insurance officially announced their amalgamation, following approval from the Insurance Regulatory Authority (IRA) of Uganda. This strategic consolidation marks a pivotal…
Uganda’s tourism sector is set for a significant transformation following a high-level meeting where the Uganda Tourism Association (UTA), the European Union and over 20 global development partners convened to address critical challenges and chart a sustainable path forward. This…
Uganda’s energy and extractives sector is witnessing a transformative shift, driven by a cadre of exceptional women leaders strategically positioned across key government organisations. These powerful figures are not only steering national energy security and development but also championing inclusivity,…
The Petroleum Authority of Uganda (PAU) is spearheading a critical initiative to bridge and amplify the synergies between Uganda’s promising oil and gas sector and its vibrant tourism industry. This strategic alignment, led by Ernest Rubondo, Executive Director of PAU,…
Uganda is intensifying its strategic partnership with the United Kingdom to accelerate its energy transition, enhance the electricity infrastructure, and unlock its vast mining potential. This commitment was reaffirmed during a crucial meeting held on Tuesday, July 22, 2025, at…
In a move set to boost Uganda’s leading business education institution and strengthen the link between academia and industry, Olive Birungi Lumonya, the Deputy Director General of the Uganda Civil Aviation Authority (UCAA), has been appointed Chairperson of the Makerere…
In a landmark decision set to redefine Uganda’s digital and financial landscape, shareholders of MTN Uganda led by Charles Mbire, overwhelmingly approved the structural separation of MTN Mobile Money (U) Limited (MoMo) from MTN Telecom. This strategic move, unveiled at…
Uganda is intensifying its diplomatic efforts to enhance air connectivity and bolster its thriving tourism sector. A high-level Ugandan delegation, led by the Minister of Tourism, Wildlife and Antiquities, Hon. Tom Butime, on Tuesday, July 22, 2025, engaged in a…
In a powerful declaration that will reshape the country’s digital landscape, MTN Uganda has unveiled its strategic evolution from a traditional telecommunications provider to a fully-fledged TechCo. This bold transformation, unveiled by Ibrahim Senyonga, MTN Uganda’s General Manager for Enterprise…
Stanbic Bank Uganda, under the leadership of Kenneth Mumba Kalifungwa as the Chief Executive Officer, has solidified its position as a superpower in the country’s booming financial sector, being crowned Uganda’s Best Bank and Best Investment Bank for 2025 at…
Uganda is intensifying its commitment to transforming its agri-food systems, securing national food security, and elevating rural livelihoods through a bolstered partnership with the Food and Agriculture Organisation (FAO) of the United Nations. In a high-level engagement at State House,…
Despite growing trust, most Ugandan brands remain invisible across Africa. With only 11% of Africa’s most admired brands being African and just 35% of Ugandans buying the local brands they say they trust, the gap between belief and behaviour has…
In a significant move aligning directly with Uganda’s national development agenda and the ‘Tenfold Growth Strategy‘, Stanbic Bank Uganda rolled out a formidable Shs 1 trillion (approximately USD 268 million) to empower Women, Youth, and Farmers (WYF) across the nation.…
In an era where corporate strategy and national economic growth are inextricably linked, the Chief Financial Officer (CFO) has emerged from the shadows of the ledger to become the indispensable co-pilot to the CEO. This critical evolution was powerfully underscored…
Kenya’s coffee sector, globally renowned for its high-quality Arabica beans, is on the verge of a significant transformation with the entry of The Coffee Club, an Australian café giant. The launch of The Coffee Club in Nairobi, marking its first…
In an economy poised for exponential growth, from its current US$63 billion to an ambitious US$500 billion within 15 years, under the ‘Tenfold Growth Strategy’, the role of the Chief Financial Officer (CFO) has transcended traditional stewardship to become the…
East African Breweries Limited (EABL), a powerhouse in the region’s beverage industry, is undergoing a significant leadership reshuffle, signalling a strategic realignment for its future growth in East Africa. The changes, particularly the appointment of Felicite Nson as the new…
In an era where boardrooms are expected to reflect the boldness of the times, Centum Investment Company Plc has made a striking statement; it’s not just about the money, but about leadership that builds nations. This week, Centum, the Nairobi-listed…
Absa Bank Uganda is redefining what leadership looks like at the board level, with the appointment of two strategic heavyweights, Gloria Evelyn Byamugisha and Hassan Saleh, as Non-Executive Directors. This isn’t just routine board renewal. It’s a signal that Absa…
As Uganda Airlines Flight UR111 touched down from London Gatwick at Entebbe International Airport this week, it carried more than just passengers. On the flight deck, First Officer Vanita Kayiwa, a name synonymous with quiet strength and groundbreaking achievement, embodies…
Uganda is charting an ambitious course to dramatically transform its economy, targeting a tenfold increase from its current US$63 billion to a staggering US$500 billion within the next 15 years. This monumental leap, however, demands a fundamental shift in how…
Uganda’s tourism sector is soaring to new heights, driving a significant surge in passenger traffic at Entebbe International Airport (EIA) and forging groundbreaking international partnerships. At a time when the Uganda Civil Aviation Authority (UCAA) is reporting an increase in…
For decades, the Uganda Civil Aviation Authority (UCAA), under the leadership of Fred Bamwesigye as the Director General, stood as a symbol of national pride, driving remarkable growth in regional aviation. It spearheaded record passenger numbers, modernised infrastructure, and cemented…
The Government of Uganda today handed over a fleet of brand-new vehicles to cultural leaders as a way of bolstering its strategic alliance with traditional institutions. This unprecedented ceremony, presided over by a high-ranking government official representing President Yoweri Kaguta…
Uganda’s ambitious ‘Tenfold Growth Strategy’ received a huge boost after the government announced the release of the first tranche of Shs170 billion from the World Bank, earmarked to revolutionise the country’s manufacturing and export value chains through the newly operationalised INVITE…
Centenary Bank on Tuesday, July 15, 2025, launched its Interswitch Quickteller Agent Service, in a landmark move set to redefine financial accessibility across Uganda. This strategic partnership, unveiled at a high-profile ceremony at the Centenary Bank headquarters in Kampala, marks…
Uganda’s promising oil and gas sector is urging its local businesses to unite and innovate through joint ventures, recognising this as a critical strategy to unlock their full potential and secure lucrative contracts in the highly competitive industry. This call…
In a strategic move poised to significantly sharpen its competitive edge and expand market footprint within Uganda’s banking sector, Bank of Baroda Uganda has announced the appointment of Mr. Deepak Kumar Mishra as its new Executive Director to the Board,…
Africa’s agricultural sector stands at a pivotal juncture, recognised not merely as a cornerstone of its economies but as the central engine for future prosperity. This was the resounding message from the recent Africa Unlocked conference in Cape Town, South…
Uganda’s long-anticipated ‘first oil’ production target of 2026 appears increasingly precarious, overshadowed by a complex web of environmental concerns, infrastructural deficits, policy ambiguities, and persistent governance challenges. According to Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda…
In a critical move to bridge the communication gap between government and citizens in this digital age, the Ministry of ICT and National Guidance, in a groundbreaking partnership with DStv Uganda (MultiChoice Uganda), on Friday successfully graduated over 200 Government of…
Uganda is rapidly emerging as a significant regional player in pharmaceutical manufacturing, charting a course to promote healthcare access and capability across East Africa. This was the key message delivered by Hitesh Upreti, Chief Executive Officer of Dei BioPharma, at…
In a strategic move set to directly fuel Uganda’s economic growth and empower its most dynamic demographic, Stanbic Bank Uganda has appointed Brenda Namanda as Manager for Youth and Family Banking. This high-impact appointment is a clear statement of intent,…
Uganda has embarked on a monumental journey towards achieving universal electricity access, launching the Electricity Access Scale-Up Project (EASP) set to bring power to one million new connections across the nation. With significant financial assistance from the World Bank, the…
Today, as Uganda joins the continent in observing the African Anti-Corruption Day 2025, the focus hinges on an important, yet often overlooked, casualty of graft: human dignity. Under the theme, “Promoting Human Dignity in the Fight Against Corruption,” Uganda reflects…
The Uganda Cancer Institute (UCI) has issued a critical national appeal, drawing urgent attention to the escalating burden of oesophageal cancer in the country. The Institute is calling on the public, health professionals, and policymakers to immediately prioritise awareness, early…
In a bid to acknowledge Uganda’s growing innovation landscape, a special delegation from the Uganda Registration Services Bureau (URSB) on Friday conducted an official visit to the DEI BioPharma Ltd medical facility in Matuuga, Wakiso district. The visit underscored a…
MTN MoMo Uganda Limited today unveiled a landmark campaign, ‘The Power to Be More’, signalling a strategic evolution of its platform from a basic money transfer service into a comprehensive digital ecosystem. This initiative is set to redefine financial inclusion…
The Bank of Uganda (BoU) is taking decisive action to integrate climate change into the nation’s financial bedrock. Speaking on Thursday at the Inaugural National Private Sector Engagement Forum on Climate Finance held at the Serena Hotel, Kampala, Dr. Michael…
Kampala is set for a monumental infrastructure overhaul following the signing of a landmark Memorandum of Understanding (MoU) between the Kampala Capital City Authority (KCCA) and Colas UK, a prominent United Kingdom infrastructure development company. This €250 million (approximately Shs1.05…
Uganda’s agricultural sector is undergoing a profound transformation, with innovation driving unprecedented value creation from unexpected sources. During the 13th CPA Economic Forum held this week, the National Agricultural Research Organisation (NARO) turned heads and demonstrated a remarkable leap in…
A significant step towards bolstering Africa’s sustainable energy future was taken today on the sidelines of the AFRICA 2025 Hydropower and Dams Conference in Accra. The Uganda Electricity Generation Company Limited (UEGCL) and Ghana’s Bui Power Authority officially sealed a…
Uganda is intensifying its global outreach to diversify tourism markets and attract crucial foreign investment. In a strategic move, Ms. Juliana Kagwa, the Chief Executive Officer (CEO) of the Uganda Tourism Board (UTB), is currently leading a high-profile government and…
Uganda’s journey to becoming an oil-producing nation is rapidly accelerating, marked by significant progress on the East African Crude Oil Pipeline (EACOP). In a powerful display of regional collaboration and commitment to oversight, the Boards of the Petroleum Authority of…
A high-level Trade and Investment Mission from Mombasa, Kenya, comprising representatives from 12 companies, conducted a pivotal visit to key trade facilitation structures at Entebbe International Airport on Tuesday, July 8, 2025, with the intent to promote intra-East African trade.…
One hundred days ago, the Uganda Electricity Distribution Company Limited (UEDCL) officially took the reins of electricity distribution from Umeme Ltd, ushering in a new era for Uganda’s power sector. This milestone was envisioned as a significant step towards a…
The 13th CPA Economic Forum, hosted by the Institute of Certified Public Accountants of Uganda (ICPAU), has turned into a pivotal gathering for shaping Uganda’s economic trajectory. Far from being just a professional meeting, this three-day Forum, going on at…
Unilever and Equity Bank have unveiled a Distributor Financing Solution worth KES.2.4 billion that is set to redefine supply chain efficiency and accelerate economic growth in East Africa. This initiative is designed to inject vital working capital into Unilever’s extensive…
In a landmark gathering signalling a concerted effort to foster sustainable economic growth alongside emerging oil development, Buliisa District this week hosted its inaugural Agri-Business Forum Program, courtesy of the Petroleum Authority of Uganda (PAU). Held at the Buliisa District…
In a vibrant display of cultural reverence, mutual respect, and shared ambition, MTN Uganda’s CEO, Sylvia Mulinge, and a delegation from the telecommunications giant converged at the majestic Igenge Palace in the heart of Busoga today to visit the Kyabazinga…
Uganda is poised to join the global community in commemorating World Population Day (WPD) on Friday, July 11, 2025, with national celebrations scheduled at Busaana Town Council Grounds in Kayunga District. Under the captivating theme, “Promoting Population Health and Well-being…
In an era of evolving digital consumption, Publicisteastafrica.com is proud to announce the launch of its groundbreaking new product: the Publicist East Africa Webzine. This cutting-edge quarterly digital magazine is set to redefine the media landscape in Uganda and across…
In a nation where agriculture is the backbone of the economy and a significant percentage of the population relies on it for survival, the story of Celestine Suubi and Suubi Agro Company Limited is a powerful testament to how strategic…
The Uganda Securities Exchange (USE) team is set for a strategic boost following the appointment of Dan Tumuramye as a new Director to its Board. His nomination, appointment, and official reception occurred during an Extraordinary Meeting held on Thursday, July…
Uganda is at a crucial juncture in its national identity card renewal exercise. While over 5.3 million citizens have already renewed their National IDs, the National Identification and Registration Authority (NIRA) today issued a pressing call for accelerated action. During…
In a bold and strategic move to significantly amplify its global tourism footprint, the government of Uganda, through the Uganda Tourism Board (UTB), in close collaboration with the Embassy of Uganda in Ankara, has today welcomed a high-profile delegation of…
Stanbic Bank Uganda, under the leadership of Tunde Thorpe, the Executive Head of Business and Commercial Banking, over the weekend donated assorted equipment to Nyantabooma Health Centre III, in Kabarole District. The bank handed over essential medical equipment and 200…
Equity Bank Uganda, a subsidiary of the formidable Equity Bank Group, has announced the appointment of Claver Serumaga as its Executive Director, a strategic move set to accelerate its growth trajectory and deepen its digital footprint, This strategic addition to…
As the world grapples with unprecedented global shocks, escalating trade disruptions, climate impacts, and geopolitical tensions, a call to action has resonated from the heart of Africa. At the 28th Annual Conference on Global Economic Analysis in Kigali, Rwanda, Dr.…
The Uganda Civil Aviation Authority (UCAA) has taken a significant leap in elevating the passenger experience at Entebbe International Airport (EIA) with the official launch of the expanded and relocated Karibuni Lounge. This strategic enhancement, a key component of ongoing…
Uganda has registered a triple victory in continental standardisation leadership, signalling a new era of influence for the nation in shaping global and African trade. This comes after the country secured three key roles during the recent elections by the…
Uganda’s digital future isn’t just a vision; it’s actively being built, and MTN Uganda stands at the forefront of this transformation. At the recent Middle East and Africa Digital Transformation Summit held at the Kampala Serena Hotel, Ibrahim Senyonga, MTN…
Stanbic Bank and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have today unveiled a regional partnership aimed at empowering women’s economic development and advancing environmental sustainability across Uganda, Kenya, and Tanzania. This collaboration, dubbed “Promoting Green Businesses and Jobs…
The Uganda Civil Aviation Authority (UCAA) on Tuesday hosted a high-level delegation from the Uganda Police’s Senior Command and Staff College, Bwebajja, at Entebbe International Airport. The visit was specifically designed to provide members of the Uganda Police Force and…
Equity Bank has been named the “Most Admired Financial Services Brand in Kenya” at the Kenyan edition of the Brand Africa Awards 2025. This prestigious accolade, coming shortly after being recognised as Kenya’s Most Valuable Brand by Brand Finance, serves…
The Uganda Investment Authority (UIA) is actively courting investors from the United Arab Emirates (UAE), highlighting lucrative opportunities in key sectors such as agriculture, oil and gas, pharmaceuticals, tourism, and trade. This initiative comes after a delegation from the UAE,…
Tuesday, July 1, 2025, marked a pivotal moment for financial inclusion in Uganda as MTN MoMo announced a partnership with Sanlam Uganda known as Cover by MoMo. This innovative mobile-based insurance platform is set to revolutionise access to protection, making…
As Uganda prepares to commemorate the 103rd International Day of Cooperatives on Saturday, July 5, 2025, in Fort Portal City, the Uganda Cooperative Alliance (UCA) has issued a powerful call to action. Under this year’s global theme, “Cooperatives: Driving Inclusive…
Uganda has officially emerged as Africa’s leading coffee exporter, achieving a remarkable milestone by surpassing Ethiopia with a record 47,606.7 tonnes (equivalent to 793,445 60kg bags) shipped in May 2025, despite the current global price fluctuations. This historic achievement is…
A silent yet profound crisis is unfolding across Uganda and indeed, the globe: millions of people are unable to produce the number of children they desire, not due to a rejection of parenthood, but because of formidable economic and social…
In a powerful gathering that underscored the urgency of global financial reform, Dr. James Mwangi, the Managing Director and CEO of Equity Group, joined a formidable coalition of global financial leaders today at the Financing for Development 4 (FfD4) conference…
In a highly productive session this week, the Uganda Tourism Board (UTB), led by Ms. Juliana Kagwa, the Chief Executive Officer (CEO), engaged with key development partners to strategise on accelerating the growth of Uganda’s promising tourism sector. The discussions,…
The Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, has today officially launched Uganda’s Biofuels Blending Programme (BBP), marking a significant milestone in the country’s energy transition journey. Nankabirwa, who was speaking during a presser at Uganda Media Centre,…
The Bank of Uganda (BoU), under the leadership of Governor Dr. Michael Atingi-Ego, early this week participated in the Treasurers and Insurance Roundtable held in Washington, D.C., USA a pivotal global convening that brought together leading practitioners from the humanitarian…
Stanbic Bank Uganda has again cemented its position at the forefront of environmental stewardship, receiving the much-coveted National Environment Management Authority (NEMA) Sustainability Award in the financial institutions category. This prestigious accolade, presented at a vibrant ceremony held at the…
In a bold move that signals rising confidence in Ugandan leadership, Emmy Hashakimana, a seasoned commercial leader and until recently Head of Sales and Marketing at Uganda Breweries Limited (UBL), has been appointed the new General Manager of Coca-Cola Beverages…
The African Export-Import Bank (Afreximbank), a pivotal institution in financing and promoting intra- and extra-African trade, is poised for a new chapter of leadership. Its shareholders have officially appointed Dr. George Elombi as the Bank’s next President and Chairman of…
The backbone of Uganda’s financial inclusion story, the microfinance sector, took centre stage today at the Annual General Meeting of the Association of Microfinance Institutions of Uganda (AMFIU). The gathering, which brought together key players in the microfinance landscape, including…
Ms. Lucy Nakyobe, the Head of Public Service, has urged Chief Administrative Officers (CAOs) and Town Clerks across Uganda’s local governments to move beyond routine duties and assert their presence through proactive, community-driven leadership. Nakyobe delivered the remarks today during…
Stanbic Bank Uganda under the leadership of its able Chief Executive Officer (CEO), Kenneth Mumba, has invested at least Shs1 trillion in various initiatives in a bid to drive Uganda’s socio-economic transformation, mirroring the government’s efforts to fight poverty in…
President Yoweri Kaguta Museveni has rejected a request by Rwandan settlers, also known as ‘Bavandimwe’, to be recognised and registered as Ugandan citizens with dual nationality, in a move that reiterates Uganda’s stance on national identity. The President made his…
The Uganda Communications Commission (UCC) on Thursday convened a crucial Digital Financial Services Workshop in Kampala, bringing together a formidable alliance of telecom companies, banks, law enforcement, and key regulatory bodies to forge a united front against the crime. Julianne…
Ms. Nancy Owino Amuge, the Manager of Finance at the Uganda Civil Aviation Authority (UCAA), has been elected as a member of the Governing Council of the Institute of Certified Public Accountants of Uganda (ICPAU), in a move aimed at…
Uganda is firmly positioning itself at the forefront of ethical Artificial Intelligence (AI) development, demonstrating a strong commitment to harnessing this transformative technology for the promotion of human dignity, inclusion, and shared prosperity. This week, at the 3rd UNESCO Global…
The Ministry of Local Government, in collaboration with the Ministry of Agriculture, Animal Industry and Fisheries, has launched a 16.9-kilometre community access road in Otuke District under the National Oilseeds Project (NOSP). The road, which connects Ogor village to Okore…
Uganda’s flourishing oil and gas sector, with its projection of first oil production by June 2026, is not just about extracting resources; it’s about driving the nation’s broader socio-economic transformation agenda. At the forefront of ensuring that this vision becomes…
The Ministry of Works and Transport, under the leadership of General Katumba Wamala, is set to evict car bonds along the Jinja-Kampala highway, in a move to reclaim critical public infrastructure and enhance urban safety. The move, driven by persistent…
The Uganda Agrifood Systems Investment and Financing Conference, held June 25-26, 2025, at the Kampala Serena Hotel, underscored a vital fact: achieving food security and driving economic growth in Africa is inextricably linked to the full inclusion of women. During…
Officiated by the Minister for Energy and Mineral Development, Hon. Ruth Nankabirwa, the summit is highlighting the critical role of smart innovation and sustainable energy in achieving the continent’s ambitious growth agenda. For Uganda, the implications are profound, as the…
In a bid to promote transparency and legal certainty within Uganda’s commercial justice system, the Uganda Registration Services Bureau (URSB) on Wednesday, June 25, 2025, launched its inaugural Case Digest, marking a significant milestone in Uganda’s business landscape. The launch…
As leaders from across sectors converge at the 2025 Middle East and Africa Digital Transformation Summit in Kampala, one undeniable force takes centre stage: the transformative power of digital inclusion, particularly through mobile money. The summit, officially opened today at…
In a move to drive sustainable development and the promotion of clean energy, Kiira Motors Corporation (KMC) is set to bolster the Uganda Civil Aviation Authority’s (UCAA) transport fleet with six brand-new Kayoola EV Buses. This initiative underscores Uganda’s commitment…
Pride Bank Limited on Tuesday, June 24th, 2025, during a function held at its head offices in Bukoto, Kampala, announced its monumental evolution from a microfinance deposit-taking institution (MDI) into a full-fledged commercial bank. This upgrade, coupled with the launch…
In a critical display of regional cooperation and strategic foresight, the Uganda National Oil Company (UNOC) and Kenya Pipeline Company Limited (KPC) on Tuesday convened a vital meeting with Oil Marketing Companies (OMCs) in Kampala. This gathering, held at the…
The government of Uganda, through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF), is charting an ambitious course towards a resilient and prosperous future, with its vital AgriFood sector at the helm. This is the key discussion at the two-day…
In a move set to significantly bolster Uganda’s economic landscape, Ecobank Uganda has proudly relaunched its Ellevate banking proposition. This isn’t just another financial product; it’s a comprehensive, women-driven initiative designed to go beyond traditional banking, empowering women entrepreneurs and,…
In an era where corporate responsibility is under increasing scrutiny, Simpson Birungi, the visionary Chairman and Managing Director of Movit Group of Companies, offers a compelling perspective on the essence of effective leadership. For Birungi, leadership isn’t merely about driving…
The spotlight of Africa’s energy future is firmly fixed on Kampala as the Uganda Electricity Transmission Company Limited (UETCL) proudly hosts the Africa Electricity Symposium 2025, kicking off tomorrow at the Mestil Hotel. This landmark event, sponsored by UETCL under…
In a critical era defined by escalating climate challenges, proactive measures are more vital than ever. Recognising the urgent need to address environmental degradation in Uganda, Stanbic Bank Uganda has stepped forward by injecting Shs10 million into this year’s Run4Climate Marathon. This…
In this edition of Captains of Industry, Publicist East Africa profiles a bold force behind one of Uganda’s most notable brand reinventions. Annet Nakiyaga, the Head of Marketing and Corporate Communications at I&M Bank Uganda, exemplifies what happens when creativity,…
Uganda’s economic backbone is unequivocally its Small and Medium-sized Enterprises (SMEs). Accounting for a staggering 90% of the country’s private sector and contributing over 75% to its Gross Domestic Product (GDP), these vibrant businesses are the primary engines of job…
Mark your calendars! The prestigious Brand Africa 100 Awards are making their triumphant return to Uganda, setting the stage for an unparalleled celebration of 15 years of brand leadership and transformative impact across the African continent. This isn’t just an…
In the heart of Uganda’s vibrant agricultural landscape, a transformative initiative is taking root, significantly enhancing the well-being of farming communities while solidifying a major industry player’s commitment to local sourcing. Uganda Breweries Limited (UBL), through its ‘Farm for Success’…
Centenary Bank, a cornerstone of Uganda’s financial landscape, has announced impressive financial results for 2024, signalling a robust trajectory of market growth and operational excellence. The bank, under the leadership of Fabian Kasi, the Managing Director, reported a significant 15.2%…
Airtel Uganda today announced a significant financial milestone, paying Shs50.31 billion in dividends to the National Social Security Fund (NSSF), its biggest investor. This substantial payment stems from NSSF’s strategic investment in Airtel Uganda, underscoring a powerful narrative of shared…
The financial landscape in East Africa is evolving at an unprecedented pace, driven by rapid technological advancements and the emergence of agile FinTech companies. As traditional banking institutions grapple with this dynamic environment, a crucial question arises: How can they…
In a powerful testament to the transformative potential of grassroots economic empowerment, President Yoweri Kaguta Museveni this week concluded his Parish Development Model (PDM) Zonal Tours in the Greater Mukono sub-region, including the remote Buvuma Island. His visits highlighted inspiring…
Uganda successfully concluded its role as a pivotal host for the 15th International Federation of Air Traffic Safety Electronics Associations (IFATSEA) Africa Regional Meeting, a monumental event that has firmly placed the nation at the forefront of global aviation innovation…
This week, a significant new chapter opened for Uganda’s dairy sector and its vital role in nationwide socio-economic transformation. On Wednesday, the Permanent Secretary of the Ministry of Local Government, Mr. Ben Kumumanya, officially commissioned the Shs845 million Buwana Milk…
In a move set to invigorate Uganda’s rapidly advancing oil and gas sector, the Petroleum Authority of Uganda (PAU) has proudly announced the appointment of Mr. Steven Enach as its new Director Midstream. This strategic elevation of a seasoned professional…
A landmark moment in the global fight against HIV has been cemented with the U.S. Food and Drug Administration (FDA) approval of lenacapavir, a groundbreaking “super drug” for HIV prevention, after pivotal trials conducted right here in Uganda. This twice-a-year…
Uganda’s burgeoning oil and gas sector is rapidly moving from promise to tangible progress, as evidenced by a landmark five-day benchmarking and learning exchange visit currently underway. The Petroleum Authority of Uganda (PAU), led by Board Chairperson Ms. Lynda Biribonwa,…
Imagine a future where flights are safer, delays are minimised, and the air we travel through is smarter! That future is not a distant dream, but a rapidly approaching reality, as revealed on Day 2 of the 15th IFATSEA Africa…
The Uganda Development Bank (UDB) is being lauded for its pivotal role in driving Uganda’s socio-economic transformation, significantly contributing to the nation’s economic growth and the realisation of the government’s development goals. Through strategic investments in key sectors, such as…
Centenary Bank, under the leadership of Dr. Fabian Kasi, has been recognised for its outstanding contributions to Uganda’s economic growth, receiving two prestigious awards and three certificates of recognition from the Bank of Uganda. This impressive achievement is a testament…
Financial reporting is more than just a regulatory requirement; it’s a powerful tool for institutions to communicate their value and impact to stakeholders. According to Peter Ssenyange, the Chief Financial Officer of PostBank Uganda Ltd, “Financial statements tell you what…
The Annual Sector Performance Review Retreat, held on June 17, 2025, at Mestil Hotel in Kampala, marked a significant milestone in Uganda’s journey towards digital transformation. The retreat, officially opened by the State Minister for Information and Communication Technology (ICT),…
Stanbic Bank is revolutionising the way Ugandans make payments with its innovative FlexiPay solution. To celebrate the convenience and benefits of FlexiPay, the bank has launched a campaign dubbed ‘Flexipay Cashback Xplosion’, which offers instant cashbacks on every purchase made…
The Uganda National Oil Company (UNOC) has taken a significant step towards accelerating the development of the country’s oil and gas sector by engaging with the Acholi Chiefdom. Tony Otoa, the Chief Corporate Officer (CCO) of UNOC, held a stakeholder…
The Petroleum Authority of Uganda (PAU) today formalised a partnership with the Zanzibar Petroleum Regulatory Authority (ZPRA) and the Petroleum Upstream Regulatory Authority (PURA) of Tanzania, through the signing of a tripartite Memorandum of Understanding (MOU). This agreement is set…
Stanbic Bank Uganda has partnered with UNICAF, a leading Pan-African online education platform, to offer up to 82% scholarships to qualifying students pursuing internationally accredited degrees and professional development courses. The partnership will support Stanbic Bank clients pursuing internationally accredited…
The Uganda Civil Aviation Authority (UCAA), in collaboration with the Uganda Air Transport Safety Engineering Association (UGATSEA), is hosting the 15th International Federation of Air Traffic Safety Electronics Associations (IFATSEA) Africa Regional Meeting at the Speke Resort Convention Centre in…
The 15th anniversary of the Brand Africa Awards has brought another exciting moment for the continent, with Absa Bank’s Group Chief Marketing and Corporate Affairs Officer, Sydney Mbhele Nhlanhla, scooping the Best Africa Brand Excellence Leadership Award at the South…
Uganda has taken a significant step towards a tech-driven future with the launch of its first-ever National Science Summit, which is happening at the Kololo Airstrip in Kampala. The event, which was officially opened by Dr. Monica Musenero, the Minister…
Uganda’s Tourism and Investment Roadshow is making significant strides in Turkey, building connections and promoting the country’s unique tourism offerings and investment opportunities. On Day 1, June 16, 2025, a Ugandan delegation consisting of representatives from the Ugandan Embassy in…
FINCA Uganda’s Chief Executive Officer (CEO), Mr. James Onyutta, has marked another year of impactful leadership, driving the organisation towards greater financial inclusion and empowerment. Under his guidance, FINCA Uganda, a microfinance institution, has continued to expand its outreach, particularly…
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, a few days ago unveiled the UGX 72.3 trillion National Budget for FY 2025 According to Anita Badagawa Mpora, a Ugandan energy expert with the Petroleum Authority of Uganda…
Proscovia Nabbanja, the Chief Executive Officer (CEO) of the Uganda National Oil Company Limited (UNOC), today participated in a panel discussion at the Energy Asia summit in Kuala Lumpur, Malaysia, running from June 16th to 18th, 2025. The summit’s theme, “Strategies…
Uganda’s industrial sector has undergone significant transformation over the years, and the impact is being felt across the country. According to Hon. Evelyn Anite, the State Minister of Finance for Investment and Privatisation, the sector has been instrumental in improving…
The Uganda Bankers Association (UBA) has elected Cathy Adengo as the Chairperson of its Sustainability Committee. Adengo, who is also the head of Sustainability at Stanbic Bank Uganda, will lead an executive committee comprising members from prominent banks, including Stanbic…
The Director General of the Uganda Civil Aviation Authority (UCAA), Fred Bamwesigye, has called for a thorough investigation into the crash of Air India Flight AI171, which claimed the lives of at least 240 people on June 12, 2025. Bamwesigye,…
The announcement was made alongside the release of the 2025 edition of the Brand Africa 100 rankings, an annual, independently conducted survey spanning more than 30 African countries and representing more than 85% of the continent’s population and GDP. “It…
Team MTN Uganda, led by Sylvia Mulinge, the Chief Executive Officer (CEO), this week took its flagship staff volunteerism initiative, the 21 Days of YelloCare, to the Alur Kingdom in Pakwach District, demonstrating its commitment to community development and social…
The Uganda Securities Exchange (USE) has warned investors against investing money in Umeme’s shares at a time when the company is reporting losses for the financial year 2023 A statement issued by the USE regarding this matter reads in part,…
The Republic of Rwanda, under the leadership of President Paul Kagame, has quit the Economic Community of Central African States (ECCAS), according to sources in Kigali. The ECCAS exit was announced by Olivier J.P. Nduhungirehe, the Rwandan Minister of Foreign…
Uganda’s coffee industry is poised for significant growth with the launch of its third Connect Hub in Serbia. The hub, located in Zajecar, will facilitate trade logistics, promote value-added Ugandan products, and strengthen diplomatic and economic ties between Uganda and…
The digitisation of the Parish Development Model (PDM) fund is a significant step towards enhancing economic growth and development in Uganda. This revelation was made today by Hon. Matia Kasaija, the Minister for Finance, Planning and Economic Development, as he…
According to the latest Brand Finance Kenya 2025 Report, Britam, under the leadership of James Mbithi, has once again proven its market leadership in Kenya, retaining its position as the third strongest brand in the country, with a Brand Strength…
The 4th Annual Labour and Employment Law Conference held recently at Msetil Hotel, in Kampala, provided a platform for industry leaders to discuss crucial topics, including sustainability. Andrew Kilonzo, the Managing Director, Uganda Breweries Limited (UBL), revealed during the conference…
The East African Crude Oil Pipeline (EACOP) Limited on Wednesday, June 11, 2025, unveiled the EACOP Community Road Safety Project at Hotel Africana, Kampala, which is a significant initiative that will fast-track Uganda’s oil and gas sector. In partnership with…
The Coca-Cola Beverages Africa (CCBA) Chief Executive Officer (CEO), Sunil Gupta, this week visited Uganda, accompanied by members of the Executive Leadership Team (ELT). He was accompanied by Chief Operating Officer, Gavin Hudson, Chief People and Culture Officer, Natasa Prodanovic,…
Uganda’s youth are rewriting the rules of work and now, with Yinvesta, they can rewrite the rules of money too. The hustle is real. Across Kampala and beyond, Uganda’s Gen Zs are redefining the workday. From content creators monetising their…
The NCBA Golf Series 2025 officially teed off in Uganda this week, marking the beginning of an exciting journey to discover new talent, foster community growth, and promote regional connections. This year’s tournament series promises to be bigger and better,…
The Nation Media Group (NMG) has appointed Joseph Muganda as its new Board Chairman, taking over from Dr. Wilfred Kiboro, and he is bringing a wealth of leadership experience to the role. With over 30 years of experience in top…
The Uganda National Traders Alliance (UNATA) has raised concerns about the growing frustrations faced by traders importing goods through Entebbe International Airport. This was revealed today during a meeting between UNATA and airport transporters to discuss the growing frustrations over…
MTN Uganda, under the leadership of Sylvia Mulinge, the Chief Executive Officer (CEO), has announced plans to structurally separate its mobile money and financial technology business, MTN MoMo, from its core telecommunications operations. This move, according to the company’s Board…
The management and staff of Stanbic Bank Uganda this week bid a proud and heartfelt farewell to Ms. Eva Grace Kavuma, who officially retired from the Board of Directors on May 28, 2025, after nine remarkable years of steadfast leadership…
The Bank of Uganda’s Petroleum Fund Management team, accompanied by senior management from operations and finance, conducted a tour of the Tilenga Project Area over the weekend. The visit, which was steered by a team from the Petroleum Authority of…
In a bid to fast-track the growth of Uganda’s tourism industry, the Uganda Tourism Association (UTA) has engaged in a marketing partnership with Uganda Airlines. The partnership came to light following a strategic meeting held a few days ago between…
The appointment of Allen Kagina as the chairperson of the Technical, Vocational Education and Training (TVET) council is a significant milestone in the development of Uganda’s education sector. Kagina, formerly the Executive Director of the Uganda National Roads Authority (UNRA),…
Uganda’s young robotics innovators returned home over the weekend in triumph after excelling at the 2025 VEX World Robotics Championship, where they competed against more than 800 teams from around the world. The team left the country on May 02,…
The agricultural sector is a vital component of Uganda’s economy, providing livelihoods for millions of people and contributing significantly to the country’s GDP. According to the State of the Nation Address (SoNA) 2025, presented by President Yoweri Kaguta Museveni last…
PostBank Uganda’s attainment of Tier One status is a significant milestone that reflects the bank’s strong performance and commitment to serving its customers. This achievement not only demonstrates the bank’s financial stability but also enhances its competitiveness in the market.…
Post-harvest losses are a significant challenge facing the agricultural sector in Uganda and, largely, Sub-Saharan Africa, with over 37% of food produced lost between production and consumption, according to a report from the Food and Agriculture Organisation (FAO) of the…
In a significant move to promote sustainable finance and green growth, aBi Finance, headed by Mona Muguma Ssebuliba as the Chief Executive Officer, successfully conducted a nationwide Environmental, Social, and Governance (ESG) training series for Tier 4 financial institutions and…
The rope-pulling between the Government of Uganda and Umeme is not about to end; the latest twist in the saga is that Umeme now demands USD 292M (approximately Shs1,062,885,840,000) as the total claim for its buyout. It should be noted…
Stanbic Bank, through its business development initiative, the Stanbic Business Incubator, headed by Catherine A. Poran, as Chief Executive, has partnered with the German development agency GIZ to empower women investing in Green Agribusiness. The partnership, which is part of…
Jumia, Africa’s most ambitious e-commerce experiment, is at a crossroads because of the unstable African E-Commerce landscape. According to Farouk Mark Mukiibi, a Retail Brands Strategist and Marketer, following a major investor exit, where Baillie Gifford offloaded a USD18 million…
In a significant move to drive economic growth and empower manufacturers, the Uganda Manufacturers Association (UMA) and the Uganda Electricity Distribution Company Limited (UEDCL) have embarked on a collaborative effort to improve service delivery and support manufacturers in Uganda. On…
As Uganda prepares to celebrate Eid Adha on June 6, 2025, the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has rolled out strict directives to ensure that meat sold across the country is safe for human consumption. The directives,…
During the inaugural ceremony of this year’s Brand Africa 100 awards in Addis Ababa, Ethiopia, Standard Bank Group emerged as the Most Admired Financial Services Brand in Africa! The announcement was made by Thebe Ikalafeng, the Founder of Brand Africa,…
The power of collaboration and innovation was resonant at the MTN MoMo API Innovations Workshop, which was held today at the Golden Tulip Hotel in Kampala. The event brought together developers, innovators, and industry experts to explore the potential of…
Dfcu Bank has taken a significant step towards driving economic growth and transformation in Uganda with the launch of the dfcu Foundation. The Foundation, which was first established in 2017 as the Agribusiness Development Centre, has transitioned into a full-fledged…
Uganda’s energy sector, just like most African countries, is poised for growth, and public-private partnerships (PPPs) are playing a crucial role in driving this development. However, according to Brian Tahinduka, Stanbic Bank’s Executive Head: Energy, Infrastructure and Mining, collaboration is the…
The Executive Director of the Petroleum Authority of Uganda (PAU), Mr. Ernest Rubondo, has been awarded the prestigious SPE Africa Regional Director Special Award for his exceptional contributions to the Society of Petroleum Engineers (SPE) and the advancement of the…
The African Development Bank Group has a new president, Dr. Sidi Ould Tah, who was elected by the Bank’s Board of Governors on May 29, 2025. Dr. Tah will assume office on September 1, 2025, for a five-year term, succeeding…
Uganda’s thriving dairy industry is celebrating a momentous breakthrough, poised for an extraordinary transformation following Algeria’s pivotal decision to import Ugandan milk. This landmark development signals a new chapter of prosperity and growth for a sector vital to the nation’s…
Proscovia Nabbanja, the Chief Executive Officer (CEO) of the Uganda National Oil Company (UNOC), has been recognised for her outstanding leadership and contributions to the energy sector. She has been awarded the African Woman in Energy Trailblazer Award at the…
The International Civil Aviation Organisation (ICAO) AFI (Africa-India Ocean) Week, currently underway at Victoria Falls, in Zimbabwe, has sparked a lively discussion on sustainability in the aviation industry. A panel on Sustainable Aviation Fuel (SAF) Feasibility and Business Implementation Studies,…
The Financial Alliance for Women Annual Summit 2025 officially kicked off in Kigali, Rwanda, on Wednesday, May 28, 2025 and is set to be concluded today. The summit, at which the First Lady of Rwanda, H.E. Jeannette Kagame, was the…
A recent report by Euromonitor International and the Uganda Alcohol Industry Association (UAIA) has highlighted the alarming issue of illicit alcohol in Uganda, which now accounts for 67% of the country’s total alcohol consumption. This was revealed during the launch…
A Paris court held a crucial hearing this week in a campaigner’s bid for accountability from French energy multinational TotalEnergies over its contentious oil project in Uganda. The East African Crude Oil Pipeline (EACOP) project, which is under the leadership…
As the world marks Menstrual Hygiene Day on May 28, Ecobank Uganda is taking significant strides to address period poverty and promote girls’ education. The bank has been actively supporting the Keep a Girl in School (KAGIS) initiative in partnership…
The Uganda Electricity Distribution Company Limited (UEDCL), the entity that took over from Umeme in April this year as the national power supplier, has reaffirmed its commitment to expanding electricity access across the country. This was revealed during a stakeholder…
Castle Placement LLC, a premier private capital investment bank, has been mandated to raise US$5 billion (about Shs18.2 trillion) for 1Stock Limited, an investment management company registered in Uganda. The funding will be used to support large-scale infrastructure developments across…
The Uganda Bankers’ Association (UBA) has officially inaugurated the UBA Agro-Industrialisation, Tourism, Mineral development, and Science (ATMS) Technical Working Group, with Stanbic Bank’s Executive Director and Head of Corporate and Investment Banking, Mr. Paul Bitature Muganwa, at the helm as…
The National Agricultural Research Organisation (NARO) has made a groundbreaking achievement in the development of a new anti-tick vaccine, NAROVAC, which is set to revolutionise livestock farming in Uganda. The vaccine, developed by the National Livestock Resources Research Institute (NaLIRRI),…
The Uganda Civil Aviation Authority (UCAA) has signed a Management Service Agreement (MSA) with the International Civil Aviation Organisation (ICAO) to launch a partnership focused on evaluating UCAA’s training needs and developing a training plan for the 2026-2028 period. This…
As the world grapples with the challenges of poverty and unemployment, a distinguished Agripreneur and Presidential Adviser on value addition, Dr. Hillary Emma Musoke, is calling on youths to leverage on agriculture to break the chains of generational poverty. According…
Uganda’s aspirations to become an oil-producing nation have long been in the making. With the discovery of commercial oil reserves in the Albertine Graben nearly two decades ago, the country embarked on a journey towards energy self-sufficiency and economic independence.…
In a significant move, Union Investment, one of the world’s top 20 global investors, has decided to remove TotalEnergies from its sustainable investment funds. This decision follows serious allegations related to human rights abuses linked to TotalEnergies’ East African Crude…
The Ministry of ICT and National Guidance, in partnership with the Japan International Cooperation Agency (JICA), has launched a Business Matching Platform, known as BizLink, to connect Ugandan ICT professionals and companies with international counterparts. This platform is designed to…
The Kenya Commercial Bank (KCB) Uganda has taken a significant step in supporting the growth and resilience of Uganda’s energy industry by unveiling two new products specifically designed for the oil and gas sector. The products, launched during the KCB…
In a significant milestone for Uganda and African women, Dr. Patricia Ojangole, the Managing Director of Uganda Development Bank (UDB), has been appointed Chairperson of the Association of African Development Finance Institutions (AADFI). This appointment is a testament to Dr.…
I write this with a heavy heart; one that aches not only as a mother but as a Ugandan deeply concerned for the soul of our nation. The Ugandan Ministry of Education and Sports last week banned extravagant school activities,…
Uganda Airlines is set to benefit significantly from a new partnership with the Nigerian government, UNDP (United Nations Development Programme) Nigeria, and Nigerian Airlines, after it launched a dedicated Nigeria-East and Southern Africa cargo route. This partnership, which was unveiled…
The Bank of Uganda (BOU) has unveiled its Strategic Plan 2022-2027, aimed at promoting macroeconomic stability, financial sector development, and sustainable, people-centred growth. According to Prof. Augustus Nuwagaba, the Deputy Governor of BOU, the Bank’s role goes beyond monetary policy…
In today’s connected world, having access to a smartphone is no longer a luxury but a necessity. However, according to Sylvia Mulinge, the Chief Executive Officer (CEO), MTN Uganda, access to a smartphone without the ability to use it is…
Key stakeholders from civil society, government, and the oil and gas sector have pledged to deepen cooperation and foster mutual understanding to advance best practices in business and human rights in Uganda’s extractive industry. The commitment was reaffirmed during the…
The launch of the 2025 Brand Africa 100 Awards marks a significant milestone in Africa’s journey to reshape its global image, elevating its economic power and cultural vibrancy on the world stage. Held at the historic Africa Hall, in Addis…
When a bank finances medicine for the sick, power for a nation, and the dreams of entrepreneurs, it does more than grow its loan book, it secures a stake in the future of its country. In recent weeks, Stanbic Bank…
The symposium, themed “Contemporary Local, Regional, and Global Trends in the Agrochemical Industry,” brought together over 200 delegates from various stakeholders, including industry leaders, government officials, development partners, academia, civil society, and the media fraternity. According to Agnes Mbabazi, the…
The Uganda Development Bank (UDB) has signed a USD 30 million (about Shs109,412,100,000) line of credit agreement with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group. The agreement…
MTN Uganda has reaffirmed its commitment to accelerating Uganda’s digital transformation through strategic partnerships and technological innovation. The company, in partnership with the Ministry of ICT & National Guidance, hosted the MTN ICT Government Round Table at the Sheraton Kampala…
Uganda and China have signed a Memorandum of Understanding (MoU) to enhance technical exchange and collaboration on dam safety. The partnership was signed on the sidelines of the International Commission on Large Dams (ICOLD 2025) conference in Chengdu, China, between…
The Bank of Uganda has issued a stern warning to the public against using their National IDs as collateral for moneylenders. This warning was made during the Bank of Uganda Town Halls, a community outreach campaign aimed at fostering capacity…
The Uganda Civil Aviation Authority (UCCA), has taken a significant step towards enhancing aviation safety and protecting the country’s wildlife and tourism sector by constituting the National Committee on Wildlife Hazard Management. This committee, chaired by Mr. Fred Bamwesigye, the…
The ICT Government Round Table, hosted by the Ministry of ICT and National Guidance, in partnership with MTN Uganda, was held today at the Sheraton Kampala Hotel. This high-level engagement brought together stakeholders to discuss and shape the country’s digital…
Dr. Akinwumi Adesina, the African Development Bank President, has warned of economic shockwaves from the new US tariffs, which could have far-reaching consequences for African countries. Speaking to CNN’s Christiane Amanpour, Dr. Adesina revealed that 47 of Africa’s 54 countries…
Safaricom’s M-PESA has launched a new set of business solutions designed to empower Kenya’s Micro, Small, and Medium-sized Enterprises (MSMEs). This move is a significant boost to the country’s economy, as MSMEs contribute 40% to Kenya’s GDP and account for…
The Uganda National Oil Company (UNOC) is set to showcase the country’s oil investment prospects at the African Energy Week (AEW) 2025, a premier energy investment event. UNOC’s CEO, Proscovia Nabbanja, will highlight the opportunities available in Uganda’s oil and…
In a landmark move that reaffirms Uganda’s pharmaceutical self-sufficiency and regional health leadership, Quality Chemical Industries Limited (QCIL) has secured a USD36M ( about Shs131 billion) facility from Stanbic Bank Uganda. The financing will support the construction of a new…
A recent scandal involving a Ksh1.5 billion M-Pesa scam has led to the dismissal of 200 employees at Equity Bank in Kenya, which is one of the biggest cleanups in the Bank’s history. Sources at the Bank revealed to the…
MTN Uganda has today extended its continued support to the Anglican Church by donating Shs10,000,000 to the Northern Cluster, which is leading this year’s Anglican Martyrs Day celebrations. The symbolic handover ceremony was held on Wednesday morning in Arua and…
The Uganda Tourism Board (UTB) has a new Chief Executive Officer (CEO), Juliana Kagwa, who was appointed today to lead the organisation that’s key at promoting Uganda’s tourism sector. Her appointment was confirmed by the Ministry of Tourism, Wildlife and…
In a significant move that will give the company great competitive advantage, Uganda Breweries Limited (UBL) today signed a 5-year MoU with the Ministry of Foreign Affairs (MoFA), to supply Ugandan Missions abroad with Uganda’s iconic gin, Uganda Waragi and…
The Uganda Bankers’ Association (UBA) has appointed Mr. Wilbrod Owor,its Executive Director, as the Secretary for its Central Executive Committee, for a one-year term, spanning from 2025 to 2026. This appointment to the UBA Central Executive Committee (CEC) is a…
The Parish Development Model (PDM) is a poverty alleviation project that has been transforming lives and empowering communities in Uganda ever since it was launched by the government in 2022. As part of this wealth creation tour in Greater Luwero…
Uganda Airlines launched direct flights from Uganda to the United Kingdom early this week, marking a significant milestone in the national carrier’s resurgence. The inaugural flight touched down at London Gatwick Airport on May 18th, 2025, and the Airline will…
The agricultural sector is the backbone of Uganda’s economy, providing livelihoods for millions of people. However, the industry is facing a significant threat from counterfeit agro-inputs, which can have devastating consequences for farmers, the economy, and the country’s food security…
A Ugandan student, Emmanuel Kiyonga, has made a groundbreaking discovery in the field of pharmaceuticals, developing a drug that cures breast cancer. The drug, named Raloxifene Hydrochloride Solvate-Hydrate, is the first patent secured by the university. Kiyonga, a pharmacy graduate…
The International Commission on Large Dams (ICOLD) has elected Dr. Eng. Harrison E. Mutikanga, the Chief Executive Officer (CEO) of the Uganda Electricity Generation Company Limited (UEGCL), as Vice President for Africa. Dr. Mutikanga was elected to the position of…
The visit of the National Drug Authority (NDA) to DEI Biopharma Limited’s facility today marks a significant milestone in not only Uganda’s but also Africa’s pharmaceutical industry. This event, according to Dr. Mathias Magoola, the founder and Managing Director of…
Kampala’s skyline is undergoing a significant transformation, driven by the vision and expertise of real estate developers like Ashaba Ainea. As the Executive Director of SMS Construction Limited Uganda, Ashaba is behind some of the city’s most iconic projects, including…
Bharat Thakrar, founding CEO of WPP-Scangroup, whose leadership helped shape East Africa’s marketing and communications landscape. His recent return signals a bold new chapter in the industry. In the fiercely competitive world of advertising and communications, leadership is often tested…
MTN Uganda has reappointed Ms. Karabo Nondumo and Dr. Winnie Tarinyebwa Kiryabwire as Non-Executive Directors, demonstrating the company’s commitment to maintaining strong leadership and governance. This move is expected to further enhance MTN Uganda’s competitive advantage and market leadership in…
In a bid to improve yields for maize farmers in the country, Bukoola Chemical Industries Ltd has launched MetrazinGold, a next-generation herbicide designed to help Ugandan maize farmers manage weeds more effectively. MetrazinGold is a powerful new herbicide formulated with…
The Uganda Civil Aviation Authority (UCCA), which is headed by Fred Bamwesigye as Director General, has issued guidelines for travellers ahead of the Hajj season, which is expected to attract a large number of pilgrims travelling to Mecca via Entebbe…
The pharmaceutical industry in Uganda is poised for a significant global impact after the U.S. Food and Drug Administration (FDA) accepted an application from Dei BioPharma for the review of its Abbreviated New Drug Application (ANDA) for liraglutide, a treatment…
The Petroleum Authority of Uganda (PAU) is teaming up with Stanbic Bank, collaborating with the Stanbic Business Incubator (SBI) on several enterprise development initiatives, aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) in the oil and gas sector. One…
The Stanbic Business Incubator, a subsidiary of Stanbic Uganda Holdings Limited (SUHL), has graduated 48 entrepreneurs after several months of rigorous training, mentorship, and coaching. The incubator was launched in April last year, offering two programs: the Stanbic Accelerator Programme…
The Uganda Communications Commission (UCC) has sounded the alarm on the growing menace of vandalism targeting critical telecom infrastructure across the country. In collaboration with leading telecom operators MTN Uganda, Airtel Uganda, and ATC Uganda Office, the UCC has launched…
Mr. Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda (PAU), has been honoured among the top five individuals making a Distinguished Individual Contribution to Africa’s energy industry at the prestigious 2025 Big Five Board Awards. This recognition,…
The Uganda Civil Aviation Authority (UCAA) has achieved a significant milestone with the appointment of its Director General, Mr. Fred K. Bamwesigye, to the Civil Air Navigation Services Organisation (CANSO) Global Executive Committee, as a Member at Large. This appointment,…
In an era defined by rapid digital transformation and increasing public scrutiny, the power of effective communication has never been more critical for the banking sector. This pressing need has been squarely addressed by the Uganda Bankers Association (UBA), which…
MTN Uganda, in partnership with the Tooro Kingdom, on Thursday May 15, 2025, launched the fourth edition of the prestigious MTN Kabode Tooro Kingdom Amasaza Tournament at Muchwa, with this year’s edition expanding to include both football and netball competitions…
The Uganda Tourism Board (UTB) has officially launched the National Marketing Strategy for Uganda’s Tourism Sector, a comprehensive framework designed to promote and position Destination Uganda on the global stage. This initiative, code-named the Uganda National Destination Marketing Strategy 2024/25-2028/29,…
Uganda’s Minister of Science, Technology, and Innovation (STI), Dr. Monica Musenero Masanza, has unveiled the government’s ambitious National Science, Technology, and Innovation (NSTI) strategy, which is aimed at driving economic transformation. The strategy, which Dr. Musenero unveiled today during the…
Uganda’s global innovation ranking currently stands at 121st out of 133 economies, a position that has raised concerns among stakeholders. However, Ms. Nabatanzi Miriam, Commissioner of Copyright and Neighbouring Rights at the Uganda Registration Services Bureau (URSB), expressed optimism about…
The construction of Uganda’s oil refinery is set to be a game-changer for the country’s economy, with a macro-economic study by Stanbic Bank revealing that it will add over US$3.3 billion (about Shs 12.53 trillion) to the country’s gross domestic…
The agricultural sector is the backbone of Uganda and many African economies, providing livelihoods for millions of people. However, according to experts, the industry is facing a significant threat from counterfeit agrochemicals and fertilisers. During the Crop Life Uganda Symposium…
Stanbic Business Incubator Limited (SBIL), a subsidiary of Stanbic Uganda Holdings Limited (SUHL), under the management of Ms. Catherine Poran as Chief Executive, will conduct a graduation ceremony for the 2024 cohort of SMEs under two capacity building programs; Stanbic…
In a landmark partnership, Stanbic Bank and the Government of Uganda have joined forces to unveil the Stanbic Women, Youth, and Farmers (WYF) agenda, a groundbreaking initiative to transform the lives of millions of Ugandans and accelerate economic growth. The…
Uganda has taken a significant step towards strengthening air connectivity and cooperation with Latvia by signing a Bilateral Air Services Agreement (BASA), signed on May 12, 2025. The agreement was signed by the Minister of Foreign Affairs, Hon. Jeje Odong…
President Yoweri Kaguta Museveni, in a surprising departure from his usual rhetoric, has stressed that Uganda’s true path to economic liberation lies in technology, skills, and practical education, not politics. Museveni made the remarks during his regional tour on the…
Uganda has been named among the fastest-growing economies in Africa by the African Development Bank Group (AfDB). According to the latest statistics from AfDB, with a growth rate of 7.2%, Uganda is ranked third on the continent, driven by the…
The Minister of State for Animal Husbandry, Hon. (Rtd). Lt. Col. Bright Rwamirama, has emphasised the importance of financial institutions in unlocking Uganda’s agricultural potential. Speaking at the Stanbic Consumer Thought Leadership Conference, held at the Kampala Serena Conference Centre…
The Dubai Fintech Summit, held this week, brought together industry leaders to discuss the future of finance and technology in Africa and the United Arab Emirates. One of the key takeaways from the summit was the growing importance of Africa…
Coffee is a vital crop for Uganda’s economy, contributing 23% of the country’s Gross Domestic Product (GDP) and employing nearly one in four Ugandans. In light of this, the Uganda Registration Services Bureau (URSB), under the leadership of Mercy Kainobwisho,…
Agriculture is the backbone of Uganda’s economy, employing over 70% of the working population and contributing 24% to the country’s Gross Domestic Product (GDP). However, despite its significant contribution, the sector accounts for less than 4% of the national tax…
Britam Life Assurance has taken a significant step to enhance its market position by signing a retirement benefits agreement with the Northern Corridor Transit and Transport Coordination Authority (NCTTCA). This strategic move marks the rollout of Britam’s retirement solution designed…
NCBA Bank Uganda today hosted a media breakfast at its headquarters on Twed Towers, Kampala, under the theme ‘Unpacking the Brand: NCBA’, during which the bank’s strong performance and strategic innovations were unveiled. The event brought together media partners…
Stanbic Bank Uganda, in partnership with UN Women, recently launched a transformative program aimed at empowering women in the West Nile region. The initiative, part of Stanbic Bank’s flagship program Stanbic for Her, targets both refugee and host communities, providing…
Pride Bank, under the stewardship of Edward Nkangi, the Executive Director, over the weekend held a stakeholder dinner to mark a significant achievement in its journey, celebrating its transformation from a Tier III microfinance institution to a Tier II credit…
A high-level MTN Group delegation, led by Group Chairman Mcebisi Hubert Jonas and Group President and Chief Executive Officer Ralph Mupita, over the weekend visited Uganda’s President, H.E Yoweri Kaguta Museveni, at State House, Entebbe. The meeting, which was alongside…
By Publicist East Africa Editorial Desk Uganda’s fertile soils, favourable climate, and hardworking farmers have earned the country a strong reputation as the ‘food basket of Africa.’ But while our agricultural exports continue to grow in volume, their value remains…
Absa Bank Uganda’s recent launch of the Absa Digi Loan and online account opening platform is a significant step towards achieving the government’s objectives of financial inclusion and economic growth. According to Moses Rutahigwa, the Director, Retail and Business Banking…
By Publicist East Africa Editorial Desk Uganda is richly blessed with agricultural abundance from coffee fields in the hills of Elgon to sugarcane plantations in Kakira, dairy farms in Mbarara, and fish from the depths of Lake Victoria. Yet, for…
A game-changing opportunity has emerged for small and medium-sized enterprises (SMEs) across Sub-Saharan Africa. The TLG Africa Growth Impact Fund II, backed by a USD 10 million commitment, is poised to bridge the critical credit gap for businesses in the…
Angellar Babirye is a Ugandan farmer who is touching the lives of several youth through her start-up known as Lamalo Essentials, an entity from which she is minting money through value addition to agricultural produce. Being one of the icons…
MTN Uganda is set to host the MTN Group Chairpersons’ Forum in Kampala, bringing together high-level delegates from across Africa to discuss the future of connectivity on the continent. As a result of this development, a high-level delegation from MTN…
The East Africa Carbon Markets Forum, held at Méstil Hotel and Residences this week, brought together key stakeholders to discuss the potential of carbon markets in driving climate resilience in agriculture. Mona Muguma Ssebuliba, the Chief Executive Officer (CEO) of…
By Publicist East Africa Editorial Team As Uganda accelerates its journey toward middle-income status, one undeniable truth that stands out is that agriculture remains the backbone of the economy. Yet, the full potential of this sector lies not in subsistence…
The Minister of Agriculture, Animal Industry and Fisheries (MAAIF), Frank Tumwebaze, is set to co-host the Stanbic Consumer Conference scheduled for Tuesday, May 13th, 2025, via Microsoft Teams, starting 7:30AM-1:00PM. Minister Tumwebaze, who will be co-hosting the conference with Paul…
Absa Bank Uganda has announced the appointment of David A. Wandera as its new Managing Director. With over 20 years of banking experience and a strong track record of delivering results, Wandera is exceptionally qualified to lead the bank’s next…
In a significant move to combat money laundering and streamline the flow of foreign currency in Uganda, the Bank of Uganda (BoU), under the leadership of Governor Michael Atingi-Ego, has announced the rollout of a new remittance form for commercial…
Mountains of the Moon University (MMU) has reached a historic academic milestone with the official accreditation of its first Doctor of Philosophy (PhD) programme in Agro-Ecological Sciences. The development was confirmed following the 79th meeting of the National Council for…
In a significant milestone for Uganda’s digital landscape, Bayobab Uganda, an MTN Group company, has unveiled its newest and shortest fibre optic route, the Uganda Railway National Long Distance (NLD), running from Malaba to Kampala. This transformative infrastructure project reinforces…
In the world of robotics, Uganda is making its mark! A team of eight young innovators from Young Engineers Uganda on Tuesday embarked on a journey to the 2025 VEX Robotics World Championship in Dallas, Texas, representing their country with…
In a move set to reshape Uganda’s life insurance landscape, Kenneth Kitariko has been appointed new Chairman of the Board of Directors at Old Mutual Life Assurance Uganda Limited. This appointment marks a pivotal moment in the company’s history, as…
Uganda’s economic growth is poised to receive a significant boost from the acceleration of agro-industrialisation, a strategy that has garnered support from key stakeholders, including Stanbic Bank, plus the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF). As such, this…
Evelyn Anite, the State Minister of Finance for Investment and Privatisation, has revealed that Uganda’s economy is experiencing a remarkable transformation, growing at an impressive rate of 7% and positioning the country as a top investment destination in Africa. According…
This strategic appointment aims to drive development across the Southern African region, leveraging Dr. Mbekeani’s extensive experience in development finance, trade, regional integration, and infrastructure development. Dr. Mbekeani’s Expertise and Experience As a Malawian national with over 25 years of…
The sudden and tragic death of Rajiv Ruparelia, son and heir to tycoon Sudhir Ruparelia, has sent shockwaves through Uganda’s business community. Rajiv perished in the wee hours of Saturday morning in a tragic car crash that saw his car,…
Uganda has won the bid to host the 66th International Federation of Air Traffic Controllers’ Associations (IFATCA) Conference in 2027, marking a significant milestone for the country’s aviation sector. The announcement was made on May 2, 2025, during the closing…
Africa’s economy is experiencing rapid growth, driven in part by the thriving stock exchanges across the continent. This is attributed to the Chief Executives and Managing Directors who are guiding these exchanges by playing a crucial role in shaping Africa’s…
The African Development Bank Group has appointed Ugandan national, Dr. Alex Mubiru, as Director General for East Africa, a strategic move aimed at achieving market expansion in the region. With over 25 years of experience in international development, Dr. Mubiru…
The inclusion of women in Uganda’s oil and gas sector is not just a matter of social justice; it’s also a strategic advantage that can drive economic growth. This was the message delivered by Angella Ambaho, Senior Public Relations Officer…
Music lovers, mark your calendars! This year’s Jazz Festival, set to take place on May 10th, 2025, at Serena Hotel Kampala, promises to be an unforgettable night of smooth jazz, timeless elegance, and high energy. Dfcu Bank and CFAO Motors…
The 10th Energy Convention, themed “Integrating Oil, Gas, and Renewable Energy for a Sustainable Future,” has highlighted several investment opportunities in Uganda’s oil and gas sector. The convention, now in its second day at Serena Hotel Kampala, has brought together…
MTN Rwanda‘s Connect Women in Business (CWiB) campaign has been making waves in the country’s business landscape, empowering women to turn their potential into prosperity and dreams into reality. The 6th edition of the CWiB event held recently was a…
The Uganda National Oil Company (UNOC) is playing a pivotal role in transforming Uganda’s energy landscape, driving economic growth, and improving the lives of Ugandans. According to Proscovia Nabbanja, UNOC’s Chief Executive Officer (CEO), the company has made significant strides…
Over 200 marketing professionals. 50+ leading brands. One powerful conversation. This edition of the CMO Breakfast, hosted by Uganda Marketers Society, did not disappoint. Held under the compelling theme “The Leadership Leap: Positioning Yourself for the Boardroom”, it was a…
In a significant move towards fostering digital inclusion and spurring economic growth, President Yoweri Museveni has given Elon Musk’s Starlink satellite internet service the green light to operate in Uganda. This development is expected to revolutionise the country’s digital landscape,…
Uganda is proudly participating in the Arabian Trade Market (ATM 2025) at the World Trade Centre in Dubai, United Arab Emirates (UAE). The event, officially opened by His Highness Sheikh Ahmed bin Saeed Al Maktoum, provides a platform for Uganda…
The 10th Energy Convention 2025, powered by Stanbic Bank, the Petroleum Authority of Uganda (PAU), and the Uganda National Oil Company (UNOC), has kicked off at Serena Hotel, Kampala. The convention’s theme, “Integrating Oil, Gas, and Renewable Energy for a…
The Uganda Civil Aviation Authority (UCAA) has reaffirmed its commitment to ensuring a safe, secure, and efficient air transport environment in Uganda and across Africa. According to Fred K. Bamwesigye, the Director General of UCAA, the authority is working closely…
Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement…
The global cocoa market is experiencing a significant surge, and Uganda’s cocoa farmers are reaping big from the trend. With local prices reaching Shs25,000 per kilogram, growers are enjoying strong returns on their investments. In 2023, export prices ranged from…
In a rapidly evolving global financial landscape, regulatory vigilance is no longer a choice but a necessity. In Europe, the European Banking Authority (EBA) has taken a critical step forward with the release of its Final Report on the Draft…
The staff and management of MTN Rwanda and MoMo, led by the Chief Executive Officer, Monzer Ali, convened at the Gisozi Genocide Memorial on Monday to pay their respects to the lives lost during the 1994 Genocide against the Tutsi.…
Dr. Barirega Akankwasah, the Executive Director of NEMA, made the call during an engagement with leaders from five cultural institutions in Uganda. The engagement aimed to create a partnership between NEMA and cultural institutions to promote environmental protection and conservation.…
The Uganda Revenue Authority (URA) has banned groupage cargo clearance, citing loss of tax revenue due to fraudulent practices by container leaders. The ban was issued Sunday by the URA Commissioner General, John Musinguzi Rujoki, who said that these unscrupulous…
Airtel Uganda, under the leadership of Soumendra Sahu, the Managing Director, has taken significant strides in promoting digital inclusion across rural Uganda by launching new network sites and upgrading existing ones. This initiative aims to provide faster and clearer connectivity…
Backyard farming, also known as home gardening or urban agriculture, is a growing trend that offers numerous benefits for individuals, communities, and the environment. By cultivating crops or raising livestock in one’s backyard, individuals can produce fresh, nutritious food while…
With the international imperative to prevent cross-border transmission, health workers were rapidly reoriented, thermal scanners were deployed, and screening protocols were enforced at 13 key entry points, especially at Entebbe International Airport Uganda has officially declared the end of the…
The Uganda National Oil Company (UNOC) over the weekend hosted the esteemed Kwagalana Group, led by their chairman, tycoon Godfrey Kirumira, at the Kabalega Industrial Park, marking a significant step towards exploring potential business and partnership opportunities in Uganda’s oil…
We believe adaptation efforts are not just necessary for resilience but are also key to unlocking economic opportunities Uganda’s ascent to co-chairmanship of the Coalition of Finance Ministers for Climate Action marks a significant milestone in its evolving role within…
Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, today announced the appointment of Mrs…
Pioneering Sustainable Finance for Smallholder Farmers and Agribusinesses This week, Publicist East Africa proudly features Mona Muguma Ssebuliba, Chief Executive Officer of aBi Finance Limited, as our Captain of Industry a leader who is proving that financial innovation, when anchored…
Airtel Uganda Managing Director Soumendra Sahu has emphasised the importance of partnerships in shaping Uganda’s digital future. Sahu, who was speaking at the Huawei ICT Congress held at the Four Points by Sheraton Hotel in Kampala, highlighted the power of…
The Uganda Electricity Generation Company Ltd (UEGCL) has sounded the alarm on the potential risks associated with the Isimba Hydro Power Dam, warning that it could collapse at any moment, posing a significant threat to the lives of people living…
The Uganda National Oil Company (UNOC) , led by Proscovia Nabbanja as Chief Executive Officer (CEO), has launched a Menstrual Hygiene Management Program in schools in the Albertine Graben, donating reusable sanitary pads, sewing machines, and other essential materials to…
MTN Group, a leading South African telecom conglomerate, recently made a significant executive reshuffle, swapping the Chief Executives of their franchises in South Sudan and Rwanda. Monzer Ali, who was appointed as CEO of MTN South Sudan in March 2024,…
Airtel Uganda, in partnership with MOGO Uganda and Transsion Holdings, has launched an innovative smartphone financing initiative aimed at making quality smartphones more accessible and affordable to Ugandans across the country. In a bold move to address the persistent “device…
The Ministry of Works and Transport has taken a significant step towards boosting trade and tourism in the Rwenzori region by signing a Memorandum of Understanding (MoU) with China State Engineering Construction Company (CSEC) to upgrade Kasese Airstrip into an…
Uganda is poised to harness its energy resources to drive economic growth and development. The upcoming Energy Convention, scheduled to take place from April 29th to 30th, 2025, at the Kampala Serena Hotel, will bring together stakeholders to discuss the…
Uganda’s State Minister of Finance for Investment and Privatisation, Hon. Evelyn Anite, has emphasised that manufacturing is the quickest vehicle for the country’s economic transformation. During a tour of industries in Jinja City on Wednesday, Minister Anite highlighted the importance…
MTN Group’s appointment of Monzer Ali as the Chief Executive Officer of MTN Rwanda is a strategic move that is expected to boost the company’s market leadership in the Rwandan telecom industry. With his wealth of experience and expertise, Monzer…
In the ever-evolving world of fintech, few names shine brighter than Strive Masiyiwa, the Zimbabwean telecom mogul who has reshaped Africa’s digital financial landscape. But now, Uganda has its leader making waves in the industry: Richard Yego, the visionary Managing…
Kenya’s luxury hospitality sector is experiencing significant growth, spurred by an increasing arrival of international visitors, a stable economy, and a rising middle class The sector is experiencing significant growth, driven by international visitors and a stable economy. Experts at…
Ugandans are set to gain greater control over their water bills and usage, thanks to the upcoming rollout of smart water meters by MTN Uganda. These advanced devices will provide households and businesses with real-time data on water consumption, helping…
Uganda Development Bank (UDB), which is headed by Patricia Ojangole as Managing Director, has introduced the UDB SME Kazi Loan, a tailored financial solution designed to empower small and medium enterprises (SMEs) in Uganda. This loan offers funding of up…
The equipment was delivered today to Mpugwe Health Centre III by a team from Stanbic Bank led by the Chief Executive Officer, Mumba Kenneth Kalifungwa, who hailed the medical personnel at the health facility for the great work they are…
The Bank of Uganda (BoU) has taken a significant step in the fight against financial fraud with the appointment of Dr. Tumubweinee Twinemanzi as Chairman of the Financial Sector Anti-Fraud Consortium. Dr. Twinemanzi is the Executive Director, National Payment Systems…
The Uganda Civil Aviation Authority (CAA) this week organised a one-day workshop at Protea Hotel, Entebbe, bringing together key stakeholders from various industries to discuss avenues to strengthen partnerships and enhance Uganda’s export potential. The event was attended by representatives…
Uganda’s merchandise export earnings witnessed a remarkable upswing in February 2025, climbing by 32.3% compared to the same period the previous year. Data from the Ministry of Finance, Planning and Economic Development‘s March 2025 Performance of the Economy Report reveals…
Being an entrepreneur in Uganda or anywhere else in the world is both rewarding and challenging. While there’s no secret to success, certain characteristics can increase your chances of building a long-lasting and lucrative business. According to experts at Stanbic…
Uganda’s discovery and development of oil resources in the Albertine Graben present a rare opportunity for economic transformation. The oil and gas sector has the potential to drive growth, invest in infrastructure, healthcare, education, and other vital sectors. However, this…
In a bid to revamp the country’s power grid, the government of Uganda is set to invest US$ 100m about Shs370Bn in the Uganda Electricity Distribution Company Limited (UEDCL), which took over from Umeme at the beginning of this month.…
The oil and gas sector is playing a vital role in creating lasting value for communities in Uganda, driving economic growth and transforming lives. According to State Minister for Public Service, Hon. Grace Mary Mugasa, the sector’s impact is evident…
The State Minister for Minerals, Phiona Nyamutooro, over the weekend presided over the handover ceremony of assets of Kilembe Mines Limited to Uganda National Mining Company ( UNMC), Sarai Group and Nile Fireboard Limited, the three entities that are set…
Quality Chemical Industries Limited (QCIL) has appointed Dr. Frances Philomena Namatovu as its new Executive Director. This strategic appointment is expected to further enhance the company’s business operations, leveraging Dr. Namatovu’s extensive experience and expertise in the pharmaceutical industry. QCIL…
A Champion of Integrity, Inclusion, and International Sport Governance This week, Publicist East Africa proudly features Dr. Donald Rukare, the Interim President of Commonwealth Sport, as our Captain of Industry, a testament to his decades-long journey of blending elite athleticism,…
In a move that has sent ripples through the Southern African trade corridors, Tanzania has given South Africa and Malawi an ultimatum over trade restrictions on its agricultural exports. Tanzania’s Agriculture Minister, Hussein Bashe, has demanded that both countries lift…
The Petroleum Authority of Uganda (PAU) today hosted a technical delegation from the Tanzania Petroleum Development Corporation on a benchmarking mission at the Authority’s headquarters in Kampala. This visit is a significant step in strengthening the oil and gas sectors…
The growing trade volume between Uganda and the United Kingdom is a significant development for Uganda Airlines and the country’s economic growth. With direct flights between the two nations via Uganda Airlines, cargo transport will become more efficient, enabling fresh…
In the vibrant city of Kampala, where ambition and opportunity intersect, Catherine Poran has emerged as a transformative leader at the helm of the Stanbic Business Incubator Limited (SBIL). A visionary strategist and dedicated mentor, Catherine has earned her place…
Stanbic Bank Uganda this week signed a Memorandum of Understanding (MoU) with Buganda Kingdom through the Buganda Cultural and Development Foundation (BUCADEF) to promote coffee farming among youth in the kingdom. This strategic partnership, which was signed at Mengo, Bulange…
FOCUS Africa will address key investment challenges and unlock high-impact opportunities across multiple sectors, including agribusiness, technology, infrastructure, logistics, energy, manufacturing, mining, tourism, and the blue economy The African Export-Import Bank (Afreximbank), in collaboration with the Ministry of Planning, Economic…
Uganda Breweries Limited (UBL) has appointed Catherine Twesigye as the new Head of Premium Spirits, a strategic move to increase the company’s market share in the beverages industry. With over a decade of experience in marketing and sales, Twesigye brings…
Apiculture, or beekeeping, has emerged as a highly profitable sector in Uganda, driven by the growing demand for honey and its byproducts. Mountains of the Moon University, in collaboration with Coöperatie Leren voor Morgen and other partners like Caritas Foundation-Kasese…
Sigenergy, a leading energy innovator, has released its 2024 Environmental, Social, and Governance (ESG) Report, highlighting its efforts to combat climate change, advance clean energy technologies, and contribute to a sustainable, low-carbon future. “Sustainability is a core principle guiding Sigenergy’s…
Kenya’s residential market is experiencing remarkable growth across the income spectrum, driven by increasing demand from local buyers, expatriates, and international investors Kenya’s residential market is thriving, driven by rising demand from buyers, expatriates, and international investors. The luxury and…
Ramathan Goobi, the Permanent Secretary of the Ministry of Finance, Economic Planning and Development, has revealed that Uganda Airlines offers numerous opportunities for the local and business community to drive economic growth. During the Uganda-UK Business Forum held at the…
In a bid to drive economic growth and fight poverty in Uganda, Stanbic Bank has partnered with Buganda Kingdom to empower coffee farmers in the Buganda region. This strategic partnership, which also aims at empowering SACCOS, was unveiled on Tuesday,…
Key Financial Highlights Absa Bank Uganda has announced impressive financial results for the year ended December 31, 2024, with profit after tax surging by 22% to Sh178 billion, up from the previous year. The bank’s total revenue grew by 15% to Sh546…
GITEX FUTURE HEALTH AFRICA/Morocco will drive unprecedented impact across Africa, leveraging breakthroughs in technology and AI to enhance quality and access to healthcare During the third annual edition of GITEX AFRICA Morocco, the continent’s largest tech and startup show, His…
The African Development Bank Group has committed $934 million to SAPZs in 11 African countries Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African…
The deployment of MTN Uganda’s SASE Business solution has significantly enhanced Post Bank’s operational efficiency, network reliability and security, as well as customer experience. By leveraging this advanced technology, Post Bank has optimized its connectivity across 2 of its branches,…
GITEX AFRICA Morocco to forge new partnerships and explore new technologies with a broadening impact on Africa’s digital landscape GITEX AFRICA Morocco, the continent’s largest tech and startup show today opened its doors to the biggest players across the local,…
These impressive results highlight Afreximbank’s resilience, systemic relevance and its commitment to delivering on its mandate and the objectives set under its Sixth Strategic Plan African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the…
NIC Holdings Limited (NIC) has officially announced the retirement of its Managing Director, Mr. Bayo Folayan, effective 30th April 2025, marking the end of a distinguished 13-year tenure. The company also revealed the appointment of Mr. Elias Edu as the Acting…
In the spirit of giving and community, MTN MoMo successfully concluded its special Ramadan Remittances Campaign, an initiative designed to reward loyal customers who sent or received money from abroad during the holy month of Ramadan. The campaign underscored the…
A heated dispute has emerged between Umeme Limited and the Ugandan government over the buyout amount following the expiry of Umeme’s 20-year concession in power distribution. The government, through a loan from Stanbic Bank, offered Umeme USD118 million, approximately Shs432…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…
Uganda’s creator economy is rising as a powerful engine for youth empowerment, job creation, and digital innovation. In a country where over 75% of the population is under the age of 30, digital content creation is not just a trend,…
The Ugandan government recently took a significant step towards commercializing its oil and gas sector by signing an implementation agreement with Alpha MBM Investments, a Dubai-based company, to construct a USD$4 billion (about Shs1.4 trillion) oil refinery. The production sharing…
Stanbic Bank, the anchor subsidiary of Stanbic Uganda Holdings Limited (SUHL), hosted an inaugural financial literacy session recently for senior administrators of primary, secondary, and vocational schools in the Kampala Metropolitan Area. The event took place at Hotel Africana, in…
President Yoweri Kaguta Museveni’s new directive banning the exportation of raw minerals from Uganda aims to promote value addition and boost the country’s economy. “If you cannot process minerals from Uganda, leave them alone, and do not export them. Our…
The Eleventh Session of the Africa Regional Forum on Sustainable Development (ARFSD-11) was marked by a vibrant Knowledge Fair and Exhibition jointly organized by the United Nations Agencies, Funds and Programmes and coordinated by the Knowledge Management team of ECA…
In Uganda, health insurance is still something many associate with the privileged few, a luxury service wrapped in paperwork, unfamiliar jargon, and hefty upfront payments. But a quiet shift is taking place. And leading that change is a new partnership…
Uganda is taking bold steps to harness private capital as a driving force for economic transformation. According to Josephine Ossiya Okui, Chief Executive Officer of the Capital Markets Authority (CMA), the country has introduced significant reforms to facilitate private capital,…
A side event at the Eleventh Session of the Africa Regional Forum on Sustainable Development (ARFSD) brought together policymakers, economists, and development experts to address the critical challenges and opportunities facing Africa’s workforce in the context of climate change. Organized…
The National Organic Agricultural Movement of Uganda (NOGAMU) has reaffirmed its commitment to transforming Uganda’s food and agricultural systems by supporting organic producers, empowering women-led enterprises, and driving access to global markets through sustainable and ethical value chains. This commitment…
The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg The Agence française de développement (AFD) has committed an additional €3 million to the African Development…
The Uganda Electricity Distribution Company Limited (UEDCL) has outlined its ambitious plans to promote industrialization and entrepreneurship in Uganda, following its takeover from Umeme Limited. Despite the challenges faced by the company, including power outages and complications with buying and…
Op-Ed by Joseph Kanyamunyu Founder & Publisher, Publicist East Africa | Managing Director, Publics Africa Communications | Uganda Partner, Brand Africa When President Yoweri Kaguta Museveni declared at the ARFSD-11 in Kampala that “no unprocessed mineral leaves Uganda now,” I…
The East African Crude Oil Pipeline (EACOP) project has taken a significant step towards recognizing and safeguarding the land rights of vulnerable ethnic groups self-identifying as indigenous peoples. In collaboration with the Akie community and Kiteto District authorities, EACOP has…
In a landmark regulatory development, Uganda’s Capital Markets Authority (CMA) has been granted new and far-reaching powers that could significantly reshape executive leadership in the country’s capital markets sector. The amendments, recently passed into law, allow the CMA to remove…
The EAPI Summit is East Africa’s premier real estate event, bringing together over 450 global investors, developers, and professionals from the real estate industry Under the theme “Positioning for Opportunity”, Nairobi’s premier real estate event brings global investors and developers together to…
The Ministry of Finance, Planning, and Economic Development has announced the release of funds for the fourth quarter (Q4) of the 2024/25 financial year, alongside a positive outlook on Uganda’s economic performance. The press statement, delivered by Permanent Secretary Ramathan…
Uganda has been voted the Best Investment Destination in East Africa for the third consecutive time at the Annual Investment Meeting (AIM) Congress. This achievement is a testament to the country’s growing attractiveness to investors and the favorable business environment…
Uganda has secured €85 million (approximately UGX 340 billion) in development aid from France to significantly improve both water infrastructure and broader urban development in the Greater Kampala Metropolitan Area (GKMA), Finance Minister Matia Kasaija announced Wednesday. The loans, signed…
The Deputy Speaker of Parliament, Rt. Hon. Thomas Tayebwa has called upon investors and entrepreneurs in Uganda to stop treating insolvency with stigma, saying that this can only be achieved if they create awareness about liquidation. The Deputy Speaker made…
As the Easter season approaches, Flexipay by Stanbic Bank has announced a new promotional campaign offering users the chance to win UGX 500,000 when they receive money from relatives abroad. From April 7 to June 30, 2025, customers using Flexipay’s…
The United Nations Economic Commission for Africa (ECA) Executive Secretary, Mr. Claver Gatete, has emphasized that aid is no longer a viable solution for Africa’s development. Instead, he says the continent needs to adopt bold, transformative actions to drive growth…
AFC’s earnings growth was driven by improved asset yields, prudent cost-of-funds management and sustained traction in advisory mandates Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced its strongest financial performance to date, with total revenue for…
African countries must invest in new and revamp old refineries to secure their energy future, according to Gloria Sebikari, Head of Corporate Affairs at the Uganda Petroleum Authority (PAU). This call to action emphasizes the need for harmonization between the…
In a groundbreaking move to transform the business landscape across Africa, the Afriexim Bank (Africa Export-Import Bank) is poised to unveil the first-ever African Trade Centre (AATC) in Abuja, Nigeria. This state-of-the-art business hub is designed to boost trade, support…
The Uganda Electricity Distribution Company Limited’s (UEDCL) recent 14% reduction in power tariffs has been welcomed throughout the country’s manufacturing sector. Manufacturers welcome the move by the entity under Paul Mwesigwa’s stewardship, which is seen as a significant step towards…
Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the complexities of global resource mobilization The African Development…
The 11th Session of the Africa Regional Forum on Sustainable Development (ARFSD-11) concluded at the Speke Resort Convention Centre in Munyonyo, Kampala, bringing together a powerful coalition of African leaders, policymakers, and development partners. The forum served as a crucial…
The African Union Commission, United Nations Economic Commission for Africa, and the African Development Bank are hosting the 6th Africa Climate Talks in Kampala, Uganda, on April 7-8, 2025. This critical event brings together government representatives, experts, and stakeholders to…
African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank, and the State…
The Uganda Manufacturers Association (UMA) has a new champion at the helm, with renowned businessman Aga Sekalala Jr. taking over as Chairman of the Board. Sekalala’s appointment is set to transform the association and Uganda’s manufacturing landscape. A seasoned entrepreneur…
In a significant move to promote financial inclusion and drive Uganda towards a cashless economy, Housing Finance Bank (HFB) has partnered with Pesapal Uganda. This groundbreaking partnership aims to improve payment solutions, enhance operational efficiency, and create a stronger financial…
The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector The African Development Bank and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost…
Dr. Patricia Ojangole, Managing Director of Uganda Development Bank, has called on African leaders to tap into domestic resources to drive economic growth and reduce reliance on foreign loans. She says this approach can help unlock affordable financing, catalyze public…
Between 2019 and 2022,UK was Uganda’s second largest source of investment after the Netherlands with an average annual foreign direct inflow of USD 685 million and a cumulative stock of USD 3.0 billion by 2023. In a bold move that…
President Yoweri Museveni’s new ban on the exportation of raw materials aims to encourage value addition in Uganda, potentially transforming the agricultural sector. President Museveni issued the Monday April 7, 2025, via the official State House X(Twitter) handle @StateHouseUg with…
In a significant move to enhance digital banking and expand financial access, Ecobank Uganda has entered a strategic partnership with Interswitch Uganda, a leading digital payments and commerce company. This collaboration aims to revolutionize banking convenience, security, and accessibility for individuals and businesses…
As the world edges closer to climate tipping points, Nairobi this week becomes the heartbeat of agricultural innovation and planetary survival. At the inaugural CGIAR Science Week, global science minds are converging with Africa’s leading development voices and East Africa…
Uganda Breweries Limited (UBL) has made a strategic appointment with the hiring of Josephine Njoroge as the new Director of Finance and Strategy. This move is aimed at boosting the company’s revenue and positioning UBL as a market leader in…
In an era where personalized services and exclusivity are becoming the norm, Safaricom PLC has once again raised the bar with the launch of Emerald, a platform designed specifically for their most loyal and high-value customers. But this isn’t just…
Flavia Tumusiime, one of Uganda’s most celebrated media personalities, has made a dynamic return to the Nation Media Group (NMG) Uganda. In a move that has sparked excitement and intrigue across the broadcasting industry, Flavia has been appointed Head of…
By Joseph KanyamunyuDirector, Public Affairs & Government Relations, Publics Africa Communications In February 2024, Uganda crossed a critical threshold. The Financial Action Task Force (FATF), the global authority on combatting illicit finance, removed our country from its grey list a…
A Parliamentary Leader with the Mindset of a Reformer This week, Publicist East Africa is proud to spotlight Rt. Hon. Thomas Tayebwa, the Deputy Speaker of the Parliament of Uganda, as our Captain of Industry, a bold and articulate leader…
The Drone-Based Disaster Management Project will establish a drone training centre in Mozambique to train 30 professionals, including 10 instructors The African Development Bank, the government of Mozambique, and Korea’s government agency Busan Technopark have launched an innovative drone-driven initiative…
Where Academia Meets Action in Development Finance This week, Publicist East Africa proudly spotlights Dr. Patricia Ojangole, Managing Director of the Uganda Development Bank (UDB), as our Captain of Industry a leader whose work sits at the powerful intersection of…
In a bold move that signals both continuity and a strategic shift, Absa Bank Uganda has appointed Keith Kalyegira as its new Board Chairman a decision that industry insiders say could catalyze significant change in Uganda’s banking and financial services…
Key findings Strong demand conditions drove growth in input buying, as firms stocked up amid anticipation of more upturns in activity later in the year, slightly lifting the monthly Stanbic Purchasing Managers’ Index (PMI). The headline Stanbic PMI rose to…
In business, few individuals have impacted the Ugandan economy like city businessman Elvis Sekyanzi Wavamunno, son of tycoon Gordon Wavamunno, the proprietor of Spear Motors and several other business ventures. With a career spanning several decades, Wavamunno has established himself…
MTN Uganda’s leadership team, headed by Ibrahim Ssenyonga, General Manager of the Enterprise Business Unit, visited ATC Uganda on April 1, 2025, to commend CEO Dorothy Kabagambe Ssemanda for her instrumental role in promoting women empowerment within the company and…
Located in the new Sports City complex and just 20 minutes from Blaise Diagne International Airport Four Points by Sheraton, part of Marriott Bonvoy’s global portfolio of over 30 brands, today announced the opening Four Points by Sheraton Dakar Diamniadio, marking…
The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring Two African Development Bank Group supported projects have garnered top honours at the 2025 Bonds, Loans &…
The Uganda Airlines Mobile App payment system is a real game-changer in the travel industry, revolutionizing the way passengers book and pay for flights. Jenifer Bamuturaki, the Uganda Airlines Chief Executive Officer, urged travelers to use the Uganda Airlines App,…
Absa Bank Uganda has appointed Moses Rutahigwa as Retail and Business Banking Director, effective 02 May 2025. With 17 years of extensive experience in the banking sector, Rutahigwa joins Absa from Standard Chartered Bank Botswana, where he served as Head…
The Petroleum Authority of Uganda (PAU), which is headed Ernest Rubondo, the Executive Director, has reaffirmed its dedication to sustainable oil and gas development, prioritizing the conservation of Uganda’s rich wildlife heritage in the Albertine region. This strategic approach aims…
The recent handover of Umeme’s distribution assets to the Uganda Electricity Distribution Company Limited (UEDCL) marks a significant milestone in Uganda’s energy sector. This development is expected to profoundly impact the country’s economic growth, as it paves the way for…
The Uganda National Mining Company (UNMC) has taken a significant step towards transforming the country’s mining sector with the appointment of Dr. Gerald Banaga-Baingi as its Executive Director. This move is expected to bring about a new era of growth,…
The exhibition’s theme, “Strategies, Challenges, and Best Practices for Artificial Intelligence Integration in Higher Education in Uganda,” highlighted the importance of leveraging AI in learning. Prof. Mary Okwakol, Executive Director of NCHE, emphasized the potential of AI in addressing pressing…
MTN Uganda has honored Dr. Babra Ofwono, the Founder and Chief Executive Officer of Victorious Education Services (VES), for her outstanding contributions to women’s empowerment, particularly in education and leadership. The recognition took place as part of the telecom company’s…
The government of Uganda and its joint venture Alpha MBM Investments signed an implementation agreement worth US$4 billion (about 14.6 trillion) to construct an oil refinery in Hoima District. This will transform Uganda’s oil and gas sector and spur economic…
Bank of Baroda (Uganda) Limited has released its Annual Report and Audited Financial Statements for the year ended December 31, 2024, showcasing robust financial health and strategic growth. The report highlights the bank’s resilience in a dynamic economic environment, marked…
Premier Invest has presented a range of investment opportunities, totaling a minimum $1.37 billion, in Africa’s energy and oil and gas sectors at the inaugural Congo Energy & Investment Forum Financial services provider Premier Invest has announced a series of…
As Uganda inches closer to joining the ranks of oil-producing nations, one project remains at the heart of its ambitions: the East African Crude Oil Pipeline (EACOP). Stretching 1,443 kilometers from the oil fields of mid-western Uganda to the Tanzanian…
The Commissioner General of Prisons, Can. Dr. Johnson Byabashaija, recently hosted a delegation from Stanbic Bank, a member of the Standard Bank Group led by Kevin Wingfield, Head of Personal and Private Banking (PPB) for East and West African regions.…
The alliance will harmonize trade practices and introduce a standardised framework that ensures secure, predictable, and efficient trade movement African Export-Import Bank (Afreximbank) and Zep-Re (PTA Reinsurance Company) today launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to…
Muganwa’s inclusion on the Board signals the bank’s intent to further integrate strategic deal-making and long-term investment thinking into its top-level decision-making an edge that could redefine how Stanbic delivers value to large corporates, institutions, and high-value clients. The appointment…
In a fresh twist of events, the Auditor General, Edward Akol, has revised the figure for the Umeme buyout from the earlier estimated Shs700.218 billion to Sh432.677 billion, a move that’s bound to spark controversy. The Speaker of Parliament Rt. Hon.…
Uganda’s coffee industry is experiencing a significant surge, with exports reaching unprecedented heights. According to a recent report from the Ministry of Agriculture, Animal Industry and Fisheries, coffee exports in February 2025 totaled 555,756 60-kilo bags, worth a staggering US$167.68…
“We will continue to support Lesotho very strongly through our new focus on infrastructure for industrial competitiveness” Akinwumi Adesina The African Development Bank Group plans to invest $331 million in key strategic sectors in Lesotho as part of its proposed…
A team of innovative Ugandan researchers, led by Fiona Magoba and Louis Muhindo, has developed a groundbreaking mobile application, PeDD, which empowers farmers to diagnose crop diseases instantly and receive expert recommendations for treatment and prevention. This cutting-edge technology has…
The new Abusera International Airport will complement Ethiopia’s recently expanded Bole International Airport, which is expected to reach its annual 25 million passenger capacity limit soon The African Development Bank and Ethiopian Airlines Group have signed a Letter of Intent…
This groundbreaking event marks the official commencement of construction for this historic project and is a significant step in Barbados and CARICOM’s journey towards economic advancement and regional integration African Export-Import Bank (Afreximbank), Africa’s leading Multilateral Financial Institution, made history…
In a move to revolutionize mobile money payments, Network International, a leading enabler of digital commerce, has partnered with Dubai-based carrier Flydubai to introduce mobile money payments for customers in Kenya and Uganda. This partnership enables travelers to pay for…
The Minister for Energy and Mineral Resources Ruth Nankabirwa downplayed fears that the power supply in the country is set to be interrupted with the exit of Umeme, following the expiry of the company’s concession on March 31, 2025. After…
Nnenna Nwabufo, the Bank’s Vice-President for Regional Development, Integration, and Business Delivery, met with a delegation from the Council led by Deputy Executive Secretary Ali Idi at the Bank’s headquarters in Abidjan A new chapter of regional collaboration is taking…
In a bid to promote financial inclusion and support the government’s objective of economic growth, the Uganda Development Bank (UBD) has launched the Women Prosper Loans. This innovative financial product is specifically designed to empower female entrepreneurs, providing them with…
The aim of the programme is to modernise a strategic section of Cameroon’s road network, which is essential for transporting people and goods between the north and south of the country The African Development Bank Group has given the green…
In a bid to combat deforestation and promote sustainable development, the government of Denmark has pledged to partner with Uganda on a massive reforestation campaign in an initiative that aims to plant at least 29 hectares of trees in the…
In a year defined by resilience and growth, Stanbic Uganda Holdings Limited has once again proven its leadership in Uganda’s banking sector. The company’s stellar 2024 financial results underscore its unwavering commitment to not only driving profitability but also contributing…
Helpware, a global leader in Business Process Outsourcing (BPO), has welcomed Uganda’s newly launched BPO policy, hailing it as a transformative step in positioning the country as a major outsourcing hub in Africa. Speaking at a media briefing in Kampala,…
The Ugandan government‘s decision to ban doctors and medical personnel employed by the state from owning and running private facilities is a move aimed at improving service provision in the health sector. This directive, set to take effect on July…
Somalia’s membership of Afreximbank is a significant milestone that places the country on a path of sustainable economic transformation, upgrading of the country’s trade and industrial infrastructure Somalia has formally acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank),…
The private sector has a critical role in promoting sustainable water usage and mitigating the effects of climate change. This was emphasized by officials from Stanbic Bank Uganda and Uganda Breweries Limited (UBL) during a panel discussion organized by the…
As part of its Women’s Month celebrations, MTN Uganda’s Business Segment Manager, Justina Icabala paid a special visit to DFCU Bank’s Executive Director & Chief Corporate and Institutional Banking Officer, Kate Kabaingi Kiiza to recognize her outstanding efforts in advocating…
In a strategic move to expand its product offerings and cater to premium customers, Crown Beverages Limited has launched Nivana Packaged Drinking Water in sleek glass bottles. This innovation not only responds to customer demand but also supports environmental sustainability,…
Roofings, a leading manufacturer of steel products in Uganda, is playing a vital role in contributing to the country’s economic growth. With its state-of-the-art manufacturing facilities and commitment to quality, Roofings, which is under the proprietorship of Sikander Lalani, is…
MTN Uganda, through its Corporate Social Responsibility arm, MTN Foundation, has today officially inaugurated a new school block at Ocokican Community Secondary School in Ocokican Sub-County, Soroti District, in Eastern Uganda. This significant development includes two classrooms, a laboratory, 60…
As Uganda’s oil and gas sector continues to evolve, strategic partnerships have emerged as a vital component for driving growth, productivity, and profitability. According to Ali Sekatawa, Director Legal, at the Petroleum Authority of Uganda (PAU), partnerships at all levels…
The Ugandan government has revised the final buyout price for national power distributor Umeme to USD190.9 million, approximately Shs699 billion, from the earlier estimated USD191 million, about Shs700 billion. This development comes as Umeme’s concession ends on March 31, 2025.…
The Bank has approved 77 projects valued at $3.9 billion to support the implementation of Country Food and Agriculture Delivery Compacts across 32 countries, with an additional $1.72 billion in planned approvals this year African Development Bank Group, President Dr.…
Also wins Best Bank for Trade Finance in Burkina Faso, Côte d’Ivoire and Rwanda Ecobank Group, the leading private pan-African financial services group with unrivalled African expertise, is proud to be named as the Best Trade Finance Provider Bank in…
As the world celebrates Women’s Month, MTN Uganda’s Senior Manager for Supply Chain Logistics, Sharon Nyaika, paid a courtesy visit to Dr. Paulina Chiwangu, the UN Women Representative in Uganda. The visit was a gesture of appreciation for UN Women’s…
Uganda’s economic transformation can only be achieved through sustainable development, according to Patricia Ojangole, Managing Director of the Uganda Development Bank Limited (UDBL). This statement emphasizes the crucial role sustainable development plays in driving economic growth while mitigating climate change.…
Uganda’s national carrier, Uganda Airlines, has launched direct flights from Entebbe to Gatwick Airport in London, marking a significant milestone in the country’s aviation history. This new route is expected to boost tourism and trade between Uganda and the United…
The East African Crude Oil Pipeline (EACOP) Limited has taken a significant step towards building local expertise in Uganda’s oil and gas sector. In collaboration with Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (PCK) and Avanti Energy…
Over 260 Young Artists Poised to Showcase Talent as Africa’s Creative Economy Gains Momentum Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is doubling down on its commitment to Africa’s creative economy by partnering with Ecobank Nigeria, Soto…
In celebration of Women’s Month, MTN Uganda’s General Manager for the Enterprise Business Unit, Ibrahim Senyonga, paid a courtesy visit to Jean Byamugisha, Chief Executive Officer of the Uganda Hotel Owners Association (UHOA), in appreciation of her remarkable leadership in…
The government of Uganda has, through the Climate Change Department (CCD), launched the Climate Mobility Blueprint for Uganda, a groundbreaking initiative developed by the Global Climate Center for Climate Mobility (GCCM), in collaboration with the Ministry of Water and Environment.…
The Executive Director of the Petroleum Authority of Uganda (PAU), Ernest Rubondo, has hailed insurers in Uganda for their transparency in declaring revenue from the oil and gas sector. Speaking at the Insurance Consortium for Oil and Gas Uganda (ICOGU…
By leveraging platforms like AGES, Africa can strengthen partnerships, unlock funding, and implement policies that drive a sustainable and resilient future The African Development Bank Group participated in the third edition of the Africa’s Green Economy Summit (AGES) in Cape…
The public relations (PR) industry is going through some pretty wild transformations, and it’s not just about creating buzz anymore. According to the ICCO World PR Report 2024-2025, a wave of changes is sweeping across the global PR landscape—changes that…
The conference represents a pivotal step in mobilizing the billions needed annually to support Africa’s smallholder farmers, who make up some 80% of the continent’s farming population but control less than 5% of agricultural land Leading global and African financial…
As Uganda readies itself for the monumental shift in its power distribution sector, the clock is ticking toward April 1, 2025, when Umeme’s long-standing monopoly will come to an end. The transition of power distribution to the Uganda Electricity Distribution…
To streamline Uganda’s mortgage financing sector, the Central Bank has tabled before Parliament a Bill that seeks to protect borrowers’ properties from being attached. The Mortgage Refinancing Institutions Bill 2025, which was tabled before the Parliament last week, states that…
As the world continues to commemorate Women’s Month this March, MTN Uganda’s General Manager of the Enterprise Business Unit, Ibrahim Senyonga, paid a courtesy visit to the Chief Executive of Stanbic Business Incubator, Catherine Poran. The visit was a gesture…
AFC’s diverse membership spans all regions of Africa, reinforcing its role as a leading infrastructure solutions provider for Africa Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has welcomed the Union of Comoros as its 44th member country, reflecting…
The Kagera Water Project is nearing completion, with National Water and Sewerage Corporation (NWSC) Managing Director Dr. Eng. Silver Mugisha emphasizing the need for patriotism and collaboration to ensure timely completion by June. During a preliminary inspection in Kikagate, Isingiro…
The list of schools that qualified to participate in the 10th Anniversary of the Stanbic Bank National Schools Championship has finally been released. The participating schools were announced on Monday during the official unveiling of the Stanbic Bank National Schools Championship…
The African Development Bank (ADB), under the leadership of its outgoing President Akinwumi Adesina, is playing a pivotal role in driving economic growth in various African countries, including Uganda. In recognition of his efforts to transform African economies, Kenyan President…
The Ugandan government’s recent allocation of an additional Shs 115 billion to Atiak Sugar Factory has raised eyebrows among citizens, with many questioning whether the investment reflects value for money. This new investment brings the total government investment in the…
IATF is a platform for boosting trade and investment in Africa and aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and a GDP of over US$3.5 trillion Preparations are on course for the Intra-African…
Earning Guarantor of the Year, the Market Innovation Award, and African Deal of the Year reaffirms AFC’s expertise in attracting global capital to African markets Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has been honoured with three…
The discovery of oil and gas reserves in Uganda has sparked a wave of excitement and investment in the country’s energy sector. As the sector continues to grow, it is rapidly developing high-level engineering capacity in Uganda, with far-reaching implications…
In a strategic move to expand its market share, Nile Breweries Uganda Limited has endorsed a distribution agreement with Red Bull and Charms, becoming the official distributor of Red Bull products in Uganda. This partnership is a win-win for both…
The Bank of Uganda, headed by Governor Dr. Michael Atingi-Ego, is taking a significant step towards promoting environmental sustainability by drafting a policy framework that will regulate the impact of banking institutions on the environment. This move is expected to…
Africa’s Largest Tech & Startup Show Expands, Introducing Industry-Defining Innovations, Global Exhibitors, and Cutting-Edge Digital Initiatives Under the High Patronage of His Majesty King Mohammed VI, May God Assist Him, the Ministry of Digital Transition and Administration Reform, in partnership with…
The East African Development Bank (EADB) has embarked on a search for a new Director General, following the departure of Ms. Vivienne Yeda. As the search continues, Mr. Bernard Paul Mono has been appointed Acting Director General, effective March 14,…
The government of Uganda has allocated Shs60 billion towards the completion and operationalization of the Coffee Value Addition Plant in Ntungamo District. The Coffee Value Addition Plant, being overseen by Nelson Tugume, the proprietor of Inspire Africa Coffee Group, is…
The Bank of Uganda (BOU) is set to introduce sweeping changes to Uganda’s mortgage finance sector with the upcoming Mortgage Refinance Institutions Bill, 2025. Once passed into law, this bill will empower the BOU to regulate mortgage refinancing institutions, including…
Uganda’s Minister for Energy and Mineral Development, Ruth Nankabirwa, has emphasized the need for a sustainable mineral development policy to optimize the country’s natural resources. This call to action comes as Uganda launches the Sustainable Development of the Mining Sector…
Uganda Airlines Limited has strengthened its partnership with the UN Regional Service Centre Entebbe (RSCE) through the signing of a Master Travel Discount Agreement. This collaboration, which was signed by Mr. Paulin Djomo, the Director of Administration at RSCE and…
The Parliament of Uganda on Wednesday approved an additional payment of Shs298 billion to Enrica Pinetti for the construction of Lubowa International Specialized Hospital, bringing the total amount of funds sunk into the project so far to Shs774.469 billion. The…
The government of Uganda has set aside Shs. 166.5 billion in a supplementary budget to support the construction of the East African Crude Oil Pipeline (EACOP). This significant allocation aims to accelerate the pipeline’s completion, enabling Uganda to meet its…
In a significant move towards promoting clean energy, Uganda’s Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, launched the country’s first electronic vehicle (EV) charging station. Nankabirwa said during the launch that this milestone marks a crucial step in…
The government of Uganda has secured a significant €85 million (approximately Shs 340 billion) development loan from France, aimed at enhancing water infrastructure and urban development in the Greater Kampala Metropolitan Area (GKMA). This funding, announced by Finance Minister Matia…
In the heart of Uganda, a remarkable entrepreneur, Aturinda Catherine, is revolutionizing the agribusiness sector. As a passionate agricultural researcher and clinical nutritionist, Aturinda is dedicated to feeding Ugandans nutritious food while earning a substantial income. From Humble Beginnings to…
MTN Uganda, the country’s leading telecom and technology company, is proud to launch the second phase of its dynamic brand campaign “Together We’re Unstoppable”. Building on the success of its first phase, this campaign continues to celebrate the hard work,…
The Petroleum Authority of Uganda (PAU) has emphasized the crucial role journalists play in promoting Uganda’s oil and gas sector, urging them to report on the industry with a sense of national duty. Why Journalists Matter Journalists are key stakeholders…
Malawi’s $30 billion mining potential is attracting global investors, with major deals and projects set to take center stage at African Mining Week 2025 Malawi could generate up to $30 billion from mineral exports between 2026 and 2040, with annual…
Mengo Hospital has partnered with Rotary Kampala South to enhance its Dialysis Unit, aiming to increase accessibility and affordability of life-saving dialysis services. This collaboration was announced during a fundraising breakfast at the hospital, where the Rotary District Governor, Anne…
Uganda’s banking sector is on the brink of a transformative moment as Centenary Bank, one of the country’s leading financial institutions, prepares to list up to 10% of its shares on the Uganda Securities Exchange (USE). This move marks a…
Uganda’s economic growth is poised to receive a significant boost from the oil and gas sector, according to Christopher Legilisho, a Senior Economist at Stanbic Bank. Speaking at the Stanbic Bank Economic Insights Symposium, Legilisho projected that the oil and…
The world is facing unprecedented challenges in feeding its growing population amidst rising temperatures, unpredictable weather patterns, and declining soil fertility. However, according to Jean Claude Niyomugabo, a researcher with Agribusiness Community, a Non-Governmental Organisation (NGO), an innovative approach is…
Kampala, Uganda – The Stanbic Economic Insights Symposium 2025 wasn’t just another gathering of policymakers and economists. It was a reality check. And when Adam Mugume, Executive Director at Bank of Uganda, took the stage, he delivered an analogy that…
The collaboration with SABA aligns with the company’s vision of championing Africa’s narratives, amplifying Africa’s voices, and bridging Africa and the world The Scottish Africa Business Association (SABA), a membership organisation seeking to facilitate commercial success by connecting Scotland and…
As hospitals across Uganda struggle with severe shortages of essential medicines, a report by the Auditor General has revealed a shocking case of mismanagement at the National Medical Stores (NMS), where expired drugs worth billions of shillings continue to pile…
The Stanbic Bank Economic Insights Symposium, held at the Serena Hotel in Kampala today, has shed light on Uganda’s economic performance, highlighting the significant role of gold and coffee exports in driving economic growth. According to Christopher Legilisho, a lead…
The state Minister for Minerals, Hon. Phiona Nyamutoro, joined Inspire Africa Coffee during the weekend to launch the first ever Coffee Marathon in Uganda. The Coffee Marathon, which is set to happen on May 24, 2025, at the Inspire Africa Coffee Park…
Kaspersky’s Threat Research and AI Technology Research have jointly identified a sophisticated deception campaign exploiting the rapid growth and public interest surrounding DeepSeek AI Security researchers at Kaspersky have revealed how cybercriminals used geofencing, compromised business accounts and coordinated bot…
AFC’s delegation, alongside key partners, participated in the ceremonial Market Close, culminating in the presentation of a commemorative glass tablet and the signing of the LSE’s Welcome Book Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, had the…
Uganda’s Oil and Gas sector is gaining momentum, with the Tilenga Project in the Albertine Rift being a prime example. The latest updates indicate that currently over 110 wells have been drilled, marking significant progress in the project. This milestone…
MTN Uganda, through its Corporate Social Responsibility arm, the MTN Foundation, is proud to support the Hands of Hope Uganda, a non-governmental organization dedicated to empowering vulnerable young women—survivors of gender-based violence, teenage pregnancy, and early marriage—with livelihood skills such…
With just one day left to the Stanbic Bank Economic Insights Symposium slated for March 11, 2025, experts at the Bank have unveiled game-changing customer care practices for all business owners in Uganda. This year’s symposium, themed ‘Globalisation Reshaped: Riding the…
Over the past four years, Afreximbank has approved over $813 million in financing for Uganda’s public and private sectors, with a pipeline in exceeding US$ 1 billion in pending approvals The quest to broaden the scope of interventions by the…
This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period Ecobank Côte d’Ivoire, a subsidiary of Ecobank Transnational Incorporated, the leading Pan African Bank, takes a major step forward in its commitment…
In Uganda’s agricultural sector, a quiet revolution is underway, driven by the passion and dedication of Catherine Aturinda, a clinical researcher, nutritionist and agricultural enthusiast. As a nutritionist and founder of Nouri-Mix Porridge, Aturinda has always been driven to make…
In a bold step towards bridging the digital divide, MTN Uganda has provided ICT equipment worth UGX 20 million to the 40 Days Over 40 Smiles Foundation. This donation will boost digital literacy and learning opportunities for underprivileged children, equipping…
The partnership focuses on building essential cybersecurity skills via training programs, including those offered by the Kaspersky Academy In a move to enhance digital security on the African continent, Kaspersky has signed a three-year Memorandum of Understanding (MoU) with Smart…
Uganda’s oil and gas sector is at a critical juncture, with significant investments pouring in and production expected to commence soon. However, as emphasized by Ms. Lynda Biribonwa, Chairperson of the Board of Directors, Petroleum Authority of Uganda (PAU), at…
MTN Uganda is not just a technology company; we are building the infrastructure for Uganda’s digital future while ensuring our business contributes meaningfully to communities and the environment MTN Uganda has reported a remarkable 30.1% surge in profit after tax,…
With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) in collaboration with the…
The National Renewable Energy Platform (NREP) has launched a nationwide clean cooking initiative to accelerate the transition to green energy and minimize Uganda’s reliance on charcoal and firewood for cooking. Through intense research and innovation, NREP is holding workshops in…
With March 31, 2025 fast approaching, the UGX 700 billion buyout of Umeme Limited is shaping up to be one of Uganda’s biggest corporate transitions in recent history. As the government finalizes plans to take over electricity distribution, stakeholders are…
Uganda Airlines, the national carrier, has announced plans to launch flights to Gatwick Airport in London, UK. However, the airline’s financial health raises concerns about its readiness for this ambitious venture. According to a report by the Auditor General, Edward…
For 2025, growth is projected to recover to 3.0 percent as social conditions normalize and economic activity picks up, especially in services An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, conducted discussions from February 19 to…
As the world grapples with the challenges of climate change, energy security, and sustainable development, the role of petroleum resources in the energy mix has become increasingly important. That is the overriding theme at the 11th East African Petroleum Conference…
The Trade and Development Bank Group (TDB Group) has achieved a significant milestone by securing accreditation from the Green Climate Fund (GCF), positioning itself as a key financial catalyst for climate action in East and Southern Africa. This accreditation paves…
The communal spirit of the Maasai is reflected in the hotel’s design, with shared spaces like outdoor dining areas and a central bonfire encouraging interaction and connection Tribute Portfolio – part of Marriott Bonvoy’s growing collection of characterful, independent hotels…
Partnerships are vital in the development of Uganda’s oil and gas sector. This was highlighted by the Minister for Energy and Mineral Development, Ruth Nankabirwa, at the 11th East African Petroleum Conference and Exhibition 2025, held at Nyerere International Convention…
The government of Uganda has, through the Ministry of Energy and Mineral Development, resolved to revive the production of copper at Kilembe mines in Kasese District. This signing of the Mineral Production Sharing Agreement with Sarrai Group Limited from…
As Uganda moves towards full control of its electricity distribution, the government has strategically turned to Stanbic Bank Uganda, the country’s leading financial institution, for a crucial loan of Shs700 billion to finance the buyout of Umeme Limited. This partnership…
The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads Talks held by the African Development Bank Group in the Republic of Congo from 24 – 28 February 2025 marked a…
For nearly two decades, Umeme Limited has been the face of electricity distribution in Uganda, playing a pivotal role in power access, infrastructure investment, and stock market dominance. However, as the company’s 20-year concession comes to an end on March…
With this expansion, individual entrepreneurs – including those in the formal and informal sectors – can now fully benefit from its enhanced financial and non-financial solutions To bridge the gender financing gap for Africa’s women entrepreneurs, Ecobank, the leading pan-African…
Key findings Operating conditions for Ugandan private sector firms improved in February, following a brief decline at the start of the year sending the headline Stanbic Purchasing Managers’ Index (PMI) up to 52.6 compared to the January reading of 49.5.…
Uganda’s financial ecosystem is at a turning point. MTN MoMo and Airtel Money, two of the country’s largest mobile money providers—are locked in a high-stakes battle for digital payment dominance. Both companies have recently launched new payment solutions, promising to…
The African Development Bank (AfDB) has been instrumental in fueling socio-economic development in Uganda through its strategic partnerships with local financial institutions, such as the Uganda Development Bank (UDB). The UDB has been at the forefront of driving socio-economic transformation…
In a bid to promote sustainable development and reduce reliance on fossil fuels, Housing Finance Bank and the Uganda Energy Credit Capitalisation Company (UECCC) have launched a renewable energy loan program for Small and Medium Enterprises (SMEs) in Uganda. The…
African Development Bank leaders champion climate finance and just transition The fifth edition of the Finance in Common Summit (FiCS) concluded on Friday in Cape Town, South Africa, with strong calls for global development finance institutions to work together to…
Mumba Kenneth Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the nation’s largest lender by assets, revenue, and deposits. His appointment was first announced in December of last year. “I am delighted to join Stanbic…
After a successful tenure as Chief Executive Officer of Absa Bank, Mumba Kenneth Kalifungwa has bid farewell to the institution, paving the way for his new role as CEO of Stanbic Bank Uganda. Kalifungwa’s leadership at Absa Bank was marked…
In a significant move to enhance Uganda’s agricultural sector, the Uganda National Bureau of Standards (UNBS) has signed a USD 1.5 million (over Shs5.5 billion) partnership agreement with Trade Mark Africa. This collaboration aims to promote standardization and export of…
The Congo Energy & Investment Forum taking place in Brazzaville next month will feature Gianmaria Pozzoli, Director General of state-owned Centrale Électrique du Congo, as a speaker With maintenance nearing completion on one of the three turbines at the 484…
As the backbone of Uganda’s economy, small businesses play a vital role in driving growth and development. However, navigating the complexities of running a small business can be daunting, and many entrepreneurs struggle to avoid common mistakes that can be…
Christopher Ek, Director of Decarbonization Services at Wärtsilä Energy, will speak at the Invest in African Energy Forum in Paris, as the company plays a key role in Africa’s energy transition and strengthening power supplies Christoffer Ek, Director for Decarbonization…
After five years of exceptional leadership, Melkamu Abebe is bidding farewell to Coca-Cola Beverages Africa, Uganda, leaving behind a legacy of remarkable growth and success. During his tenure as Managing Director, the company experienced unprecedented expansion, with sales revenue growing…
Okere City in Otuke District, North Eastern Uganda, is home to several hundred young girls and boys who face a major challenge that hinders their educational aspirations. Ageno Rwot Flavia, a 13-year-old primary six pupil at Okere Community School, has…
In a groundbreaking move, Diamond Trust Bank (DTB) has announced a strategic partnership with MTN Uganda, endorsing the newly launched MTN MOMO Virtual Card as a game-changer in business operations in Uganda. This innovative partnership is set to transform the…
Small and Medium Enterprises (SMEs) form the backbone of Africa’s economy, driving employment, innovation, and economic transformation. However, their growth is often hindered by financial constraints, limited access to markets, and operational inefficiencies. The latest Mastercard SME Confidence Index 2025…
In a groundbreaking partnership, Uganda Airlines and Absa Bank have teamed up to support the education and empowerment of the girl child in Uganda. The collaboration is centered around the 3rd Absa KH3-7 Hills Run, scheduled to take place on…
The Petroleum Authority of Uganda (PAU) has revealed the detailed commercial structure of the East African Crude Oil Pipeline (EACOP), a joint project between Uganda and Tanzania. This breakdown aims to provide transparency and clarity for Ugandans, investors, and stakeholders…
Ugandan farmers have long struggled with the adverse effects of climate change, which have severely impacted agricultural productivity. However, Dr. Clare Mukankusi, a renowned researcher in improved seeds, is breaking new ground by breeding climate-resilient bean varieties. Her innovative work…
The agreement paves the way for support from the Islamic Development Bank to finance the second section of the 205-kilometer Mayo-Singako-Am Timan at an estimated cost of $275.5 million The African Development Bank and the government of Chad have signed…
Afreximbank will finance the development and operationalisation of industrial parks (IPs) and special economic zones (SEZs) to bolster the country’s industrialisation and export manufacturing In a groundbreaking move that will redefine Kenya’s industrial landscape, Afreximbank and the Kenyan government have…
As Ugandan farmers battle prolonged drought and delayed wet seasons, experts emphasize that sustainable agriculture is the only lasting solution to climate change. Uganda, like many African countries, is increasingly experiencing drought due to climate change, leading to devastating effects…
Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial Institutions (AMFIs) in financing critical development sectors On the sidelines of the 38th Ordinary Session of the Assembly of the African…
Uganda is poised to undergo a significant economic boost with the impending oil production, courtesy of revenues from the Oil and Gas sector, according to the Petroleum Authority of Uganda (PAU), which is headed by Mr. Ernest Rubondo. The government’s…
The Stanbic Bank Economic Insights Forum, a premier event for business leaders, investors, and policymakers, is set to take place on Tuesday, March 11, 2025, in Kampala. This year’s forum will be themed “Globalisation Reshaped-Riding the Waves of Economic Shifts,”…
This landmark initiative will accelerate climate adaptation and sustainable infrastructure across Africa The European Investment Bank (EIB) has committed to join Africa Finance Corporation (AFC) in financing a $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark initiative will accelerate…
Amatheon Agri Uganda Ltd. (AAU), a subsidiary of the Euronext-listed Amatheon Agri Holding N.V., has successfully restructured its EUR 20,000,000 convertible bonds and converted EUR 18.66 million in shareholder loans into equity, signaling a robust move to enhance its financial…
A Major Move in Uganda’s Fintech Space MTN Group Fintech has announced a strategic partnership with Network International as its official payment processor and issuing partner. This collaboration marks a significant step in expanding digital financial inclusion across Africa, particularly…
Diageo, a global leader in the beverage industry, has announced significant changes to its leadership team. Hina Nagarajan, the current Managing Director and CEO of USL, will take on the role of President of Diageo’s Africa business, while Dayalan Nayager,…
Airtel Uganda’s recent announcement of a record-breaking interim dividend of Shs100 billion for the quarter ending December 31, 2024, has set new benchmarks for shareholder returns while sending ripples across Uganda’s competitive telecom market. Airtel Uganda, which went public in…
In today’s fast-paced business landscape, having a solid financial foundation is crucial for achieving long-term success. According to Lilian Katiso, Managing Director of Zaddock Associates, a well-planned financial strategy serves as the backbone of any business, enabling entrepreneurs to make…
Gil Holzman, President & CEO, Eco Atlantic Oil & Gas, will speak at the Invest in African Energy Forum 2025 in Paris, following the company’s recent expansion in the Orange Basin and strategic approach to low-carbon exploration in Africa Gil…
In a bold move to mitigate the devastating effects of climate change, Uganda Breweries Limited (UBL) has demonstrated its unwavering commitment to environmental sustainability. Through innovative energy solutions and reforestation initiatives, UBL has significantly reduced its carbon footprint, setting a…
In a historic move, President Paul Kagame has appointed Dr. Soraya M. Hakuziyaremye as the first female governor of the National Bank of Rwanda (BNR), effective February 25, 2025. This appointment is a testament to Dr. Hakuziyaremye’s exceptional leadership skills,…
In a significant milestone for conservation efforts in Tanzania, EACOP Limited has signed a Memorandum of Understanding (MoU) with the Tanzania Wildlife Authority (TAWA) to protect the country’s wildlife in project-affected areas. This agreement is expected to have a positive…
The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement…
In a country where poverty and unemployment remain significant challenges, innovative entrepreneurs like Angella Babirye are leading the charge in unlocking the economic potential of Uganda’s natural resources. Babirye, the proprietor of Lamalo Essentials, an agroecological business enterprise that empowers…
The planned projects will mark the debut of The Ritz-Carlton in the luxury safari market and the opening of the second JW Marriott safari camp in Kenya Marriott International, Inc. today unveiled plans to open two luxury tented safari camps…
The Petroleum Authority of Uganda (PAU), under the leadership of Mr. Ernest Rubondo, has moved to calm concerns about the potential dangers of the East African Crude Oil Pipeline (EACOP) to Uganda’s and Tanzania’s ecological systems. According to PAU, while…
In a move set to shake up the insurance industry in Uganda, Aidah Nkwanzi has taken the reins as the new Chief Executive Officer of Britam Life Assurance. A seasoned insurance expert with over 18 years of experience, Nkwanzi is…
Applications are open for schools to compete in the 10th season of the Stanbic National Schools championship (NSC) and the stakes are high on who will win the youth entrepreneurship gong as it marks a decade since its inception. Last…
A recent Memorandum of Understanding (MoU) signed between EACOP Limited and the Government of Tanzania is set to bolster the oil and gas sector in Uganda. The agreement, facilitated through the Ministry of Home Affairs, outlines project security commitments in…
As Chair, Zubairu will drive collaborative growth by strengthening partnerships among member institutions, African governments, and global agencies to build a robust financial architecture The Alliance of African Multilateral Financial Institutions (AAMFI), also known as the Africa Club, has announced…
A Leader Bridging Tradition and Economic Transformation For over a decade, Charles Peter Mayiga, the Katikkiro (Prime Minister) of Buganda, has redefined what it means to be a custodian of both culture and commerce. Appointed by Kabaka Ronald Muwenda Mutebi…
In a move aimed at boosting economic development in South Sudan, the African Development Fund (ADF) has approved a grant of USD 153.66 million (over Shs562 billion) for the Uganda-South Sudan power interconnection project. The project, which is part of…
British American Tobacco Uganda Limited (BATU) has announced significant changes to its Board of Directors, effective 1 March 2025. The changes include the appointment of a new Managing Director, the addition of a Non-Executive Director, and the resignation of an…
Uganda is one of the countries that are most vulnerable to climate change in Africa. Rising temperatures, changing rainfall patterns, and increased frequency of extreme weather events are all taking a toll on the country’s agricultural sector. The worst-affected areas…
The Petroleum Authority of Uganda (PAU) has reaffirmed its commitment to improving the livelihoods of project-affected Ugandans through agriculture. During a quarterly engagement meeting with Non-Governmental Organizations (NGOs) and private sector players in Kampala, the PAU shared valuable insights on…
Afreximbank Advocates for Increased Local Participation in Guyana’s Oil Value Chain In a landmark announcement at the Guyana Energy Conference and Supply Chain Expo, Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank…
With the Easter holiday season just around the corner, businesses in Uganda are gearing up to capitalize on the increased consumer spending. Financial experts at Stanbic Bank have shared valuable insights on how entrepreneurs can maximize sales, profits, and customer…
The new Sunflower Processing Unit in the eastern district of Uvinza will give a business boost to 21,000 people A new sunflower processing unit in Tanzania’s eastern Uvinza district is transforming the agricultural landscape, boosting local businesses, and providing a…
The Uganda Electricity Generation Company Limited (UEGCL) has reaffirmed its commitment to supporting the country’s development agenda, as outlined in the National Development Plan (NDP) III (2020/21-2024/25) and the upcoming NDP IV (2025-2030). In a stakeholders’ workshop held at Skyz…
Uganda’s economy is poised for a significant boost, thanks to the vast potential of castor oil production. With its high market demand, profitability, and versatility, castor oil is an attractive crop for Ugandan farmers to embrace. In this article, we…
According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy The African Development Bank Group has taken a significant step forward in its fight against…
The recent rejection by the Ugandan parliament of a request to exempt businessman Donati Kananura from paying taxes worth Shs2,696,768,814 on grounds that he is battling diabetes and prostate enlargement has sparked a debate on the pros and cons of…
Following Saudi Arabia’s latest energy efficiency cooperation agreement with Egypt, the African Energy Week: Invest in African Energies 2025 conference will provide a vital platform to accelerate partnerships and secure new deals between Saudi Arabia and African countries Earlier this…
The launch of the Uganda Business Process Outsourcing (BPO) campaign is poised to revolutionize the business environment in Uganda. While launching the campaign at Mestil Hotel in Kampala on Thursday, Chris Baryomunsi, the Minister for ICT, who was flanked by…
The exemptions, granted under Section 40(1) of the Tax Procedures Code Act, 2014 were based on financial hardships and the strategic importance of the entities to economic development Parliament has approved tax waivers of over Shs9.5 billion for selected local…
The commissioning of Piston Medical, a state-of-the-art pharmaceutical factory located in Namanve Industrial Park, marks a significant milestone for Uganda’s healthcare and industrial sectors. With the capacity to produce 16 life-saving medical commodities, Piston Medical is poised to revolutionize the…
As a key G20 member, Brazil is deepening its energy cooperation with African nations through strategic investments, partnerships and knowledge exchange, with this year’s African Energy Week: Invest in African Energies conference paving the way for greater collaboration As a…
Uganda’s livestock industry has been plagued by the recurring outbreaks of Foot and Mouth Disease (FMD), resulting in significant economic losses for farmers and the government. To combat this, the government has proposed a cost-sharing initiative for FMD vaccination in…
The discovery of oil and gas in Uganda has opened up new opportunities for economic growth and development, with local companies winning contracts worth over Shs748 billion in the last quarter. As the country prepares to start commercial oil production,…
The advent of electronic banking has revolutionized the way people conduct financial transactions. However, according to business analysts at the Publicisteastafrica.com this convenience has also introduced new risks, particularly in the form of electronic fraud. In Uganda, several banks are…
Airtel Uganda Limited has announced its financial results for the year ended 31st December 2024, showcasing a resilient performance driven by sustained growth in its customer base, data services, and strategic investments in network expansion. The company reported an 11.4%…
The Isimba Dam, a Shs2.2 trillion (USD 570 million) project commissioned by President Yoweri Kaguta Museveni in 2019, is on the verge of collapse due to severe damage. This dire situation has prompted Members of Parliament to call for the…
In a significant milestone for ethical finance, Centenary Bank, Uganda’s leading microfinance institution, has announced that it will host the 17th Annual General Meeting (AGM) of the Global Alliance for Banking on Values (GABV). The event, scheduled to take place…
As the world grapples with the devastating effects of climate change, Uganda Breweries Limited (UBL) is taking proactive steps to mitigate its impact on local communities. Through its Water for Life Programme, UBL, through harnessing advanced technology, is championing water…
Uganda’s oil and gas sector is ripe for investment, with several projects underway that promise significant returns. The Uganda National Oil Company (UNOC) has been actively courting investors, showcasing the country’s favorable business environment and highlighting the laws, regulations, and…
The presentation reported that 39 African countries have improved their scores since 2016, indicating that visa openness across Africa is at its highest level since the inception of the index On the sidelines of the 38th African Union Summit, African…
As a poultry farmer, selling raw eggs may seem like the easiest and most straightforward way to earn a profit. However, experts reveal that adding value to eggs can double, or even triple, earnings. According to Dr. Hillary Emma Musoke,…
Nike and SKIMS Launch New Brand, NikeSKIMS, Designed to Sculpt; Engineered to Perform Nike, Inc. (NYSE: NKE) and SKIMS are teaming up to disrupt the global fitness and activewear industry with the launch of NikeSKIMS, a new brand that will deliver…
The Uganda Tourism Board‘s (UTB) decision to crack down on substandard hotels, lodges, and other accommodation facilities is a bold move to boost Uganda’s tourism sector. Tourism is a significant contributor to Uganda’s economy. According to the Uganda Bureau of…
Today, Publicist East Africa proudly profiles Ms. Nwanne Vwede-Obahor, a true inspiration to women across the globe. As the UNDP Resident Representative for Uganda, Ms. Vwede-Obahor leads and directs UNDP’s efforts to support Uganda’s national development goals. Her impressive career…
Uganda’s government is seeking a massive loan to finance the buyout of Umeme Limited, the country’s main electricity distributor, as its 20-year concession comes to an end on March 31, 2025. The government is negotiating with Stanbic Bank to secure…
Taking place March 13, 2025, the Invest in African Energies investor forum will explore new opportunities for Chinese companies in Africa The upcoming Invest in African Energies investor forum in Shanghai on March 13, 2025, is set to highlight the…
Housing Finance Bank (HFB) has strengthened its commitment to promoting the creation and consumption of renewable energy in Uganda, as the country grapples with the devastating effects of climate change. To achieve this goal, the Bank has partnered with the…
Dr. Hillary Emmanuel Musoke, the newly appointed Senior Presidential Advisor on Agribusiness, is poised to revolutionize Uganda’s agricultural sector. With his wealth of experience, Dr. Musoke is expected to tackle several key issues, including: Embracing Mechanised Farming and AgriTech: Dr.…
The Uganda Revenue Authority (URA) has joined forces with Kenya’s tax body, Kenya Revenue Authority (KRA), to combat cross-border smuggling. This strategic partnership aims to curb illicit trade and tax evasion, promoting economic growth and development in both countries. URA’s…
Dr. Akinwumi A. Adesina, President of the African Development Bank Group (AfDB), delivered a powerful farewell address to African Heads of State and Government at the 38th African Union Summit, marking the culmination of a decade of impactful leadership. The…
The Petroleum Authority of Uganda (PAU) is playing a vital role in championing job creation and boosting economic development in the country. Under the leadership of Executive Director Ernest Rubondo, PAU has made significant strides in building a skilled local…
In an interview with Energy Capital & Power, Imperatus Energy CEO Oumar Semega outlined strategies for supply chains and infrastructure development in the Republic of Congo As the Republic of Congo sets its sights on a significant increase in crude…
Uganda is poised to take center stage in global water and sanitation discussions as it prepares to host the 22nd African Water and Sanitation Association (AfWASA) International Congress & Exhibition from February 16–20, 2025. This prestigious event, themed “Water and…
The Global Fund is the largest source of funding for malaria, providing 62% of all international financing for malaria programmes Against the backdrop of the 2024 Africa Malaria Progress Report, which reveals stagnating progress and mounting threats to malaria elimination…
Uganda’s oil and gas sector is on the cusp of a transformative era, with steady progress toward achieving the country’s national content agenda by 2040. The Petroleum Authority of Uganda, headed by Ernest Rubondo as Executive Director, reports that significant…
The upcoming launch of the South African National Petroleum Company reflects a broader trend across Africa, where nations are restructuring their state-owned energy enterprises to attract investment, improve efficiency and enhance energy security The upcoming launch of the South African…
Uganda’s financial sector is grappling with a myriad of challenges, including rampant fraud, cybersecurity threats, health crises, and geopolitical instability. The latest case of fraud in the banking sector is the theft of over Shs60Bn from Bank of Uganda, which…
Cancer has swiftly become one of the leading causes of death in Uganda, with over 35,000 new cases reported annually. In a country where healthcare systems are stretched thin and treatment options are often out of reach for the average…
As the business landscape continues to evolve, staying ahead of the curve is crucial for success. The Stanbic Economic Insights Symposium, scheduled for March 11, 2025, at Kampala Serena Hotel, offers a unique opportunity for business operators to gain valuable…
Following his recent confirmation as the Governor of the Bank of Uganda, Dr. Michael Atingi-Ego steps into one of the most influential economic roles in the country at a time when Uganda’s monetary policy is under heightened scrutiny. His appointment…
Airtel Uganda, fresh off its landmark IPO in 2023, is undergoing a significant leadership overhaul that has sparked both intrigue and concern across the telecom sector. In a bold move, the company has seen the exit of key figures, including…
To date, AFC has secured a total of US$700 million in financing from CEXIM, including a US$300 million facility in 2018 and another US$400 million loan in 2023 Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has signed a…
HHA aims to improve access to timely diagnosis and treatment, reducing the burden of this disease across communities AstraZeneca’s flagship health equity programme – Healthy Heart Africa (HHA), marks its 10th anniversary, celebrating successfully taking over 67 million blood pressure…
With Chevron’s latest farm-in offshore Namibia highlighting Africa’s investment appeal, African Energy Week: Invest in African Energies 2025 will explore strategies for structuring attractive PSCs and securing high-impact farm-in agreements in Africa’s oil and gas sector Africa’s oil and gas…
International Oil Companies highlighted Mozambique as an attractive investment destination during the African Energy Chamber’s Invest in African Energies: Mozambique Roundtable in Maputo on Thursday Global energy major, ExxonMobil has invested over $20 million in Mozambique as part of its…
Uganda has reached a remarkable milestone in healthcare with the introduction of Mesenchymal Stem Cell Therapy (MSCT). Prof. Elly Karuhanga, a renowned lawyer and founding partner at Kampala Associated Advocates, became the first Ugandan to undergo this groundbreaking treatment at…
As the Republic of Congo prepares to host the Congo Energy & Investment Forum (CEIF) 2025 from March 24-26, 2025, in Brazzaville, the spotlight is on the country’s upcoming Gas Code and its potential to transform the nation’s energy sector. In an exclusive interview with Energy…
The Chairman, United Bank of Africa Group, Tony O. Elumelu, has revealed that of all continents, Africa has the highest Return On Investment (ROI). Elumelu, who was speaking at the World Government Summit in Dubai, noted that Africa is the…
The Uganda National Oil Company (UNOC) is actively courting investors to partner in the exploration and development of the Kasuruban oil and gas block. Philips Obita, UNOC’s General Manager-Upstream, made the call at the Sub Saharan Africa International Petroleum Exhibition…
The State of African Energy 2025 Outlook provides an overview of the dynamics of Africa’s involvement in the global LNG sector The global energy marketplace is shifting toward the acceptance of natural gas as a pivotal component in the transition…
In a groundbreaking move aimed at revolutionizing workplace dynamics, Roke Telkom, Uganda’s homegrown telecommunications provider, has partnered with THAUT, a cloud-based emotional intelligence (EI) platform, to launch an innovative solution designed to enhance organizational engagement and foster meaningful connections. The partnership, announced…
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Namibia is on the cusp of a transformative era in its energy sector, with recent oil and gas discoveries positioning the country as a key player in Africa’s energy landscape. To harness this potential and ensure local industries and communities’…
The Republic of Congo is gearing up to showcase its energy potential and investment opportunities at the inaugural Congo Energy & Investment Forum (CEIF) 2025, scheduled to take place in Brazzaville from March 24-26, 2025. Under the leadership of Bruno Jean-Richard Itoua, Minister…
Uganda’s agricultural sector is poised for a significant turnaround, thanks to the government’s focus on leveraging Agriculture Technology (Agritech). This was revealed by Matia Kasaija, the Minister of Finance, Planning and Economic Development, who was speaking at the Uganda-EU Business…
In a move aimed at protecting intellectual property rights, the Uganda Communications Commission (UCC) has banned the broadcast of pirated movies, soaps, and dramas on local TV stations. This decision is expected to have far-reaching consequences for the television industry…
A recent Bloomberg report dated February 10th has revealed that the European Union is set to review its multibillion euro foreign aid program, aiming to align the allocation of funds more closely with its evolving strategic and geopolitical interests. This…
The Permanent Secretary of the Ministry for Information Communication and Technology and National Guidance, Dr. Aminah Zawedde, has urged the new Airtel Uganda Managing Director Soumendra Sahu, to leverage ICT networks to create more jobs in the country. Dr. Zawedde…
In a significant milestone, Safaricom, Kenya’s leading telecommunications provider, has been awarded the title of Most Inclusive Brand by Kantar, a renowned research firm. This prestigious recognition underscores Safaricom’s dedication to embedding diversity, equity, and inclusion (DE&I) throughout its operations.…
Reeta Roy, the President and CEO of the Mastercard Foundation, has announced her decision to transition from her role after nearly 18 years of transformative leadership. Roy, who joined the Foundation in 2008, will continue to lead the organization through…
The agricultural sector in Uganda has been dealt a huge blow with the ongoing winding down process of the Uganda Cocoa and Commodities Limited, which is set to be wound up together with Grow More Seeds and Chemicals Limited, over…
The rapid advancement of technology is transforming the business landscape, making production, sales, and revenue tracking more efficient than ever. Emmy Hashakimana, Commercial Director at Uganda Breweries Limited (UBL), highlighted the impact of technology on trade in East Africa, using…
A landmark investment opportunity is on the horizon for Uganda, as President Yoweri Kaguta Museveni recently met with a delegation of investors from Austria’s EcoNetix, a clean energy company. The discussion centered around a potential USD500 million (about Shs 1,839,755,000,000)…
The Government of Uganda, in partnership with Centenary Bank and the Private Sector Foundation Uganda (PSFU), has launched a groundbreaking initiative to empower women entrepreneurs through the GROW project. This project has already enabled over 2,073 women to access funds…
The Board of Directors of the African Development Bank Group has approved over $31 million in funding under its African Climate Action Window (CAW) to strengthen climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar. The Climate Action Window…
In a landmark ruling, the Tax Appeals Tribunal has ordered CFAO Motors, formerly Toyota Uganda, to pay Shs2.08 billion to the Uganda Revenue Authority (URA) in a Value Added Tax (VAT) dispute. The tribunal’s decision clarifies the application of Value-Added…
Let’s reflect about the quote. “When the well is dry. We shall know the worth of water” by Benjamin Franklin. He highlights the value of water and the importance of appreciating it while it is still abundant. We need to…
TDB Group and Anzana Electric Group (“Anzana”) announce the financial close and first utilization of a portfolio project debt package for two run-of-river hydropower projects in Burundi developed by Songa Energy. This USD 35 million 10.65MW long-term debt financing facility…
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Dr. Fabian Kasi, the Managing Director of Centenary Bank, has revealed that the bank has invested over Shs200 billion in Ugandan startups since in the past few years. This significant investment has benefited over 5,000 enterprises, providing them with crucial…
Uganda’s coffee industry has once again proven its power as a major economic engine. In December 2024, the Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) reported an impressive surge in coffee export revenues, reaching USD 115.02 million—up from USD…
In a move set to revolutionize the financial landscape of Uganda, MTN Mobile Money (MoMo) has introduced Digital Credit, an innovative financial service designed to provide individuals and businesses with convenient, secure, and affordable credit facilities. This groundbreaking service is…
In a bid to safeguard the interests of shareholders, the Capital Markets Authority (CMA) of Uganda has introduced stringent regulations regarding the appointment or replacement of Chief Executive Officers (CEOs) in companies operating within the country. This move is aimed…
The Uganda Tourism Board (UTB) announced today that its outgoing Chief Executive Officer, Lilly Ajarova, has been appointed as a Senior Presidential Advisor on Tourism. Ms. Ajarova, a respected figure in the Ugandan tourism industry, has served as UTB’s CEO…
Nicholas Opiyo, the founding Executive Director of Chapter Four Uganda, a prominent human rights organization, has stepped down from his leadership role after more than a decade. This marks the conclusion of a significant era for the organization, known for…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
Ugandans are known for their resilience, warmth, and entrepreneurial spirit—qualities that define the Pearl of Africa and its people. It is this deep understanding of Uganda’s dynamic and youthful population that has propelled Sylvia Mulinge, CEO of MTN Uganda, to…
The Bank of Uganda’s Monetary Policy Committee (MPC) decision to maintain the Central Bank Rate (CBR) at 9.75% reflects a delicate balancing act between supporting economic growth and mitigating inflationary risks. While the Ugandan economy continues to exhibit strong growth,…
The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has dismissed concerns raised by certain individuals and Civil Society Organizations (CSOs) regarding the use of specific pesticides in Uganda. In a statement issued on Friday, Permanent Secretary Maj. Gen. David…
Bank of Kigali Plc announced the appointment of Eugene Ubalijoro as its new Chairman of the Board of Directors, effective February 5, 2025. Mr. Ubalijoro succeeds Rod Michael Reynolds, who is retiring from the position. The appointment was made by…
Dr. James Musinguzi has been appointed as the new Executive Director of the Uganda Wildlife Authority (UWA), replacing Sam Mwandha, whose two-year contract has ended. His appointment marks a pivotal moment for UWA, promising new strategies and initiatives to elevate…
The Bank of Uganda’s Monetary Policy Committee (MPC) today announced its decision to maintain the Central Bank Rate (CBR) at 9.75%. This decision comes amidst rising inflation, primarily driven by an increase in services inflation, particularly in passenger transport. While…
Sustainable agriculture is improving the livelihoods of millions of Ugandans engaged in crop and animal husbandry. Agnes Mbabazi, CEO of Agrifarm Uganda Limited, has taken this mission personally, striving to revolutionize agriculture in Uganda. With determination and resilience, Mbabazi fully…
The race for the presidency of the African Development Bank (AfDB) is heating up, with five candidates vying for the top position. As the election approaches in May 2025, the contest is shaping up to be a diplomatic and strategic…
Prof. Benedict Oramah and a high-level Afreximbank delegation met with H.E. William Ruto of Kenya during his state visit to Cairo, Egypt, to strengthen financial cooperation and advance Africa’s economic integration. The discussions highlighted the critical role of African financial…
On Tuesday, officers from the Criminal Investigations Directorate (CID) made a bold move in the fight against abuse of government funds by arresting nine senior officials from the Ministry of Finance. The arrests followed an ongoing investigation into the alleged…
In a significant step to improve financial access for farmers and the local business community, Centenary Bank has officially opened a new branch in Kiboga District. The branch, located on 2nd Street, opposite St. Felistas Catholic Parish, was inaugurated on…
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…
East African Breweries Limited (EABL) announced a 20% surge in profit after tax to KSh 8.1 billion in the first half of 2024, compared to KSh 6.8 billion in the same period last year. This growth was primarily driven by…
The Capital Markets Appeals Tribunal has barred the Capital Markets Authority (CMA) from proceeding with an inquiry into the conduct of eight directors of Imperial Bank during the application of a Ksh 2 billion corporate bond in 2015. The CMA…
In light of the recent Executive Order by U.S. President Donald Trump, which affected the distribution of life-saving HIV/AIDS medications globally, the Uganda AIDS Commission (UAC) has reassured Ugandans living with HIV that access to antiretroviral (ARV) therapy will remain…
SLB, a leading global technology company in energy, announced on Wednesday the opening of its Africa Performance Center in Luanda, Angola. This state-of-the-art facility, spanning 3,200 sqft, will serve as a collaborative hub for industry stakeholders, fostering innovation and development…
NCBA Uganda yesterday made a significant stride in its sustainability journey by unveiling its first electric vehicle (EV) charging station at its Head Office in Twed Towers, Nakasero. This move aligns with the bank’s “Change the Story” agenda, emphasizing a…
The Ministry of health has issued a public warning to all Ugandans and foreigners in the country about an outbreak of the deadly Sudan Ebola Virus Disease in Uganda, which has killed one person so far. The public warning about…
Uganda’s healthcare sector is poised for a major transformation with the unveiling of the Aga Khan University Hospital’s Nakawa Specialty Centre. Located strategically along Old Port Bell Road, this state-of-the-art facility is setting a new benchmark for medical excellence, not…
MTN Mobile Money (U) Limited (MTN MoMo) has launched Wesotinge Season 2, aiming to further empower Ugandans through accessible, fast, and convenient financial services. Following the success of Season 1, which saw a significant increase in loan uptake, Season 2…
Equity Bank Uganda has announced the appointment of Mr. Gift Shoko as its new Managing Director, subject to regulatory approval. Mr. Shoko succeeds Mr. Anthony Kituuka who has stepped down from the role. Mr. Shoko brings over 26 years of…
As Uganda continues to embrace digital solutions, MTN’s “Pay with MoMo” has positioned itself as a key player in the country’s economic transformation. From reducing costs to supporting financial inclusion and boosting economic growth, MoMo’s cashless payment solutions are paving…
As part of its commitment to leading digital solutions for Uganda’s progress, MTN Group Fincommerce, a subsidiary of MTN Fintech Group in partnership with MTN MoMo Uganda and collaborating with Mastercard, has officially launched its new e-commerce platform, Market by…
MTN Uganda has once again solidified its leadership in the telecom industry with exceptional performance over the first nine months of 2024 under the guidance of CEO Sylvia Mulinge. The company’s achievements reflect a robust commitment to enhancing digital connectivity…
Sarah Arapta, CEO of Citi Bank Speaking at the recent Women’s Economic Empowerment Forum (#WEEForum2024) in Kampala Women constitute over half of Uganda’s population and represent a powerful, yet underutilized economic force. With more than 18.2 million young women under…
In today’s digital landscape, capturing moments through video or social media posts has become nearly instinctive. This shift towards online expression, whether personal or commercial, underscores the influence of the creator economy, redefining how we communicate, consume, and share experiences.…
Dr. Fabian Kasi, Managing Director of Centenary Bank Uganda, stands out as a transformative leader with a visionary approach and unwavering commitment to financial inclusion. In Uganda’s banking landscape, Dr. Fabian Kasi, Managing Director of Centenary Bank Uganda, stands out…
By Isaac Tugume Uganda is grappling with a deadly enemy—counterfeit products—and Speaker of Parliament Rt. Hon. Anita Among is calling for immediate action. Counterfeit goods are flooding the market, posing grave threats to both the economy and the lives of…
After more than a decade of anticipation, Uganda’s Karuma Hydropower Plant has finally been commissioned. Launched in December 2013, the project has navigated numerous hurdles—from technical defects and delays to disagreements between the government and contractors. Yet on Thursday, Karuma…
Service excellence is a vital pillar for the success of any organization, especially in industries where customer satisfaction and operational efficiency are paramount. In today’s competitive business environment, where companies strive to deliver more value and superior experiences, the role…
In a landmark move set to revolutionize women’s entrepreneurship in Uganda, the World Bank, through the Private Sector Foundation Uganda (PSFU), has announced an unprecedented grant of USD217 million (over Shs807 billion). This transformative initiative aims to provide women entrepreneurs…
East Africa is making significant strides in space technology, positioning itself as a burgeoning hub for space-related activities on the African continent. The region’s growing interest in space is not just a matter of national pride but is seen as…
British American Tobacco Uganda Limited has registered a 21.6% increase in net profit from Shs3.7bn to Shs4.5bn for the first six months of 2024, further showing the company’s continued growth trajectory. The company executives said on Aug.2 that the macro-economic…
MTN Uganda has announced a significant 29.7% increase in net profit to Shs 295.7 billion for the half-year ended June 2024, driven by robust growth in voice, data, and fintech services. The telecom company’s voice revenues rose by 15.1% to…
After a hiatus of over 30 years, the iconic French automobile brand Peugeot has made a triumphant return to Uganda, bringing a blend of elegance, innovation, and economic promise. The re-launch event, held at The Motor center Multibrand Workshop, marked…
MTN Uganda successfully held the inaugural MTN ICT Expo 2024, a landmark event set to revolutionize Uganda’s digital landscape. The Expo, held on the 1st and 2nd of August at the prestigious Mestil Hotel, brought together industry leaders, innovators, and…
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 with essential skills to penetrate the lucrative East…
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 Toyota Land Cruiser legacy. Designed to embody 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 Finance Bank and the Board Chairman of the…
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 served by Uganda Airlines’ flagship A330-800 aircraft, starting…
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 at any time without necessarily moving to the…
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 in the Murchison Falls Nature Park, has been…
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 from the previous day’s closing price. This upward…
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 such as robotic arms and automated fillers and…
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 a total of Shs 80.6 billion (approximately USD…
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 the role, having worked with both international and…
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 from Kenya, where he has been the Commercial…
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 Uganda (CCBU) has innovated to create a system…
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 with the Ugandan Capital Markets Authority’s reported UGX…
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 up additional financial capacity for investments in Pan-African…
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 offering a flexible and secure savings solution. Raising…
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 headquarters in Kampala today. This visit, highly anticipated…
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 growing global trend among businesses. Under the theme…
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 billion ($10.2 million) in 2022. The company attributed…
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 recommendation from the NSSF Board of Directors after…
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’ which took place from June 18th to June…
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 to continue equipping youths with digital skills. This…
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 shares against 1.6 billion shares on offer, The…
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 said on June 10. The new routes will…
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. BOU’s decision, which also places Mercantile Credit Bank,…
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 Care” campaign. This initiative, an extension of the…
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 abroad with ease. Josephine Nakato Kasacca, Lead Customer…
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 MTN Uganda’s future prospects and the Ugandan telecommunications…
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 Tractor is particularly suitable for heavy-duty distribution transport…
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, offering a grand prize of US$50,000 and a…
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 has implemented various initiatives to minimize its environmental…
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 MTN Uganda and the people of Uganda, reinforcing…
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 markets, Mr. Tsheole brings a wealth of experience…
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 started on May 15th, aims to incentivize customers…
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 qualities, transformative vision, and outstanding contributions being key…
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 Limited (MTN Uganda or the Company), hereby announces…
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 people and businesses on the continent. This projected…
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 on Saturday. The Uganda unit of South Africa’s…
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 most admired brands in Africa, Brand Africa revealed…
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 country’s youth unemployment crisis, with approximately 10 million…
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…
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…
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 career spanning over two decades, Grace has risen…
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 exercise that started in January with the advertisement…
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 luanch today that it caters to the needs…
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 reaffirmed its commitment to fulfilling its mandate of…
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 billion, a record high, driven by strong leadership…
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 November last year to join Mayfair Insurance. Kenyan…
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 an extensive network of 80+ branches across East…
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 the awards 19 years ago. Primary dealing involves…
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 is set to end a period of sluggish…
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 of girls in education across the Karamoja sub-region.…
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, will showcase Uganda’s iconic tourist attractions, cultural landmarks,…
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…
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,…
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 by significant achievements and contributions to Absa Group’s…
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 campaign of the continent’s rich diversity, heritage, and…
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 offices in Arusha, Tanzania. In their meeting, the…
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 Awards held recently at Speke Resort Munyonyo said…
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 subscribers stood at 19.5million as at the end…
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 of Green and Inclusive Finance (AAGIF) aim to…
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, other frontier markets are expected to start issuing…
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 for us to have debt transparency accountability and…
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 was designed to cater to the distinct credit…
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 take place on May 9, 2024 at the…
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 in Lone Star State law, it created a…
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 2023, the Deputy Chairperson of the Budget Committee,…
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. The Kyambogo Ultra Challenge Run, held annually since…
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 and 2024. The UK has imposed sanctions…
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 portfolio in the products we provide to the…
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 efforts in advancing women in Science and Technology. SLB…
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 a dynamic synergy that benefits both the banking…
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 only aligns with TotalEnergies’ ethos of sustainability and…
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 performance rate of 98.2%, with the monetary authority…
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. Therefore, on April 25, 2024, TotalEnergies’ Board of…
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 the bank’s commitment to providing innovative and customer-centric…
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 Centenary Bank, together with its subsidiary, Centenary Foundation…
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 numerous advancements and achieving many firsts in Uganda…
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 cars on the roads in China by 2030…
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. China Henan found itself on the wrong side…
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 services which grew by 11.6 percent, while the…
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. The cement company revealed plans to relieve its…
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 2024. A successor will be announced in due course. Kayode Solola,…
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 Finance Bank (HFB) has joined forces with EIB…
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 schedule, according to the Fund’s 10-year Strategic Plan.…
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 sustainability of power supply – a key factor…
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 provided a platform to delve into the continent’s…
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 wildlife conservation, and several success stories have been…
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 embracing the future with vigor, Pepsi’s updated look…
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 Limited (SBGS) and by virtue of that position,…
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 banking hours at select branches, allowing customers to…
[vc_row][vc_column][vc_column_text] 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 across the continent. As the Group President…
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, emerged as a visionary leader advocating for the…
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 sending money from other countries to Uganda. Currently,…
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. According to the information available, she will be…
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 accelerated sales, and ESG is currently the framework…
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 concept but a reality resulting from the popularity…
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 Publicist East Africa, in partnership with Brand Africa…
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 receive their compensations within an impressive 10 days…
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 discussed trade opportunities between the two countries for…
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 Bank to deliver improved support conveniently to 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 West African markets. Ms. Mulinge whose tenure in…
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 2021, the Fund launched the NSSF Hi-Innovator programme,…
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 their production processes locally. The forum which ran…
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 Medium Enterprises. Enid Edroma, the general manager, Corporate…
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 Bank’s website allows customers to buy Treasury Bills…
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 experience in finance and over 13 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 Uganda and SafeBoda operating in Kampala. UCC in…
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 facilitating oil importation into the country by financing…
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 South Africa’s African Business Magazine on Africa’s Top…
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, offering a precedent for other regulators to ratchet…
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 (AEW) – Africa’s premier event for the oil…
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 MTN Uganda. Mackinon, who spoke to the youth…
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 quarter ended June 30, 2022. MTN Mobile Money…
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 effectively from March, 2022. In March this year,…
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 underpinned by a cooperation agreement signed between MTN…
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 is stepping down to pursue a different career…
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 MOU btn Post Bank and Federation of small…
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 safety. The initiative was created and developed by…
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 strategy for PostBank. Prior to her appointment as…
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 the economy to improve in the second half…
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 the other hand, the country’s largest commercial bank,…
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 standards to establish if it is consistent with…
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 and South Sudan, the Borderless Banking solution has…
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 by Amazon Web Services (AWS) following a partnership…
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 March 31, 2022, Cipla posted a profit after…
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 FINCA’s 30th anniversary in Uganda will involve restoration…
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 revenue grew by 12% to Shs 50.7bn as…
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, brings close to 25 years of experience to…
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 Sudan, says it has reached an agreement to…
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 of Finance, Planning and Economic Development on the…
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 exchange rate. According to the Uganda Bureau of…
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 provides fast, convenient, easy-to-use hospital and life cover…
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 under the National Payment Systems Regulations, seeks to…
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 approved the transaction. “This is to inform the…
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 & technological transformation, the communication profession has never…
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 region. Tabaro observed: “The appointment gives immense opportunity…
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 based innovation ecosystem to facilitate the usage of…
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 well for Jomo Kenyatta International Airport (JKIA), which…
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 represent as much as 85% of the continent’s…
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 hours on Uganda’s status. In his State of…
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 Home,” a Ugandan should have been appointed. Ms…
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 at Stanbic Bank Uganda prior to her appointment. …
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 Bank, this average income by a Ugandan is…
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’ lives using technology. Mulinge replaces Wim Vanhelleputte, who…
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 that they say will affect the livelihoods of…
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 billion to its 21,452 shareholders for the year…
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 NSSF Suppliers Forum, access to finance through advance…
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 (PwC). “We did not advertise but instead developed…
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 is all evidence that there is a real…
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 sudden death of the father of her children…
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 was at Imperial Royale Hotel, where President Museveni…
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 Executive Officer, Patricia Ojangole, revealed on June.24 immediately…
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 Foundation in partnership with Enabel a Belgian NGO.…
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 will be the first to pay dividends to…
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 MediProtect, a joint offer by the bank and…
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 Development (PNSD) aimed at delivering all the required…
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 Uganda, in April 2020 put in place enhanced…
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 Housing Finance Bank, a fully government owned commercial…
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 Okiria, shows that Muleya was picked up for…
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 for the purchase of land in Greater Kampala…
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 going to take a considerable streak of successful…
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 regulated by Bank of Uganda and overseen by…
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 media statement. Since 2015, the UK Government has…
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 Care. This follows a series of community outreach…
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, and will focus on all electronic service providers.…
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 Officer, Lilly Ajarova made the pronouncement while speaking…
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 David Galukande, Rugeyo Farms’ Robert Kabushenga, and Uganda…
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 NOT JUST ABOUT COMMERCE AND CLOUT BUT ABOUT…
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 June15, 2022, USE says based on a comprehensive…
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, alienating, disposing of, taking possession, or any action…
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 made by Samuel Apedel, the Senior Manager Public…
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 than two years ago and movement became 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 entity’s digitalization of systems and operations for the…
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 a ruling by the Tax Appeals Tribunal (TAT).…
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 (below 1% mark for years), UAP Old Mutual…
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 million products and delivers to every district in…
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 5G Services” award with its “5G Transport Network…
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 multinational professional services network of firms, which ranks…
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 the Country Leader. Her tenure started in May,…
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. Kunishi Mori, Kansai Paint’s president said, “We are…
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 has retired from Standard Chartered Bank after more…
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 executives told reporters at their offices in Luzira…
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 up by the university ahead of the official…
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 in Tilenga Development Area. Following the declaration of…
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. In short, there have been no internet services…
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, Michira was the head of the Marketing Department…
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 in grants and soft loans with flexible terms…
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 other projects. The minister of education will be…
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 great growth prospects. Kariisa who joined the bank’s…
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 2022. Coca-Cola Beverages Africa (CCBA) is the largest…
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 its iconic green bottle means more Sprite bottles…
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 a loved one who is either a member…
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 than $2.1bn and the new entity should rank…
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 vice president of risk and finance at 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 expense management. The insurer, which owns 45% of…
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 abroad via their phones. WorldRemit, a cross-border digital…
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 65 million shillings cheque to Makerere University Vice…
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 (#1 media brand) and GT Bank (#1 financial…
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 acquired by shareholders above their nominal price— drop…
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 of MTN Mobile money looking after Corporate Accounts,…
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 Uganda for the last two years. While welcoming…
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 West and Southern Africa Region as chief executive:…
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 read on Saturday. This follows NBL’s earlier application…
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 high cost of genuine smartphones. Last year, her…
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 Action Task Force (FATF), a global inter-governmental organisation…
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 Led by John Musinguzi, the Commissioner General, officials from…
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 6 in which BHM Research & Intelligence announced…
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 measures. The industry is mainly driven by transport,…
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 the pre-COVID period. Umeme recorded a 9% growth…
Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments.…
Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn Ushs. 269billion from Ush.242bn in 2020, driven mainly by strong growth in non-interest income earned by mostly Stanbic Bank Uganda Limited, its…
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 the World Bank aims at strengthening land tenure…
Dfcu Bank Limited on Thursday announced its audited financial results for the year ended 31 December 2021 with core business metrics remaining as total operating income grew by 21% to Ugx 369 Billion. According to the dfcu Bank Chief Executive…
Petition filed by Samuel Obedgiu has raised concern over Chipper Cash operations in the market, tasking officials at the Capital Markets Authority (CMA) to explain how the firm is encouraging Ugandans to invest in global stocks without issuing a prospectus…
Uganda Tourism Board (UTB) on Wednesday launched its new destination brand Explore Uganda, The Pearl of Africa, as part of a tourism and media launch event held at the Sheraton Jumeriah Beach Resort in Dubai, United Arab Emirates. The launch…
Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. “On behalf of the Board, I am delighted to announce the appointment of Arrie as our Group CEO. I am confident that his leadership…
On March 30, Stanbic Bank donated Shs 70 Million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge and volunteerism, in their various professional backgrounds. “We live in…
The Netherlands Embassy in Kampala partnered with the award-winning Ugandan fintech Emata to accelerate the availability of affordable digital loans to smallholder farmers in Uganda. The partnership includes a grant of up to $590,000 (UGX 2.1 billion) to fund loans…
A Rwandan scientist, Audace Nkeshimana, who graduated from Massachusetts Institute of Technology (MIT), an elite US-based university, is looking to make radiology services remotely accessible to Rwandans by using Artificial Intelligence (AI). Nkeshimana says he looks to “democratize” the medical…
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 the oil will be critical in strengthening the…
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 and that of the company. In a March…
The Uganda Tourism Board (UTB) in partnership with Private Sector Foundation Uganda (PSFU), Uganda Tourism Association (UTA), Mastercard Foundation and Adventure Vacation Safaris are hosting a domestic tourism promotion tour at Murchison Falls in a bid to promote domestic tourism,…
As pressure is mounting for countries to reduce carbon dioxide emissions, the government of Uganda has partnered with an investor to build a carbon-neutral refinery to meet the energy needs of the East African region. Most of the natural gas…
The Luxembourg Stock Exchange (LuxSE) and Rwanda Stock Exchange (RSE) have signed a long term Memorandum of Understanding (MoU) between the two institutions to improve cooperation. The event was held during a special Ring the Bell ceremony held in Luxembourg,…
Kenya’s Equity Group saw its net profit nearly double for the 12 months to December 31, 2021 on the back of a reduction in loan loss provisions and growth in interest income from lending to the government. Profit After Tax…
Digital credit providers (DCPs) in Kenya will have to disclose their sources of funds and provide evidence of the same following the coming into force of a law meant to regulate the sector. The new regulations published Monday by the country’s financial…
Cipla Quality Chemicals Limited (CiplaQCIL) has joined other stakeholders in drug manufacturing, storage, regulation and sales to participate in the East Africa Phartech Pharmaceutical and Healthcare Exhibition. Speaking on the sidelines of the launch of Uganda’s premier international exhibition, which…
Kyambogo University has partnered with China National Offshore Oil Corporation (CNOOC) for collaboration in the areas of internship, employment of graduates, Joint research, and technology transfer, among others. Prof. Eli Katunguka – Rwakishaya, the Vice Chancellor appreciated the opportunity since…
The government is determined to continue with the electronic system of agricultural input purchases. The e-Voucher system launched in 2019 was developed by United Bank for Africa and used as a purchase and payment system to boost the Agriculture Cluster…
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 20.8 billion above its weekly target of UGX 50 billion. Speaking to media at a press briefing held today at Workers House, the…
Developed in partnership with The Humane League, the first-of-its-kind commitment goes beyond what legislation prescribes and contributes to further improvements in farming conditions in the region. Under the new Farmed Animal Health and Welfare Policy, Majid Al Futtaim will promote…
One of the biggest recent surprises in the African logistics sector over the past few months has been Bolloré’s decision to pull out of the industry. The French conglomerate has been a major player over many decades, with operations ranging…
Uganda Airlines has completed feasibility studies on a number of routes the National Carrier plans to fly to. Some of the routes in question include Mumbai in India, London in United Kingdom, Goma and Lubumbashi (both in the Democratic Republic of…
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 themed “Upgrade your tech today”. This year’s Jumia…
The Rt. Hon. Robinah Nabbanja, the Prime Minister of Uganda has urged entities charged with overseeing the oil and gas operations in the country to widely publicise the National Oil Spill Contingency Plan (NOSCP) that she officially launched today. The…
Ugandan Apple Products’ dealers Sagebuyers have announced a partnership with Lipa Later, Kenyan tech-led consumer credit platform to enable their clients receive iPhones and other Apple products available at the Sage Buyers store on credit. The new arrangement that targets…
Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land.…
The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127…
The social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to Stanbic Bank Uganda, as the lender’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses…
Over the last two years, the COVID-19 pandemic impacted businesses on national and global scale. Governments in many developing countries introduced severe containment measures, involving restrictions on economic activity and mobility, to curb the spread of COVID-19. In Uganda, public transport…
Bancassurance contributed UGX103.5billion to the UGX1.1trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22% to consolidate its position as market leader. Bancassurance is the sale of life assurance and other general…
Saltson, a Ghanian national was appointed CEO and Managing Director of Standard Chartered Bank Uganda in March 2017. He took over from Herman Kasekende, the first Ugandan to head Standard Chartered Bank, having been appointed to CEO Standard Chartered Bank…
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 that digital safety is a fundamental right for…
Michael Atingi-Ego, the Deputy Governor of Bank of Uganda, said, “Uganda’s inspirational ranking amidst a raging Covid-19 pandemic should galvanize us to sustain the good policies and interventions as well as to undertake the strategies that will unleash the power…
The Deposit Protection Fund (DPF) has revealed that it has about 20.1 billion which is supposed to be paid to shareholders and depositors of closed financial institutions upon the conclusion of liquidation processes by the Bank of Uganda (BOU) In…
Kampala – 3rd May 2022: Airtel Mobile Commerce Uganda Limited (AMCUL), the leading mobile financial solutions provider in the country, has today appointed Hon. Maria Kiwanuka as Board Chair. The appointment that was announced by Airtel Money Africa’s Group CEO,…
March 3, 2022. The Insurance Regulatory Authority of Uganda (IRA) has launched the inaugural Insurance Week, an event that seeks to take insurance information closer to the people so as to enable people make informed buying decisions and increase the…
CNOOC Uganda has confirmed a final investment decision (FID) for the Kingfisher field, marking another step forward for the Lake Albert development. Energy Minister, Ruth Nankabirwa, said on November 3rd the chairman of CNOOC had reported the FID to her…
Representatives from MTN Uganda and SBG Securities plus Crested Capital (stockbrokers of the MTN IPO), have arrived in Arua for a town hall meeting to drive awareness and provide vital information about the MTN offer of shares and the stock…
Uganda Investment Authority (UIA) yesterday 2nd November 2021 received 1 square mile of land for industrial park development from the Ministry of Defence in Nakasongola. The land was received by the UIA team led by their Chairman, Morrison Rwakakamba. UIA,…
The Buddu County (Pokino) has urged the people of Masaka to embrace economic development as MTN spreads awareness about how Ugandans can participate in the ongoing MTN Initial Public Offering (IPO). Levis Sempiira who was representing the Pokino of Buddu…
Standard Bank customers in eight African countries to enjoy enhanced digital payments experience in partnership with Flutterwave On 28th October 2021, in Johannesburg, South Africa, Standard Bank, the parent company of Stanbic Africa Holdings Limited for which Stanbic bank Uganda is…
The parliamentary trade committee has stopped the payment of a stimulus package of Shs 3 billion to Kampala Serena hotel by Uganda Development Corporation (UDC). Serena hotel is owned by a consortium that includes Tourism Promotion Services (TPS), a division of…
China National Offshore Oil Corporation (CNOOC) Uganda has stepped out with projects aimed at preparing Bunyoro kingdom subjects to tap into opportunities created by the oil and gas sector. While the discovery of oil in the Albertine region has raised…
The Uganda Investment Authority (UIA) and the American Chamber of Commerce Uganda (AmCham) have today signed a Memorandum of Understanding (MoU) to promote and facilitate American investment in Uganda. The agreement aims at creating a favorable climate for economic activity…
Ecobank Uganda, a member of the leading pan-African banking group, the Ecobank Group, is celebrating the ninth annual Ecobank Day, its flagship corporate and social responsibility annual event that ‘gives back’ to the local communities across Africa. Ecobank Day is…
The Uganda Tourism Board (UTB) has urged Government to provide additional funding to a tune of Shs3.3bn to promote Uganda’s tourism at the ongoing Dubai Expo despite questions raised on the partial expenditure of Shs360M the Board received in the first…
The committee on trade, tourism, and industry has tasked the Uganda Tourism Board (UTB) to account for the 360 million shillings spent during the Dubai 2020 Expo. UTB led by its Executive Director Lilly Ajarova today appeared before the committee…
Airtel Uganda has partnered with Ankole Coffee Producers Cooperative Union(ACPCU) to provide the convenient Airtel Money payments platform services to enhance payments of ACPCU’s member farmers in a simple and secure way across the Ankole region. This partnership will simplify…
The Uganda Registration Services Bureau (URSB) as part of their All- digital, All-online strategy has today, 26th October 2021, launched an Intellectual Property (IP) Online Filing (Front Office) System that is designed to enable the public file for IP protection…
Stanbic Bank and traders under the umbrella body, Kampala City Traders Association (KACITA), recently signed what they described as a ground-breaking trade and tax partnership pact that will ease the clearing of their imports. Stanbic Bank and KACITA say their…
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 ceased at least 3000 bags of powdered milk…
In a highly anticipated event, MTN Uganda’s youth platform, MTN Pulse yesterday on the 24th October 2021 unveiled a partnership with seasoned fashion mogul, Santa Anzo through her establishment ARAPAPA by Santa ANZO to mentor and equip the youth with…
It is as fresh as an oven-baked cake that MTN Uganda has offered over 4.5 billion shares to the public for acquisition. The offer signifies that the public can now become shareholders of MTN meaning they will own part of the…
MTN Uganda in partnership with SIMFY, the developers of Ayoba, has launched a campaign dubbed ‘Life inside Ayoba’ that will see Ayoba users sending MTN MoMo for free to fellow Ayoba users. Introduced to the Ugandan market last year, Ayoba,…
Uganda Revenue Authority (URA) has missed its target for the first quarter of the financial year 2021/22 by Shs 499.49 billion. Out of the Shs 4.959 trillion target set by government, the tax body managed to collect Shs 4.459 trillion. However,…
ACCA Uganda and Deloitte have officially unveiled the 5th (2021) edition of the Chief Financial Officer Awards to be held on December 09th, 2021 under the theme, “Finance leaders as drivers of sustainability.” The launch of the awards strategically coincides…
When MTN announced that it would be selling shares to the public last week, it emphasized that Ugandans would take priority. The telecom even revealed some incentives that Ugandans would enjoy in form of bonus shares in addition to taking…
Stanbic Bank Uganda has taken control of petroleum products distributor MOGAS after the latter reportedly failed to pay back a three-year loan. The bank immediately put the company, whose full name is: Maestro Oil and Gas Solutions under receivership to…
On Monday 11th October 2021, MTN Uganda opened its Initial Public Offer that will run until 22nd November 2021 at 4 pm. The MTN Uganda Chief Executive Officer (CEO), Wim Vanhelleputte, sheds more light on the MTN IPO, responding to…
Whereas several Ugandans are struggling to access their savings with the National Social Security Fund (NSSF), the managers of the Fund are literally swimming in billions of cash. Credible sources within this government entity have revealed to this website that…
“Mr. Kanyagoga was irregularly recruited as he didn’t meet the criteria in the advert and lacks the requisite integrity to run such a highly specialized agency with regulatory powers,” said a Whistleblower. A whistleblower only identified as Jabbe Pascal Osinde…
For 10 years now, Forbes has published an annual definitive compilation/list of young people changing the world by building brands, creating jobs, and transforming lives in their respective fields. Today, 08th October 2021, a call for nominations for the class…
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 the Dubai Trade Expo, where they failed to…
The strategy by telecom giant MTN Telecommunications Company of getting Ugandans involved as partners in its activities has been described as very important by President Yoweri Museveni who said it allows Ugandans and Africans to be partners in all the…
Uganda Securities Exchange’s (USE) Securities Central Depository (SCD) and MTN Mobile Money have today unveiled a digital SCD account opening platform to further efforts towards financially including all Ugandans. A Securities Central Depository commonly referred to as an SCD account…
Stanbic Uganda Holdings Limited (SUHL), a member of the Standard Bank Group, has demonstrated business resilience, weathering through the effects of the Covid-19 pandemic to post a robust performance in the first half of 2021 with strong growth across all…
Equity has been named the Best Regional Bank in East Africa by the 2021 African Banker Awards. The award was conferred to the Bank for its strong and consistent financial performance, its role in leading the disruption of Fintech innovations…
MTN Uganda, in line with its vision of delivering a bold new digital world to its customers is set to transform Uganda’s homes into smart homes with MTN WakaNet MAX, a home Internet solution that offers affordable and reliable 4G…
Transformation of Uganda into a modern, prosperous society as laid out by the National Development Plan III will largely depend on how fast Uganda can harness, protect and utilize intellectual property, the Uganda Registration Services Bureau (URSB) Registrar General Mercy Kainobwisho…
The economy in general and the real estate sector specifically, remained subdued over the past one and a half years due to the lockdown restrictions that affected different sectors of the economy. In the previous property market report (H2-2020), the…
The signing of the Shareholder’s agreement of EACOP and the Tariff and Transportation Agreement by Uganda and Tanzania, resulted in a marked increase in inquiries across asset classes in Kampala. The aforementioned agreements opened the way for the development of…
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 said that in her term at office, she…
Vice President Jessica Alupo has said corruption is partly seen in leaders’ behaviors and called for exemplary leadership to fight the vice. “You are holding these public offices in trust of the citizens. We need to be exemplary as Leaders…
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 handed over to Uganda this afternoon at a…
Ministry of health has condemned malicious attacks on Ministry of Health officials by groups of persons who have been politically organised with an intent to defame . This follows yesterday’s protests by a group of people who called for resignation of…
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, as measured by the Business Tendency Index (BTI), turned pessimistic in…
The National Bureau for Non-Governmental Organisations (NGO Bureau) under the Ministry of Internal Affairs has said Maya Project Uganda Chapter, an organization under spotlight for alleged trafficking, is nota registered NGO. NGO Bureau is mandated to register, regulate, monitor, inspect, coordinate…
The Uganda Investment Authority (UIA) is on move to prioritize channeling its investment support to local scientists and innovators that are active in the pathogenic economy. Uganda stands to benefit from investments in this nascent sector. The COVID-19 pandemic has underscored…
Government has agreed to take over Busoga University as a public institution with its sh15b loan, which President Museveni on Sunday morning said will be paid after its accountability. The development follows a series of meetings between Government officials and…
The Communications sector in Uganda has weathered the storm caused by COVID 19 and registered growth, with total subscriptions crossing the 28 million mark, according to the Uganda Communications Commission (UCC) quarterly market report. The report indicates that there was…
Prudential Assurance Uganda Limited (Prudential Uganda) has successfully transferred the policy holders, staff and agents of International Air Ambulance Healthcare (IAA Healthcare) to its business. This follows a comprehensive transfer process that was presided by the insurance industry’s supervisory body,…
African Guarantee Fund has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer.