Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…
MTN recently announced that 4.5billion shares are up for grabs in the company, which will see Ugandans move from only being customers to becoming shareholders. In this article, we’ll give you a step-by-step guide on how to apply for the…
Huawei has today, on the 21st October 2021, kicked off the 2021 edition of the Seeds for the Future training program in a virtual event. The launch was been officiated by H.E Ambassador Mugisha Fred the Deputy Head of missions…
On September 8th, 2021, Parliament adopted a raft of recommendations to revive the economy, currently battered by the Covid-19 pandemic, key among which is the implementation of a Tourism Development Levy. “The Committee proposes a levy of $10 to be…
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 Wednesday, 13th October 2021, United Arab Emirates-based investor, Majid Al Futtaim, announced that through his supermarket brand Carrefour will be taking over all Ugandan retail stores operated by Shoprite Checkers Uganda Ltd, as they exit the country. Majid al…
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…
Uganda Airlines is planning to increase frequency on its Entebbe-Dubai route following impressive passenger traffic after the launch on October 7. Speaking at a launch ceremony in Dubai on October 9, the airline’s acting chief executive Jennifer Bamuturaki said that…
Coffee farmers in Nebbi and the West Nile region investing in organic Arabica coffee have been advised to work towards, observe, and maintain the quality of coffee beans that suits the international market. This was during the Power and Voice…
NSSF in a media statement on 15th October 2020 stated that the fund has money for Mid-term payments but it was shocking to hear Managing Director Richard Byarugaba on Thursday while meeting Members of Parliament on the Gender, Labour, and…
Upon finalization of the share acquisition transaction, Kenyan I&M Group announced plans to rebrand its newly acquired business in Uganda, Orient Bank Ltd to I&M Bank (Uganda) Limited. I&M PLC’s acquisition of 90% shareholding in Uganda’s Orient Bank Ltd (OBL)…
MTN Uganda early this week announced the opening of its Initial Public Offer for 20% of its company’s shares, an opportunity for the public to apply for a stake in the company. Stanbic Bank is MTN’s Transactional advisor for MTN’s…
Yesterday, 14th October 2021, One of Uganda’s most prominent businessmen, Patrick Bitature, was appointed Board Chairman of Bolloré Transport and Logistics company, a subsidiary of Bolloré International which operates across 109 countries globally. “It is with my country’s need in mind…
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…