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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…