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…