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…