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…
In a bid to boost tax compliance and drive economic growth, the Uganda Revenue Authority (URA) has turned to religious leaders for support. The URA today held a high-level dialogue with the Inter Religious Council of Uganda (IRCU), during which…
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…
This Bank crisis response operation, implemented in collaboration with the ICRC, goes beyond short-term humanitarian interventions to invest in long-term resilience and sustainable development The Board of Directors of the African Development Bank Group has approved a $19.85 million grant…
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…
These accolades underscore AFC’s pivotal role in landmark transactions that drive sustainable development and economic growth across the region Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has been recognized for its outstanding contributions to Africa’s financial and…
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,…