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,…
The Ugandan government‘s decision to ban doctors and medical personnel employed by the state from owning and running private facilities is a move aimed at improving service provision in the health sector. This directive, set to take effect on July…
Somalia’s membership of Afreximbank is a significant milestone that places the country on a path of sustainable economic transformation, upgrading of the country’s trade and industrial infrastructure Somalia has formally acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank),…
The private sector has a critical role in promoting sustainable water usage and mitigating the effects of climate change. This was emphasized by officials from Stanbic Bank Uganda and Uganda Breweries Limited (UBL) during a panel discussion organized by the…
As part of its Women’s Month celebrations, MTN Uganda’s Business Segment Manager, Justina Icabala paid a special visit to DFCU Bank’s Executive Director & Chief Corporate and Institutional Banking Officer, Kate Kabaingi Kiiza to recognize her outstanding efforts in advocating…
In a strategic move to expand its product offerings and cater to premium customers, Crown Beverages Limited has launched Nivana Packaged Drinking Water in sleek glass bottles. This innovation not only responds to customer demand but also supports environmental sustainability,…
Roofings, a leading manufacturer of steel products in Uganda, is playing a vital role in contributing to the country’s economic growth. With its state-of-the-art manufacturing facilities and commitment to quality, Roofings, which is under the proprietorship of Sikander Lalani, is…
MTN Uganda, through its Corporate Social Responsibility arm, MTN Foundation, has today officially inaugurated a new school block at Ocokican Community Secondary School in Ocokican Sub-County, Soroti District, in Eastern Uganda. This significant development includes two classrooms, a laboratory, 60…
As Uganda’s oil and gas sector continues to evolve, strategic partnerships have emerged as a vital component for driving growth, productivity, and profitability. According to Ali Sekatawa, Director Legal, at the Petroleum Authority of Uganda (PAU), partnerships at all levels…
The Ugandan government has revised the final buyout price for national power distributor Umeme to USD190.9 million, approximately Shs699 billion, from the earlier estimated USD191 million, about Shs700 billion. This development comes as Umeme’s concession ends on March 31, 2025.…
The Bank has approved 77 projects valued at $3.9 billion to support the implementation of Country Food and Agriculture Delivery Compacts across 32 countries, with an additional $1.72 billion in planned approvals this year African Development Bank Group, President Dr.…
Also wins Best Bank for Trade Finance in Burkina Faso, Côte d’Ivoire and Rwanda Ecobank Group, the leading private pan-African financial services group with unrivalled African expertise, is proud to be named as the Best Trade Finance Provider Bank in…
As the world celebrates Women’s Month, MTN Uganda’s Senior Manager for Supply Chain Logistics, Sharon Nyaika, paid a courtesy visit to Dr. Paulina Chiwangu, the UN Women Representative in Uganda. The visit was a gesture of appreciation for UN Women’s…
Uganda’s economic transformation can only be achieved through sustainable development, according to Patricia Ojangole, Managing Director of the Uganda Development Bank Limited (UDBL). This statement emphasizes the crucial role sustainable development plays in driving economic growth while mitigating climate change.…
Uganda’s national carrier, Uganda Airlines, has launched direct flights from Entebbe to Gatwick Airport in London, marking a significant milestone in the country’s aviation history. This new route is expected to boost tourism and trade between Uganda and the United…
The East African Crude Oil Pipeline (EACOP) Limited has taken a significant step towards building local expertise in Uganda’s oil and gas sector. In collaboration with Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (PCK) and Avanti Energy…
Over 260 Young Artists Poised to Showcase Talent as Africa’s Creative Economy Gains Momentum Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is doubling down on its commitment to Africa’s creative economy by partnering with Ecobank Nigeria, Soto…
In celebration of Women’s Month, MTN Uganda’s General Manager for the Enterprise Business Unit, Ibrahim Senyonga, paid a courtesy visit to Jean Byamugisha, Chief Executive Officer of the Uganda Hotel Owners Association (UHOA), in appreciation of her remarkable leadership in…
The government of Uganda has, through the Climate Change Department (CCD), launched the Climate Mobility Blueprint for Uganda, a groundbreaking initiative developed by the Global Climate Center for Climate Mobility (GCCM), in collaboration with the Ministry of Water and Environment.…
The Executive Director of the Petroleum Authority of Uganda (PAU), Ernest Rubondo, has hailed insurers in Uganda for their transparency in declaring revenue from the oil and gas sector. Speaking at the Insurance Consortium for Oil and Gas Uganda (ICOGU…
By leveraging platforms like AGES, Africa can strengthen partnerships, unlock funding, and implement policies that drive a sustainable and resilient future The African Development Bank Group participated in the third edition of the Africa’s Green Economy Summit (AGES) in Cape…