Uganda’s coffee industry has once again proven its power as a major economic engine. In December 2024, the Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) reported an impressive surge in coffee export revenues, reaching USD 115.02 million—up from USD…
In a move set to revolutionize the financial landscape of Uganda, MTN Mobile Money (MoMo) has introduced Digital Credit, an innovative financial service designed to provide individuals and businesses with convenient, secure, and affordable credit facilities. This groundbreaking service is…
In a bid to safeguard the interests of shareholders, the Capital Markets Authority (CMA) of Uganda has introduced stringent regulations regarding the appointment or replacement of Chief Executive Officers (CEOs) in companies operating within the country. This move is aimed…
The Uganda Tourism Board (UTB) announced today that its outgoing Chief Executive Officer, Lilly Ajarova, has been appointed as a Senior Presidential Advisor on Tourism. Ms. Ajarova, a respected figure in the Ugandan tourism industry, has served as UTB’s CEO…
Nicholas Opiyo, the founding Executive Director of Chapter Four Uganda, a prominent human rights organization, has stepped down from his leadership role after more than a decade. This marks the conclusion of a significant era for the organization, known for…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
Ugandans are known for their resilience, warmth, and entrepreneurial spirit—qualities that define the Pearl of Africa and its people. It is this deep understanding of Uganda’s dynamic and youthful population that has propelled Sylvia Mulinge, CEO of MTN Uganda, to…
The Bank of Uganda’s Monetary Policy Committee (MPC) decision to maintain the Central Bank Rate (CBR) at 9.75% reflects a delicate balancing act between supporting economic growth and mitigating inflationary risks. While the Ugandan economy continues to exhibit strong growth,…
The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has dismissed concerns raised by certain individuals and Civil Society Organizations (CSOs) regarding the use of specific pesticides in Uganda. In a statement issued on Friday, Permanent Secretary Maj. Gen. David…
Bank of Kigali Plc announced the appointment of Eugene Ubalijoro as its new Chairman of the Board of Directors, effective February 5, 2025. Mr. Ubalijoro succeeds Rod Michael Reynolds, who is retiring from the position. The appointment was made by…
American international money transfer company Mastercard has taken a significant step in expanding Uganda’s digital finance landscape by opening its first-ever office in Kampala. This milestone marks a new phase in Mastercard’s commitment to fostering financial inclusion and accelerating digital…
Dr. James Musinguzi has been appointed as the new Executive Director of the Uganda Wildlife Authority (UWA), replacing Sam Mwandha, whose two-year contract has ended. His appointment marks a pivotal moment for UWA, promising new strategies and initiatives to elevate…
The Bank of Uganda’s Monetary Policy Committee (MPC) today announced its decision to maintain the Central Bank Rate (CBR) at 9.75%. This decision comes amidst rising inflation, primarily driven by an increase in services inflation, particularly in passenger transport. While…
Sustainable agriculture is improving the livelihoods of millions of Ugandans engaged in crop and animal husbandry. Agnes Mbabazi, CEO of Agrifarm Uganda Limited, has taken this mission personally, striving to revolutionize agriculture in Uganda. With determination and resilience, Mbabazi fully…
The race for the presidency of the African Development Bank (AfDB) is heating up, with five candidates vying for the top position. As the election approaches in May 2025, the contest is shaping up to be a diplomatic and strategic…
Prof. Benedict Oramah and a high-level Afreximbank delegation met with H.E. William Ruto of Kenya during his state visit to Cairo, Egypt, to strengthen financial cooperation and advance Africa’s economic integration. The discussions highlighted the critical role of African financial…
On Tuesday, officers from the Criminal Investigations Directorate (CID) made a bold move in the fight against abuse of government funds by arresting nine senior officials from the Ministry of Finance. The arrests followed an ongoing investigation into the alleged…
In a significant step to improve financial access for farmers and the local business community, Centenary Bank has officially opened a new branch in Kiboga District. The branch, located on 2nd Street, opposite St. Felistas Catholic Parish, was inaugurated on…
Tullow Oil plc announced today that Richard Miller has been appointed as Interim Chief Executive Officer and Chief Financial Officer, effective February 14, 2025. This follows the departure of Rahul Dhir as CEO, who will step down from the Board…
Antonio Guterres, Secretary-General of the United Nations, has expressed his heartfelt condolences following the passing of His Highness Prince Karim Al-Hussaini Aga Khan IV. The Aga Khan, the 49th hereditary Imam of the Shia Ismaili Muslims and founder of the…
Uganda’s telecom industry is set to undergo a significant transformation in 2025, driven by emerging technologies and evolving customer demands. Speaking during a media roundtable at MTN Uganda headquarters in Kampala, MTN Uganda Chief Executive Officer, Sylvia Mulinge, said key…
Airtel Africa, a leading provider of telecommunications and mobile money services across Africa, has announced strong financial results for the nine months ending December 2024. Mobile services revenue grew by 11.4% to $1,367 million compared to the same period in…
Equity Bank Uganda recently celebrated the graduation of its first cohort of Equity Leaders Program (ELP) scholars, who have successfully completed their 3-year University Bachelor’s degree programs. The ELP, an initiative under the Equity Group Foundation, aims to nurture academically…
A tragic incident at Entebbe International Airport in the early hours of Thursday has not only shocked the aviation community but has also raised critical questions about the safety and communication protocols at Uganda’s primary international gateway. Two female passengers…
VAALCO Energy, Inc. today announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading (FPSO) Dry Dock Refurbishment Project. As scheduled, hydrocarbon production from the FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (CNRI), ceased…
Geoffrey Kihuguru, a distinguished businessman and insurance expert, has been appointed as the new Chairman of the Board of Directors at Uganda Development Bank (UDB). Kihuguru, who serves as the Chief Executive Officer of Pentad Insurance Brokers, brings a wealth…
The World Bank and the African Development Bank (AfDB) have launched “Mission 300,” a joint initiative aimed at providing electricity access to nearly 300 million Africans over the next five years through a $50 billion investment. The ambitious pledge was…
Telecom giant MTN Uganda has appointed Nigerian finance expert Victor Onyebuchi as the Head of Banking Operations for MoMo, its mobile money platform. MTN MoMo (Mobile Money) is a widely used digital financial service in Uganda and Africa that allows…
In a bid to enable Ugandan business operators to have easier and more affordable access to credit, Stanbic Bank Uganda has reduced its USD Prime Lending Rate (PLR) from 13.5% to 13.0% per annum. According to a statement from the…
The Netherlands government, through the CommonGround project, is empowering farmers in Bunyangabu and Ntoroko districts in western Uganda to engage in large-scale coffee farming. By providing both financial and technical support, the Netherlands is transforming local communities and enhancing their…
Uganda has retained its position as one of Africa’s top financial markets, securing fourth place in the 2024 Absa Africa Financial Markets Index. The report, released in Kampala on January 28th, highlights the country’s strong macroeconomic stability and improvements in…
The Bank of Uganda has appointed Collin Babirukamu as its new Chief Information Officer (CIO). Babirukamu brings a wealth of experience in digital transformation, cybersecurity, and financial technology to this critical role. His expertise in areas such as artificial intelligence,…
Uganda Baati Limited, a leading provider of innovative building solutions, has entered into a strategic partnership with Crestanks Limited, a manufacturer of safe water tanks and storage solutions. The collaboration aims to raise awareness and provide comprehensive rainwater harvesting solutions…
East African Breweries Limited (EABL) announced a 20% surge in profit after tax to KSh 8.1 billion in the first half of 2024, compared to KSh 6.8 billion in the same period last year. This growth was primarily driven by…
The Capital Markets Appeals Tribunal has barred the Capital Markets Authority (CMA) from proceeding with an inquiry into the conduct of eight directors of Imperial Bank during the application of a Ksh 2 billion corporate bond in 2015. The CMA…
In light of the recent Executive Order by U.S. President Donald Trump, which affected the distribution of life-saving HIV/AIDS medications globally, the Uganda AIDS Commission (UAC) has reassured Ugandans living with HIV that access to antiretroviral (ARV) therapy will remain…
SLB, a leading global technology company in energy, announced on Wednesday the opening of its Africa Performance Center in Luanda, Angola. This state-of-the-art facility, spanning 3,200 sqft, will serve as a collaborative hub for industry stakeholders, fostering innovation and development…
NCBA Uganda yesterday made a significant stride in its sustainability journey by unveiling its first electric vehicle (EV) charging station at its Head Office in Twed Towers, Nakasero. This move aligns with the bank’s “Change the Story” agenda, emphasizing a…
The Ministry of health has issued a public warning to all Ugandans and foreigners in the country about an outbreak of the deadly Sudan Ebola Virus Disease in Uganda, which has killed one person so far. The public warning about…
Uganda’s healthcare sector is poised for a major transformation with the unveiling of the Aga Khan University Hospital’s Nakawa Specialty Centre. Located strategically along Old Port Bell Road, this state-of-the-art facility is setting a new benchmark for medical excellence, not…
MTN Mobile Money (U) Limited (MTN MoMo) has launched Wesotinge Season 2, aiming to further empower Ugandans through accessible, fast, and convenient financial services. Following the success of Season 1, which saw a significant increase in loan uptake, Season 2…
Equity Bank Uganda has announced the appointment of Mr. Gift Shoko as its new Managing Director, subject to regulatory approval. Mr. Shoko succeeds Mr. Anthony Kituuka who has stepped down from the role. Mr. Shoko brings over 26 years of…
As Uganda continues to embrace digital solutions, MTN’s “Pay with MoMo” has positioned itself as a key player in the country’s economic transformation. From reducing costs to supporting financial inclusion and boosting economic growth, MoMo’s cashless payment solutions are paving…
As part of its commitment to leading digital solutions for Uganda’s progress, MTN Group Fincommerce, a subsidiary of MTN Fintech Group in partnership with MTN MoMo Uganda and collaborating with Mastercard, has officially launched its new e-commerce platform, Market by…
MTN Uganda has once again solidified its leadership in the telecom industry with exceptional performance over the first nine months of 2024 under the guidance of CEO Sylvia Mulinge. The company’s achievements reflect a robust commitment to enhancing digital connectivity…
Sarah Arapta, CEO of Citi Bank Speaking at the recent Women’s Economic Empowerment Forum (#WEEForum2024) in Kampala Women constitute over half of Uganda’s population and represent a powerful, yet underutilized economic force. With more than 18.2 million young women under…
In today’s digital landscape, capturing moments through video or social media posts has become nearly instinctive. This shift towards online expression, whether personal or commercial, underscores the influence of the creator economy, redefining how we communicate, consume, and share experiences.…
Dr. Fabian Kasi, Managing Director of Centenary Bank Uganda, stands out as a transformative leader with a visionary approach and unwavering commitment to financial inclusion. In Uganda’s banking landscape, Dr. Fabian Kasi, Managing Director of Centenary Bank Uganda, stands out…
By Isaac Tugume Uganda is grappling with a deadly enemy—counterfeit products—and Speaker of Parliament Rt. Hon. Anita Among is calling for immediate action. Counterfeit goods are flooding the market, posing grave threats to both the economy and the lives of…
After more than a decade of anticipation, Uganda’s Karuma Hydropower Plant has finally been commissioned. Launched in December 2013, the project has navigated numerous hurdles—from technical defects and delays to disagreements between the government and contractors. Yet on Thursday, Karuma…
Service excellence is a vital pillar for the success of any organization, especially in industries where customer satisfaction and operational efficiency are paramount. In today’s competitive business environment, where companies strive to deliver more value and superior experiences, the role…