Uganda has scrapped taxes on airlines using the Entebbe International Airport, a move that will make it cheaper for transiting passengers to travel through the facility. The move, which may not augur well for Jomo Kenyatta International Airport (JKIA), which…
Jenifer Bamuturaki has been confirmed as the substantive Chief Executive Officer of Ugandan Airlines. The approval is contained in a July 5 letter written by works and transport minister, Gen. Edward Katumba Wamala, to the chairperson of the Uganda Airlines…
MTN once again got crowned as Uganda’s most admired African brand in Uganda by Brand Africa 100 | Africa’s Best Brands rankings, based on a survey carried out across 29 countries that represent as much as 85% of the continent’s…
The Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24 hours on Uganda’s status. In his State of…
Ugandans took to social media to criticize the appointment of Sylvia Mulinge, a Kenyan Corporate Executive, with some arguing that after listing on the stock exchange and unveiling the slogan “Uganda is Home,” a Ugandan should have been appointed. Ms…
The Supreme Court of Uganda has issued an official decree directing Bank of Uganda to pay costs to businessman Sudhir Ruparelia and his Meera Investments Ltd following its February 11th 2022 landmark ruling in the Crane Bank case. In the…
Grace B. Muliisa, is a Ugandan Banker and Corporate executive, who was appointed the Managing Director of Ecobank Uganda Limited in August last year. She was the Head Personal and Business Banking at Stanbic Bank Uganda prior to her appointment. …
The World Bank has put the per capita income of Uganda at 850 dollars for the financial year end 2022, with the economy growing at an estimated 3.7 percent. According to the Bank, this average income by a Ugandan is…
Sylvia Mulinge becomes MTN Uganda CEO, joining from Safaricom, where she served as Chief Consumer Business Officer for the Group. A seasoned executive, she brings with her a passion for transforming customers’ lives using technology. Mulinge replaces Wim Vanhelleputte, who…
“Prevention of the next pandemic, whether a recurrence of Covid-19 or a new outbreak, will require significant investment from the Finance and Banking sector in order to minimize the negative economic and human effects,” remarked Professor Denis Byarugaba, Makerere University…
The government, oil and gas companies continue to counter opposition to the development of the sector in Uganda, which has recently targeted religious institutions. The crusaders accuse the government of allowing activities that they say will affect the livelihoods of…
Mark Mugisha Kivuna has been appointed by Diageo, Guinness Nigeria Plc as the continental giant’s Marketing & innovations Director. “As Adenike Adebola moves ahead as Africa Innovations Director, Diageo, Guinness Nigeria Plc has announced the appointment of Mark Mugisha Kivuna…
Businessman and Kampala City Tycoon, Sudhir Ruparelia, through his Ruparelia Group has clarified that he doesn’t own UMC Victoria Hospital. “Our attention has been drawn by several online media publications linking the above business entity to the Ruparelia Group of…
Pesapal has been at the forefront of the Digital Payments revolution in Africa for over a decade. By leveraging technology to make financial services affordable, convenient, and secure, Pesapal is empowering tens of thousands of merchants and millions of consumers…
Stanbic Bank Chief Executive Officer (CEO), Anne Juuko, on Wednesday morning dissected the different opportunities in the oil and gas sector. Early this year, key players in the oil and gas sector announced an Investment Decision worth US$ 10 billion.…
Following approval of declaration of dividends by its shareholders at the Annual General Meeting held on the 27th day of May 2022, MTN Uganda has paid out a total dividend of Ugx105.4 billion to its 21,452 shareholders for the year…
The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance…
Mr Waiswa Bageya, the Works Ministry permanent secretary, said the search for the new Uganda Airlines CEO would be redone after bid documents were sent to four firms, before settling on PricewaterhouseCoopers (PwC). “We did not advertise but instead developed…
Uganda’s Court of Appeal has blocked South African moneylender, Vantage Mezzanine Fund, from selling businessman Patrick Bitature’s prime properties in Kampala. In his ruling on June 27, Justice Christopher Gashirabake said “there is all evidence that there is a real…
According to his family, Mr Majwega had gone to the USA to attend his daughter’s graduation ceremony in Minnesota. “With deep sorrow Ms Halima Majwega of Framingham,Ma and her family announce the sudden death of the father of her children…
Uganda Breweries Recognized at the President’s Export Award Ceremony Uganda Breweries has been recognized by President Museveni and the Uganda Export Promotion Board as a leading company in export promotion and import substitution. This was at Imperial Royale Hotel, where President Museveni…
Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses to overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia Ojangole, revealed on June.24 immediately…
The students of Kasese Youth Polytechnic Vocational Training Institute (VTI) in Western Uganda are set to reap from the generous donation of a fully furnished Digital Resource center courtesy of the MTN Foundation in partnership with Enabel a Belgian NGO.…
Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019 following BOU approval. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to…
Meera Investment Limited, a real estate arm under Ruparelia group has presented Uganda’s largest fabulous homes grand project, the One-10 Apartments for sale. The ‘heaven’ homes stand in Kololo on Prince Charles Drive – a leafy affluent and diplomatic zone…
Shamim Nabuuma Kaliisa, a Ugandan techpreneur was this week elected and sworn in as the African Representative on the Commonwealth Youth Council (CYC) Executive Committee. Ms. Nabuuma, the founder and CEO of the CHIL Artificial Intelligence Lab Group and a…
Nile Breweries Limited has launched BEES: a business-to-business (B2B) application that will enable Ugandan retailers to browse products, place orders, access deals, arrange deliveries, and tap into business insights, all via one interface. “Our purpose – to dream big to…
Global Ever-greening Alliance, Climate Asset management and the African Forest Landscape Restoration Initiative is expected to pave the way for a greener Africa to mitigate the impact of climate change in Africa. While speaking at a press briefing held on…
Yutus Aribariho has been appointed the bank’s Global Head, Digital Utilities. He will officially take over this position effective 1st August 2022. In his new role, Yustus will oversee the bank’s design and development of digital utility platforms as well…
Cornwell Muleya, the former Chief Executive Officer of Uganda Airlines has been released on bail. He appeared Wednesday before the Buganda Road Grade One Magistrate, Asuman Muhumuza who granted him bail of Shillings 1.5 million in cash and bonded his…
Financial Sector Deepening (FSD) Uganda has announced the appointment of Ugandan Economist and Banker, Patrick Oketa as their Executive Director. A statement from the Official website of FSD Uganda dated 21st June 2022 read: “We are pleased to announce that…
With just UGX600, 000 or USD166 investment, Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to UGX 20 million—this, courtesy of Stanbic MediProtect, a joint offer by the bank and…
The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this…
The Uganda Bureau of statistics (UBOS) has launched structure committees mandated to collect field data regarding the statistics of the country. UBOS earlier on formulated a 5 year Plan for National Statistical Development (PNSD) aimed at delivering all the required…
Bank of Baroda (Uganda) Limited has informed its shareholders that it will pay the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval. Bank of Uganda, in April 2020 put in place enhanced…
Housing Finance Bank has launched the Incremental Housing Loan to unlock opportunities for Ugandans to attain affordable home ownership and financial independence. Uganda’s housing deficit stands at 2.4 million housing units and Housing Finance Bank, a fully government owned commercial…
Cornwell Muleya, the former Chief Executive Officer of Uganda Airlines has been arrested on orders of The Inspectorate of Government-IG.. A statement by the Deputy Inspector General of Government, Dr. Patricia Achan Okiria, shows that Muleya was picked up for…
Absa Bank Uganda has introduced land purchase loans in a bid to help more people realize their dream of land and home ownership. These loans will enable customers to access affordable financing for the purchase of land in Greater Kampala…
It is not uncommon in our land for things to stop at promise and policy level without real on-ground implementation. This trend has given rise to a doubt-over-faith mentality. It is therefore going to take a considerable streak of successful…
Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial services company Frontclear and is regulated by Bank of Uganda and overseen by…
The UK Government has stepped down from funding Financial Sector Deepening Uganda (FSDU) and handed over that role to the Bill and Melinda Gates Foundation, it said on June 15 in a media statement. Since 2015, the UK Government has…
MTN Uganda has today donated computers and a WiFi router and a multi-purpose printer to the Nakawa Market vendors Association as it concludes its staff volunteerism campaign dubbed 21 Days of Y’ello Care. This follows a series of community outreach…
Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers.…
The Uganda Tourism Board (UTB) has announced that come January 1, 2023, all tourism players in the country will require to be registered, and licensed by the Board. The UTB Chief Executive Officer, Lilly Ajarova made the pronouncement while speaking…
Elly Twineyo Kamugisha, the executive director of Uganda Export Promotion Board (UEPB), has said there is need for a collective effort amongst stakeholders if Uganda is to maximize export growth potential in the agricultural sector. He said this on June…
The Ministry of Energy and Mineral Development and the SNV Netherlands Development Organizations (SNV) Uganda have launched the Africa Bio digester Component (ABC) project, with the aim of boosting access to bio digesters for circular agriculture and renewable energy. According…
“Despite the adverse impact of an exceptionally difficult trading environment in 2021, we are happy to have made a profit resulting in a dividend payout to our shareholders. BAT Uganda’s business fundamentals remain strong, and the Company’s commitment to Uganda…
Mukwano Products lands grand Prix as the #1 most admired Ugandan brand. NBS, Centenary Bank, Movit, Nile Special, Riham Drinks, and Abryanz Collection lead respective categories for best Ugandan brands. QG Group’s David Galukande, Rugeyo Farms’ Robert Kabushenga, and Uganda…
THE FORBES AFRICA 30 UNDER 30 CLASS OF 2022 CARE ABOUT BEING VISIONARIES OF CHANGE AND CATALYSTS FOR INNOVATION. BEING ON THE MOST-ANTICIPATED LIST ON THE CONTINENT, FOR THESE YOUNG TRAILBLAZERS, IS NOT JUST ABOUT COMMERCE AND CLOUT BUT ABOUT…
Uganda Securities Exchange has spoken out on the allegations of a data breach from its servers; specifically allegations of the leakage of personal data from the USE Easy Portal. In a statement dated June15, 2022, USE says based on a comprehensive…
The High Court in Kampala has dismissed with costs an application by Kampala businessman Patrick Bitature for a temporary injunction to restrain his creditors of M/s Vantage Mezzanine Fund II Partnership from selling, alienating, disposing of, taking possession, or any action…