At the end of January 2022, Smile Telecom’s 4G LTE network was switched off and until now, the firm continues to encounter challenges on their network that have impacted the service availability. In short, there have been no internet services…
East Africa Breweries Limited (EABL) has appointed Anne-Joy Michira as its Marketing and Innovations Director for Africa effective 1st May 2022, taking over from her predecessor Graham Villiers-Tuthill. Prior to this appointment, Michira was the head of the Marketing Department…
Uganda Development Bank Ltd (UDBL), in partnership with the European Union, has announced a special call for eligible businesses in the tourism sector to apply for and receive up to Shs1 billion in grants and soft loans with flexible terms…
The First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni is slated to inaugurate new buildings at Makerere University and lay foundation stones on the ongoing construction of two other projects. The minister of education will be…
Kin Kariisa has ended his 10 years on the board of Ecobank Uganda, a subsidiary of Ecobank Transnational Incorporated (ETI), one of Africa’s largest financial brands, leaving behind a well-entrenched bank, with great growth prospects. Kariisa who joined the bank’s…
Kirunda Magoola has been appointed Public Affairs and Communications Director, Coca Cola Beverages Africa (Uganda) replacing Simon Kaheru who was appointed Group Head of Public Policy and Partnership as of 01 April 2022. Coca-Cola Beverages Africa (CCBA) is the largest…
The Coca-Cola system in Uganda yesterday unveiled a new iconic look of its leading sparkling lemon-lime flavored soft drink Sprite in a clear polyethylene terephthalate (PET) plastic bottle packaging. This shift from its iconic green bottle means more Sprite bottles…
Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member…
South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in a joint venture. The total group equity value is expected to be more than $2.1bn and the new entity should rank…
The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the…
UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of…
Effective June 6, Ugandans will not be able to send money or top-up airtime for individuals in other jurisdictions. However, WorldRemit maintains that Ugandans will still be able to receive money from abroad via their phones. WorldRemit, a cross-border digital…
Absa Bank Uganda has contributed 65 million shillings to Makerere University to mark 100 years of excellence in building a transformed society. On Tuesday, Absa Uganda Managing Director, Mumba Kalifungwa handed a 65 million shillings cheque to Makerere University Vice…
Over the years, on average, only 20% of the brands Africans admire are made in Africa. Nike (#1 brand overall), MTN and Dangote (#1 African brands recalled spontaneously and prompted respectively), BBC (#1 media brand) and GT Bank (#1 financial…
Marketing services firm WPP Scangroup has made preparations to write off up to Sh4.7 billion investments in its subsidiaries. The manouvre has seen the share premium account –representing the value of shares acquired by shareholders above their nominal price— drop…
Godfrey Muhindo has been appointed Chief Commercial Officer for MTN Mobile Money Uganda Ltd reporting to the Managing Director. As Chief Commercial officer, Godfrey Will be responsible for running the commercial operations of MTN Mobile money looking after Corporate Accounts,…
Lois Aber Kwikiriza has been appointed the new Head of Marketing at MultiChoice Uganda. Kwikiriza takes on the mantle from Colin Asiimwe who has been at the helm of marketing at MultiChoice Uganda for the last two years. While welcoming…
Tetteh Ayitevie, who has been the Chief Strategy Officer at Prudential Life Insurance Ghana (PLIG), will take over from Acumile Majija. Majija, who has been Prudential Uganda’s CEO designate has joined Prudential’s West and Southern Africa Region as chief executive:…
The Tax Appeals Tribunal (TAT) slapped a fine of UGX 20 Million on Nile Breweries Limited (NBL) and UGX 30 Million on Standard Chartered and Stanbic Bank for contempt in a ruling read on Saturday. This follows NBL’s earlier application…
MTN Uganda has today announced its commitment to support Makerere University’s centenary celebrations through a sponsorship worth UGX180million. The sponsorship by MTN will be dedicated towards supporting the events organized by Makerere University in celebration of 100 years of its existence which include…
Standard Chartered Bank Uganda in partnership with Challenges Worldwide, a Kampala-based business development consultancy have today launched the scale-up of the Youth to Work (Y2W) phase III programme worth Ugx 430 million. The hybrid event that had participants attend both…
Harriet Nakkungu, a businesswoman based in Namataba town in Mukono district had for over 12 years, desired a smartphone to boost her business but she could hardly afford one due to the high cost of genuine smartphones. Last year, her…
Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation…
Uganda Revenue Authority (URA) officials have told Members of Parliament that 4.3 trillion Shillings projected revenue is to be foregone due to different unfunded interventions in the coming financial year 2022 Led by John Musinguzi, the Commissioner General, officials from…
Uganda is set to be part of the first-ever report that will cater exclusively to the PR and communications industry within the African continent. This follows a statement released on Wednesday April 6 in which BHM Research & Intelligence announced…
The rising costs of fuel and other essential items is expected to affect the growth of the domestic tour and travel industry, one of the reasons the sector has to find mitigating measures. The industry is mainly driven by transport,…
Uganda’s electricity distribution firm, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during the pre-COVID period. Umeme recorded a 9% growth…
Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments.…
Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn Ushs. 269billion from Ush.242bn in 2020, driven mainly by strong growth in non-interest income earned by mostly Stanbic Bank Uganda Limited, its…
The European Union has provided 8 million euros (31.8 billion shillings) towards efforts aimed at eliminating injustices related to the land tenure systems in the country. The grant to be administered by the World Bank aims at strengthening land tenure…
Dfcu Bank Limited on Thursday announced its audited financial results for the year ended 31 December 2021 with core business metrics remaining as total operating income grew by 21% to Ugx 369 Billion. According to the dfcu Bank Chief Executive…
Petition filed by Samuel Obedgiu has raised concern over Chipper Cash operations in the market, tasking officials at the Capital Markets Authority (CMA) to explain how the firm is encouraging Ugandans to invest in global stocks without issuing a prospectus…
Uganda Tourism Board (UTB) on Wednesday launched its new destination brand Explore Uganda, The Pearl of Africa, as part of a tourism and media launch event held at the Sheraton Jumeriah Beach Resort in Dubai, United Arab Emirates. The launch…
Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. “On behalf of the Board, I am delighted to announce the appointment of Arrie as our Group CEO. I am confident that his leadership…
On March 30, Stanbic Bank donated Shs 70 Million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge and volunteerism, in their various professional backgrounds. “We live in…
A former Facebook employee in Kenya who was reportedly fired after questioning working conditions has threatened to sue the parent company Meta for wrongful termination of his contract. Daniel Motaung, a former content moderator for the social media platform, claims…
The Netherlands Embassy in Kampala partnered with the award-winning Ugandan fintech Emata to accelerate the availability of affordable digital loans to smallholder farmers in Uganda. The partnership includes a grant of up to $590,000 (UGX 2.1 billion) to fund loans…
A Rwandan scientist, Audace Nkeshimana, who graduated from Massachusetts Institute of Technology (MIT), an elite US-based university, is looking to make radiology services remotely accessible to Rwandans by using Artificial Intelligence (AI). Nkeshimana says he looks to “democratize” the medical…
The Uganda Investment Authority (UIA) awarded CNOOC Uganda Limited the FID (Final Investment Decision) Appreciation Award for the Lake Albert development project. President Yoweri Museveni, at this landmark ceremony, said that the revenues accrued from the oil will be critical in strengthening the…
Experts in the technology sector have asked local enterprises to opt for advanced systems to match the demands of the evolving business environment. Farouk Semambya, an Information Technology (IT) Architect at MTN Uganda says cloud computing technologies allows enterprises to…
The former Chief Executive Officer of Uganda National Airlines Company Limited (UNACL), Cornwell Muleya has written to the airline Chairman Board of Directors and Permanent Secretary Ministry of Works threatening to sue them over what he calls unlawful suspension and…
The Uganda Electricity Transmission Company Ltd (UETCL) chairman Board of Directors, Mr Peter Ucanda, has resigned from his job citing what he called negative media reports that have soiled his hard-earned reputation and that of the company. In a March…
Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for KSh1.2 billion (UShs37.5bn), inflating the buyout price nearly ten times. Catalyst says the alleged deception has cost it nearly…
NWSC is seeking an additional Euro 45 million to complete the establishment of water distribution lines connecting to the water reservoirs of the Katosi water project. The government constructed the Katosi water project in Mukono district worth Euro 81.9 million…
Disney has tapped top toon talents from across the African continent for “Kizazi Moto: Generation Fire,” a Disney Plus Original anthology of animated films set to premiere on the Mouse House’s streaming platform in late 2022. Inspired by the continent’s diverse histories…
The Uganda Tourism Board (UTB) in partnership with Private Sector Foundation Uganda (PSFU), Uganda Tourism Association (UTA), Mastercard Foundation and Adventure Vacation Safaris are hosting a domestic tourism promotion tour at Murchison Falls in a bid to promote domestic tourism,…
As pressure is mounting for countries to reduce carbon dioxide emissions, the government of Uganda has partnered with an investor to build a carbon-neutral refinery to meet the energy needs of the East African region. Most of the natural gas…
The Luxembourg Stock Exchange (LuxSE) and Rwanda Stock Exchange (RSE) have signed a long term Memorandum of Understanding (MoU) between the two institutions to improve cooperation. The event was held during a special Ring the Bell ceremony held in Luxembourg,…
When SafeBoda launched in 2015, it was the first ride-hailing company in Uganda and has been the dominant player ever since. It began as a community of drivers of motorcycle taxis, known locally as boda-bodas, who have been part of the…
Jumia is the largest online retail store in Uganda where they provide over three million authentic products at the lowest prices and unbeatable customer service. Earlier this week, Jumia Uganda officially launched the 9th edition of its annual tech-sale. Speaking…
Rwanda is being considered as host for the Trace Africa Music Awards, which are set to take place later this year. Earlier this week, Olivier Laouchez, the CEO Trace Music Group, visited the country with his team, where they checked…