Michael Atingi-Ego, the Deputy Governor of Bank of Uganda, said, “Uganda’s inspirational ranking amidst a raging Covid-19 pandemic should galvanize us to sustain the good policies and interventions as well as to undertake the strategies that will unleash the power…
Rashmi Pillai has been appointed Head of Public Policy – Anglophone for Wave Mobile Money after serving Financial Sector Deepening Uganda (FSD Uganda) as the Chief Executive Officer for the last four years. She has over 17 years of experience in digital financial services, social…
The Deposit Protection Fund (DPF) has revealed that it has about 20.1 billion which is supposed to be paid to shareholders and depositors of closed financial institutions upon the conclusion of liquidation processes by the Bank of Uganda (BOU) In…
Kampala – 3rd May 2022: Airtel Mobile Commerce Uganda Limited (AMCUL), the leading mobile financial solutions provider in the country, has today appointed Hon. Maria Kiwanuka as Board Chair. The appointment that was announced by Airtel Money Africa’s Group CEO,…
Airtel Uganda has unveiled the ‘Uganda Needs More of You Campaign’ to celebrate and recognize Ugandans using technology to transform the lives of others. Mr Manoj Murali, the Airtel Uganda Managing Director, said the campaign will help them discover and…
March 3, 2022. The Insurance Regulatory Authority of Uganda (IRA) has launched the inaugural Insurance Week, an event that seeks to take insurance information closer to the people so as to enable people make informed buying decisions and increase the…
CNOOC Uganda has confirmed a final investment decision (FID) for the Kingfisher field, marking another step forward for the Lake Albert development. Energy Minister, Ruth Nankabirwa, said on November 3rd the chairman of CNOOC had reported the FID to her…
Uganda Revenue Authority (URA) yesterday handed over the mandate to register and license motor vehicles in the country to the Ministry of Works and Transport. In a statement, URA says: “Following the Government decision to transfer the administration and management…
Thursday 4th November 2021- Nairobi Kenya: Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and…
Representatives from MTN Uganda and SBG Securities plus Crested Capital (stockbrokers of the MTN IPO), have arrived in Arua for a town hall meeting to drive awareness and provide vital information about the MTN offer of shares and the stock…
The Bunyoro Kingdom leadership has encouraged its subjects to invest in the MTN shares following a series of town hall presentations by the MTN leadership team and the stockbrokers early this week. Robert Owagonza, the Bunyoro Kitara Kingdom finance minister,…
“All is not well at Uganda Airlines, again.” reports the aviation website Airspace Africa. With the national carrier currently being led by its third CEO in just two years of the Uganda Airlines project, board chairman Pereza Godfrey Ahabwe has…
Uganda Investment Authority (UIA) yesterday 2nd November 2021 received 1 square mile of land for industrial park development from the Ministry of Defence in Nakasongola. The land was received by the UIA team led by their Chairman, Morrison Rwakakamba. UIA,…
Absa Bank Uganda has today donated 50 computers through the National Libraries of Uganda to ten public libraries to enhance the online learning capabilities of the youth amid the closure of schools. Speaking to the donation, Mumba Kalifungwa, Absa Bank…
The Buddu County (Pokino) has urged the people of Masaka to embrace economic development as MTN spreads awareness about how Ugandans can participate in the ongoing MTN Initial Public Offering (IPO). Levis Sempiira who was representing the Pokino of Buddu…
Uganda Revenue Authority (URA) has appointed three commissioners and two assistant commissioners on Monday 1st November 2021. “The URA Board of Directors at its 3rd/2021 Special Board meeting held on 26th and 27th October 2021 interviewed candidates for the vacant…
The Uganda Revenue Authority-URA on Monday started the enforcement of the use of e-invoices and digital stamps. A digital tax stamp is a physical paper stamp that is applied to goods or their packaging. It contains security features and codes…
Standard Bank customers in eight African countries to enjoy enhanced digital payments experience in partnership with Flutterwave On 28th October 2021, in Johannesburg, South Africa, Standard Bank, the parent company of Stanbic Africa Holdings Limited for which Stanbic bank Uganda is…
MTN Uganda has today launched a promotion that will see YOTV subscribers win lots of amazing prizes whenever they subscribe to either an hourly, daily, weekly, or monthly subscription. With over 50 channels, the YOTVChannels platform created by Albayan Media…
The parliamentary trade committee has stopped the payment of a stimulus package of Shs 3 billion to Kampala Serena hotel by Uganda Development Corporation (UDC). Serena hotel is owned by a consortium that includes Tourism Promotion Services (TPS), a division of…
On the 28th October 2021, the Minister of Agriculture, Animal Industry and Fisheries, Hon. Frank Tumwebaze, inaugurated the new Uganda Coffee Development Authority (UCDA) Board of Directors in accordance with the National Coffee Act, 2021 that was assented to by…
Lira and Mbarara Cities have embraced officials of MTN along with their senior broker representatives during town hall visits aimed at promoting awareness of the MTN Initial Public offering (IPO) with the goal of encouraging the participation of Ugandans in…
MTN Uganda together with senior broker representatives from SBG Securities and Crested capital has carried out a massive sensitization campaign in Western Uganda pioneered in Fort Portal City, to create awareness and provide vital information about the MTN offer of…
Absa Bank Uganda has announced four new appointments to the Bank’s Board of Directors. The new appointees are Non-Executive Directors Alex Rugamba, Sophie Nkuutu, and Phillip Aliker as well as Executive Director David Wandera, who collectively bring together over 85…
China National Offshore Oil Corporation (CNOOC) Uganda has stepped out with projects aimed at preparing Bunyoro kingdom subjects to tap into opportunities created by the oil and gas sector. While the discovery of oil in the Albertine region has raised…
The Uganda Investment Authority (UIA) and the American Chamber of Commerce Uganda (AmCham) have today signed a Memorandum of Understanding (MoU) to promote and facilitate American investment in Uganda. The agreement aims at creating a favorable climate for economic activity…
MTN Uganda alongside senior broker representatives from SBG Securities and Crested capital have today kickstarted a nationwide MTN IPO awareness tour aimed at creating awareness and providing vital information about the MTN offer of shares and the stock market to…
Ecobank Uganda, a member of the leading pan-African banking group, the Ecobank Group, is celebrating the ninth annual Ecobank Day, its flagship corporate and social responsibility annual event that ‘gives back’ to the local communities across Africa. Ecobank Day is…
The Uganda Tourism Board (UTB) has urged Government to provide additional funding to a tune of Shs3.3bn to promote Uganda’s tourism at the ongoing Dubai Expo despite questions raised on the partial expenditure of Shs360M the Board received in the first…
The committee on trade, tourism, and industry has tasked the Uganda Tourism Board (UTB) to account for the 360 million shillings spent during the Dubai 2020 Expo. UTB led by its Executive Director Lilly Ajarova today appeared before the committee…
Airtel Uganda has partnered with Ankole Coffee Producers Cooperative Union(ACPCU) to provide the convenient Airtel Money payments platform services to enhance payments of ACPCU’s member farmers in a simple and secure way across the Ankole region. This partnership will simplify…
The Uganda Registration Services Bureau (URSB) as part of their All- digital, All-online strategy has today, 26th October 2021, launched an Intellectual Property (IP) Online Filing (Front Office) System that is designed to enable the public file for IP protection…
Stanbic Bank and traders under the umbrella body, Kampala City Traders Association (KACITA), recently signed what they described as a ground-breaking trade and tax partnership pact that will ease the clearing of their imports. Stanbic Bank and KACITA say their…
Uganda has secured a new market for its milk in Zambia following a long unresolved impasse with Kenya which was the largest market for Uganda’s exports. Since December 2019 when Kenya authorities ceased at least 3000 bags of powdered milk…
In a highly anticipated event, MTN Uganda’s youth platform, MTN Pulse yesterday on the 24th October 2021 unveiled a partnership with seasoned fashion mogul, Santa Anzo through her establishment ARAPAPA by Santa ANZO to mentor and equip the youth with…
It is as fresh as an oven-baked cake that MTN Uganda has offered over 4.5 billion shares to the public for acquisition. The offer signifies that the public can now become shareholders of MTN meaning they will own part of the…
MTN Uganda in partnership with SIMFY, the developers of Ayoba, has launched a campaign dubbed ‘Life inside Ayoba’ that will see Ayoba users sending MTN MoMo for free to fellow Ayoba users. Introduced to the Ugandan market last year, Ayoba,…
Uganda Revenue Authority (URA) has missed its target for the first quarter of the financial year 2021/22 by Shs 499.49 billion. Out of the Shs 4.959 trillion target set by government, the tax body managed to collect Shs 4.459 trillion. However,…
ACCA Uganda and Deloitte have officially unveiled the 5th (2021) edition of the Chief Financial Officer Awards to be held on December 09th, 2021 under the theme, “Finance leaders as drivers of sustainability.” The launch of the awards strategically coincides…
When MTN announced that it would be selling shares to the public last week, it emphasized that Ugandans would take priority. The telecom even revealed some incentives that Ugandans would enjoy in form of bonus shares in addition to taking…
Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…
MTN recently announced that 4.5billion shares are up for grabs in the company, which will see Ugandans move from only being customers to becoming shareholders. In this article, we’ll give you a step-by-step guide on how to apply for the…
Huawei has today, on the 21st October 2021, kicked off the 2021 edition of the Seeds for the Future training program in a virtual event. The launch was been officiated by H.E Ambassador Mugisha Fred the Deputy Head of missions…
On September 8th, 2021, Parliament adopted a raft of recommendations to revive the economy, currently battered by the Covid-19 pandemic, key among which is the implementation of a Tourism Development Levy. “The Committee proposes a levy of $10 to be…
Stanbic Bank Uganda has taken control of petroleum products distributor MOGAS after the latter reportedly failed to pay back a three-year loan. The bank immediately put the company, whose full name is: Maestro Oil and Gas Solutions under receivership to…
On Wednesday, 13th October 2021, United Arab Emirates-based investor, Majid Al Futtaim, announced that through his supermarket brand Carrefour will be taking over all Ugandan retail stores operated by Shoprite Checkers Uganda Ltd, as they exit the country. Majid al…
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…
Uganda Airlines is planning to increase frequency on its Entebbe-Dubai route following impressive passenger traffic after the launch on October 7. Speaking at a launch ceremony in Dubai on October 9, the airline’s acting chief executive Jennifer Bamuturaki said that…
Coffee farmers in Nebbi and the West Nile region investing in organic Arabica coffee have been advised to work towards, observe, and maintain the quality of coffee beans that suits the international market. This was during the Power and Voice…
NSSF in a media statement on 15th October 2020 stated that the fund has money for Mid-term payments but it was shocking to hear Managing Director Richard Byarugaba on Thursday while meeting Members of Parliament on the Gender, Labour, and…
Upon finalization of the share acquisition transaction, Kenyan I&M Group announced plans to rebrand its newly acquired business in Uganda, Orient Bank Ltd to I&M Bank (Uganda) Limited. I&M PLC’s acquisition of 90% shareholding in Uganda’s Orient Bank Ltd (OBL)…