Ugandan building materials producer Uganda Clays Limited (UCL) encountered a revenue decline in its recently concluded five-year strategic plan. UCL’s 2023 revenue dipped to Shs 30.1 billion ($8.4 million) from Shs 36.6…
The Minister of Gender, Labour and Social Development has appointed Mr. Gerald Paul Kasaato as the substantive Deputy Managing Director of the National Social Security Fund (NSSF), Uganda. His appointment follows a…
Leading multi-category app, Glovo has successfully concluded its highly anticipated 3-Day Courier Program, a series of events focused on the growth, development, and recognition of its couriers. The initiative, themed ‘Courier Day’…
Following the outstanding success of the initial phase of its youth empowerment flagship initiative, MTN Uganda’s corporate social responsibility arm, MTN Foundation, has launched the second phase of the MTN ACE program…
MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom executives said on June 13. The company received applications for 3 billion…
RwandAir Cargo is launching new services to Dubai and Djibouti, both operated by its dedicated freighter B738SF. The expansion is part of the airline’s mission to connect Africa and the world, it…
The Bank of Uganda (BoU) took decisive action on June 18, 2024, revoking the license of Mercantile Credit Bank Limited. This move places the bank under liquidation, effectively shutting down its operations.…
MTN Uganda, along with its partners, last Friday, marked a significant extension of support to Ariwa Secondary School in Yumbe District, West Nile region, as part of the “30 Days of Y’ello…
FlexiPay, Stanbic Bank’s digital payment platform, has partnered with International Fund for Agricultural Development (IFAD) and Upesi Money Transfer, a regional payments company, to enable FlexiPay users to send, receive money from…
On the 13th June 2024, MTN Uganda announced the successful completion of its secondary market share offer, which garnered an exceptional 230% subscription rate. This robust response signifies strong investor confidence in…