As Uganda inches closer to joining the ranks of oil-producing nations, one project remains at the heart of its ambitions: the East African Crude Oil Pipeline (EACOP). Stretching 1,443 kilometers from the oil fields of mid-western Uganda to the Tanzanian…
The Commissioner General of Prisons, Can. Dr. Johnson Byabashaija, recently hosted a delegation from Stanbic Bank, a member of the Standard Bank Group led by Kevin Wingfield, Head of Personal and Private Banking (PPB) for East and West African regions.…
The alliance will harmonize trade practices and introduce a standardised framework that ensures secure, predictable, and efficient trade movement African Export-Import Bank (Afreximbank) and Zep-Re (PTA Reinsurance Company) today launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to…
These accolades underscore AFC’s pivotal role in landmark transactions that drive sustainable development and economic growth across the region Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has been recognized for its outstanding contributions to Africa’s financial and…
Muganwa’s inclusion on the Board signals the bank’s intent to further integrate strategic deal-making and long-term investment thinking into its top-level decision-making an edge that could redefine how Stanbic delivers value to large corporates, institutions, and high-value clients. The appointment…
In a fresh twist of events, the Auditor General, Edward Akol, has revised the figure for the Umeme buyout from the earlier estimated Shs700.218 billion to Sh432.677 billion, a move that’s bound to spark controversy. The Speaker of Parliament Rt. Hon.…
Uganda’s coffee industry is experiencing a significant surge, with exports reaching unprecedented heights. According to a recent report from the Ministry of Agriculture, Animal Industry and Fisheries, coffee exports in February 2025 totaled 555,756 60-kilo bags, worth a staggering US$167.68…
“We will continue to support Lesotho very strongly through our new focus on infrastructure for industrial competitiveness” Akinwumi Adesina The African Development Bank Group plans to invest $331 million in key strategic sectors in Lesotho as part of its proposed…
A team of innovative Ugandan researchers, led by Fiona Magoba and Louis Muhindo, has developed a groundbreaking mobile application, PeDD, which empowers farmers to diagnose crop diseases instantly and receive expert recommendations for treatment and prevention. This cutting-edge technology has…
The new Abusera International Airport will complement Ethiopia’s recently expanded Bole International Airport, which is expected to reach its annual 25 million passenger capacity limit soon The African Development Bank and Ethiopian Airlines Group have signed a Letter of Intent…
This groundbreaking event marks the official commencement of construction for this historic project and is a significant step in Barbados and CARICOM’s journey towards economic advancement and regional integration African Export-Import Bank (Afreximbank), Africa’s leading Multilateral Financial Institution, made history…
In a move to revolutionize mobile money payments, Network International, a leading enabler of digital commerce, has partnered with Dubai-based carrier Flydubai to introduce mobile money payments for customers in Kenya and Uganda. This partnership enables travelers to pay for…
The Minister for Energy and Mineral Resources Ruth Nankabirwa downplayed fears that the power supply in the country is set to be interrupted with the exit of Umeme, following the expiry of the company’s concession on March 31, 2025. After…
Nnenna Nwabufo, the Bank’s Vice-President for Regional Development, Integration, and Business Delivery, met with a delegation from the Council led by Deputy Executive Secretary Ali Idi at the Bank’s headquarters in Abidjan A new chapter of regional collaboration is taking…
In a bid to promote financial inclusion and support the government’s objective of economic growth, the Uganda Development Bank (UBD) has launched the Women Prosper Loans. This innovative financial product is specifically designed to empower female entrepreneurs, providing them with…