With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) in collaboration with the…
The National Renewable Energy Platform (NREP) has launched a nationwide clean cooking initiative to accelerate the transition to green energy and minimize Uganda’s reliance on charcoal and firewood for cooking. Through intense research and innovation, NREP is holding workshops in…
With March 31, 2025 fast approaching, the UGX 700 billion buyout of Umeme Limited is shaping up to be one of Uganda’s biggest corporate transitions in recent history. As the government finalizes plans to take over electricity distribution, stakeholders are…
Uganda Airlines, the national carrier, has announced plans to launch flights to Gatwick Airport in London, UK. However, the airline’s financial health raises concerns about its readiness for this ambitious venture. According to a report by the Auditor General, Edward…
For 2025, growth is projected to recover to 3.0 percent as social conditions normalize and economic activity picks up, especially in services An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, conducted discussions from February 19 to…
As the world grapples with the challenges of climate change, energy security, and sustainable development, the role of petroleum resources in the energy mix has become increasingly important. That is the overriding theme at the 11th East African Petroleum Conference…
The Trade and Development Bank Group (TDB Group) has achieved a significant milestone by securing accreditation from the Green Climate Fund (GCF), positioning itself as a key financial catalyst for climate action in East and Southern Africa. This accreditation paves…
The communal spirit of the Maasai is reflected in the hotel’s design, with shared spaces like outdoor dining areas and a central bonfire encouraging interaction and connection Tribute Portfolio – part of Marriott Bonvoy’s growing collection of characterful, independent hotels…
Partnerships are vital in the development of Uganda’s oil and gas sector. This was highlighted by the Minister for Energy and Mineral Development, Ruth Nankabirwa, at the 11th East African Petroleum Conference and Exhibition 2025, held at Nyerere International Convention…
The government of Uganda has, through the Ministry of Energy and Mineral Development, resolved to revive the production of copper at Kilembe mines in Kasese District. This signing of the Mineral Production Sharing Agreement with Sarrai Group Limited from…
As Uganda moves towards full control of its electricity distribution, the government has strategically turned to Stanbic Bank Uganda, the country’s leading financial institution, for a crucial loan of Shs700 billion to finance the buyout of Umeme Limited. This partnership…
The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads Talks held by the African Development Bank Group in the Republic of Congo from 24 – 28 February 2025 marked a…
For nearly two decades, Umeme Limited has been the face of electricity distribution in Uganda, playing a pivotal role in power access, infrastructure investment, and stock market dominance. However, as the company’s 20-year concession comes to an end on March…
With this expansion, individual entrepreneurs – including those in the formal and informal sectors – can now fully benefit from its enhanced financial and non-financial solutions To bridge the gender financing gap for Africa’s women entrepreneurs, Ecobank, the leading pan-African…
Key findings Operating conditions for Ugandan private sector firms improved in February, following a brief decline at the start of the year sending the headline Stanbic Purchasing Managers’ Index (PMI) up to 52.6 compared to the January reading of 49.5.…