In a bid to safeguard the interests of shareholders, the Capital Markets Authority (CMA) of Uganda has introduced stringent regulations regarding the appointment or replacement of Chief Executive Officers (CEOs) in companies operating within the country. This move is aimed…
The Uganda Tourism Board (UTB) announced today that its outgoing Chief Executive Officer, Lilly Ajarova, has been appointed as a Senior Presidential Advisor on Tourism. Ms. Ajarova, a respected figure in the Ugandan tourism industry, has served as UTB’s CEO…
Nicholas Opiyo, the founding Executive Director of Chapter Four Uganda, a prominent human rights organization, has stepped down from his leadership role after more than a decade. This marks the conclusion of a significant era for the organization, known for…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
Ugandans are known for their resilience, warmth, and entrepreneurial spirit—qualities that define the Pearl of Africa and its people. It is this deep understanding of Uganda’s dynamic and youthful population that has propelled Sylvia Mulinge, CEO of MTN Uganda, to…
The Bank of Uganda’s Monetary Policy Committee (MPC) decision to maintain the Central Bank Rate (CBR) at 9.75% reflects a delicate balancing act between supporting economic growth and mitigating inflationary risks. While the Ugandan economy continues to exhibit strong growth,…
The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has dismissed concerns raised by certain individuals and Civil Society Organizations (CSOs) regarding the use of specific pesticides in Uganda. In a statement issued on Friday, Permanent Secretary Maj. Gen. David…
Bank of Kigali Plc announced the appointment of Eugene Ubalijoro as its new Chairman of the Board of Directors, effective February 5, 2025. Mr. Ubalijoro succeeds Rod Michael Reynolds, who is retiring from the position. The appointment was made by…
American international money transfer company Mastercard has taken a significant step in expanding Uganda’s digital finance landscape by opening its first-ever office in Kampala. This milestone marks a new phase in Mastercard’s commitment to fostering financial inclusion and accelerating digital…
Dr. James Musinguzi has been appointed as the new Executive Director of the Uganda Wildlife Authority (UWA), replacing Sam Mwandha, whose two-year contract has ended. His appointment marks a pivotal moment for UWA, promising new strategies and initiatives to elevate…
The Bank of Uganda’s Monetary Policy Committee (MPC) today announced its decision to maintain the Central Bank Rate (CBR) at 9.75%. This decision comes amidst rising inflation, primarily driven by an increase in services inflation, particularly in passenger transport. While…
Sustainable agriculture is improving the livelihoods of millions of Ugandans engaged in crop and animal husbandry. Agnes Mbabazi, CEO of Agrifarm Uganda Limited, has taken this mission personally, striving to revolutionize agriculture in Uganda. With determination and resilience, Mbabazi fully…
The race for the presidency of the African Development Bank (AfDB) is heating up, with five candidates vying for the top position. As the election approaches in May 2025, the contest is shaping up to be a diplomatic and strategic…
Prof. Benedict Oramah and a high-level Afreximbank delegation met with H.E. William Ruto of Kenya during his state visit to Cairo, Egypt, to strengthen financial cooperation and advance Africa’s economic integration. The discussions highlighted the critical role of African financial…
On Tuesday, officers from the Criminal Investigations Directorate (CID) made a bold move in the fight against abuse of government funds by arresting nine senior officials from the Ministry of Finance. The arrests followed an ongoing investigation into the alleged…