Tullow Oil plc announced today that Richard Miller has been appointed as Interim Chief Executive Officer and Chief Financial Officer, effective February 14, 2025. This follows the departure of Rahul Dhir as…
Antonio Guterres, Secretary-General of the United Nations, has expressed his heartfelt condolences following the passing of His Highness Prince Karim Al-Hussaini Aga Khan IV. The Aga Khan, the 49th hereditary Imam of…
Uganda’s telecom industry is set to undergo a significant transformation in 2025, driven by emerging technologies and evolving customer demands. Speaking during a media roundtable at MTN Uganda headquarters in Kampala, MTN…
Airtel Africa, a leading provider of telecommunications and mobile money services across Africa, has announced strong financial results for the nine months ending December 2024. Mobile services revenue grew by 11.4% to…
Equity Bank Uganda recently celebrated the graduation of its first cohort of Equity Leaders Program (ELP) scholars, who have successfully completed their 3-year University Bachelor’s degree programs. The ELP, an initiative under…
A tragic incident at Entebbe International Airport in the early hours of Thursday has not only shocked the aviation community but has also raised critical questions about the safety and communication protocols…
VAALCO Energy, Inc. today announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading (FPSO) Dry Dock Refurbishment Project. As scheduled, hydrocarbon production from the FPSO Baobab Ivoirien MV10,…
Geoffrey Kihuguru, a distinguished businessman and insurance expert, has been appointed as the new Chairman of the Board of Directors at Uganda Development Bank (UDB). Kihuguru, who serves as the Chief Executive…
The World Bank and the African Development Bank (AfDB) have launched “Mission 300,” a joint initiative aimed at providing electricity access to nearly 300 million Africans over the next five years through…
Telecom giant MTN Uganda has appointed Nigerian finance expert Victor Onyebuchi as the Head of Banking Operations for MoMo, its mobile money platform. MTN MoMo (Mobile Money) is a widely used digital…
In a bid to enable Ugandan business operators to have easier and more affordable access to credit, Stanbic Bank Uganda has reduced its USD Prime Lending Rate (PLR) from 13.5% to 13.0%…
The Netherlands government, through the CommonGround project, is empowering farmers in Bunyangabu and Ntoroko districts in western Uganda to engage in large-scale coffee farming. By providing both financial and technical support, the…
Uganda has retained its position as one of Africa’s top financial markets, securing fourth place in the 2024 Absa Africa Financial Markets Index. The report, released in Kampala on January 28th, highlights…
The Bank of Uganda has appointed Collin Babirukamu as its new Chief Information Officer (CIO). Babirukamu brings a wealth of experience in digital transformation, cybersecurity, and financial technology to this critical role.…
Uganda Baati Limited, a leading provider of innovative building solutions, has entered into a strategic partnership with Crestanks Limited, a manufacturer of safe water tanks and storage solutions. The collaboration aims to…