In a significant move to deepen economic cooperation, Finland’s Minister for Foreign Trade and Development, Ville Tavio, has announced that Finnish companies are ready to partner with African nations in key strategic sectors. The announcement, made on Wednesday, September 24,…
In a significant move to deepen financial cooperation, the Bank of Uganda hosted a high-level business delegation from the State of Qatar on Wednesday, September 24, 2025, in Kampala, Uganda. The meeting, led by Governor Michael Atingi-Ego and the Qatari…
Felicite Nson has today taken over from Andrew Itambo Kilonzo as the new Managing Director for Uganda Breweries Limited (UBL), a subsidiary of Diageo East African Breweries, becoming the first woman to ever be appointed to the highest position of…
The Africa Energy Indaba is the continent’s foremost all-encompassing energy gathering, showcasing flagship forums including the T&D Africa Conference, IPP & PPA Conference, Africa Gas Forum, EV Forum, and Nuclear Forum Africa is embarking on a transformative energy journey, teeming…
Uganda and Somalia share a long-standing partnership underpinned by political, security, and economic cooperation The Government of the Republic of Uganda will host the Second Session of the Uganda-Somalia Joint Permanent Commission (JPC) alongside an Investment and Business Summit from…
The African Union (AU) is making a concerted push to accelerate the implementation of the Single African Air Transport Market (SAATM), a flagship initiative aimed at unlocking the continent’s vast economic potential. At the 42nd International Civil Aviation Organisation (ICAO)…
While the broader African refining market presents an undervalued opportunity, for Uganda, the development of its own petroleum refinery is not merely an investment prospect, it is a foundational project for achieving energy sovereignty, industrial growth, and long-term economic security.…
The East African Crude Oil Pipeline (EACOP) Ltd. signed a landmark Memorandum of Understanding (MoU) with Buganda Kingdom on Wednesday, September 24, 2025, to strengthen collaboration on environmental conservation and community development. This partnership, which focuses on tree growing and…
Uganda is making significant strides in the quest to leverage its rich mineral wealth for national development, moving from being a raw mineral exporter to a value-added producer. This strategic shift was the central theme of the 14th Annual Mineral…
The Uganda Civil Aviation Authority (UCAA), in partnership with AirServ and African Leaders in Aviation, hosted the second annual Girls in Aviation Day on September 24, 2025. This event is part of a broader, sustained effort to inspire and mentor…
A historic shift has occurred in Africa’s broadcasting industry. French media giant CANAL+, under the leadership of Maxime Sadaa as Group Chairman and CEO, has secured effective control of MultiChoice Group, Africa’s largest pay-TV operator, following the successful completion of…
Under the leadership of its Chief Executive Officer, Richard Yego, MTN MoMo Uganda is taking a significant step to champion financial inclusion and accelerate Uganda’s digital transformation. This follows Yego’s announcement of a strategic partnership with the Uganda Manufacturers Association…
The African Development Bank (AfDB) Group is reinforcing its long-standing partnership with Kenya, committing to a future of sustained economic growth despite global headwinds. This renewed commitment was the central theme of a high-level meeting between AfDB’s Regional Director, Alex…
Uganda’s future hinges on its youthful population, and the recent Canada East Africa Business Exchange (CEABEX) amplified the call to harness this potential through STEM education. Speaking at the event, Maureen Karamagi, a Ugandan specialist in STEM education, shared crucial…
Under the visionary leadership of Muliisa Grace as Managing Director, Ecobank Uganda has achieved a historic milestone by arranging a €230 million (approximately Shs950 billion) syndicated loan to fuel Uganda’s economic transformation. This groundbreaking transaction, which was recently approved by…
When institutions or businesses fail, the headlines usually quickly point to financial loss, collapsing share prices, or mismanagement of resources. Rarely do they ask the deeper question: where was the Board? Across sectors, from finance to cooperatives to family businesses,…
After eight years of transformative leadership, Daniel Ogong, the Head of Marketing and Communication at Stanbic Bank Uganda, is stepping down from his role. His departure, effective October 1, 2025, marks the end of an era that saw Stanbic’s brand…
In a significant development for Uganda’s aviation sector, Mr. Samuel Wonekha, the General Manager of Regional Airports at the Uganda Civil Aviation Authority (UCAA), has been elected to the Airports Council International (ACI) Africa Region Board. Following this development, he…
The Bank of Uganda (BoU) has today officially launched its E-Supervision (SupTech) Project, a landmark initiative set to modernise and transform the supervision of the country’s financial sector. This new regulatory technology (RegTech) system, unveiled by the Central Bank Governor,…
In a move set to reshape its strategic direction, SanlamAllianz Re, the reinsurance arm of SanlamAllianz, has appointed Tobias Suek as its new Chief Executive Officer, effective October 15, 2025. This appointment signifies the company’s commitment to leveraging global expertise,…
The Government of Uganda is taking a significant step to boost the nation’s coffee sector by promoting its high-quality coffee at the World Speciality Coffee Conference and Exhibition (SCAJ 2025) in Tokyo, Japan, from September 24-27, 2025. This high-profile event…
The National Social Security Fund (NSSF) has declared a 13.5% interest rate for the Financial Year 2024/25, a testament to its exceptional performance and strategic success. The announcement was made today by Hon. Matia Kasaija, the Minister of Finance, Planning…
MTN Uganda, through the MTN Foundation, is celebrating a major milestone in its mission to empower the nation’s youth with the graduation of 103 youth from the second cohort of its MTN ACE Initiative. The graduation, held on Friday, at…
A high-level delegation led by Hu Zhangliang, Vice Chairman of the China International Development Cooperation Agency (CIDCA), visited the ongoing expansion project at Entebbe International Airport on September 21, 2025. The inspection and subsequent meeting with key Ugandan officials, including…
Uganda’s E-mobility sector is gaining significant momentum, with Kiira Motors Corporation at the forefront of the nation’s push toward a greener, more sustainable future. At the National E-Mobility Expo 2025 held this week and officiated over by the Minister for…
The MTN Fintech Summit held this week in Johannesburg, South Africa, has set a dynamic tone for the future of financial services across the continent, focusing on two critical themes: balancing innovation with regulation and closing the significant lending gap.…
This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent The Board of Directors of the African Development Bank Group…
ACF2025 builds on Afreximbank’s leadership in trade-related compliance and its investment in AI-powered platforms that streamline client onboarding, enable real-time risk monitoring, and ensure secure transaction processing Artificial Intelligence (AI) is reshaping trade in Africa – curbing illicit financial flows,…
Uganda is at a turning point. For years, our growth story has leaned on agriculture, trade, and traditional industries. But the future will be defined by those who can grow without destroying the environment. That’s where the Uganda Green Enterprise…
Uganda’s journey to becoming an oil-producing nation is facing significant hurdles, with a report from the Auditor General (AG) Mr. Edward Okwakol, revealing critical delays and underfunding across major projects. According to the report, while the government had set a…
Centenary Bank is being hailed as the top-performing partner in the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) project, a high-impact initiative aimed at empowering women entrepreneurs and underserved communities. During a high-level review meeting held on Thursday,…
Until his appointment, Mr. Akpata was the Head of CANEX Creations within the Afreximbank Group, taking on a central role in CCInc’s journey since its inception The Board of Directors of the CANEX Creations Incorporated (CCInc), a subsidiary of the…
Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) have entered a Memorandum of Understanding (MOU) aimed…
A World Bank-funded project designed to empower women entrepreneurs across Uganda, popularly known as ‘GROW’, is facing significant challenges, with a new report revealing that a massive Shs41.22 billion in funding remains unspent. The Generating Growth Opportunities and Productivity for…
When Airtel Uganda, under the leadership of Soumendra Sahu as Managing Director, announced a 28.7% surge in Profit After Tax (PAT) to Shs197.2 billion for the first half of 2025, the headlines painted a picture of a company on the…
The AOW: Investing in African Energy 2025 conference in Accra, Ghana, kicked off on Wednesday this week, marking the start of a new era of partnership and collaboration in the energy sector across Africa. The event, hosted in collaboration with…
Uganda’s tourism sector is being reaffirmed as a top driver of the national economy. During the recent three-day 6th Bi-Annual Presidential CEO Retreat held in Fort Portal City, the Prime Minister, Rt. Hon. Robinah Nabbanja delivered a powerful message from…
Uganda is losing staggering amounts of revenue from its mineral wealth, with a new report from the Auditor General, Edward Okwakol, revealing a Shs11 trillion loss from black market gold exports. This massive financial haemorrhage is directly undermining the government’s…
In a significant display of progress since taking over from the private concessionaire Umeme Uganda Limited, the Uganda Electricity Distribution Company Limited (UEDCL) has added a remarkable 648,404 new connections to the national grid in just six months. This achievement,…
The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries The African Development Bank Group has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa…
In a significant development for Uganda’s aviation, tourism, and trade sectors, Uganda Airlines has announced a new interline partnership with Air India, India’s leading global airline. This strategic agreement, effective August 25, 2024, according to Jenifer Bamuturaki, the CEO of…
Africa’s transition states are the continent’s most vulnerable economies, facing a wide range of political, economic, security and environmental challenges, and striving for greater stability and resilience African economists and development leaders have called for sweeping governance reforms, stronger domestic…
The Ministry of Finance, Planning and Economic Development (MoFPED) is embarking on a new phase of its ambitious plan to transform the national economy. This was revealed today by Mr Kaggwa Moses, the Director of Economic Affairs, during a presser…
Stanbic Bank Uganda is moving beyond the traditional role of a financial institution to become a strategic partner in the nation’s development. This was the central message at the 5th Stanbic Development Partner Organisations (DPOs) Roundtable, a unique forum that…
The unaudited interim financial results released by the Capital Markets Authority (CMA), as presented by the company’s directors, led by Selestino Babungi, the Managing Director, paint a picture of an entity in transition, grappling with the operational re-transfer of its electricity…
The hub is structured to address the low investment in research and development (R&D) in Africa and the continent’s underperformance in research output The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) is…
In a landmark move for Uganda’s health insurance sector, APA Insurance Uganda, in partnership with Hollard Health, has launched a new, innovative health insurance solution called ‘APA International Health’. With a maximum coverage limit of up to Shs36 billion, the…
Africa stands at a critical juncture, facing persistent global volatility while striving to unleash its full economic potential. This was the powerful message at the Regional Workshop on the “Accelerated Implementation of the Africa Continental Free Trade Area (AfCFTA) Agreement”…
Airtel Uganda’s public termination of an employee, Mr. Mabingo Juma, for “gross misconduct”, is more than a routine action by the Human Resource Manager’s office. It is a powerful and public statement that underscores the company’s aggressive efforts to combat…
Drawing on nearly two decades of last-mile delivery experience across nine African countries, the paper highlights how rethinking funding design could unlock private sector capacity and deliver impact at scale ENGIE Energy Access, Africa’s leading off-grid solar provider, has released…
Mountains of the Moon University (MMU) on Monday, September 15, 2025, proudly hosted the Roots Africa Symposium, a pivotal event that united students, farmers, leaders, and stakeholders under the theme “Innovation and Community Transformation.” The symposium showcased a powerful model…