SBM Bank (Kenya) Limited Board has announced the appointment of Mr. Bhartesh Shah as its new Chief Executive Officer (CEO), effective May 9th, 2024. Mr. Shah will assume the role of CEO, following the departure of Mr. Moezz Mir who…
In a strategic move to capitalize on the growth potential of its mobile money services, Airtel Africa has announced plans to take its mobile money unit public through an initial public offering (IPO) in 2025. This decision comes as the…
Standard Chartered Bank Uganda has been named the best-performing Primary Dealer Bank in the Government Securities Market for the year 2022-2023, earning the honour for the second time since the inception of the awards 19 years ago. Primary dealing involves…
Coca-Cola Co. is advancing plans for a significant initial public offering of its African bottling arm as soon as 2025, with a valuation that could exceed US$8 billion. This major financial move is set to end a period of sluggish…
Absa Bank Uganda, in partnership with World Vision Uganda, has commissioned facilities to improve water and sanitation for the girl-child in Abim district, Karamoja. This intervention aims to promote the continued inclusion of girls in education across the Karamoja sub-region.…
The Uganda Tourism Board (UTB) and Emirates Airlines have signed a partnership agreement aimed at promoting Uganda’s diverse tourism offerings to a global audience. The collaboration, announced by UTB CEO Lilly Ajarova, will showcase Uganda’s iconic tourist attractions, cultural landmarks,…
Safaricom Plc has released its financial results for the full fiscal year of 2024, reporting robust earnings propelled largely by its M-Pesa mobile money platform. In its Kenyan operations, Safaricom witnessed a remarkable 11.7% growth in service revenue, totaling Ksh…
TDB Group mourns the untimely passing of a dear colleague, Mr. Daniel Lam Chun, Chief Executive, ESATAL fund management company and TDB Group Executive, Indian Ocean-Lusophone Africa Coverage, on Tuesday the 7th of May 2024. Mr. Lam Chun joined TDB in…
Absa Bank Uganda and DHL Uganda have announced a partnership to support 800 Small and Medium Enterprises (SMEs) in accessing export markets through the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The programme aims to empower SMEs by enhancing their…
A team of researchers from Makerere University Centre for Environment for Development Initiative (EfD-Mak Center) on Friday 3rd May 2024 went to Parliament to share study findings on Uganda’s heavy reliance on fuel wood and charcoal to guide the country and, in particular…
The 2nd Uganda-Tanzania Business Forum is set to take place on May 23-24, 2024, at the Johari Rotana Hotel in Dar es Salaam, Tanzania. The event aims to strengthen the longstanding ties between the two nations and foster economic cooperation.…
MTN Uganda has its financial performance report for the first quarter ended 31 March 2024, indicating growth across all segments of the business. According to the report, despite MTN Uganda operating in a difficult business environment characterised by a struggling…
Uganda Airlines has taken a significant leap forward in its expansion plans with the arrival of a brand-new Airbus A320 aircraft at Entebbe International Airport. The 160-seat aircraft, configured with a 12-seat Business Class and a spacious 138-seat Economy Class,…
Makerere University students, staff and the general public will have easy and free access to Reproductive Tract Infection (RTI) health services courtesy of a new mobile application developed by Makerere University Hospital. The Mak RTI mobile App launched on Friday 3rd May…
Today, Private Sector Foundation Uganda and PwC Uganda launch a report on the Study of the Impact of Digital Tax Stamps in the Manufacturing Sector at the Kampala Sheraton Hotel. According to the report, there has been an increase in operational…