Salaam Bank Uganda, a provide of Shariah-compliant financial services, has won the Best New Islamic Bank award at the prestigious Islamic Finance News (IFN) Global Awards, 2024. The coveted global award recognises the bank’s commitment to providing innovative and customer-centric…
Rotary International President Representative Brenda Cressey and speaker Anita Among at the 2024 Cancer Run launch at Nsambya Hospital. Looking on right is Fabian Kasi the Managing Director of Centenary Bank (right Centenary Bank, together with its subsidiary, Centenary Foundation…
Uganda Baati has launched its 60th anniversary campaign at a media event held in Kampala today. Founded in 1964, Uganda Baati has been at the forefront of the steel manufacturing industry, introducing numerous advancements and achieving many firsts in Uganda…
The world’s electric car fleet continues to grow strongly, with 2024 sales set to reach 17 million. Despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3 cars on the roads in China by 2030…
The Government of Uganda raised a total of Shs982.61 billion from auctioning of two treasury bills and one Treasury bond in the month of March 2024. Particularly, Shs501.53 was from Bills while Shs 481.08 billion was from the Bond auction.…
The African Development Bank Group (AfDB) has reached a negotiated settlement with China Henan International Cooperation Group over failure to disclose it used a commission agent for a road project in Uganda. China Henan found itself on the wrong side…
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit…
FSDAi Nyala Facility BV, a facility set up by FSD Africa Investments to invest in emerging local capital providers, is injecting US$1 million into Linea Capital, a South Africa-based financier. Linea Capital specializes in revenue-based finance (RBF), an innovative model…
Kenya’s largest media house, Nation Media Group, has announced a loss of KSh 205.7 million in the full year 2023, from KSh 318.5 million profit in 2022. “As we embark on our Digital Northstar journey, a decision was made to…
Ugandan business leaders have been urged to make a strategic shift towards proactive risk management. Key speakers called for a change in strategey, at a recent breakfast forum co-hosted by Marsh, a global leader in insurance broking and risk management,…
Absa Bank Uganda in collaboration with Bishop Stuart University Mbarara, commemorated World Earth Day on Monday by planting 500 trees. The initiative spearheaded by Absa Bank’s Business Banking Director Albert Byaruhanga brought together Absa staff, university staff and students and aimed…
FSD Africa Investments and Allied Climate Partners have today entered into an Memorandum of Understanding and will partner to address a critical financing gap for climate infrastructure, mitigation and adaptation in Africa. This aligns with the core missions of both…
Maxwell OKello, the esteemed Chief Executive Officer of America Chamber of Commerce (AmCham) – Kenya As the curtains rise on the highly anticipated AmCham Business Summit in Nairobi, Kenya, the spotlight converges on Maxwell OKello, the esteemed Chief Executive Officer…
At MTN Uganda, our customers are at the heart of everything we do. It is this customer-centric approach that has propelled us to be recognized as the Fastest Mobile Network in Uganda in 2023 by Ookla, a global authority in…
291 enterprises across the country are to benefit from the first phase of the Enterprise Development Program that commenced Tuesday, courtesy of Uganda Development Bank and other organisations. The program’s focus is on training in management best practices, debt management,…