Bank of Uganda has written to the Uganda Registration Services Bureau (URSB) advising it to amend the name Crane Bank Ltd by deleting the word “Bank” from the name in line with…
Half Day city tour of Addis Ababa will give you an insight to History, Culture, beliefs and life style of Ethiopians
The Ethiopian Securities Exchange (ESX) announced today the successful closing of its capital-raising exercise, surpassing by more than two-fold the amount of funds it sought to start its operations. Initiated in November…
Dr Peter Mwesige has joined the Collaboration on International ICT Policy for East and Southern Africa (CIPESA) where he is the chief of Party of their USAID funded project, Your Rights Activity. The…
The Minister of Gender, Labour and Social Development of Uganda Betty Amongi Akena and Ali Bin Samikh Al Marri, Qatar’s Minister of Labour, entered into a bilateral labour agreement that aims to streamline…
Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December…
Bamburi Cement expects its 2023 net earnings to drop by at least 25 per cent, the listed company said in a profit warning. The Hima Cement transaction, valued at $120 million, was…
MTN Group, Africa’s largest network operator by subscriber base, has sold its equity stakes in MTN Guinea-Bissau and Guinea-Conakry to Africa-focused telecommunication service, Telecel. “Telecel, an established telecoms operator with a significant…
The Nigerian Federal Government filed tax evasion charges against Cryptocurrency giant Binance, according to media reports. “Any company that transacts business above N25 million annually is deemed by the Finance Act to…
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.…
Interswitch, one of Africa’s leading integrated payments and digital commerce companies and eMaisha Pay have announced a partnership which will digitize payments in Uganda’s agriculture sector to address several challenges encountered by…
John Gachora, Group Managing Director – Executive
For the first time in seven years, Kenya Airways has reported an operating profit of KSh 10.5 billion in the year ended December 31 2023, a 287% increase from the KSh 5.6…
Umeme, Uganda’s electricity distribution company has recorded a significant drop in its full-year financial result for the period ended 31 December 2023, driven by accelerated amortization of intangible assets. “As the natural…
Uganda’s seasoned advocate for financial inclusion Innocent Kawooya has been appointed as the Chairperson of the Bank of Uganda’s Promote Gender Inclusive Finance Working Group. Kawooya is the Chief Executive Officer of…