Google has announced that 60 eligible black-founded startups across Africa have been selected for the second cohort of Google for Startups Black Founders Fund for Africa. The startups joining the program will receive a total of $4 million in funding…
Uganda Clays net profit has dropped by more than half to Shs2.7bn for the first six months ending June.30 but management insists there are no worries at least for now. “We project the economy to improve in the second half…
The Ker Alur kingdom bicycle races continue to garner support as the residents and youth of Padyere county streamed into this weekend’s races. The bicycle races have been attracting a big number of youths who are passionate about their culture…
DTB recorded a 30% growth to Shs20.3bilion driven by an increase in interest income, fees and commission, and foreign exchange business as Dfcu bank saw profit after tax double to Shs18.7billion. On the other hand, the country’s largest commercial bank,…
Bajaj Auto Ltd in association with Nish Auto Ltd and Verma Co Ltd has launched the new 125cc motorcycle CT 125 in Uganda. The launch of the CT 125, positioned, ‘Champion of Fuel-Efficiency in 125cc’ marked the company’s commitment to…
KAMPALA – The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. The headline…
Allianz acquires a majority stake into Jubilee, who are the captains of industry; reputable and professional leaders behind the merging of these two brands? The financial services industry in Uganda is turning its focus toward innovation to prepare for a…
On 30th August 2019, the URA Board of Directors approved the Lifestyle Audit Policy to combat corruption and illegal acquisition of property. Lifestyle Audit is the process of analyzing a person’s living standards to establish if it is consistent with…
The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Spanning a single network that includes Uganda, Tanzania, Kenya and South Sudan, the Borderless Banking solution has…
Absa Bank Uganda has partnered with the Uganda Institute of Information and Communication Technology (UICT) to provide ICT skills training to youth in vocational institutions around the country. The training is accredited by Amazon Web Services (AWS) following a partnership…
Cipla Quality Chemical Industries Limited, has announced that it will pay dividends in 4 years since it was listed on the Uganda Stock exchange. In the results for the financial year ending March 31, 2022, Cipla posted a profit after…
The Uganda Tourism Association (UTA) has called for the establishment of a committee to lead the return of Ugandan artefacts from foreign museums. Herbert Byaruhanga, the President of UTA made the call on Tuesday, 30 August 2022, as he and…
Six years ago, Motorcare appointed Florence Sempebwa-Makada as their Managing Director, the first Ugandan and first woman to hold the position. She’s still the only woman today in the country. She ascribes her success to meticulous preparation and thorough knowledge…
Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is…