Uber and Bolt have announced plans to resume operations in Tanzania, after weeks of controversy. The companies were forced to suspend services in Tanzania following the government’s regulatory changes that were enforced effectively from March, 2022. In March this year,…
MTN Uganda and the Kingdom of Tooro have enjoyed a cordial relationship over the years. This is envisaged through the various initiatives jointly undertaken by the kingdom and MTN. This partnership is underpinned by a cooperation agreement signed between MTN…
Absa Bank Kenya CEO Jeremy Awori is set to resign in October after a ten-year stint that saw the lender rebrand from Barclays bank to Absa. According to the lender’s board, Awori is stepping down to pursue a different career…
Stakeholders in the banking sector say financial literacy and skills development should be prioritized in efforts to support Small and Medium Enterprises (SMEs) recover from covid-19 frustration, Speaking during the Signing of MOU btn Post Bank and Federation of small…
Prudential Uganda and Prudence Foundation launched the SAFE STEPS road safety campaign, a public service program aimed at raising awareness about road safety, by providing clear and simple life-saving messages on road safety. The initiative was created and developed by…
Priscilla Akora is the new Head of Marketing and Communications at PostBank Uganda Limited. In her new role, she will be responsible for driving integrated marketing communications, as well as a reputational strategy for PostBank. Prior to her appointment as…
Paint manufacturers Kansai Plascon have donated paint worth Shs 30million to Uganda Martyrs Hospital, Rubaga to support the hospital in its construction projects. The paint was handed over to Catholic Church leaders and Rubaga Hospital officials on Tuesday afternoon by…
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…