Uganda’s business community is set to strengthen its connections and seize new opportunities as Business Network International (BNI) Uganda hosts the BNI Expo, scheduled to take place on May 31 and June 1, 2024, at the UMA Show Grounds in…
In a groundbreaking move, TotalEnergies, a global leader in energy production and innovation, is revolutionizing employee engagement and empowerment, extending its transformative initiatives to its workforce in Uganda. This strategic shift not only aligns with TotalEnergies’ ethos of sustainability and…
The Central Bank of Kenya (CBK) Weekly Treasury Bills Auction underperformed for the first time in 8 months. Bids received by the fiscal agent at this week’s auction amounted to KSh 23.6 billion, a performance rate of 98.2%, with the monetary authority…
Paris, April 26, 2024 – Employee shareholder ownership is the best way to associate the employees with the Company’s transition strategy, and therefore it is at the heart of TotalEnergies’ value sharing policy. Therefore, on April 25, 2024, TotalEnergies’ Board of…
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 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$1 million into Linea Capital, a South Africa-based financier. Linea Capital specializes in revenue-based finance (RBF), an innovative model…
FSD Africa Investments and Allied Climate Partners have today entered into an Memorandum of Understanding and will partner to address a critical financing gap for climate infrastructure, mitigation and adaptation in Africa. This aligns with the core missions of both…
291 enterprises across the country are to benefit from the first phase of the Enterprise Development Program that commenced Tuesday, courtesy of Uganda Development Bank and other organisations. The program’s focus is on training in management best practices, debt management,…
Vodacom Tanzania PLC has acquired broadband internet provider, Smile Communications, after purchasing all its shares to a tune of US$ 27.4 million. In 2022, Smile Communications was salvaged from financial insolvency by a Saudi-based investor, Al Nahla Group. Smile received…
Jubilee Health Insurance net earnings for the financial year 2023 increased 29 per cent to KSh 438 million up from KSh 339 million during a similar period last year. Speaking while announcing the results, Njeri Njomo, Jubilee Health Insurance CEO…
Absa Bank Uganda has reported a growth in revenue by Sh64 billion, amounting to a 15.6% growth from the previous year and resulting in a profit after tax of Sh146 billion, according to financial results for the year ended December…
Port-Louis, 16 April 2024 – SBM Bank (Mauritius) Ltd (SBM Bank), one of the leading banking institutions in Mauritius, and the Eastern and Southern African Trade and Development Bank Group (TDB Group) have signed a Memorandum of Understanding (MoU) to collaborate on…