The Uganda Civil Aviation Authority (CAA) this week organised a one-day workshop at Protea Hotel, Entebbe, bringing together key stakeholders from various industries to discuss avenues to strengthen partnerships and enhance Uganda’s export potential. The event was attended by representatives…
In a bid to revamp the country’s power grid, the government of Uganda is set to invest US$ 100m about Shs370Bn in the Uganda Electricity Distribution Company Limited (UEDCL), which took over from Umeme at the beginning of this month.…
The State Minister for Minerals, Phiona Nyamutooro, over the weekend presided over the handover ceremony of assets of Kilembe Mines Limited to Uganda National Mining Company ( UNMC), Sarai Group and Nile Fireboard Limited, the three entities that are set…
Quality Chemical Industries Limited (QCIL) has appointed Dr. Frances Philomena Namatovu as its new Executive Director. This strategic appointment is expected to further enhance the company’s business operations, leveraging Dr. Namatovu’s extensive experience and expertise in the pharmaceutical industry. QCIL…
In a move that has sent ripples through the Southern African trade corridors, Tanzania has given South Africa and Malawi an ultimatum over trade restrictions on its agricultural exports. Tanzania’s Agriculture Minister, Hussein Bashe, has demanded that both countries lift…
The growing trade volume between Uganda and the United Kingdom is a significant development for Uganda Airlines and the country’s economic growth. With direct flights between the two nations via Uganda Airlines, cargo transport will become more efficient, enabling fresh…
Stanbic Bank Uganda this week signed a Memorandum of Understanding (MoU) with Buganda Kingdom through the Buganda Cultural and Development Foundation (BUCADEF) to promote coffee farming among youth in the kingdom. This strategic partnership, which was signed at Mengo, Bulange…
Uganda Breweries Limited (UBL) has appointed Catherine Twesigye as the new Head of Premium Spirits, a strategic move to increase the company’s market share in the beverages industry. With over a decade of experience in marketing and sales, Twesigye brings…
Ramathan Goobi, the Permanent Secretary of the Ministry of Finance, Economic Planning and Development, has revealed that Uganda Airlines offers numerous opportunities for the local and business community to drive economic growth. During the Uganda-UK Business Forum held at the…
In a bid to drive economic growth and fight poverty in Uganda, Stanbic Bank has partnered with Buganda Kingdom to empower coffee farmers in the Buganda region. This strategic partnership, which also aims at empowering SACCOS, was unveiled on Tuesday,…
Key Financial Highlights Absa Bank Uganda has announced impressive financial results for the year ended December 31, 2024, with profit after tax surging by 22% to Sh178 billion, up from the previous year. The bank’s total revenue grew by 15% to Sh546…
NIC Holdings Limited (NIC) has officially announced the retirement of its Managing Director, Mr. Bayo Folayan, effective 30th April 2025, marking the end of a distinguished 13-year tenure. The company also revealed the appointment of Mr. Elias Edu as the Acting…
A heated dispute has emerged between Umeme Limited and the Ugandan government over the buyout amount following the expiry of Umeme’s 20-year concession in power distribution. The government, through a loan from Stanbic Bank, offered Umeme USD118 million, approximately Shs432…
The Ugandan government recently took a significant step towards commercializing its oil and gas sector by signing an implementation agreement with Alpha MBM Investments, a Dubai-based company, to construct a USD$4 billion (about Shs1.4 trillion) oil refinery. The production sharing…
President Yoweri Kaguta Museveni’s new directive banning the exportation of raw minerals from Uganda aims to promote value addition and boost the country’s economy. “If you cannot process minerals from Uganda, leave them alone, and do not export them. Our…