The Petroleum Authority of Uganda (PAU) has revealed the detailed commercial structure of the East African Crude Oil Pipeline (EACOP), a joint project between Uganda and Tanzania. This breakdown aims to provide transparency and clarity for Ugandans, investors, and stakeholders…
Uganda is poised to undergo a significant economic boost with the impending oil production, courtesy of revenues from the Oil and Gas sector, according to the Petroleum Authority of Uganda (PAU), which is headed by Mr. Ernest Rubondo. The government’s…
The Stanbic Bank Economic Insights Forum, a premier event for business leaders, investors, and policymakers, is set to take place on Tuesday, March 11, 2025, in Kampala. This year’s forum will be themed “Globalisation Reshaped-Riding the Waves of Economic Shifts,”…
A Major Move in Uganda’s Fintech Space MTN Group Fintech has announced a strategic partnership with Network International as its official payment processor and issuing partner. This collaboration marks a significant step in expanding digital financial inclusion across Africa, particularly…
Diageo, a global leader in the beverage industry, has announced significant changes to its leadership team. Hina Nagarajan, the current Managing Director and CEO of USL, will take on the role of President of Diageo’s Africa business, while Dayalan Nayager,…
Airtel Uganda’s recent announcement of a record-breaking interim dividend of Shs100 billion for the quarter ending December 31, 2024, has set new benchmarks for shareholder returns while sending ripples across Uganda’s competitive telecom market. Airtel Uganda, which went public in…
In a historic move, President Paul Kagame has appointed Dr. Soraya M. Hakuziyaremye as the first female governor of the National Bank of Rwanda (BNR), effective February 25, 2025. This appointment is a testament to Dr. Hakuziyaremye’s exceptional leadership skills,…
In a move set to shake up the insurance industry in Uganda, Aidah Nkwanzi has taken the reins as the new Chief Executive Officer of Britam Life Assurance. A seasoned insurance expert with over 18 years of experience, Nkwanzi is…
A recent Memorandum of Understanding (MoU) signed between EACOP Limited and the Government of Tanzania is set to bolster the oil and gas sector in Uganda. The agreement, facilitated through the Ministry of Home Affairs, outlines project security commitments in…
In a move aimed at boosting economic development in South Sudan, the African Development Fund (ADF) has approved a grant of USD 153.66 million (over Shs562 billion) for the Uganda-South Sudan power interconnection project. The project, which is part of…
British American Tobacco Uganda Limited (BATU) has announced significant changes to its Board of Directors, effective 1 March 2025. The changes include the appointment of a new Managing Director, the addition of a Non-Executive Director, and the resignation of an…
The Petroleum Authority of Uganda (PAU) has reaffirmed its commitment to improving the livelihoods of project-affected Ugandans through agriculture. During a quarterly engagement meeting with Non-Governmental Organizations (NGOs) and private sector players in Kampala, the PAU shared valuable insights on…
With the Easter holiday season just around the corner, businesses in Uganda are gearing up to capitalize on the increased consumer spending. Financial experts at Stanbic Bank have shared valuable insights on how entrepreneurs can maximize sales, profits, and customer…
The Uganda Electricity Generation Company Limited (UEGCL) has reaffirmed its commitment to supporting the country’s development agenda, as outlined in the National Development Plan (NDP) III (2020/21-2024/25) and the upcoming NDP IV (2025-2030). In a stakeholders’ workshop held at Skyz…
The recent rejection by the Ugandan parliament of a request to exempt businessman Donati Kananura from paying taxes worth Shs2,696,768,814 on grounds that he is battling diabetes and prostate enlargement has sparked a debate on the pros and cons of…