TDB Group and Anzana Electric Group (“Anzana”) announce the financial close and first utilization of a portfolio project debt package for two run-of-river hydropower projects in Burundi developed by Songa Energy. This USD 35 million 10.65MW long-term debt financing facility…
Dr. Fabian Kasi, the Managing Director of Centenary Bank, has revealed that the bank has invested over Shs200 billion in Ugandan startups since in the past few years. This significant investment has benefited over 5,000 enterprises, providing them with crucial…
In a move set to revolutionize the financial landscape of Uganda, MTN Mobile Money (MoMo) has introduced Digital Credit, an innovative financial service designed to provide individuals and businesses with convenient, secure, and affordable credit facilities. This groundbreaking service is…
In a bid to safeguard the interests of shareholders, the Capital Markets Authority (CMA) of Uganda has introduced stringent regulations regarding the appointment or replacement of Chief Executive Officers (CEOs) in companies operating within the country. This move is aimed…
The Uganda Tourism Board (UTB) announced today that its outgoing Chief Executive Officer, Lilly Ajarova, has been appointed as a Senior Presidential Advisor on Tourism. Ms. Ajarova, a respected figure in the Ugandan tourism industry, has served as UTB’s CEO…
Nicholas Opiyo, the founding Executive Director of Chapter Four Uganda, a prominent human rights organization, has stepped down from his leadership role after more than a decade. This marks the conclusion of a significant era for the organization, known for…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
Ugandans are known for their resilience, warmth, and entrepreneurial spirit—qualities that define the Pearl of Africa and its people. It is this deep understanding of Uganda’s dynamic and youthful population that has propelled Sylvia Mulinge, CEO of MTN Uganda, to…
The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has dismissed concerns raised by certain individuals and Civil Society Organizations (CSOs) regarding the use of specific pesticides in Uganda. In a statement issued on Friday, Permanent Secretary Maj. Gen. David…
American international money transfer company Mastercard has taken a significant step in expanding Uganda’s digital finance landscape by opening its first-ever office in Kampala. This milestone marks a new phase in Mastercard’s commitment to fostering financial inclusion and accelerating digital…
Dr. James Musinguzi has been appointed as the new Executive Director of the Uganda Wildlife Authority (UWA), replacing Sam Mwandha, whose two-year contract has ended. His appointment marks a pivotal moment for UWA, promising new strategies and initiatives to elevate…
The Bank of Uganda’s Monetary Policy Committee (MPC) today announced its decision to maintain the Central Bank Rate (CBR) at 9.75%. This decision comes amidst rising inflation, primarily driven by an increase in services inflation, particularly in passenger transport. While…
On Tuesday, officers from the Criminal Investigations Directorate (CID) made a bold move in the fight against abuse of government funds by arresting nine senior officials from the Ministry of Finance. The arrests followed an ongoing investigation into the alleged…