East Africa is making significant strides in space technology, positioning itself as a burgeoning hub for space-related activities on the African continent. The region’s growing interest in space is not just a matter of national pride but is seen as…
British American Tobacco Uganda Limited has registered a 21.6% increase in net profit from Shs3.7bn to Shs4.5bn for the first six months of 2024, further showing the company’s continued growth trajectory. The company executives said on Aug.2 that the macro-economic…
MTN Uganda has announced a significant 29.7% increase in net profit to Shs 295.7 billion for the half-year ended June 2024, driven by robust growth in voice, data, and fintech services. The telecom company’s voice revenues rose by 15.1% to…
Uganda Airlines is expanding its wings. The national carrier recently announced the addition of three new routes to its network: Lusaka, Zambia; Abuja, Nigeria; and Harare, Zimbabwe. These exciting destinations will be served by Uganda Airlines’ flagship A330-800 aircraft, starting…
PostBank Uganda Limited has appointed Ibrahim Kato as its new Chief Retail Officer. With over 15 years of experience in the banking sector, Kato brings a wealth of knowledge and expertise to the role, having worked with both international and…
Coca-Cola Beverages Africa has appointed Josphat Mwangi to the position of General Manager for its subsidiary, Coca-Cola Beverages Zambia. Confirming the company’s commitment to developing leadership internally, Mwangi joins the Zambian team from Kenya, where he has been the Commercial…
In a significant gesture of strengthening ties and fostering collaborative efforts, the King of Tooro, His Majesty Oyo Nyimba Kabamba Iguru Rukidi IV, made his maiden courtesy visit to the MTN Uganda headquarters in Kampala today. This visit, highly anticipated…
The Minister of Gender, Labour and Social Development has appointed Mr. Gerald Paul Kasaato as the substantive Deputy Managing Director of the National Social Security Fund (NSSF), Uganda. His appointment follows a recommendation from the NSSF Board of Directors after…
RwandAir Cargo is launching new services to Dubai and Djibouti, both operated by its dedicated freighter B738SF. The expansion is part of the airline’s mission to connect Africa and the world, it said on June 10. The new routes will…
Three years ago, MTN Uganda embarked on an ambitious project to restore 220 hectares of forest cover. This initiative, part of the larger “Uganda is Home” campaign, celebrated the symbiotic relationship between MTN Uganda and the people of Uganda, reinforcing…
The Capital Market Authority (CMA) is pleased to announce the appointment of Mr. Thapelo Tsheole as the new Chief Executive Officer. With a distinguished career spanning over 24 years in the financial markets, Mr. Tsheole brings a wealth of experience…
The Diamond Trust Bank has bid farewell to its former Managing Director, Varghese Thambi, marking the end of his 17-year tenure with the bank. Thambi, who joined DTB in 2007, was hailed by the Deputy Governor of the Bank of…
IFC, a member of the World Bank Group, and Absa Group Limited, a South African-based bank, will provide an up to US$60 million commodity trade finance facility to Volcafe, a leading global green coffee merchant, to strengthen the company’s operations…
Members of Uganda Bankers’ Association (UBA) held their annual general meeting on the 17th May 2024 and elected Mr. Julius Kakeeto, as the new Chair taking over from Ms. Sarah Arapta who served for a two-year term of office (2021…
Controversy has arisen over the appointment of Eng James Kwesiga Nkamwesiga as Executive Director, of Uganda National Bureau of Standards (UNBS) announced last week. UNBS announced Nkamwesiga successful candidate from the selection exercise that started in January with the advertisement…