A Paris court held a crucial hearing this week in a campaigner’s bid for accountability from French energy multinational TotalEnergies over its contentious oil project in Uganda. The East African Crude Oil Pipeline (EACOP) project, which is under the leadership…
As the world marks Menstrual Hygiene Day on May 28, Ecobank Uganda is taking significant strides to address period poverty and promote girls’ education. The bank has been actively supporting the Keep a Girl in School (KAGIS) initiative in partnership…
Castle Placement LLC, a premier private capital investment bank, has been mandated to raise US$5 billion (about Shs18.2 trillion) for 1Stock Limited, an investment management company registered in Uganda. The funding will be used to support large-scale infrastructure developments across…
The Uganda Bankers’ Association (UBA) has officially inaugurated the UBA Agro-Industrialisation, Tourism, Mineral development, and Science (ATMS) Technical Working Group, with Stanbic Bank’s Executive Director and Head of Corporate and Investment Banking, Mr. Paul Bitature Muganwa, at the helm as…
The National Agricultural Research Organisation (NARO) has made a groundbreaking achievement in the development of a new anti-tick vaccine, NAROVAC, which is set to revolutionise livestock farming in Uganda. The vaccine, developed by the National Livestock Resources Research Institute (NaLIRRI),…
Uganda’s aspirations to become an oil-producing nation have long been in the making. With the discovery of commercial oil reserves in the Albertine Graben nearly two decades ago, the country embarked on a journey towards energy self-sufficiency and economic independence.…
The Kenya Commercial Bank (KCB) Uganda has taken a significant step in supporting the growth and resilience of Uganda’s energy industry by unveiling two new products specifically designed for the oil and gas sector. The products, launched during the KCB…
In a significant milestone for Uganda and African women, Dr. Patricia Ojangole, the Managing Director of Uganda Development Bank (UDB), has been appointed Chairperson of the Association of African Development Finance Institutions (AADFI). This appointment is a testament to Dr.…
Uganda Airlines is set to benefit significantly from a new partnership with the Nigerian government, UNDP (United Nations Development Programme) Nigeria, and Nigerian Airlines, after it launched a dedicated Nigeria-East and Southern Africa cargo route. This partnership, which was unveiled…
The Bank of Uganda (BOU) has unveiled its Strategic Plan 2022-2027, aimed at promoting macroeconomic stability, financial sector development, and sustainable, people-centred growth. According to Prof. Augustus Nuwagaba, the Deputy Governor of BOU, the Bank’s role goes beyond monetary policy…
Key stakeholders from civil society, government, and the oil and gas sector have pledged to deepen cooperation and foster mutual understanding to advance best practices in business and human rights in Uganda’s extractive industry. The commitment was reaffirmed during the…
When a bank finances medicine for the sick, power for a nation, and the dreams of entrepreneurs, it does more than grow its loan book, it secures a stake in the future of its country. In recent weeks, Stanbic Bank…
The Uganda Development Bank (UDB) has signed a USD 30 million (about Shs109,412,100,000) line of credit agreement with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group. The agreement…
Uganda and China have signed a Memorandum of Understanding (MoU) to enhance technical exchange and collaboration on dam safety. The partnership was signed on the sidelines of the International Commission on Large Dams (ICOLD 2025) conference in Chengdu, China, between…
The Bank of Uganda has issued a stern warning to the public against using their National IDs as collateral for moneylenders. This warning was made during the Bank of Uganda Town Halls, a community outreach campaign aimed at fostering capacity…