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…
Dr. Akinwumi Adesina, the African Development Bank President, has warned of economic shockwaves from the new US tariffs, which could have far-reaching consequences for African countries. Speaking to CNN’s Christiane Amanpour, Dr. Adesina revealed that 47 of Africa’s 54 countries…
In a landmark move that reaffirms Uganda’s pharmaceutical self-sufficiency and regional health leadership, Quality Chemical Industries Limited (QCIL) has secured a USD36M ( about Shs131 billion) facility from Stanbic Bank Uganda. The financing will support the construction of a new…
A recent scandal involving a Ksh1.5 billion M-Pesa scam has led to the dismissal of 200 employees at Equity Bank in Kenya, which is one of the biggest cleanups in the Bank’s history. Sources at the Bank revealed to the…
In a significant move that will give the company great competitive advantage, Uganda Breweries Limited (UBL) today signed a 5-year MoU with the Ministry of Foreign Affairs (MoFA), to supply Ugandan Missions abroad with Uganda’s iconic gin, Uganda Waragi and…
The Uganda Bankers’ Association (UBA) has appointed Mr. Wilbrod Owor,its Executive Director, as the Secretary for its Central Executive Committee, for a one-year term, spanning from 2025 to 2026. This appointment to the UBA Central Executive Committee (CEC) is a…
In a bid to improve yields for maize farmers in the country, Bukoola Chemical Industries Ltd has launched MetrazinGold, a next-generation herbicide designed to help Ugandan maize farmers manage weeds more effectively. MetrazinGold is a powerful new herbicide formulated with…
The Stanbic Business Incubator, a subsidiary of Stanbic Uganda Holdings Limited (SUHL), has graduated 48 entrepreneurs after several months of rigorous training, mentorship, and coaching. The incubator was launched in April last year, offering two programs: the Stanbic Accelerator Programme…
In an era defined by rapid digital transformation and increasing public scrutiny, the power of effective communication has never been more critical for the banking sector. This pressing need has been squarely addressed by the Uganda Bankers Association (UBA), which…
MTN Uganda, in partnership with the Tooro Kingdom, on Thursday May 15, 2025, launched the fourth edition of the prestigious MTN Kabode Tooro Kingdom Amasaza Tournament at Muchwa, with this year’s edition expanding to include both football and netball competitions…