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…
The Uganda Tourism Board (UTB) has officially launched the National Marketing Strategy for Uganda’s Tourism Sector, a comprehensive framework designed to promote and position Destination Uganda on the global stage. This initiative, code-named the Uganda National Destination Marketing Strategy 2024/25-2028/29,…
Uganda’s Minister of Science, Technology, and Innovation (STI), Dr. Monica Musenero Masanza, has unveiled the government’s ambitious National Science, Technology, and Innovation (NSTI) strategy, which is aimed at driving economic transformation. The strategy, which Dr. Musenero unveiled today during the…
The construction of Uganda’s oil refinery is set to be a game-changer for the country’s economy, with a macro-economic study by Stanbic Bank revealing that it will add over US$3.3 billion (about Shs 12.53 trillion) to the country’s gross domestic…
The agricultural sector is the backbone of Uganda and many African economies, providing livelihoods for millions of people. However, according to experts, the industry is facing a significant threat from counterfeit agrochemicals and fertilisers. During the Crop Life Uganda Symposium…
In a landmark partnership, Stanbic Bank and the Government of Uganda have joined forces to unveil the Stanbic Women, Youth, and Farmers (WYF) agenda, a groundbreaking initiative to transform the lives of millions of Ugandans and accelerate economic growth. The…
Uganda has taken a significant step towards strengthening air connectivity and cooperation with Latvia by signing a Bilateral Air Services Agreement (BASA), signed on May 12, 2025. The agreement was signed by the Minister of Foreign Affairs, Hon. Jeje Odong…