The Uganda Electricity Generation Company Ltd (UEGCL) has sounded the alarm on the potential risks associated with the Isimba Hydro Power Dam, warning that it could collapse at any moment, posing a significant threat to the lives of people living…
The Uganda National Oil Company (UNOC) , led by Proscovia Nabbanja as Chief Executive Officer (CEO), has launched a Menstrual Hygiene Management Program in schools in the Albertine Graben, donating reusable sanitary pads, sewing machines, and other essential materials to…
The Ministry of Works and Transport has taken a significant step towards boosting trade and tourism in the Rwenzori region by signing a Memorandum of Understanding (MoU) with China State Engineering Construction Company (CSEC) to upgrade Kasese Airstrip into an…
Uganda is poised to harness its energy resources to drive economic growth and development. The upcoming Energy Convention, scheduled to take place from April 29th to 30th, 2025, at the Kampala Serena Hotel, will bring together stakeholders to discuss the…
In the ever-evolving world of fintech, few names shine brighter than Strive Masiyiwa, the Zimbabwean telecom mogul who has reshaped Africa’s digital financial landscape. But now, Uganda has its leader making waves in the industry: Richard Yego, the visionary Managing…
Uganda Development Bank (UDB), which is headed by Patricia Ojangole as Managing Director, has introduced the UDB SME Kazi Loan, a tailored financial solution designed to empower small and medium enterprises (SMEs) in Uganda. This loan offers funding of up…
The equipment was delivered today to Mpugwe Health Centre III by a team from Stanbic Bank led by the Chief Executive Officer, Mumba Kenneth Kalifungwa, who hailed the medical personnel at the health facility for the great work they are…
The Bank of Uganda (BoU) has taken a significant step in the fight against financial fraud with the appointment of Dr. Tumubweinee Twinemanzi as Chairman of the Financial Sector Anti-Fraud Consortium. Dr. Twinemanzi is the Executive Director, National Payment Systems…
Being an entrepreneur in Uganda or anywhere else in the world is both rewarding and challenging. While there’s no secret to success, certain characteristics can increase your chances of building a long-lasting and lucrative business. According to experts at Stanbic…
Uganda’s discovery and development of oil resources in the Albertine Graben present a rare opportunity for economic transformation. The oil and gas sector has the potential to drive growth, invest in infrastructure, healthcare, education, and other vital sectors. However, this…
In a bid to revamp the country’s power grid, the government of Uganda is set to invest US$ 100m about Shs370Bn in the Uganda Electricity Distribution Company Limited (UEDCL), which took over from Umeme at the beginning of this month.…
The growing trade volume between Uganda and the United Kingdom is a significant development for Uganda Airlines and the country’s economic growth. With direct flights between the two nations via Uganda Airlines, cargo transport will become more efficient, enabling fresh…
Stanbic Bank Uganda this week signed a Memorandum of Understanding (MoU) with Buganda Kingdom through the Buganda Cultural and Development Foundation (BUCADEF) to promote coffee farming among youth in the kingdom. This strategic partnership, which was signed at Mengo, Bulange…
A heated dispute has emerged between Umeme Limited and the Ugandan government over the buyout amount following the expiry of Umeme’s 20-year concession in power distribution. The government, through a loan from Stanbic Bank, offered Umeme USD118 million, approximately Shs432…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…