The Stanbic Bank Economic Insights Symposium, held at the Serena Hotel in Kampala today, has shed light on Uganda’s economic performance, highlighting the significant role of gold and coffee exports in driving economic growth. According to Christopher Legilisho, a lead…
The state Minister for Minerals, Hon. Phiona Nyamutoro, joined Inspire Africa Coffee during the weekend to launch the first ever Coffee Marathon in Uganda. The Coffee Marathon, which is set to happen on May 24, 2025, at the Inspire Africa Coffee Park…
Uganda’s Oil and Gas sector is gaining momentum, with the Tilenga Project in the Albertine Rift being a prime example. The latest updates indicate that currently over 110 wells have been drilled, marking significant progress in the project. This milestone…
Uganda’s oil and gas sector is at a critical juncture, with significant investments pouring in and production expected to commence soon. However, as emphasized by Ms. Lynda Biribonwa, Chairperson of the Board of Directors, Petroleum Authority of Uganda (PAU), at…
With March 31, 2025 fast approaching, the UGX 700 billion buyout of Umeme Limited is shaping up to be one of Uganda’s biggest corporate transitions in recent history. As the government finalizes plans to take over electricity distribution, stakeholders are…
As the world grapples with the challenges of climate change, energy security, and sustainable development, the role of petroleum resources in the energy mix has become increasingly important. That is the overriding theme at the 11th East African Petroleum Conference…
As Uganda moves towards full control of its electricity distribution, the government has strategically turned to Stanbic Bank Uganda, the country’s leading financial institution, for a crucial loan of Shs700 billion to finance the buyout of Umeme Limited. This partnership…
For nearly two decades, Umeme Limited has been the face of electricity distribution in Uganda, playing a pivotal role in power access, infrastructure investment, and stock market dominance. However, as the company’s 20-year concession comes to an end on March…
The African Development Bank (AfDB) has been instrumental in fueling socio-economic development in Uganda through its strategic partnerships with local financial institutions, such as the Uganda Development Bank (UDB). The UDB has been at the forefront of driving socio-economic transformation…
After a successful tenure as Chief Executive Officer of Absa Bank, Mumba Kenneth Kalifungwa has bid farewell to the institution, paving the way for his new role as CEO of Stanbic Bank Uganda. Kalifungwa’s leadership at Absa Bank was marked…
In a significant move to enhance Uganda’s agricultural sector, the Uganda National Bureau of Standards (UNBS) has signed a USD 1.5 million (over Shs5.5 billion) partnership agreement with Trade Mark Africa. This collaboration aims to promote standardization and export of…
In a groundbreaking move, Diamond Trust Bank (DTB) has announced a strategic partnership with MTN Uganda, endorsing the newly launched MTN MOMO Virtual Card as a game-changer in business operations in Uganda. This innovative partnership is set to transform the…
Small and Medium Enterprises (SMEs) form the backbone of Africa’s economy, driving employment, innovation, and economic transformation. However, their growth is often hindered by financial constraints, limited access to markets, and operational inefficiencies. The latest Mastercard SME Confidence Index 2025…
The Petroleum Authority of Uganda (PAU) has revealed the detailed commercial structure of the East African Crude Oil Pipeline (EACOP), a joint project between Uganda and Tanzania. This breakdown aims to provide transparency and clarity for Ugandans, investors, and stakeholders…
Ugandan farmers have long struggled with the adverse effects of climate change, which have severely impacted agricultural productivity. However, Dr. Clare Mukankusi, a renowned researcher in improved seeds, is breaking new ground by breeding climate-resilient bean varieties. Her innovative work…