In a significant boost to its economic diversification and growth agenda, Uganda has secured USD 150 million (over Shs537 billion) in vital funding from the Arab Bank for Economic Development in Africa (BADEA), earmarked specifically to empower its private sector.…
Uganda’s ambitious drive to transform its tourism and oil and gas sectors, key pillars of its economic future, faces a significant setback after the Ministry of Works and Transport announced the suspension and slowdown of several critical road construction projects…
In a profound display of regional solidarity and strategic economic foresight, the President of Uganda H.E. Yoweri Kaguta Museveni and his Kenyan counterpart H.E. Dr. William Ruto, concluded an official State Visit on Tuesday, July 30th, 2025, by signing eight…
Ugandan women entrepreneurs, recognised as powerful drivers for socio-economic transformation, are set to gain unprecedented access to tailored and affordable financing solutions, thanks to a global partnership led by the World Bank Group and championed locally by Stanbic Bank Uganda.…
President Yoweri Kaguta Museveni has committed to strategically deploying Uganda’s much-anticipated oil revenues to the tourism sector, a move that is set to redefine the sector over time. This transformative pledge emerged from a pivotal meeting at State House on July…
Uganda is charting a bold new course for inclusive economic growth, with a particular focus on empowering women in trade and nurturing future generations of entrepreneurs. The Breaking Barriers to Trade conference, held in Kampala on Tuesday, served as a…
The 8th Annual Uganda Bankers Conference 2025 concluded on Tuesday with a powerful summation from Kenneth Mumba Kalifungwa, the Chief Executive Officer of Stanbic Bank Uganda, who underscored the pivotal role of remittances, financial technology (FinTech), and sustained collaboration in…
Uganda is rapidly advancing its position as a significant player in the global gold market, driven by an ambitious strategy to expand domestic gold production and increase value-added activities. This ambitious agenda received a substantial boost with the official commissioning…
Uganda’s emerging oil and gas sector is reaching a pivotal new phase, marked by a landmark agreement between the Uganda National Oil Company (UNOC) and Vivo Energy Uganda Limited. This strategic partnership, formally signed at UNOC’s head office in Kampala…
In a move signalling a strong commitment to its most valuable asset, its people, dfcu Bank has announced the strategic appointment of Marsha Nyonyozi Walusimbi as its new Chief of People and Culture Transformation. This key leadership role underscores dfcu…
Remittances are more than mere financial transactions; they are the bedrock of Uganda’s economic resilience, a lifeline for millions of families, and a powerful engine for national development. This was the central message delivered by Julius Kakeeto, the Managing Director…
Amidst persistent whispers and misinformation, the Uganda National Oil Company (UNOC) has stepped forward to set the record straight on the nation’s eagerly anticipated journey to first oil production. Tony Otoa, UNOC’s Chief of Corporate Affairs, has for the first…
In a landmark achievement that resonates beyond its borders, Uganda has positioned itself at the forefront of global medical innovation, as the United States Patent and Trademark Office (USPTO) has formally accepted two groundbreaking vaccine patent applications by Dr. Mathias…
In a critical move to bolster national emergency response capabilities, the Uganda Civil Aviation Authority (UCAA), in conjunction with the Ministry of Works and Transport’s Maritime Department and the Uganda Red Cross Society, has successfully concluded a series of intensive…
When global insurance giants shake hands, the tremors are felt far beyond boardrooms, reshaping markets and perceptions across entire economies. In East Africa, and particularly in Uganda, the Sanlam–Jubilee Allianz merger has done precisely that. Quietly finalised and operationalised in…