A landmark investment opportunity is on the horizon for Uganda, as President Yoweri Kaguta Museveni recently met with a delegation of investors from Austria’s EcoNetix, a clean energy company. The discussion centered around a potential USD500 million (about Shs 1,839,755,000,000)…
The Government of Uganda, in partnership with Centenary Bank and the Private Sector Foundation Uganda (PSFU), has launched a groundbreaking initiative to empower women entrepreneurs through the GROW project. This project has already enabled over 2,073 women to access funds…
In a landmark ruling, the Tax Appeals Tribunal has ordered CFAO Motors, formerly Toyota Uganda, to pay Shs2.08 billion to the Uganda Revenue Authority (URA) in a Value Added Tax (VAT) dispute. The tribunal’s decision clarifies the application of Value-Added…
Dr. Fabian Kasi, the Managing Director of Centenary Bank, has revealed that the bank has invested over Shs200 billion in Ugandan startups since in the past few years. This significant investment has benefited over 5,000 enterprises, providing them with crucial…
In a move set to revolutionize the financial landscape of Uganda, MTN Mobile Money (MoMo) has introduced Digital Credit, an innovative financial service designed to provide individuals and businesses with convenient, secure, and affordable credit facilities. This groundbreaking service is…
In a bid to safeguard the interests of shareholders, the Capital Markets Authority (CMA) of Uganda has introduced stringent regulations regarding the appointment or replacement of Chief Executive Officers (CEOs) in companies operating within the country. This move is aimed…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
Ugandans are known for their resilience, warmth, and entrepreneurial spirit—qualities that define the Pearl of Africa and its people. It is this deep understanding of Uganda’s dynamic and youthful population that has propelled Sylvia Mulinge, CEO of MTN Uganda, to…
The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has dismissed concerns raised by certain individuals and Civil Society Organizations (CSOs) regarding the use of specific pesticides in Uganda. In a statement issued on Friday, Permanent Secretary Maj. Gen. David…
Dr. James Musinguzi has been appointed as the new Executive Director of the Uganda Wildlife Authority (UWA), replacing Sam Mwandha, whose two-year contract has ended. His appointment marks a pivotal moment for UWA, promising new strategies and initiatives to elevate…
Sustainable agriculture is improving the livelihoods of millions of Ugandans engaged in crop and animal husbandry. Agnes Mbabazi, CEO of Agrifarm Uganda Limited, has taken this mission personally, striving to revolutionize agriculture in Uganda. With determination and resilience, Mbabazi fully…
On Tuesday, officers from the Criminal Investigations Directorate (CID) made a bold move in the fight against abuse of government funds by arresting nine senior officials from the Ministry of Finance. The arrests followed an ongoing investigation into the alleged…
A tragic incident at Entebbe International Airport in the early hours of Thursday has not only shocked the aviation community but has also raised critical questions about the safety and communication protocols at Uganda’s primary international gateway. Two female passengers…
Geoffrey Kihuguru, a distinguished businessman and insurance expert, has been appointed as the new Chairman of the Board of Directors at Uganda Development Bank (UDB). Kihuguru, who serves as the Chief Executive Officer of Pentad Insurance Brokers, brings a wealth…