Tag Stanbic Bank

Entebbe Airport Expansion: Chinese Delegation Visit Highlights Strategic Partnership and Progress

A high-level delegation led by Hu Zhangliang, Vice Chairman of the China International Development Cooperation Agency (CIDCA), visited the ongoing expansion project at Entebbe International Airport on September 21, 2025. The inspection and subsequent meeting with key Ugandan officials, including…

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Uganda’s Oil Ambitions Face Delays After Auditor General Flags Critical Shortfalls Ahead of First Oil Production

Uganda’s journey to becoming an oil-producing nation is facing significant hurdles, with a report from the Auditor General (AG) Mr. Edward Okwakol, revealing critical delays and underfunding across major projects. According to the report, while the government had set a…

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World Bank Women Empowerment Initiative Stalls as Shs41Bn GROW Project Money Lies Idle in Banks

A World Bank-funded project designed to empower women entrepreneurs across Uganda, popularly known as ‘GROW’, is facing significant challenges, with a new report revealing that a massive Shs41.22 billion in funding remains unspent. The Generating Growth Opportunities and Productivity for…

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Government Loses Shs11 Trillion as Auditor General Flags Massive Revenue Leakage from Black Market Gold Exports

Uganda is losing staggering amounts of revenue from its mineral wealth, with a new report from the Auditor General, Edward Okwakol, revealing a Shs11 trillion loss from black market gold exports. This massive financial haemorrhage is directly undermining the government’s…

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Uganda’s Power Grid Sees Extensive Growth as UEDCL Adds Over 640,000 New Connections in Six Months

In a significant display of progress since taking over from the private concessionaire Umeme Uganda Limited, the Uganda Electricity Distribution Company Limited (UEDCL) has added a remarkable 648,404 new connections to the national grid in just six months. This achievement,…

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Umeme Records Massive Shs156 Billion Loss Amid Concession End and Backlash from Ministry of Energy

The unaudited interim financial results released by the Capital Markets Authority (CMA), as presented by the company’s directors, led by Selestino Babungi, the Managing Director, paint a picture of an entity in transition, grappling with the operational re-transfer of its electricity…

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Accelerating AfCFTA Impact: Experts Unveil Blueprint for Africa’s Economic Transformation in Lusaka

Africa stands at a critical juncture, facing persistent global volatility while striving to unleash its full economic potential. This was the powerful message at the Regional Workshop on the “Accelerated Implementation of the Africa Continental Free Trade Area (AfCFTA) Agreement”…

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Mountains of the Moon University Powers New Era of Community-Led Transformation and Agricultural Innovation

Mountains of the Moon University (MMU) on Monday, September 15, 2025, proudly hosted the Roots Africa Symposium, a pivotal event that united students, farmers, leaders, and stakeholders under the theme “Innovation and Community Transformation.” The symposium showcased a powerful model…

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