Uganda has taken back control of its electricity distribution system and the test has begun. Following the exit of Umeme Limited, Uganda Electricity Distribution Company Limited now assumes full responsibility for power distribution. This places the state utility at the center of one…
The East African Capital Markets Conference (EACMC 2025), held in Kampala this week, concluded with a powerful consensus: the future of the region’s finance lies in the strategic embrace of Digital Transformation and Sustainable Finance. The gathering of regulators, policymakers,…
NIC Holdings Limited, a listed company on the Uganda Securities Exchange (USE) under the leadership of Elias Edu as Managing Director, has delivered a sharp warning to its investors, announcing an expected consolidated net loss for the half-year period ended…
The East Africa Capital Markets Conference (EACMC 2025), hosted a few days ago in Kampala by the Capital Markets Authority (CMA) Uganda in partnership with the Uganda Securities Exchange (USE), signalled a definitive shift for the region’s financial landscape. Under…
A strategic collaboration between MoMo by MTN and the Uganda Securities Exchange (USE) is set to revolutionise how ordinary Ugandans access investment opportunities, moving the process from the brokerage office to the mobile phone. MoMo led by the Chief Executive Officer…
For too long, a common perception has held back millions of Ugandans from securing their financial futures: that investing is a privilege reserved for the wealthy or a complex world only for experts. This belief, however, is a myth that…
In a landmark decision set to redefine Uganda’s digital and financial landscape, shareholders of MTN Uganda led by Charles Mbire, overwhelmingly approved the structural separation of MTN Mobile Money (U) Limited (MoMo) from MTN Telecom. This strategic move, unveiled at…
In a strategic move poised to significantly sharpen its competitive edge and expand market footprint within Uganda’s banking sector, Bank of Baroda Uganda has announced the appointment of Mr. Deepak Kumar Mishra as its new Executive Director to the Board,…
The Uganda Securities Exchange (USE) team is set for a strategic boost following the appointment of Dan Tumuramye as a new Director to its Board. His nomination, appointment, and official reception occurred during an Extraordinary Meeting held on Thursday, July…
The Uganda Securities Exchange (USE) has warned investors against investing money in Umeme’s shares at a time when the company is reporting losses for the financial year 2023 A statement issued by the USE regarding this matter reads in part,…
MTN Uganda, under the leadership of Sylvia Mulinge, the Chief Executive Officer (CEO), has announced plans to structurally separate its mobile money and financial technology business, MTN MoMo, from its core telecommunications operations. This move, according to the company’s Board…
Africa’s economy is experiencing rapid growth, driven in part by the thriving stock exchanges across the continent. This is attributed to the Chief Executives and Managing Directors who are guiding these exchanges by playing a crucial role in shaping Africa’s…
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…
Bank of Baroda (Uganda) Limited has released its Annual Report and Audited Financial Statements for the year ended December 31, 2024, showcasing robust financial health and strategic growth. The report highlights the bank’s resilience in a dynamic economic environment, marked…
In a fresh twist of events, the Auditor General, Edward Akol, has revised the figure for the Umeme buyout from the earlier estimated Shs700.218 billion to Sh432.677 billion, a move that’s bound to spark controversy. The Speaker of Parliament Rt. Hon.…