National Stories
BoU to review StanChart’s exit plan from Uga..
Dec 3rd, 2024Pedson MumberePeterThe Bank of Uganda (BoU) is set to assess a proposal from Standard Chartered Bank Uganda regarding the sale of its wealth management and retail bankin..
Watu opens Uganda’s first boda boda training..
In a pro-active move aimed addressing the urgent need for road safety and professional motorcycle training, Watu Uganda, a leading asset financing com..
Starlink internet launch pushed to 2025..
US telecommunications giant Starlink’s launch in Uganda has been postponed to 2025...
MTN leading way to cashless economy..
In many developed countries, mobile payments, e-wallets and debit/credit cards, are now the most commonly used payment methods. ..
Exports slump as coffee crisis bites..
A new report by the Ministry of Finance, Planning and Economic Development has indicated that Uganda’s export earnings dropped by UGX 410.4 billion ..
Gov’t launches Buyende nuclear resettlement ..
The government has officially launched a Resettlement Action Plan (RAP) to facilitate the construction of the country’s first nuclear power plant in..
Zero dividends as Vision Group losses worsen ..
Uganda’s largest media house, New Vision Printing and Publishing Corporation, has reported a further decline in its financial performance for the ye..
MTN, Mastercard launch e-commerce platform..
In another first, MTN Uganda has become the first subsidiary of the MTN Group to launch an e-commerce platform, aimed at giving Ugandans a seamless on..
MTN Uganda staff release 'Sunny Days' song..
In a bid to use music as a catalyst for positive energy at the workplace, MTN Uganda has released “Sunny Days”, a lively tune created by MTN Ugand..
Relief as Gov’t sets interest rates for mone..
In a bold move aimed at tightening the noose on unscrupulous money lenders, the Government has published Legal Instrument 21 of 2024, which caps inter..
Electric boda boda cutting air pollution level..
On any given day in Kampala City, the streets are clogged with traffic, the air thick with exhaust fumes. In 2022, Kampala was on the list of the mos..
DTB enters mobile phone lending segment..
Diamond Trust Bank (DTB) and Credable Group have entered a partnership through which Ugandans will be able to borrow microloans via Airtel Money...
DTB customers to receive cash at no cost..
Diamond Trust Bank Uganda (DTB) has partnered with Xpress Money, an international money transfer service, to enable customers to receive money in over..
Uganda’s SGR project given to Turkish compan..
The Government of Uganda is set to officially hand over the construction of the Standard Gauge Railway (SGR) project to a Turkish company, following t..
Big names missing at COP29 in Baku ..
Several influential world leaders have opted not to attend an action summit this week at the center of climate talks in Azerbaijan. High on the agenda..
Five men remanded after phone-flashing crackdo..
A crackdown on the growing menace of identity theft, phone theft and flashing fraud has resulted in the arrest and prosecution of five men. ..
Unit trusts total assets soar to UGX 3.5 trill..
Uganda's financial assets under management (AUM) in the Collective Investment Scheme (CIS) market have hit an all-time high, reaching UGX 3.5 trillion..
MTN profits top UGX460 billion in 9 months..
MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billion for the nine months ending September 30, 2024. ..
EAC partners warned on trade bottlenecks..
Regional political and business leaders have expressed concern about the daunting challenges that the private sector continues to face in regard to tr..
PMI: Private sector maintains growth trend..
Uganda’s private sector showed resilience in October, with business conditions improving steadily as firms reported robust demand and increased hiri..
Fintech industry stimulating local economies..
Uganda is embracing the digital age, and the fintech sector is growing rapidly, transforming how people access financial services. At the forefront of..
National Mining Company Board inaugurated..
The Government has unveiled the Board of Directors for the National Mining Company (NMC) as part of the efforts to enhance its participation in the mi..
US election: Africa hoping for the better..
Voters in the United States today go to the polls to choose the 47th president of what is the world’s largest economic and military superpower, in a..
EU to spend EUR3.4 bn on renewable energy push..
The European Union (EU) has pledged EUR 150 billion (about UGX602 trillion) to support the energy transition in Sub-Saharan Africa over the next 15 ye..
Dubai billionaire takes over Uganda Telecom Lt..
A multi-billion-dollar investor based in Dubai in the United Arab Emirates (UAE), has acquired a majority stake in the Uganda Telecommunications Corpo..
Ugandans give Kenya Ports Authority nod of app..
The majority of Ugandan users of the Mombasa Port in Kenya are happy with the progress the Kenya Ports Authority (KPA) has made in making the clearanc..
2024 coffee year earnings hit $1.4 bn record..
Uganda’s coffee sector has achieved a historic milestone, with export earnings reaching an unprecedented US$1.4 billion from 6.35 million 60-kg bags..
10% of boda boda motorcycles now electric..
The adoption of electric motorcycles (EVs) in Uganda is gaining significant traction, particularly in the boda boda industry, which remains a vital so..
Uganda reactivates 1963 trade deal with Serbia..
A Ugandan delegation, led by Gen. Wilson Mbasu Mbadi, Minister of State for Trade, Industry, and Cooperatives, is in Serbia for the Joint Commission f..
Uganda gets positive IMF growth projection..
The International Monetary Fund (IMF) has painted a positive picture of Uganda’s economic growth prospects, posting a 5.9% growth projection, accord..
Only 13% of Ugandans use Internet for business..
Just one out of every 100 Internet users in Uganda are utilizing it for business or work, the 2024 National Population & Housing Census has shown. ..
MTN earmarks UGX390 million for six schools ..
MTN Uganda, through its corporate social responsibility arm, MTN Foundation, has earmarked UGX390 million to establish fully furnished computer labs i..
Watu asks for better conditions for boda-boda ..
Asset financiers, Watu Uganda, have called for a more balanced approach to managing the boda-boda industry amidst growing concerns over safety, pollut..
Optimism as national economy registers 6.6% gr..
Optimism as national economy registers 6.6% growth..
World Standards Day: Entrepreneurs tipped on c..
As Uganda joins the global community in celebrating World Standards Day this October, Minister of Trade, Industry and Cooperatives Francis Mwebesa is ..
Namibia to host Afreximbank Trade Finance even..
The African Export-Import Bank (Afreximbank), a Pan-African multilateral trade finance institution that aims to promote and finance trade within Afric..
Oil pipeline: Court blocks land owners ..
The Masaka Senior Resident Judge Lawrence Tweyanze has ruled that the government can proceed with the construction of East African Oil Pipeline (EACOP..
Watu Uganda celebrates global service accolade..
Watu Uganda, one of the country’s leading asset-financing companies, has been awarded the prestigious Client Protection Certification award...
BoU slashes key rate to 9.75% from 10.25%..
The Monetary Policy Committee (MPC) of the Bank of Uganda has announced a significant reduction in the Central Bank Rate (CBR), lowering it by 25 basi..
Bank loans grew by 6.8% in 2024, says BoU..
Commercial bank lending activities in Uganda have shown a robust increase, growing by 6.8% in the financial year ending June 2024, according to the Ba..
Government announces tough export rules to Chi..
The government has introduced stringent regulations that prospective Ugandan exporters must follow if their agricultural products are to be accepted i..
MTN Uganda top boss transferred to Rwanda..
Somdev Sen, the MTN Uganda Chief Marketing Officer, has been transferred to MTN Rwanda where he will take on a new role as Chief Digital and Commercia..
EADB gets positive credit ratings review..
The East African Development Bank's (EADB), the region’s premier development financial institution, has received positive credit results from a revi..
Optimism as 600MW Karuma Dam is commissioned..
The long-awaited 600MW Karuma Hydropower Dam has finally come online, raising hopes for a more industrialised and prosperous economy...
Charcoal hikes September inflation by 0.2%..
Uganda experienced a notable increase in inflation in September 2024, as headline inflation rate soared by 0.2%, consistent with the previous month. ..
Thousands throng Kapeeka Industrial Park Trade..
President Yoweri Kaguta Museveni has urged communities surrounding Kapeeka Industrial Park to take full advantage of the opportunities it offers in or..
Museveni commissions Royal Milk factory ..
Speaking at the commissioning of Royal Milk factory at Nalukolongo Industrial Park in Kampala recently, the President urged the proprietors to ensure ..
EADB launches UGX68 bn fund for Ugandan SMEs..
The East African Development Bank (EADB), the region’s leading development financial institution, has launched a new $15 million (about UGX68 billio..
Anxiety as donor aid taps shrink further..
During the recent presentation of the Budget Strategy for the Financial Year 2025/2026, officials from the Ministry of Finance, Planning and Economic ..
August coffee exports set new 838,000 bags re..
Uganda’s coffee industry soared to new heights in August 2024, earning UGX820 billion from exports, a testament to the country’s increasing promin..
Kazo school gets UGX65m MTN computer lab..
MTN Uganda, through its corporate social responsibility arm, MTN Foundation, has today enhanced the digital learning environment at St. Catherine Girl..
KK Security rebrands to GardaWorld Security..
KK Security has officially transitioned to GardaWorld Security in Uganda, marking a significant shift that promises to enhance employment opportunitie..
DTB earmarks UGX400m for youth health initiati..
The United Nations Population Fund (UNFPA) and Diamond Trust Bank (DTB) Uganda have signed a partnership worth USD106,458 (about UGX400 million) as a ..
The Top 10 strongest currencies in 2024..
Globally, the United Nations recognizes 180 currencies as legal tenders. The factors that determine the strength of a currency include the amount of ..
IMF cautions Ugandan banks over treasury bonds..
In a new report, the International Monetary Fund (IMF) has warned commercial banks against overreliance on Government securities saying it raises seri..
URA exceeds August target by UGX27 billion ..
The Uganda Revenue Authority (URA) has reported an impressive performance for August, with revenue collections surpassing the set target. ..
2025/26 budget strategy to focus on four pivot..
The Government is outlining an ambitious strategy for the 2025/2026 fiscal year, aimed at steering the country towards a fully monetized and formalize..
Uganda Airlines lands in Abuja, Nigeria..
Uganda Airlines has made its maiden flight to Abuja, Nigeria, a significant milestone in the airline’s expansion plan, aimed at facilitating smoothe..
Local suppliers protest new grain policy..
The government's decision to tighten grain procurement rules is stirring mixed reactions among suppliers. While the government says the new regulation..
Amongi drops Dr. Kimbowa from NSSF Board..
Gender, Labour and Social Development Minister Betty Amongi has appointed David Ogong as the new chairperson of the new Board of Directors for the Na..
Gov’t arrears threaten URA performance..
Uganda's revenue collection is facing a serious threat from the growing backlog of government arrears, which is straining the Uganda Revenue Authority..
Dangote Refinery ousts first petroleum product..
Nigeria's Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday...
Support beef value addition for export market ..
Uganda’s agricultural sector is experiencing an intense transformation, with the beef industry emerging as a pivotal force in this evolution. ..
Diamond Trust endorses UN responsible banking ..
Diamond Trust Bank (DTB) has become the latest financial institution to sign the UN Principles for Responsible Banking, which aim to align the banking..
UMA international trade fair set for October 2..
The Uganda Manufacturers Association (UMA) has officially launched the 30th Uganda International Trade Fair, set to take place from October 2 -10 at t..
Uganda extends oil exploration to Karamoja..
Uganda is stepping up exploration in the Moroto-Kadam and Lake Kyoga basins, aiming to boost its reserves to 6.5 billion barrels of oil, a strategic m..
UBOS reports rise in August inflation..
The Uganda Bureau of Statistics (UBOS) has released the Consumer Price Indices and Inflation report for August 2024, highlighting a slight increase in..
Gov't bans purchase of uncertified grain produ..
Government Ministries, Departments, Agencies and institutions will not be permitted to purchase grain from uncertified suppliers, Evelyn Anite, the st..
MTN donates new car to single mother of five ..
True to her surname, which means ‘God has heard my prayers,’ Night Ampurire has been described by everyone as an extremely lucky woman...
aBi Trust gives UCDA UGX16 bn boost ..
As Uganda races to comply with the European Union's new sustainability regulations, a major financial commitment, the Agricultural Business Initiative..
Ranches Finest commended on quality meat expor..
State Minister for Investment, Evelyne Anite, has commended Ranches Finest for its sustained production and export of high- quality beef products from..
Uganda fast-tracking oil refinery deal - Nanka..
The Ugandan government is accelerating negotiations with Alpha MBM Investments of the United Arab Emirates to finalize a landmark deal to build a 60,0..
Uganda Breweries invests UGX32 Bn on farmers..
Uganda Breweries Limited (UBL) has reported a 12% net sales growth in the last financial year, driven by the success of premium beer brands like Guinn..
Optimism as July coffee exports top 800,000 ba..
Uganda's coffee exports have surged to new heights, signaling a robust boost to the nation’s economy and a promising future for farmers. ..
Stanbic Bank assets, net profits surge ..
Stanbic Uganda Holdings Limited has announced a significant improvement in its financial performance, with total assets reaching UGX9.7 trillion, a 3...
MTN hands over UGX100 million Kiteezi relief..
MTN Uganda and MTN MoMo Uganda Ltd, through the MTN Uganda Foundation, have made a donation of relief items valued at UGX100 million to support 200 fa..
Digital skills for youth must be an urgent pri..
"I can’t believe this is happening! We have computers now!" exclaimed Aisha Nakalema, a student at Bishop Dunstan Nsubuga Memorial School on Bugala ..
UGX500m MTN Changemakers 2nd phase launched ..
MTN Uganda, through the MTN Foundation, has announced the launch of the second phase of the MTN Changemakers Initiative, a transformative program desi..
UK unveils UGX24 billion clean cooking initiat..
The United Kingdom has launched an initiative aimed at revolutionizing Uganda’s cooking practices as part of an ambitious effort to transition 65% o..
Optimism as Central Bank cuts key rate to 10%..
The Bank of Uganda (BoU) has slashed the Central Bank Rate (CBR) by 25 basis points to 10%, a development that experts say would have significant impl..
Top sponsors gang up for Ladies Open Tournamen..
NCBA Bank, Uganda Airlines, Uganda Breweries and Wandaz Products are some of the top corporate entities that have expressed interest in sponsoring the..
MTN half-year net profits soar to UGX295 billi..
MTN Uganda has announced a net profit of UGX295.7 billion for the half-year ended June 2024, driven by robust growth in voice, data, and fintech servi..
Cabinet clears Malaba-Kampala SGR project..
The vision of a modern and efficient railway network in East Africa is edging closer to reality as Uganda moves closer to the reality of its own Stand..
EABC wants uniform Common External Tariffs..
The East African Business Council (EABC) has urged regional governments of the East African Community (EAC) to uniformly apply the EAC Common External..
West Nile gets first National Grid connection..
The recent inauguration of the Kole-Gulu-Nebbi-Arua Transmission line by President Yoweri Kaguta Museveni marks a pivotal moment for the West Nile sub..
Inflation hits highest level in 12 months..
High cabbage, fish and Irish potatoes prices were the primary drivers of the 4% annual inflation in July, the Uganda Bureau of Statistics (UBOS) has i..
Uganda nets UGX 80 billion from visa fees..
The Directorate of Citizenship and Immigration Control (DCIC) has reported a substantial increase in revenue from visa visa fees for the 2023/2024 fis..
Uganda, Kenya moot petrol pipeline plan reviva..
Regional counterparts Uganda and Kenya are set to revive a long-standing plan to construct a pipeline that will enhance the transportation of fuel bet..
TotalEnergies acquires stake in Bujagali Power..
French energy giant TotalEnergies has signed an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of its subsidiary, SN Pow..
Concern over fewer girls in vocational institu..
The low enrolment and completion rates for girls in Uganda’s Technical Vocational Education and Training (TVET) programmes should be a serious conce..
Embassy of Norway to officially close next wee..
Ugandans are set to feel the pinch as of lost jobs and business services as the Norwegian Embassy in Kampala officially closes its doors next week on ..
Optimism as COMESA-EAC-SADC free trade area st..
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following ratification by the requisite number of member St..
UDB registers UGX 50 billion profits..
The Uganda Development Bank (UDB) has announced its 2023 annual performance report, highlighting its continued role in fostering economic resilience a..
Global electricity demand set to soar in 2024/..
The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves, and increasing uptak..
Oil refinery deal awaiting FID, says Minister..
Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on, Hon. Okasaai Opolot, the State M..
DTB plants UGX90m in Kasonke Forest Reserve..
Diamond Trust Bank Uganda has entered a partnership with the National Forestry Authority to restore degraded parts of Kasonke Central Forest Reserve...
MTN gives Nawansega hospital UGX58m injection..
MTN Uganda, through its philanthropic arm, MTN Foundation, has reaffirmed its commitment to improving healthcare access in Uganda with a significant d..
Stanbic Business Incubator gets new boss..
Stanbic Holdings Uganda Ltd has announced the appointment of Catherine Poran as the Chief Executive Officer of Stanbic Business Incubator...
Turkish, Chinese investors in trouble over wet..
The Standards Utilities and Wildlife Court has sentenced Kerim Ray, a Turkish investor and Director of Yamani Construction Limited, to pay a fine of ..
Uganda Airlines starts flights to Zambia, Zimb..
Effective this September, Uganda Airlines will start flying to two more African countries, following the announcement of flights to Harare in Zimbabwe..
Uganda boosts diplomatic, trade ties with Fran..
The Deputy Speaker of Parliament, Thomas Tayebwa, has hailed the cooperation between Uganda and France in the areas of trade, investment and diplomati..
Mixed reactions as Bank of Uganda goes for gol..
The Bank of Uganda (BoU) says it is set to start buying gold from the local market, amid concern over the ramifications on the economy given the count..
‘Uncle Money’ wins MTN’s cheer-leader mo..
Team Uncle Money has been declared winners of MTN’s official Uganda Cranes Cheerleaders competition dubbed ‘Tulage faaya.’..
Spiro unveils UGX3.8 million electric motorcyc..
Spiro, a leading electric motorbike manufacturer and clean energy provider in Africa, has launched its electric motorcycles on the Ugandan market. ..
Consolidate cross-border collaboration, region..
Stakeholders in the banking industry in the East African Region have been urged to find ways of working together more closely in a bid to strengthen t..
Huawei to set up Digital Village Prototype in ..
President Yoweri Kaguta Museveni has held a meeting with a delegation from Huawei Technologies, at which the company announced plans to establish the ..
Planning Authority warns on surging population..
The National Planning Authority has expressed concern about Uganda’s population, which has surged by 11.3 million since the last census...
Insurance industry premiums top UGX1.6 trillio..
The Ugandan insurance sector displayed remarkable resilience and growth in 2023, with Gross Written Premiums (GWP) increasing by 11.3% to reach UGX1.6..
EU, Enabel boost refugees with vocational skil..
More than 5,000 youth in refugee communities in the West Nile Region have been passed out after receiving vocational skills aimed at boosting their se..
Museveni sets up outfit to fight URA corruptio..
President Yoweri Museveni has set up a new unit at State House, aimed at keeping an eye on Uganda Revenue Authority and curb corruption in the tax adm..
MTN pays UGX40bn NSSF dividends as Fund surpas..
The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note having surpassed the targets. ..
NCBA Bank commits millions to central forests ..
NCBA Bank Uganda, in collaboration with the National Forestry Authority (NFA), has embarked on the restoration of degraded forests across the country...
Aviation sector soars above pre-COVID numbers..
Uganda’s aviation sector put up a resilient fight in 2023, registering a goodly comeback from the pandemic fall, which saw the global aviation indus..
Climate Change Crisis: Is Government really se..
On June 13, Hon. Matia Kasaija, the Minister of Finance, Planning and Economic Development, delivered the budget speech for the financial year 2024/25..
Stanbic unveils unit trust investment option..
Stanbic Uganda Holdings Ltd, the mother company of SBG Securities Ltd, has unveiled its unit trust, aimed at enabling individuals and companies to poo..
New MTN’s Zimba initiative to boost small bu..
MTN MoMo has launched a new initiative designed to empower small and medium-sized enterprises (SMEs) across Uganda. ..
Minister cautions entrepreneurs on informality..
Entrepreneurs have been urged to formalize their business ventures if they are to benefit from financial services providers and expand their businesse..
Optimism amidst Turkey coffee exports surge..
Ugandan coffee exporters have found a new market in Turkey as coffee producers worldwide brace themselves for new European Union regulations that bar ..
Kidepo National Park to get posh airport, hote..
The Government of Uganda has reached an agreement with the Sharjah Chamber of Commerce and Industry, a UAE group of investors, to construct Kidepo Int..
Uganda Airlines boss cautions suppliers on qu..
Local suppliers have been urged to adhere to international quality standards if they are to benefit from the business opportunities available at the U..
MTN launches UGX4.5 bn project for youth..
In January last year, Brian Tweheyo conceived the idea of a digital solution that would make renting easier for both tenants and landlords in the resi..
Moos as Kenya blocks Ugandan dairy products ag..
Top dairy exporters are bitter that Kenya has once again refused to grant them licenses to export their products to the lucrative market. ..
Why BoU closed Mercantile Credit Bank..
The banking industry is reeling with shock following the decision by the Bank of Uganda, the regulator of the financial services industry, to close do..
Stop budgeting for corruption, CSOs tell MPs..
In a stirring call to action, Civil Society Organizations (CSOs) want Members of Parliament to eliminate budget allocations that enable corruption. ..
Stanbic’s FlexiPay starts global money trans..
Ugandans working in the United Arab Emirates, the United Kingdom, the United States, South Africa, Kuwait, and more than a dozen other countries can n..
Museveni assents to Free Zones Authority, Expo..
The new law that merges the Uganda Free Zones Authority with the Uganda Exports Promotions Board is one of the Acts that have been assented to by the ..
Activists applaud UGX 516 Bn climate allocatio..
In a decisive move to address the escalating climate crisis, the Government has earmarked UGX 516 billion for climate change mitigation efforts in the..
Ugandan innovation wins UGX70m engineering pri..
An innovation by Mr. Martin Tumusiime and his friends has won 15,000 British Pounds (about UGX70 million) from the Royal Academy of Engineering’s Pr..
Goverment defends new Atomic Energy Bill ..
Environmental activists have put the Government on the defensive over the new Bill that it has drafted to replace the Atomic Energy Act of 2008...
Survey shows private sector improvement in May..
The month of May saw a further improvement in the private sector’s performance, according the Stanbic Bank Purchasing Managers’ Index (PMI). ..
NCBA Bank injects UGX80m into 2024 Golf Series..
NCBA Bank Uganda in conjunction with the Uganda Golf Club, have launched the 2024 NCBA Golf Series, a premier event aimed at advancing the sport of go..
Dubai Businessman Maktoum awarded top national..
President Yoweri Museveni has conferred the country’s top honour, the Order of the Crested Crane 1st Class Medal, upon Sheikh Mohammed Bin Maktoum B..
Uganda acquires $500m loan from S.Korea..
Uganda has signed an agreement with South Korea for a $500 million loan to help finance infrastructure building in the east African country, Uganda's ..
MTN restores five forests, set to introduce el..
In an ambitious move aimed at pioneering environmental stewardship for a sustainable future, MTN Uganda has registered tremendous success in restoring..
POATE exhibitors win Kenya Airways tickets..
Two lucky participants at the Pearl of Africa Tourism Expo (POATE) have won return tickets to Nairobi and Mombasa from Kenya Airways and the Kenya Tou..
BoU maintains CBR at 10.25% as inflationary pr..
Bank of Uganda has kept its key rate unchanged at 10.25% in June unlike in the previous month when it was raised from 10%, which was prompted by risin..
Tomatoes, vegetables push inflation to 3.6%..
The escalating prices of tomatoes and fresh vegetables have been the primary drivers behind the rise in headline inflation rate in May. ..
UGX322 billion earned from April coffee export..
Gross earnings from Uganda’s coffee exports in April amounted to about US$85 million (about UGX322 billion), according to the Uganda Coffee Developm..
MTN offers girls’ skilling initiative UGX270..
Smart Girls Foundation, a Kasangati-based girls’ skilling initiative, is set to receive an additional UGX271 million from MTN Uganda as part of the ..
UDB, Centenary Bank scoop top banking accolade..
The Uganda Development Bank (UDB) and Centenary Bank, an indigenous Ugandan bank, have won awards at the prestigious Banker of the Year Awards held in..
Address drivers of rising national debt - expe..
Uganda’s debt risks are becoming more pronounced both in the short to medium term, largely attributed to poor debt utilization as one of the key cau..
Footballer Cristiano Ronaldo tops highest-paid..
For the second year in a row, Cristiano Ronaldo, 39, is on top of the list of the highest-paid athletes compiled by Forbes, a US-based business magazi..
MTN offers 1.5 billion additional shares to Ug..
MTN Uganda has received the green light from the capital markets regulators to sell more than 1.5 billion ordinary shares to the public...
Uganda Cranes fans to receive millions from MT..
In a bid to re-ignite passion for the national football team, the Uganda Cranes, MTN Uganda has launched a new campaign to identify and reward the cou..
New NCBA branch to serve Namanve investors..
NCBA Bank has opened a new branch, strategically located in Namanve Industrial Park near Kampala, a development officials said underscores the bank’..
MTN contributes UGX42.5 billion to UCC Fund ..
MTN Uganda has handed over a contribution of UGX42.5 billion in a major boost to the Uganda Communications Commission’s Universal Service and Access..
BoU chief salutes DTB’s Thambi over exceptio..
The Bank of Uganda Acting Governor, Dr Michael Atingi-Ego has hailed Thambi Verghese, the outgoing managing director of Diamond Trust Bank Uganda, for..
Why is URA over-complicating a simple VAT syst..
The ongoing fight between small-scale traders and the tax authorities is a clear indication that the administration of Value Added Tax (VAT) has glari..
Economic uncertainty as Uganda’s credit rati..
Global credit rating agency Moody’s Ratings has downgraded Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2, a ..
UBA elects new Board as assets soar to UGX50 t..
Members of the Uganda Bankers Association (UBA) have voted Julius Kakeeto as their new chairperson, replacing Sarah Arapta. ..
Uganda Breweries injects UGX100m into POATE 20..
Uganda Breweries Limited, makers of Pilsner Lager, have announced a sponsorship deal worth UGX100m for the Pearl of Africa Tourism Expo (POATE), which..
Salaried employees warned on saving..
Individuals and businesses should take advantage of the current fragile economic situation to adopt a culture of saving, which is crucial for sustaini..
Expectations high as UNBS gets hi-tech executi..
Mr. James N. Kasigwa has been named the new executive director of the Uganda National Bureau of Standards (UNBS) following an appointment by the Minst..
Uganda getting set for 24,000 megawatts nuclea..
Uganda's uranium exploration is gaining momentum to meet global energy demands, with plans for a 24,000MW nuclear power station by 2040, Irene Batebe,..
Shell launches engine oil campaign for motorcy..
Shell Uganda has launched a new campaign to promote the use of Shell Advance AX5, a new premium quality 4-stroke motorcycle engine oil, which helps ..
Manufacturers task Gov't, banks on high intere..
The Government wants commercial banks to lower the interest rates they charge manufacturers so as to stimulate growth in the sector, but banks also in..
URA now to deploy drones in smuggling fight..
The Uganda Revenue Authority (URA) has said they are to invest in surveillance drones at porous border points in an effort to curb the vice of smuggli..
NCBA Bank partners with NFA to plant 20,000 tr..
Corporate banker, NCBA Bank Uganda, has entered a partnership with the National Forestry Authority (NFA) for an ambitious initiative to re-plant 20,00..
Bankers protest proposed ATM cash tax..
Commercial banks have objected to the government proposal to impose a 0.5% levy on all cash withdrawals made through ATMs, saying the move would be co..
I&M Bank partners with Nnaabagereka for Queen'..
I&M Bank Uganda has partnered with the Nnaabagereka Fund to organise the first Queen's Ball, aimed at raising funds to support women, youth, and child..
NCBA Bank buoyed by UGX27 bn net profit..
Corporate banker, NCBA Bank Uganda has announced its financial results for the fiscal year 2023, showcasing robust growth and profitability driven by ..
Mukene, fuel top April inflation drivers..
The rising prices of fish and fuel were the main drivers of annual inflation as measured by the Consumer Price Index in April, according to the Uganda..
Physical planners' body warns on quacks as new..
Members of the Society of Professional Physical Planners of Uganda have elected new leaders as the government moves in to crackdown on imposters in th..
Coffee export volumes show slump in March..
In comparison to the previous month, Uganda's coffee exports recorded a significant decrease in March 2024, according to the Uganda Coffee Development..
New UDB incubator plan targets 290 entrepreneu..
The Uganda Development Bank, Uganda's national development finance institution, has announced the launch of an incubator programme designed to prepare..
Coffee exports anxiety after UGX32 bn budget c..
The Uganda Coffee Development Authority wants Parliament to intervene following the Government's decision not to provide the UGX32.5 billion required ..
UBL sets up UGX20 billion cleaning facility ..
Uganda Breweries Limited, the maker of Tusker and Guinness, has commissioned a state-of-the-art effluent treatment plant, which officials said marks a..
Will new guidelines mop up online lending mess..
Moses Nkonge desperately needed cash to put windows and doors in his family house having got fed up of renting. A friend suggested that he gets a loan..
URA tasked to sensitise traders on how Electro..
In January 2021, URA implemented EFRIS to tackle tax administration issues associated with business transactions and receipt issuance...
Inflation: Bank of Uganda raises CBR again ..
For the second month in a row, the Bank of Uganda has raised its key rate, the central bank rate (CBR) in a bold move to combat inflation...
Mind standards, exporters told as AFTA takes s..
Uganda's micro, small and medium enterprises (MSMEs) have been urged to ensure high quality standards if they are to benefit from the lucrative Africa..
Optimism as tourism earnings hit $1 bn mark ..
Uganda's post-pandemic tourism revenues topped UGX3.82 trillion (USD1 billion) in 2023, painting a promising picture for Uganda's economic post-Covid ..
Airtel Uganda boosts UCC fund with UGX34.8 bil..
Airtel Uganda has handed over a cheque worth UGX34.8 billion to the Uganda Communications Commission aimed at supporting the establishment of better c..
Young golfers shine at NCBA Golf Open ..
Junior golfers from five different countries have demonstrated their talent and passion for the sport at the NCBA Uganda Golf Open 2024, hosted at the..
Will new online lending guidelines foster resp..
Last month, the Uganda Microfinance Regulatory Authority (UMRA) introduced digital lending guidelines tailored for microfinance institutions (MFIs) an..
Relief as UNOC finally secures Kenyan oil impo..
The Uganda National Oil Company (UNOC) will effective next month start importing petroleum products through Kenya following the end of a bitter disput..
Vendors get UGX10m for using mobile money..
As part of its efforts to champion financial inclusion and empower women, MTN Mobile Money, in partnership with Ericsson, has rewarded women vendors a..
PSFU, Dutch launch UGX14 bn renewable energy p..
The Private Sector Foundation Uganda (PSFU) in partnership with the Netherlands Directorate General for International Cooperation (DGIS) have launched..
New report highlights serious gaps in NSSF ben..
The majority of people who received their benefits from the National Security Fund (NSSF) did not acquire any form of financial literacy before receiv..
Sebaana new DTB boss as Thambi exits..
Diamond Trust Bank Uganda (DTBU) has named Godfrey Sebaana as its new CEO and Managing Director, effective April 2, 2024...
Stanbic declares UGX155 billion in dividends..
Stanbic Uganda Holdings Ltd, the mother company of Stanbic Bank Uganda, have published their annual financial report for the year ended 2023, which ha..
Kiira Motors seeks UGX524 billion to fund 5-ye..
Kiira Motors Corporation, a budding indigenous vehicle building enterprise, has presented a UGX524 billion proposed business investment budget to the ..
118 women chosen to be MTN service providers..
MTN Uganda has unveiled more than 100 women entrepreneurs who are to provide goods and services to the telecommunications giant, as a new initiative a..
Will Wagagai open gold wealth kitty to all cit..
Uganda is supposedly on the brink of significant economic transformation with the imminent commencement of production at Wagagai gold mining and refin..
MTN injects UGX20m into Jinja skills institute..
In an ambitious effort to boost vocational training standards in Busoga and beyond, the MTN Foundation, MTN Uganda's philanthropic arm has donated sta..
Diamond Trust Bank, UAP in new partnership..
Diamond Trust Bank Uganda and UAP Old Mutual Insurance Uganda have entered a partnership to deliver general and life insurance products and services, ..
MTN scoops fastest internet award..
Ookla, the global leader in internet testing and analysis, has announced MTN Uganda as the Fastest Mobile Network...
Livelihoods at stake as poor regulation threat..
Amidst the luminous waters of Uganda lies a precious resource that has sustained thousands of livelihoods over the years-silverfish (Rastrineobola arg..
MTNs voice revenue rebounds amid data surge..
MTN Uganda has posted impressive growth in voice revenue despite a surge in data demand among consumers. The telecom giant revealed that voice revenue..
MTN Boosts Kajjansi skilling centre with UGX17..
Five years ago, Ms Mariam Nakirijja, a community health worker, visited the Nottingham Trent University, one of the best multi-skilling institutions i..
Semakula appointed SBG Securities boss..
SBG Securities, a subsidiary of Stanbic Uganda Holdings, has named Grace Semakula as its new CEO, effective March 1...
MTN machines boost Sironko women..
About nine years ago, Sandra Nakayenze launched Kalaa Mugoosi Women Empowerment, a social enterprise whose main objective was to empower the rural wom..
DTB, TerraPay ease money transfer..
TerraPay, a top European money transfer company, and Diamond Trust Bank Uganda (DTB), have announced a strategic partnership to expand international m..
Top NCBA clients to enjoy premier banking serv..
NCBA Bank Uganda has made waves in the banking sector with the unveiling of its revamped Premier Banking offering, given the array of exciting benefit..
Boda Boda Industry Riding Uganda's Economy..
Mr. Freddie Ssewankambo wakes up before dawn daily. He dresses up quickly, takes a cup of tea then kick-starts his Bajaj Boxer motorcycle and sets off..
Gov't signs $400m hydrogen fertilizer plant ..
The Government of Uganda has signed a joint agreement with the Aga Khans Industrial Promotion Services (IPS) and Westgass International to set up a g..
Importers decry low investment in railway..
Steel and poly pipes manufacturer Roofings Group is one of the largest importers of raw materials and exporters of finished products in Uganda. The st..
KACITA applauds new port payment system..
Ugandan traders under their umbrella body, the Kampala City Traders Association (KACITA), have applauded the Kenya Ports Authority (KPA) for introduci..
Swiss Investor, UWA Row Angers MPs..
Mr. Thomas Price, an investor in Butambala District, has appealed to Parliament to intervene in what he termed frustration from officials of the Ugand..
Local Firm to Spearhead Karuma Bridge Study..
The Government has enlisted a local engineering firm to spearhead a comprehensive inspection study of the structural integrity and longevity of the Ka..
Financial Markets: Uganda Top In EAC..
Uganda has once again asserted its dominance in the East African financial landscape, with the latest Absa Africa Financial Markets Index, highlightin..
140 to lose jobs as BoU revokes EFC's licence..
More than 140 employees of EFC Uganda Ltd, a microfinance deposit-taking institution, are sweating over their next move following a decision by Bank o..
President Museveni Takes Over Chairmanship Of ..
Uganda has assumed the chairmanship of the Group of 77 plus China (G77+China)...
Crane Bank Sale: Top BoU, DFCU bosses face pro..
The Supreme Court of the United Kingdom has blocked DFCU Bank’s attempt to sidestep the prosecution of its top bosses in a case where they are accus..
Uganda Listed Among Top Kyeyo Cash Recipients..
A new report by the World Bank has shown that Uganda is among the top ten recipients of money from nationals working abroad, commonly referred to as '..
Inside MTN Uganda's transition to a tech firm..
MTN Uganda, like most telecom companies around the world, has recorded rapid transformation in its operations, customer experience and development of ..
Stanbic Uganda Holdings Gets New Boss..
Mr. Francis Karuhanga has been named the new Chief Executive Officer of Stanbic Holdings Uganda Ltd, replacing Andrew Mashanda, effective January 1, 2..
Private sector involvement in youth skilling c..
Uganda has one of the youngest populations in the world, with 78 per cent of its citizens under the age of 30. Such a high number is an opportunity fo..
New DTB, KACITA partnership to boost women ent..
Diamond Trust Bank and the Kampala City Traders' Association (KACITA) have entered a partnership aimed at boosting small businesses and entrenching En..
Capital Markets Authority Gets New Boss..
Ms Josephine Ossiya has been appointed Chief Executive Officer of the Capital Markets Authority (CMA)...
Anxiety As Donor Aid to Uganda Slumps..
Declining donor aid means a higher tax burden on citizens and more foreign debt to bankroll notoriously high public expenditure. Concern is rising as ..
Uganda Investment Authority Wins Global Award..
Uganda, through its chief investment promotion agency, the Uganda Investment Authority, has won yet another prestigious award "the Investment Catalyst..
Uganda targets $4 billion in green investment ..
The Uganda Investment Authority (UIA) is participating in the 28th Conference of the Parties (COP 28) to the United Nations Framework Convention on Cl..
Mbale Industrial Park Development Takes Off..
The Uganda Investment Authority (UIA) has handed over the Mbale Industrial and Business Park site to China Railway Number 3 Group for the design and b..
President Museveni Directs on More Support to ..
President Yoweri Museveni has tasked the Uganda Investment Authority (UIA) and the Ministry of Trade, Industry and Cooperatives to create mechanisms t..
Why Bitature Bailout is a Sensible Decision..
Recent media reports that Government is considering to bailout business Patrick Bitature by acquiring Electromaxx, his thermal power generation compan..
From profit-centric to purpose-driven is the n..
Not too long ago, businesses had a singular obsession of making profits for their shareholders. The bottom line reigned supreme, and little else regis..
NCBA Bank Powers Singleton Golf Challenge Semi..
The bank injected Shs.60 million in the event in which amateur golfers from Uganda and Rwanda took part..
No more headache as NCBA Bank launches vehicle..
A car importer through World Navi to receive 80% financing from NCBA Bank, 2-months grace period, comprehensive insurance cover from ICEA Lion..
Optimism as October coffee exports fetch $80 m..
Ugandan coffee exports have continued to show a positive trend with the volume of coffee exported in October amounting to 470,000 sixty-kilogram bags,..
Protect Local Industries Museveni..
President Yoweri Kaguta Museveni has said that the government will continue protecting local manufacturers from unfair competition..
Let Us Trade More in Finished Products Musev..
President Yoweri Kaguta Museveni has appealed to the government of the Peoples Republic of China to open their market for finished goods...
There is a ready market, Museveni assures Fore..
President Yoweri Kaguta Museveni has wooed foreign investors to invest in Uganda, saying that the East African country has a lot of investment opportu..
President Museveni Meets Dubai Investor..
President Yoweri Kaguta Museveni has met the CEO and Managing Director of Rowad Capital Commercial LLC (RCC) group, Mr. Chaher Al Taki, who called on ..
President commissions fruit processing factory..
President Yoweri Kaguta Museveni commissioned Kike Tropical Fruits Limited, an extraction and refinery plant. Situated in Kakooge, Nakasongola Distric..
Government reaffirms support to scientists..
President Yoweri Kaguta Museveni has warned public officials against taxing innovations, saying there's no logic in taxing innovations when Uganda giv..
President Yoweri Kaguta Museveni on Use ICT to..
President Yoweri Kaguta Museveni has cautioned Ugandans against using Information And Communications Technology (ICT) to promote importation of goods...
MTN Uganda delivers on promise to President Yo..
Wednesday 6th September 2023. Kampala, Uganda. MTN Uganda has fulfilled President Yoweri Museveni's call to action, rallying South African investors ..
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UKETA PARTNERS WITH IBANDA UNIVERSITY TO BOOST..
UKETA, an online Learning platform has partnered with Ibanda University to enhance an alliance aimed at extending the skylines of soft skills educatio..
MTN Uganda unveils the second phase of MTN Ace..
Wednesday 31 st May 2023 Kampala, Uganda- MTN Uganda has unveiled the second phase of MTN ACE-Tech known as the MTN Ace-Tech-Incubation program aimed..
BIRDIC Commissions New Generation Tuku Tuku Ve..
The Banana Industrial Research and Development Center (BIRDIC) whose mission is to use research to develop and market banana-based valued-added produc..
DTB Bequeaths Food Items to the Muslim Communi..
Muslims dwelling in Kampala city have received an Iftar food package to celebrate Eid as they end the Ramathan season, thanks to Diamond Trust Bank-DT..
UKETA Launches Online Courses to Upskill Profe..
In the latest demonstration of the potential and growth of online education, Simba Group has launched UKETA, an innovative online course platform desi..
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Younger dairy farmers and increased consumptio..
Uganda's potential and fortunes in the dairy sector can grow significantly if strategies are put in place to attract a younger crop of dairy farmers ..
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Simba Telecom and d.light Partner to Distribut..
Simba Telecom Uganda, a leading telecommunications company, and d.light, a global leader in solar-powered solutions, have signed a partnership agreeme..
UNLOCKING INVESTMENT OPPORTUNITIES IN THE LANG..
Gudie Leisure Farm (GLF) has dedicated the month of April for the Lango Region Spotlight. This is an initiative aimed at enlightening the country abo..
MTN Uganda unveils ICT lab at Kabale Preparato..
Thursday 23 March 2023 - Kabale, Uganda: Kabale Preparatory School in Kabale District has benefited from a fully equipped computer lab as part of the..
MTN Uganda rallies partners and donates e-wast..
MTN Uganda on Tuesday donated e-waste worth UGX 20 million to Makerere University College of Engineering, Design, Art and Technology for recycling, ..
Commonwealth Enterprise and Investment Council..
The Chairman of the Commonwealth Enterprise and Investment Council, Lord Jonathan Peter Marland has lauded the government of Uganda's effort to suppor..
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MTN Youth Skilling Program: Irene Nandyose tur..
Irene Nandyose, a business administration graduate from Makerere University Kampala loved knitting and crocheting during her free time on campus. An..
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