Relief as UNOC finally secures Kenyan oil import licence
The Uganda National Oil Company (UNOC) will effective next month start importing petroleum products through Kenya following the end of a bitter dispute between the two…
Latest news
The newest business, economic and financial stories from Uganda, East Africa and Africa.
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 at Kalerwe Market in…
PSFU, Dutch launch UGX14 bn renewable energy project
The Private Sector Foundation Uganda (PSFU) in partnership with the Netherlands Directorate General for International Cooperation (DGIS) have launched a renewable energy…
New report highlights serious gaps in NSSF benefits
The majority of people who received their benefits from the National Security Fund (NSSF) did not acquire any form of financial literacy before receiving their cash…
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 has seen the Board of…
Kiira Motors seeks UGX524 billion to fund 5-year plan
Kiira Motors Corporation, a budding indigenous vehicle building enterprise, has presented a UGX524 billion proposed business investment budget to the Presidential…
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 aimed at empowering…
Will Wagagai open gold wealth kitty to all citizens?
Uganda is supposedly on the brink of significant economic transformation with the imminent commencement of production at Wagagai gold mining and refining facility in…
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 state-of-the-art…
Optimism as African Free Trade Area plan gains momentum
The African Union Assembly recently adopted key protocols and decisions affecting the African Continental Free Trade Area (AfCFTA), which included the first-ever…
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, which effectively…
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 threatens Silverfish, Nile Perch
Amidst the luminous waters of Uganda lies a precious resource that has sustained thousands of livelihoods over the years-silverfish (Rastrineobola argentea), locally…
MTN’s 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 experienced…
Monzer named new MTN South Sudan boss
The MTN Group has appointed Ali Monzer as Chief Executive Officer of MTN South Sudan, the country’s largest telecommunications company, effective April, 2024.
MTN Boosts Kajjansi skilling centre with UGX17m
Five years ago, Ms Mariam Nakirijja, a community health worker, visited the Nottingham Trent University, one of the best multi-skilling institutions in England.
Semakula appointed SBG Securities boss
SBG Securities, a subsidiary of Stanbic Uganda Holdings, has named Grace Semakula as its new CEO, effective March 1.