News

Insurance brokers, Minet Uganda have extended services to reinsurance, a move which is aimed at expanding their operation base in the country. The company officially launched its services during a …

Vaccine company Dei Biopharma Limited and Dei Industries International have dragged a local bank to court over allegation of inflating loans by up to Shs39.2 billion. The firms along with …

A significant milestone has been reached in  Uganda’s business landscape with the official launch of the British Chamber of Commerce Uganda (BCCU). The organization aims to promote better trade links between …

Recently, the Uganda Revenue Authority (URA) cautioned the business community against the smuggling of goods. URA issued the warning after it destroyed more than 180 tonnes of contraband in Nakasongola. …

In a move toward a sustainable future, Stanbic bank and key stakeholders from the energy sector have committed to addressing pressing multidimensional energy challenges of lack of affordable clean energy …

TotalEnergies is driving sustainability in its supply chain by auditing suppliers and setting clear priorities to make operations greener TotalEnergies is a broad energy company that produces and markets energy …

Yapı Merkezi, a Turkish business, has begun building on Uganda’s highly awaited Standard Gauge Railway. This announcement was delivered by Godfrey Kabyanga, Minister of State for Information and National Guidance. …

MTN Uganda has announced a significant 29.7% increase in net profit to UGX 295.7 billion for the half-year ended June 2024, driven by robust growth in voice, data, and fintech …

The Tusker Lite Mt. Rwenzori Marathon has announced that Toyota by CFAO will once again serve as the official marathon mobility partner for the 2024 event. This year, Toyota by …

Uganda’s private sector reported a continued growth of new orders running into the fourth month at the end of July marking the start of the third quarter. The upturn was …

The Ministry of ICT and National Guidance has refuted media reports alleging that it spent an exorbitant amount of Shs 965 million on a single vehicle. In a statement released …

In a predominantly male industry, Mrs. Irene Kego Oloya, the CEO of PadrePio Insurance  Brokers, is one of the women shattering glass ceilings and aiming to set new standards for …

ITHUBA Uganda, the official operator of Uganda’s National Lottery, is delighted to announce the latest DAILY LOTTO muliti-millionaire. Ms. Night Kadija, a 28-year-old single mother from Lira town, has emerged …

Enterprises supported by Uganda Development Bank( UDB) have created 51841 jobs, the bank’s development impact report for 2023 has indicated. Released on Friday, the report indicated that this number was …

NJERU, BUIKWE | Bujagali Energy Limited (BEL) has celebrated its twelve year of transformative impact on Uganda’s energy landscape. Commissioned in 2012, the Bujagali Hydropower Project harnessed the mighty Nile, marking …

Kiira Motors Corporation (KMC) has announced Uganda’s first e-mobility expo and Kiira Vehicle Plant (KVP) Open House. The expo  is taking place on Friday August,16,  2024 at the Kiira Vehicle …

PSST at The Uganda National Journalism Awards (UNJA) Gala UGANDA NATIONAL JOURNALISM AWARDS 2024 The Permanent Secretary and Secretary to the Treasury (PSST), Ramathan Ggoobi has applauded the Media for …

Makerere University rebuilds Iconic Ivory Tower in a significant stride towards preserving historical architecture. Makerere University has taken a momentous step in restoring its iconic Ivory Tower, which was tragically …

Uganda is on the brink of an economic revolution, fueled by its abundant natural resources. Two significant assets, oil and gold, stand out as potential catalysts for this transformation. But …

The Uganda Coffee Development Authority has said that Uganda it will comply and meet the December 2024 deadline. This follows a letter from the coffee multi stakeholder letter to the …

The seeds of change In the early years following Uganda’s independence in 1962, the country’s insurance industry was still in its infancy. A handful of domestic companies operated alongside a …

Airtel Africa, a leading provider of telecommunications and mobile money services in 14 African countries, has announced a 12% growth in mobile data revenue for its East African region, for …

Spiro, a e-bike producing company has announced the upgrade of its partnership with the Tumaini African Knowledge Center (TAKC) in Uganda , making the latter, its  official corporate dealer for …

The National Agricultural Research Organization-NARO has finalized plans to introduce biodegradable hair extensions to the Ugandan market. The hair extensions are extracted from the banana stems after harvesting the banana …

When it comes to talking at great length and with growing enthusiasm about the numerous accolades collected in their trophy cabinet over the years; East Africa’s largest provident fund by …

French energy giant TotalEnergies announced on Tuesday the expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian …

The Uganda Investments Authority Director General, Robert Mukiza has put the State Minister for Investment Evelyn Anite on the spot for misrepresenting a meeting with the British High Commissioner to …

Traders in Kampala have welcomed the proposed Anti-Counterfeit Goods and Services Bill 2023 as it will save them from unfair competition from substandard and counterfeit alternatives. In July 2023, Asuman …

The need for stronger quality assurance and widening skilling of solar technicians has been underscored at the annual solar expo in Kampala. Officials regulating the sector and in particular from …

Ithuba Uganda, the appointed operator of the Uganda National Lottery, along with government officials, officially launched the Uganda National Lottery at Speke Resort in  Munyonyo, Kampala. Ithuba Uganda is tasked …

L-R: Charlotte Kukunda, Country Manager ACCA Uganda exchanges a newly signed Memorandum of Advertising with Joseph Ssekabira, FCCA, Associate Director, Risk Advisory Deloitte Uganda during the launch of the 8th edition …

The American Chamber of Commerce has called for reforms in policies that affect foreign direct investments businesses. Reflecting on the past year’s achievements and milestones, celebrating the progress made in …

As the Uganda Support to Municipal Infrastructure Development (USMID) program comes to a close this month after more than ten years, government is already looking to the future to consolidate …

President Yoweri Kaguta Museveni on Thursday July 25, 2024, held a fruitful meeting with Mr. Yohei Sasakawa, the Chairman of Nippon Foundation. Based in Tokyo, Japan, the Nippon Foundation, is …

FINANCE MINISTRY AND HEAD OF CIVIL SERVICE MEET GOVERNMENT ACCOUNTING OFFICERS ON BUDGET EXECUTION The Ministry of Finance, Planning and Economic Development together with the head of Civil Service met all the Accounting …

Standard Chartered Bank is interested in financing Uganda’s planned Standard Gauge Railway (SGR), a statement from President Yoweri Museveni’s office said, after the project failed to secure credit from China. …

CFAO Mobility Uganda has  unveiled the latest addition to the Toyota Land Cruiser family, the All-New Land Cruiser Prado “250 series”. This model, which marks a significant milestone in the …

There are quite a number of projects that we have executed here in collaboration with the Ministry of Finance, Planning and Economic Development. We have worked very well with the …

Absa Group is extending pivotal partnerships in the digital space to offer clients continued seamless and innovative banking experiences. This strategic move ensures clients will benefit from enhanced features such …

The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially comes into force today, Thursday, July 25, after being ratified by the required number of member countries. The treaty stipulates that …

Financial institutions have been encouraged to  maintain vigilance in detecting fraud avenues in order to promote an anti-fraud environment in the financial service industry. Speaking during the second financial fraud …

Eritrea says Ethiopian Airlines operating a “systematic and organised passengers’ luggage theft, pilferage, damage, prolonged delays and loss with no compensation in particular, coupled with unjustified and unwarranted price hikes …

The USA Department of State has issued a stark warning to investors about the complexities of doing business in Uganda, sparking significant debate among investors and analysts. According to the …

Uganda Development Bank Ltd (UDB) disbursed loans worth shs609.9 billion in 2023, the  country’s national development finance institution has announced. Announcing its 2023 performance, UDB said the shs609.9 billion expanded …

Egyptair commenced cargo flights from Entebbe to North America in February 2024/ Courtesy photo The market has positively responded to Egyptair’s cargo services from Entebbe International Airport to North America, with …

Dorothy Kisaka, the Executive Director of Kampala Capital City Authority (KCCA), has outlined comprehensive plans to enhance solid waste management for the financial year 2024/2025. Kisaka revealed this during a …

The East African Community (EAC), in collaboration with Kenya and Uganda, is upgrading the Lwakhakha border post on their shared border to a One-Stop Border Post (OSBP). This initiative aims …

Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on. State Minister for Energy, Okasaai Opolot says Ugandans will get …

Vivo Energy, the licensed operator and distributor of Shell fuel products in Uganda, has said it will still import differentiated fuels such as V Power and oil lubricants to Uganda. …

Bank of Uganda has made its first public announcement on its plan to buy gold from the local market, a move that is set to introduce the most credible client …