The Uganda Parliament Speaker, Anita Among has forwarded the Auditor General’s forensic audit report on the alleged loss of over UGX 60 billion from Bank of Uganda (BoU) to the...
Many analysts agree that the Ugandan economy in 2024 exhibited remarkable resilience, navigating a landscape fraught with global uncertainties and regional challenges. At the centre of this performance was Dr...
This festive season, I had time to reflect deeply on how insanely gifted Uganda, the Pearl of Africa, is by nature and how we, as a country, have failed to...
By Steven Mwesige A flurry of incidents in the news of cybersecurity breaches in recent weeks are a cause for concern, but with a better understanding of cybersecurity need not...
Since Equity Bank Uganda discovered a UGX65 billion (approximately USD 18 million) digital fraud, the bank has been in the eye of the storm, causing a whirlwind of losses, staff...
The new ultra-modern Speke Resort Convention Centre (SRCC) has been rated as one of the major success drivers of the recently concluded and hugely outstanding 8th edition of the Pearl…
Liquid Intelligent Technologies, a pan-African technology group has announced a distribution partner agreement (DPA) with Eutelsat Group that seeks to make the enterprise-grade Low Earth Orbit (LEO) satellite services available in Africa. The French Eutelsat Group is the world’s first satellite operator with an integrated Geostationary Equatorial Orbit and Low Earth Orbit infrastructure. On a continent where satellite technology is…
Dr. Mahmoud Momtaz, the Chairperson of The Common Market for Southern and Eastern Africa (COMESA) Competition has cleared the merger and acquisition of Uganda’s Finance Trust Bank with Nigeria’s Access Bank, a decision that is slated to impact market dynamics in East Africa’s banking industry. Access Bank will acquire up to 80.89% of the issued shares, which is a subscription…
The African Development Bank Group has pledged USD 2 billion over 10 years towards clean cooking solutions in Africa—a major step along the road to saving the lives of 600,000 Africans mainly women and children each year. Speaking at a landmark summit on Clean Cooking in Africa held yesterday in Paris, the Bank Group’s President Dr Akinwumi Adesina, said the…
As a young graduate, when I was being introduced into the circles of trade and tax, my CEO then, Kaushik Shah made me attend some of the key meetings at the Kenya Association of Manufacturers and I would later…
By Peninah Aheebwa The Oil and Gas sector in Uganda has progressed to the development phase with an expected total investment of US$ 20 billion before the production of the…
Stanbic Uganda Holdings Limited (SUHL), a franchise of the Standard Bank Group—Africa’s largest commercial lender by assets, has announced a profit after tax of UGX412 billion for the period ending…
Meera Investment Limited’s project to construct 360 high-end serviced apartments at Kabira Country Club has entered into its final phase. With structural works nearing completion, the project is now entering…
Last week British American Tobacco Uganda (BATU) released its performance results for 2023 reporting that due to a reduction in cigarette sales volumes- its revenues and net profit had each…
