Stanbic Uganda posts 478 billion Net Profit for 2024
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda, SBG Securities, Stanbic Business Incubator, Stanbic Properties, and FlyHub, has posted Shs 478 billion profit after tax in financial year 2024. Despite the challenges posed by a volatile global economy, Stanbic Uganda showcased its resilience, with impressive revenue
Opposition Protests Shs 20,000 Allocation to UPE Learners
The Opposition has criticized the government’s allocation of Shs 7,000–Shs 20,000 per learner annually under Universal Primary Education (UPE), arguing that this meager funding has negatively impacted the quality of education in public schools. Joseph Ssewungu, the Shadow Minister for Education, raised these concerns in the 2025/26 Alternative Policy Statement
AEW 2025 to Host National Oil Company (NOC)-International Oil Company (IOC) Forum in Cape Town
This year’s African Energy Week (AEW): Invest in African Energies conference will debut the first-ever National Oil Company (NOC) and International Oil Company (IOC) Forum, a dynamic platform that brings key public and private sector stakeholders into direct conversation to drive investment, secure new deals, foster local capacity building and
XRP Healthcare to Go Public in Q3 2025, Driving AI-Powered Healthcare Innovation
XRP Healthcare, a fast-growing innovator in AI-driven healthcare and mergers & acquisitions, has announced plans to go public by Q3 2025. The company confirmed today that it is accelerating its initial public offering (IPO) timeline, moving the listing from 2027 to the third quarter of this year on a Canadian
EC Gazettes Nalukoola as Kawempe North MP-elect
The Electoral Commission has officially gazetted the results of the Kawempe North by-election, confirming Elias Luyimbazi Nalukoola as the MP-elect. This paves the way for his swearing-in. The gazettement follows public criticism over delays. Last week, Kira Municipality MP Ibrahim Ssemujju Nganda questioned why Nalukoola had not yet been sworn
EU Announces €1.2 Million in Emergency Funding for Ebola Outbreak in Uganda
The European Union (EU) has announced €1.2 million in emergency humanitarian funding to support Uganda’s response to the ongoing Sudan Ebola virus outbreak. This funding will enable the World Health Organization (WHO) to address critical needs, including coordination, surveillance, infection prevention and control, case management, operational support, and logistics. The
Opposition Proposes Downsizing Uganda’s Parliament to Cut Costs and Improve Representation
The Shadow Minister of Public Service, Adeke Anna, has proposed downsizing Uganda’s Parliament by ensuring each district is represented by two MPs—one male and one female. She argues that Uganda’s MPs represent far fewer people compared to their counterparts in Nigeria and India, despite those countries having significantly larger populations.
NFA Law Enforcement Arrests 10 Suspects for Illegal Forest Activities in Mabira
The National Forestry Authority (NFA) enforcement team has arrested 10 suspects involved in illegal forest activities in the Bulengeza area, Namulaba, within the Mabira Central Forest Reserve (CFR). The arrest followed an operation that uncovered illegal logging, timber dealing, and charcoal production. According to James Mununa, the Coordinator of Enforcement
Helpware CEO backs Uganda’s new BPO Policy as a game-changer
Helpware, a global leader in Business Process Outsourcing (BPO), has welcomed Uganda’s newly launched BPO policy, hailing it as a transformative step in positioning the country as a major outsourcing hub in Africa. Speaking at a media briefing in Kampala, Helpware CEO Robert Nash said the policy provides a structured
Gov’t Closes Karuma Bridge for Emergency Repairs
Motorists using the Kampala-Gulu highway face extended travel distances following the Ministry of Works and Transport’s announcement of the closure of Karuma Bridge for emergency repairs. The ministry cited the need to install expansion joints, stating: “Karuma and Ayago bridges along the Kampala-Gulu Highway will be closed to traffic to
