ARISE IIP secures $450M Afreximbank facility for industrial parks, Special Economic Zones development in Africa
In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ), while
Church of Uganda partners with LIFE International to promote family life
The Church of Uganda and LIFE International have officially partnered to strengthen family life and promote the sanctity of human life. A Memorandum of Understanding (MOU) was signed at Namirembe Guest House in Kampala by The Most Rev. Dr. Stephen Samuel Kaziimba Mugalu, Archbishop of the Church of Uganda, and
Museveni Orders Compensation for Kichwamba ADF Victims
President Yoweri Museveni has directed the Ministry of Finance to compensate the families of students killed by the Allied Democratic Forces (ADF) at Kichwamba Technical School. On June 8, 1998, ADF rebels attacked Kichwamba Technical Institute in Kabarole, Uganda, setting three dormitories on fire and killing 80 students. The rebels
Absa Bank Launch Exclusive Visa Infinite, Signature, and Business Cards
Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions, Infinite, Signature, and Business Credit Cards designed to cater to the unique needs of affluent and business customers. The Infinite Card, a globally recognized ultra-premium debit or credit card, is the first smart, elegant metallic card
Standard Chartered boosts investment in its Futuremakers Women in Tech programme across Africa, the Middle East and Pakistan
Standard Chartered has announced a partnership with Village Capital to continue and expand its Futuremakers Women in Tech Accelerator across Africa, the Middle East, and Pakistan. Part of Futuremakers by Standard Chartered (Futuremakers), the Bank’s global youth economic empowerment initiative for disadvantaged young people, and with funding from the Standard
Pictorial: Ambassador Henry Mayega Walks His Daughter Down the Aisle
Barely a week after introducing her fiancé at their Bwebajja home, Jackie Rebecca Nanyonjo and Philip Mubeezi Kasimbi exchanged their matrimonial vows at Namirembe Cathedral on Friday. Jackie is the daughter of Ambassador Henry Mayega, former Consul General of Uganda’s Consulate in Dubai, and Dr. Florence Nakayiwa Mayega. Philip, on
Five Dead, 21 Injured in Multi-Vehicle Crash on Kampala-Bombo Road
Atleast five people have been confirmed dead and21 others injured in a road crash that occurred last night, March 5, 2025, at Mayanja Valley along the Kampala-Bombo Road. According to Kituma Rusoke, the police spokesperson, the crash involved nine motor vehicles (UBQ 745N T/Noah, UAY 704B T/Hiace, UAT 652K
Stanbic PMI: Private sector firms improve following brief decline at the start of the year
Operating conditions for Ugandan private sector firms improved in February, following a brief decline at the start of the year sending the headline Stanbic Purchasing Managers’ Index (PMI) up to 52.6 compared to the January reading of 49.5. Christopher Legilisho, Economist at Stanbic Bank said, “The Uganda PMI for February
Two Perish in Sunrise Hotel Inferno
At least two people have been reportedly died in the Sunrise Hotel inferno, Daily Star has learned. According to Patrick Onyango, the deputy spokesperson for Kampala Metropolitan Police, rescue teams remain at the scene, working to access all rooms and assess the extent of the damage. However, their efforts are
Uganda to spend over 549 billion to address Isimba dam spillway defects
The Parliamentary Committee on Environment and Natural Resources has resolved that the spillway defects at Isimba Dam will undergo a Physical Model Test (PMT) in China to determine the root cause of the structural issues and assess the need for a third spillway. Committee Chairperson Herbert Ariko announced the decision
