Ecobank named Best Bank in Africa 2025 in Global Finance Awards
Ecobank, the leading private pan-African financial services Group which has unrivalled African expertise, is delighted to have been named Best Bank in Africa 2025 in Global Finance’s World’s Best Banks 2025 Awards. The Awards also selected Ecobank Gambia and Ecobank Togo as the Best Banks 2025 in their respective countries.
UDB’s Dr. Ojangole Appointed Chair of Africa’s Development Finance Body
Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB), has been appointed Chairperson of the Association of African Development Finance Institutions (AADFI)—the umbrella body for development finance institutions across the continent. Her appointment was officially announced during the 51st Ordinary General Assembly of AADFI, held on May 26, 2025,
Afreximbank wins mandate as sole financial advisor for South Africa’s $1.7-billion Suiso Project
African Export-Import Bank’s (Afreximbank) Advisory and Capital Markets (ACMA) department has been appointed and mandated as the exclusive financial advisor to raise capital for the US$1.7-billion Suiso Project, a transformative coal-to-fertiliser facility to be developed in Kriel, Mpumalanga Province, in South Africa. As financial advisor, ACMA’s role will involve leveraging its
UPDF Honors Seven Generals Ahead of Retirement
Seven senior officers of the Uganda Peoples’ Defence Forces (UPDF) have been officially documented for retirement at the Ministry of Defence and Veteran Affairs (MODVA) headquarters in Mbuya. The documentation marks the beginning of their transition into civilian life, with their formal retirement set for later this year. Chief of
Meal Support Program Eases Educational Burden in Uganda’s Most Vulnerable Communities
More than 2,100 youth attending Salesian schools in Uganda are benefiting from improved nutrition thanks to a partnership between Salesian Missions—the U.S. development arm of the Salesians of Don Bosco—and Rise Against Hunger, an international humanitarian organization working to end global hunger. In the second half of 2024, three Salesian
Ex-Police Official Kyaligonza Summoned Over Shs 29 billion Aircraft scandal
Parliament has summoned Isaac Kyaligonza, a former police procurement officer, to answer questions regarding the procurement of a nonfunctional fixed-wing aircraft. The directive was issued by the Chairperson of the Public Accounts Committee (PAC), Muwanga Kivumbi. Kyaligonza is expected to explain the procurement of a fixed-wing aircraft that cost Shs
Uganda Christian University Enforces Strict Dress Code for Law Students
Uganda Christian University (UCU) has introduced strict new dress code guidelines for its law students, effective June 5, 2025, in a move aimed at aligning student conduct with the values of the university and the legal profession. According to an internal memo seen by Daily Star, the university is enforcing
IGG Recovers Shs 6.8 Billion from corrupt officials
The Inspectorate of Government (IG) has appealed to Parliament to allocate additional resources to support the automation of its business processes, procurement of modern investigative equipment, and recruitment of more personnel to strengthen the fight against corruption. The call was made by Beti Kamya, the Inspector General of Government (IGG), while
Nalukoola Files Notice of Appeal After Court Voids Kawempe North Seat
City lawyer Erias Luyimbazi Nalukoola is set to appeal the High Court ruling that nullified his election as Member of Parliament for Kawempe Division North. The High Court annulled Nalukoola’s election following a petition filed by Faridah Nambi of the National Resistance Movement (NRM). Nambi challenged the outcome of the
International tourist arrivals grew 5% in 2025
According to the May 2025 World Tourism Barometer from UN Tourism, over 300 million tourists travelled internationally in the first three months of 2025, about 14 million more than in the same months of 2024. That represents a 5% rise on last year and is 3% more than in pre-pandemic year 2019.
