IFC invests US$ 58 million in Balwin Properties to support quality housing in South Africa
IFC has announced a ZAR 1 billion (US$ 58 million equivalent) investment in South Africa’s Balwin Properties to support the property developer to build more than 16,000 houses for low-and-middle income buyers near Johannesburg, helping increase the supply of affordable housing in the country. IFC’s local currency ZAR 1 billion
African Ministers to Showcase Mineral Refining Opportunities at African Mining Week
African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders, taking place from October 1-3 in Cape Town – will feature a high-level Ministerial Forum dedicated to advancing local mineral beneficiation across the continent. The session – From Extraction to Transformation: African Governments Driving Beneficiation and Value Addition –
MP Shamim Malende to Undergo Surgery at Aga Khan Hospital
Kampala Woman Member of Parliament, Shamim Malende, is set to undergo surgery at Aga Khan Hospital in Kenya following a deterioration in her health, Daily Star has learned. Malende was flown to Kenya last week for specialized medical treatment after her condition continued to decline. Prior to this, she had
Stanbic Bank, Umeme Lose Shs 9.2 billion Appeal Against Makubuya
The Commercial Division of the High Court has dismissed an appeal filed by Stanbic Bank Uganda Ltd and Umeme Ltd, contesting garnishee orders in favour of Makubuya William, trading as Polla Plast, over Shs 9.2 billion. The dispute dates back to 2008, when Makubuya purchased plastic manufacturing equipment from BMK
2026 Elections: Electoral Commission Sets New Dates for Display of Voters Register
Justice Simon Byabakama Mugenyi, Chairperson of the Electoral Commission (EC), has announced revised dates for the display of the National Voters Register and Registers for Special Interest Groups (SIGs) ahead of the 2025/2026 General Elections. The Electoral Commission, mandated under Section 26 of the Electoral Commission Act to compile, maintain,
Experts call for Community Involvement in Water Safety Amid Rising Drowning Cases in Uganda
Amid a surge in drowning incidents across Uganda, experts are calling on the government to actively involve local communities in water safety initiatives. This appeal follows multiple media reports of recent tragedies, including the deaths of seven individuals who drowned in Lake Victoria last week. Steve Wills, a UK-based drowning
MTN’s SASE Transforms Post Bank’s Digital Operations
The deployment of MTN Uganda’s SASE Business solution has significantly enhanced Post Bank’s operational efficiency, network reliability and security, as well as customer experience. By leveraging this advanced technology, Post Bank has optimized its connectivity across 2 of its branches, ensuring secure, seamless banking operations and cost-effectiveness, as the solution
Absa Bank posts Shs 546 billion revenue in 2024
Absa Bank Uganda has posted a robust set of financial results for the year ended December 31, 2024, with profit after tax rising by 22% to Shs 178 billion. Revenue increased by 15% to Shs 546 billion, which is a reflection of strategic investments made and unwavering customer loyalty to
Court Ruling: Tight Security Guard Connived in Nile Distilleries Warehouse Theft
Blue Nile Distilleries and APA Insurance have lost a Shs 89.3 million lawsuit against Tight Security Ltd. On January 29, 2020, Blue Nile Distilleries and its insurer, APA Insurance, filed a suit in the Commercial Division of the High Court seeking to recover Shs 89.3 million following the theft of
Pictorial: Former UCU Vice Chancellor, Wife Celebrate 40 Years of Marriage
Over the weekend, the former Vice Chancellor of Uganda Christian University (UCU), Canon Dr. John Senyonyi, and his wife, Canon Ruth Ssenyonyi, celebrated their 40 Years of Marriage at Namirembe Cathedral. The couple originally exchanged vows at the same cathedral in 1985. This time, they returned to the hallowed halls
