Tullow’s Gabon Exit Highlights Rising Role of African Firms in Upstream Sector
Tullow Oil has finalized the sale of its non-operated interests in Gabon to Gabon Oil Company (GOC) for $307 million, marking a strategic portfolio shift for the UK-based independent and a notable development for Gabon’s energy sector. The transaction transfers Tullow’s remaining production interests – estimated to contribute approximately 10,000
CCBA Marks Ninth Anniversary with Expansion, Tech Innovation and Recycling Push
Nine years after its landmark merger, Coca-Cola Beverages Africa (CCBA) is celebrating nearly a decade of sustained growth, investment, and community-centered development—solidifying its role as the largest Coca-Cola bottling partner on the African continent. This milestone is more than a corporate anniversary; it’s a continuation of a legacy that began
Inside Uganda , BADEA $150M Deal to Finance SMEs and Key Sectors
Arab Bank for Economic Development in Africa (BADEA) and the Government of Uganda have signed two Facility Agreements amounting to USD 150,000,000 (Shs 537.4 billion) to support private sector growth. The agreements have been signed by Abdullah Almusabeeh, BADEA President, and Matia Kasaija, Minister of Finance, Planning and Economic Development,
BoU to raise Shs 1.4trn in August Treasury bond auction
The Bank of Uganda (BoU) has announced a scheduled auction for four categories of treasury bonds on Wednesday, August 6, 2025 with an aim to finance government operations and manage public debt. The central bank aims to raise a total of Shs 1.4 trillion through this multi-tenure auction, reflecting the
Pride Bank Wins Agri-Finance award at the 2025 annual Agricultural Excellence Awards
Pride Bank Limited has been awarded the Agri-Finance Award (Credit Finance) at the prestigious Annual Agricultural Awards. In an evening themed: Celebrating Excellence and Innovation in Agriculture, the award recognizes the bank’s exceptional contribution to agricultural financing and its pivotal role in transforming Uganda’s agricultural value chains through innovative, inclusive,
UIBFS Unveils New Brand Identity During 12th Annual Graduation Ceremony
The Uganda Institute of Banking and Financial Services (UIBFS) has officially unveiled its new brand identity during a momentous celebration that coincided with the 12th Annual Graduation Ceremony held at Mestil Hotel in Kampala. The dual occasion marked a significant milestone for the Institute, symbolizing both its continued growth and
MTN Uganda equips St. John’s SS Nyabwina with an ICT lab, deepening digital inclusion in Sheema
MTN Uganda, through the MTN Foundation’s Digital Access Project, has today handed over a fully equipped ICT facility to St. John’s Secondary School Nyabwina in Sheema District, marking a major milestone in the telco’s efforts to bridge the digital divide in rural Uganda. The ICT lab consists of 10 modern computers, a
Uganda Development Bank to Host Inaugural Summit on Africa’s Development Finance
Uganda Development Bank (UDB) is gearing up to host a first-of-its-kind event that could reshape the trajectory of Africa’s development finance landscape. From September 1–2, 2025, the inaugural Uganda Development Finance Summit will take place at the Speke Resort Convention Centre, drawing more than 400 influential voices from across the
Kenny Fihla Embarks on East Africa Roadshow, Reaffirms Absa’s Commitment to Uganda
Absa Group Chief Executive Officer Kenny Fihla visited Uganda this week as part of his first strategic East Africa roadshow since assuming the role last month. The visit underscores Absa’s commitment to deepening client relationships, supporting regional integration, and reinforcing its long-term investment in East Africa’s economic growth. The roadshow,
Africa’s Business Heroes Unveils Top 50 Finalists for 2025 Edition
Africa’s Business Heroes (ABH), the flagship philanthropic initiative of the Alibaba Philanthropy, is proud to announce the Top 50 finalists of its 2025 Prize Competition—marking a record-breaking year for participation and regional representation. This year, ABH received 32,000 applications, the highest in the competition’s history, with submissions from all 54 African countries –
