NSSF Declares 13.5% Interest Rate for Savers
Uganda’s National Social Security Fund [NSSF] savers will receive a 13.5 percent interest on their savings for the Financial Year 2024/25, following a declaration made by Finance Minister Matia Kasaija at the Fund’s 13th Annual Members’ Meeting held today. The announcement marks the highest interest rate in five years, reflecting
Stanbic Incubator, GIZ Launch Capacity-Building Programme for Women-led Green Enterprises
In a bid to boost women entrepreneurs in Uganda’s green economy, the Stanbic Business Incubator Limited (SBIL) has partnered with the German development agency GIZ to launch a new four-month training programme. The inaugural cohort includes 45 women entrepreneurs: all focused on sustainable business solutions. The initiative, dubbed the Green
Coca-Cola Beverages Uganda showcases workplace safety
Last week, delegates from the International Vision Zero Africa Conference visited Coca-Cola Beverages Uganda (CCBU) to get a first-hand view of the company’s safety practices. This comes after Uganda, through the Ministry of Gender, Labour and Social Development, hosted the Third International Vision Zero Africa Conference last month to provide
Capital Markets, Financial Literacy Association Launch Masaka Literacy Chapter
The Capital Markets Authority of Uganda (CMA), in partnership with the Uganda Financial Literacy Association (UFLA), has today officially launched the Masaka Financial Literacy Chapter. This milestone marks a significant step in decentralizing capital markets and promoting financial literacy across Uganda. The initiative aims to empower grassroots communities with the
TotalEnergies Signs Production Sharing Contracts for Liberian Oil
In a move set to accelerate offshore oil and gas development in the country, energy major TotalEnergies has signed four Production Sharing Contracts (PSC) for exploration blocks in Liberia. Awarded to the company following the conclusion of Liberia’s 2024 Direct Negotiation Licensing Round, the PSCs cover Block LB-6, Block LB-11,
dfcu Champions Uganda’s First Corporate Rotary Club
Q&A with Helena Mayanja – Head, Corporate Affairs & Sustainability, dfcu Bank 1. What is the Rotary Club of Kampala Blue Hearts, and why is it historic for Uganda? On August 30, 2025, dfcu Bank launched Uganda’s first corporate Rotary Club—. The Rotary Club of Kampala Blue Hearts is a groundbreaking
William Byaruhanga Acquires 14.63% Stake in Kenya’s Sidian Bank
In a move that underscores the deepening regional entanglement of East Africa’s elite, Ugandan lawyer and businessman William Byaruhanga has snapped up a 14.63% stake in Kenya’s Sidian Bank a deal worth roughly $8 million. This strategic acquisition instantly propels him to the position of fourth-largest shareholder in the fast-rising
TotalEnergies Showcases Social Impact of Tilenga oil project
TotalEnergies EP Uganda (TEPU), in partnership with the Petroleum Authority of Uganda, convened the inaugural Tilenga Social Performance Forum at the Sheraton Kampala Hotel. Under the theme “Catalysing Sustainable Development: Sharing Value and Creating Impact, the forum provided a strategic platform for TotalEnergies EP Uganda to present its objectives and
Gov’t signs fertiliser MoU to boost agricultural production
The Government of Uganda, through the Ministry of Agriculture, Animal Industry and Fisheries [MAAIF], has signed a Memorandum of Understanding [MoU] with Itracom Fertilizers to enhance crop yields and promote sustainable agriculture across the country. Itracom Fertilizers, based in Bujumbura, Burundi, is a leading producer of organo-mineral fertilisers and currently
Gov’t Offers Amnesty to domestic Tax payers
In a move that could redefine the relationship between taxpayers and the state, the Uganda Revenue Authority (URA), under the Ministry of Finance, has rolled out what it’s calling a final waiver on all accumulated interest and penalties for domestic tax arrears. Marketed as a relief measure for businesses still
