Airtel Africa post $6.415 billion revenue
Airtel Africa Posts Record Results for FY2026, with 24% Revenue Growth and 183.5 million Customers East Africa, including Uganda, drives strong performance as mobile money subscribers surge 21% to 54 million and data traffic nearly doubles across the network. Airtel Africa has reported record financial results for FY2026, driven by
Competition Heats Up as 200 Schools Enter Stanbic Innovation Boot Camp
There is a highly competitive atmosphere at Gayaza High School, as students representing 200 schools across Uganda, begin the boot camp stage of the annual Stanbic National Schools Championships. The 11th edition of the Stanbic Bank sponsored competition is running under the overall theme ‘Powering Innovation for Job Creation’ with
MSMEs shift from collateral to data as lenders rethink creditworthiness
By Ambrose Dillan Masengere The just concluded 10X MSME Finance Exchange, convened by the United Nations Capital Development Fund (UNCDF) under the 10X Programme, explored a central question in Uganda’s financial ecosystem: what truly makes MSMEs attractive to lenders and development partners. A key takeaway from the discussions is a
Shilling firms on steady inflows as global risks lift dollar and oil
The local currency held firm over the week, supported by steady inflows from commodity exporters, remittances and selective portfolio investments. The shilling strengthened to 3745/3755, compared to last week’s close of 3765/3775. Despite sustained foreign currency demand from corporates in manufacturing, energy and telecom sectors, pressure was not strong enough
Over 200 Schools shortlisted for the Stanbic National Schools Championship Boot Camp
A list of the 201 schools, taking part in a one week boot camp to kick-start the 11th edition of the Stanbic National Schools Championships (NSC), has been released with participating students converging on Gayaza High School in Wakiso District. Following a rigorous selection process, the boot camp will present
Atiak Sugar Factory sparks fury in Parliament over Shs668bn spending spree
Parliament has raised fresh alarm over the Atiak Sugar Factory project, questioning why Government continues to inject billions of shillings into a venture that has yet to produce a single bag of sugar despite receiving more than Shs668 billion in public funds. The concern came during debate on the Shs1.105
Govt Moves to License Starlink to Cut Internet Costs
Government is edging closer to granting an operating licence to Starlink, the satellite broadband venture backed by Elon Musk, as part of efforts to widen internet access and ease connectivity costs. ICT and National Guidance minister Chris Baryomunsi said discussions with the company are at an advanced stage, signalling a
Pearl Bank posts Shs47b profit in first results since rebrand
Pearl Bank Uganda has reported strong financial results for the year ended December 31, 2025, posting a net profit of Shs47.3 billion in its first performance release since rebranding from PostBank Uganda. The results signal a solid start under the bank’s new identity, following shareholder approval of the name change
Regional Push for Satellite Gains Momentum as Uganda, Kenya, Rwanda, South Sudan Sign Study Deal
Uganda, Kenya, Rwanda and South Sudan have taken a significant step towards reducing reliance on foreign-controlled communication systems after signing a joint resolution to undertake a feasibility study for a regionally owned satellite. The agreement, signed under the Northern Corridor Integration Projects (NCIP), signals a renewed push by the four
Internet Bus Turns Amuru into a Digital Classroom as 225 Graduate
MTN Uganda, through its MTN Foundation in partnership with Maendeleo Foundation, has deepened its rural digital inclusion drive after graduating 225 trainees in Amuru District under the Internet Bus programme, an initiative designed to bring ICT skills directly to underserved communities. The mobile training programme, delivered on a fully equipped
