Busoga women entrepreneurs to benefit from Stanbic–Gates initiative
More than 30,000 low-income women entrepreneurs in Busoga sub-region are set to benefit from a new partnership aimed at expanding access to affordable financing, business skills and digital financial services. The Women’s Economic Empowerment (WEE) programme, launched at the Busoga Kingdom headquarters in Bugembe, brings together the Busoga Kingdom, the
Minister Asiimwe backs Inspire Coffee push, Tugume calls for coffee in schools
The minister for Science, Technology and Innovation, Eng Jonard Asiimwe, has pledged government support for the commercialisation of Inspire Coffee, as efforts to boost value addition in Uganda’s coffee sector gather momentum. Asiimwe made the commitment during his first official visit to the Africa Coffee Park in Ntungamo district, where
Euromoney recognises Stanbic for investment banking excellence
A Uganda-based lender has been named the Best Investment Bank in Uganda at the Euromoney Awards for Excellence 2026, in recognition of its role in structuring and financing major economic projects. The award, announced by the London-based financial publication on July 17, highlights the bank’s growing influence in corporate and
Shilling weakens as dollar demand, global tensions weigh on market
The Uganda shilling lost further ground during the week, weighed down by strong demand for hard currency from local market players and offshore investors, as well as renewed geopolitical tensions in the Middle East. The local unit closed the week trading at 3690/3700, weaker than the opening levels of 3670/3680.
NCBA Bank Drives Uganda’s Automotive Future at the Auto Show
NCBA Bank Uganda has kicked off the NCBA Auto Show 2026, reaffirming its commitment to driving mobility, innovation, and economic growth as the Platinum and Official Title Sponsor of Uganda’s premier automotive exhibition. Running from 17–19 July 2026 at Kololo Independence Grounds, this year’s event marks a major milestone as
Fik Fameica joins Spiro to drive electric mobility push
Spiro Uganda has enlisted celebrated musician Shafik Walukagga, popularly known as Fik Fameica, as its new brand ambassador, in a move aimed at accelerating the adoption of electric mobility across the country. The partnership signals the company’s growing effort to tap into popular culture and youth influence to promote sustainable
The Road to Prosperity: How Namanve Is Rewriting Uganda’s Industrial Story
A few years ago, accessing land inside the Kampala Industrial and Business Park in Namanve was a nightmare. Investors struggled through muddy tracks, trucks routinely got stuck, flooding cut off entire sections of the park during heavy rains, and vast stretches of gazetted industrial land remained undeveloped. Today, that picture
Shilling weakens on dollar demand, geopolitical tensions
The Uganda shilling came under pressure during the week, weighed down by strong demand for the US dollar from local market players and offshore investors, alongside renewed geopolitical tensions in the Middle East. The local unit depreciated to close at 3670/3680, compared to the week’s opening levels of 3645/3655. Despite
Inside the released Shs 23.03 Trillion for quarter one spending
The Ministry of Finance has released Shs 23.03 trillion for the first quarter of the 2026/27 financial year, representing 27 percent of the approved national budget, as government moves to sustain service delivery and economic activity. The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, said the releases have
NCBA targets SMEs with new business banking drive
NCBA Bank Uganda has intensified its focus on small and medium enterprises with the launch of a new Business Banking proposition, rolled out alongside the “Ku NCBA Kiggwa Ku Bwerere” campaign. The move signals the bank’s growing push to position itself as a key partner for Ugandan businesses, offering faster
