Energy transition needs long-term financing- dfcu
Uganda’s energy transition and infrastructure ambitions will require stronger partnerships and access to patient capital if the country is to unlock long-term financing for transformative projects, dfcu Bank has said. Speaking at the 2nd Annual Energy Convention 2026 in Kampala, Moses Malinga, dfcu Bank’s Sector Head for Infrastructure and Energy,
Over 10,000 women entrepreneurs to access financing in Northern Uganda
More than 10,000 low-income women entrepreneurs and 100 horticulture farmers across Northern Uganda are set to access affordable financing, business development support and digital financial services. The initiative will be implemented through Stanbic Uganda Holdings Limited (SUHL) via its business incubator. It brings together the Women Economic Empowerment (WEE) programme,
Boeing: Uganda Airlines Places First Order for 737 MAX and 787 Dreamliner Jets
Uganda Airlines has placed its first-ever order with Boeing for eight aircraft, including four 737-8 and four 787-9 Dreamliner jets, in a move aimed at expanding and modernising its fleet. The national carrier said the acquisition will support growing demand across its regional and international network, while strengthening its long-term
Shilling weakens further as dollar demand surges
The Uganda shilling extended its losses against the dollar in Friday’s trading session, weighed down by strong demand from key sectors including energy, manufacturing and telecommunications. Market players said the greenback demand outpaced limited inflows from commodity exports, remittances and non-governmental organisations, leaving the local unit under sustained pressure. Richard
BoU warns on rising cyber fraud as banks deepen digital shift
The Bank of Uganda has warned of rising cyber crime risks as more Ugandans shift to digital banking platforms, with fraud losses hitting Shs 1.02 trillion in 2024. The warning was issued during the launch of new digital platforms by NCBA Bank Uganda, where BoU said the rapid growth of online
Retirement savings hit Shs 36t as gov’t pushes for pension reforms to drive economic growth
Uganda’s retirement benefits sector has reached a total pension assets growth of Shs36 trillion, prompting government to rally the Uganda Retirement Benefits Regulatory Authority (URBRA) to accelerate pension reforms and channel the growing pool of long term savings into the country’s ambitious Tenfold Growth Strategy. The call was made by
Best Farmers Awards winner Alfred Ojok on transforming northern Uganda’s coffee sector
From introducing improved coffee seedlings to linking farmers to lucrative markets, Alfred Ojok has steadily built Hasting Coffee Centre into a key driver of agricultural transformation in northern Uganda. What started as a modest initiative to support smallholder farmers has evolved into a growing agribusiness focused on improving productivity, promoting
Centenary Group, Micropay partner to advance digital access to education, healthcare and insurance
Centenary Group, through its technology company, Centenary Technology Services (Cente-Tech), has signed a Memorandum of Understanding (MoU) with MicroPay Uganda, marking the beginning of a strategic partnership aimed at developing and scaling digital solutions across education, healthcare and insurance. The partnership brings together MicroPay Uganda’s digital services platform and Centenary
How American AI platforms are reshaping Uganda’s economy
Artificial Intelligence (AI) is no longer a futuristic concept in Uganda. It is rapidly becoming a practical tool that is transforming lives, creating jobs, improving public services, and opening new economic opportunities across the country. The United States of America’s technological impact in Uganda primarily centers on life-saving public health
Absa Bank loses case, ordered to compensate dismissed IT engineer
The Industrial Court has ordered Absa Bank Uganda Limited to pay Shs 14 million to a former employee, Eddy Muleme, after finding that his dismissal was procedurally unfair. Muleme, an Information Technology professional, had worked with the bank since July 2007, rising through the ranks to become Data Centre and
