Umeme Ordered to Pay Shs 30 million for Illegal Meter Connection and Overbilling
The Electricity Tribunal has ordered Umeme to pay Shs 30 million in compensation to Kamba Petroleum Uganda Limited for unlawfully connecting other customers to the complainant’s meter, which led to overbilling and significant financial losses. In 2016, Kamba Petroleum filed a complaint with the Electricity Tribunal, alleging that Umeme had
MTN commits Shs 100 million to support professional golfer Ronald Rugumayo
MTN Uganda has announced a Shs 100 million sponsorship for Uganda’s only professional golfer on the Sunshine Tour and DP World Tour, Ronald Rugumayo, fondly known as Mayo. This support is part of a broader national campaign dubbed “Friends of Mayo,” which aims to rally Ugandans to stand behind one
World Bank: Economic Growth is Speeding Up in Africa, but Uncertainty Clouds Outlook
Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to reach 3.5% in 2025 and further accelerate to 4.3% in 2026-2027. This growth is mainly due to increased private consumption and investments as inflation cools down
AfDB approves $19.85 million grant for crisis response to the most vulnerable in Sudan’s conflict areas
The Board of Directors of the African Development Bank Group (AfDB) has recently approved a $19.85 million grant over two years to support a humanitarian and resilience operation in Sudan, with a strong focus on improving livelihoods of vulnerable populations and easing the impact of the ongoing conflict on communities
Court Orders MTN to Pay Shs 11.1 billion for Breach in SMS Content Deal
The High Court has directed MTN Uganda to pay Shs 11.1 billion to Vas Garage Limited for loss of income sustained over a 29-month contractual period. On July 16, 2013, and December 22, 2014, Vas Garage Limited entered into a contract with MTN Uganda to provide services including content provisioning,
Coca-Cola Beverages promotes water stewardship with efficiency measures
Coca-Cola Beverages Uganda (CCBU) has ramped up its efforts to improve water efficiency at its Rwenzori and Namanve plants by introducing innovative measures designed to reduce water usage. Muminu Kirunda, the Manufacturing Development Specialist at CCBU, explains the company’s approach: “Water is essential to life, our beverages and the communities
Unilever Launches Royco Cube Ku String in Mbale
Building on the momentum of successful launches across Uganda, Unilever Uganda has introduced the Royco Cube Ku String to the Eastern region with a vibrant activation at Bugwere Market in Mbale. This initiative underscores Unilever’s commitment to bringing innovation closer to its consumers and celebrating the vital role they play
MTN equips Bugiri School with computer lab as part of Shs 285 million digital inclusion initiative
MTN Foundation has handed over a fully equipped computer lab to Town View PEAS High School in Bugiri District—marking a significant milestone in the effort to bridge Uganda’s digital divide. The state-of-the-art facility, comprising 30 modern computers, a full year of free internet connectivity, security cameras, and a reliable power
Ugandan Shilling Stabilizes Amid Balanced Market Activity and Central Bank Intervention
The Ugandan shilling maintained a stable trading range between 3660 and 3675, supported by subdued and balanced market activity. This stability follows a significant market correction from last week’s local unit lows of 3730/3740, and a gradual appreciation that closed the week at 3660/3670. The Bank of Uganda intervened in
Afreximbank Hosts Inaugural FOCUS Africa Trade and Investment Forum to strengthen economic integration in Africa
The African Export-Import Bank (Afreximbank) in collaboration with the Ministry of Planning, Economic Development and International Cooperation (MoPEDIC) of Egypt and the Group of African Ambassadors in Cairo, is hosting the inaugural FOCUS Africa Trade and Investment Forum from 15 to 16 April 2025 at the Dusit Thani Hotel, Cairo,
