Court Orders URA to Pay Shs 51M to Former employee over Unfair Dismissal
The Industrial Court has directed the Uganda Revenue Authority (URA) to pay its former compliance manager, David Kalemera, Shs 51 million in compensation for unfair termination. Delivering the ruling, Justice Anthony Wabwire Musana faulted URA for violating its own disciplinary procedures and denying the former employee a fair hearing before
Afreximbank Calls for Stronger Trade Finance Capabilities to Accelerate Inclusive Growth Across Africa
At the opening of the 25th Afreximbank Trade Finance Seminar (ATFS) in Abidjan,Gwen Mwaba, Managing Director for Trade Finance and Correspondent Banking at Afreximbank, called for stronger trade finance capabilities and deeper collaboration among African financial institutions to accelerate inclusive and sustainable growth across the continent. “Africa is richly endowed
Local Leaders Praise Stanbic Bank for Empowering Women
Local leaders in the Karamoja sub-region have commended Stanbic Bank Uganda for its ongoing investment and inclusive banking agenda, which continues to empower women, youth, and farmers through affordable credit, digital inclusion, and community partnerships. The leaders made the remarks during the official opening of Stanbic’s newly relocated Moroto Branch,
dfcu Bank Strengthens Commitment to Women in Business at AWE Event
dfcu Bank joined MTN Uganda and partners at the Advancing Women Entrepreneurs (AWE) Accelerator Programme event; the HER Power Tee — held at Entebbe Golf Club, to celebrate progress in women’s economic empowerment and supplier diversity. The event marked a major milestone in Uganda’s journey toward inclusive business growth, spotlighting women entrepreneurs making
aBi Finance, UIBFS launch Sustainable Finance Curriculum to boost Uganda’s financial sector
Uganda’s financial sector has been strengthened, after Tuesday’s launch of the Sustainable Finance Curriculum at the Sheraton Kampala Hotel. The Sustainable Finance Curriculum is the first comprehensive national framework designed to equip financial professionals, institutions, and stakeholders with the knowledge and practical tools required to integrate sustainability into Uganda’s financial
G20 Investment Forum opens Doors for Impactful Energy Investments
As the need to make energy poverty history becomes increasingly more urgent, the African Energy Chamber (AEC) has announced the launch of the G20 Africa Energy Investment Forum on November 21, 2025. Taking place at the Southern Sun Sandton in Johannesburg, South Africa, the forum will explore potential avenues for
Parliament clears Shs 422.7B Loan for South Sudan Power Project
Parliament has approved a US$121.96 million (Shs 422.7 billion) loan from the African Development Fund to finance Uganda’s electricity export project to South Sudan, despite sharp divisions among Members. While some legislators welcomed the project as a strategic regional investment that could generate foreign income, others warned that it would worsen Uganda’s debt
Boda Boda Rider remanded Over Shs 332M Centenary Bank Fraud
Buganda Road Chief Magistrate Ronald Kayizzi has remanded 45-year-old boda boda rider George Byaruhanga, also known as Ronald Kintu, over allegations of electronic fraud. Byaruhanga faces six charges, including electronic fraud, personation, forgery, and uttering false documents, in connection with a scheme that allegedly defrauded Centenary Bank of more than
Aliker appointed Head of Africa Region at Standard Bank Group
Ugandan investment banker Anne Aliker has been appointed Head, Africa Regions – Corporate and Investment Banking (CIB) at Standard Bank Group, Africa’s largest bank by assets. Her appointment underscores the Group’s long-standing commitment to developing African leaders to drive Africa’s growth and reflects the rising influence of Ugandan professionals within
Coca-Cola HBC signs $2.6 billion deal to acquire 75% of Coca-Cola Beverages Africa
Coca-Cola HBC has announced the signing of an agreement to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company (TCCC) and Gutsche Family Investments (GFI) for a total consideration of $2.6 billion. The deal values CCBA at $3.4 billion, marking one of the largest transactions in the recent
