Mystery as Shs 192 Million Disappears from FINCA Bank
In the quiet hours before dawn, a well-orchestrated heist struck the FINCA Bank branch in Nakasongola, leaving behind more questions than answers and a vault lighter by over Shs 192 million. According to Sam Twiineamazima, spokesperson for the Savannah Regional Police, the thieves executed the robbery with chilling precision, escaping with Shs 192,587,800,
Central Banks Pivot to Gold as Confidence in Dollar Wavers
The global economic order is under strain, and public investors are responding. Just a year ago, central bank reserve managers overwhelmingly favored the U.S. dollar. Many were also prepared to take on more risk to boost returns. Today, that narrative has shifted: the dollar’s dominance is being questioned, and gold
MTN Uganda supports vulnerable children in Tooro Kingdom as it concludes 21 Days of Y’ello Care
MTN and partners –Bayobab Uganda, Maendeleo Foundation, Clinic Pesa, MUBS Entrepreneurship, Towerco of Africa Uganda Limited, Transtel, Daj, EBO Financial Services, and Pro bono – extended a range of support to Tooro Kingdom as it concluded the 2025 edition of its annual staff volunteerism campaign, 21 Days of Y’ello Care. The
Coca-Cola renews hydration partnership for the 2025 Rwenzori Marathon
Coca-Cola Beverages Uganda (CCBU) is going the distance in its partnership with the Tusker Lite Mount Rwenzori Marathon as it once again steps forward as the official hydration partner for the upcoming fourth edition of the race. The marathon, known for its scenic route and cultural immersion, will take place
New Study Shows the Coca-Cola System has an Economic Impact of $10.4 Billion Across its Value Chain in Africa, Supporting More Than 1 Million Jobs
The Coca-Cola Company today announced the results of a comprehensive, Africa-wide socio-economic impact study during the 2025 U.S.-Africa Business Summit in Luanda, Angola. The study shows that the Coca-Cola system, made up of The Coca-Cola Company and its authorized bottlers, working with a wide network of suppliers, manufacturers, service providers and
EACOP Advances Local Talent Development with Flagship Training Program at UPIK
The East African Crude Oil Pipeline (EACOP) project has reaffirmed its commitment to nurturing local talent with a high-level delegation visit to the Uganda Petroleum Institute in Kigumba (UPIK). The delegation included Maj. Gen. Paul Kisesa Simuli, High Commissioner of Tanzania to Uganda; Ernest Rubondo, Executive Director of the Petroleum
SBG Securities scoops award as Best Performing CIS Manager for 2024
SBG Securities Uganda Limited, the investment and brokerage subsidiary of Stanbic Uganda Holdings Limited (SUHL), recently scooped the award for 2024 Best Performing Collective Investment Scheme (CIS) Manager. On receiving the award, Grace Semakula, the Chief Executive of SBG Securities said, “We are excited to see our efforts gaining recognition.
Airtel Disburses Shs 50.3 Billion in Dividends to NSSF
Airtel Uganda has paid Shs 50.3 billion in dividends to the National Social Security Fund (NSSF), highlighting the strength of the Fund’s investment strategy and its ongoing commitment to delivering returns to its members. In 2023, NSSF invested Shs 199 billion to acquire over 4.21 billion shares in Airtel Uganda
Uganda, Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms
Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries. Uganda,
Stanbic Bank launches new FlexiPay campaign to bolster financial inclusion and digital transformation
Stanbic Bank Uganda announced the launch of an exciting, three-month nationwide campaign to boost its innovative digital payments platform FlexiPay. The campaign dubbed the Flexipay Cashback Explosion kicked off at the offices of Boda Boda Banja in Kampala, one of the bank’s key merchant partners in Kampala, with the goal of revolutionising
