Ashish Monpara Vanishes as URA Cracks Down on Impounded Kaliro Sugar
Ashish Monpara, Chairman and Founder of the Modern Group of Industries, is reportedly on the run after Uganda Revenue Authority (URA) seized consignments of sugar from his Kaliro Sugar Company for lacking activated Digital Tax Stamps (DTS). The seizures, carried out on Thursday, January 29, 2026, took place in Soroti
KCB Bank Uganda Deepens Women Empowerment Drive with New Innovation Hub
KCB Bank Uganda has deepened its commitment to women’s economic empowerment with the launch of the Mkazipreneur Community Library, a new knowledge and innovation hub aimed at equipping women entrepreneurs and young people with the tools to grow sustainable enterprises. The facility, located at the Mkazipreneur Hub in Ntinda, Kampala,
NIC General Insurance Earns ISO 9001:2015 Certification
NIC General Insurance Company Ltd has been awarded the prestigious ISO 9001:2015 Quality Management System certification following a successful audit conducted by Bureau Veritas Certification Holding SAS-UK Branch. The certification covers the provision of General (Non-Life) Insurance Services, affirming NIC General’s adherence to internationally recognized quality management standards and its
China Broadens Zero-Tariff Access for African Exports in Landmark Trade Move
China has unveiled an expanded zero-tariff policy for imports from most African countries, a decision widely seen as a significant shift in trade relations between Asia and the continent. The move transforms earlier preferential arrangements into one of the most far-reaching unilateral market access initiatives extended to developing regions. Scheduled
Stanbic’s Mumba Kalifungwa Calls for Inclusive Growth ahead of Uganda’s First Oil
Stanbic Bank Uganda’s Chief Executive, Mumba Kalifungwa has said Uganda’s future is not something to be observed from a distance, but something to be actively shaped calling on leaders across government, business, finance, and policy to translate macroeconomic momentum into inclusive, long-term prosperity. Speaking under the theme ‘Uganda’s Inflection Point:
Bank of Uganda Maintains Central Bank Rate at 9.75%
The Bank of Uganda (BoU) has decided to keep the Central Bank Rate (CBR) unchanged at 9.75%. The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic activity while ensuring inflation stabilizes around the target over the medium to long term, despite ongoing global
How Uganda’s economy can withstand global turmoil
By Bethuel Karanja From Washington to Beijing, the global economic weather is turning unpredictable. Trade rules that once anchored international commerce are fraying under the strain of protectionism, geopolitical rivalry and economic nationalism. For a small, open economy like Uganda’s deeply plugged into global commodity markets, capital flows and donor
MTN flags off Pachi Panda Innovation Challenge winners to South Africa
MTN Uganda yesterday flagged off the country’s winners of the Pachi Panda Innovation Challenge as they prepare to pitch their innovations at the continental finals in South Africa, competing against peers from across Africa for a pan-African award. The winners – FarmGate Digital, Kampala Buzzline, and Bottle for Cash Eco-Drop –
Absa appoints Catherine Kijjagulwe as Head of Markets
Absa Bank has appointed Catherine Kijjagulwe as head of Markets, effective 20 January 2026. Catherine brings over two decades of deep expertise in financial markets, with a strong track record in treasury management, trading, and market strategy. She previously served as Head of Trading at Absa Bank Uganda, where she
Absa Drives Inclusion with Rwenzori Region Bamboo Wheelchair Donation
Absa Bank Uganda has donated Shs40 million to the Kyaninga Child Development Centre (KCDC) to support critical therapeutic services, nutrition, and mobility for children living with disabilities in the Rwenzori region. The contribution is aimed at strengthening KCDC’s capacity to deliver specialised therapy and inclusive education to more than 1,000
