New Mortgage Model Could Close Uganda’s 2.4M Housing Unit Deficit
For many working Ugandans, owning a decent home remains a distant dream. Soaring construction costs, high interest rates, and a complex mortgage process have left most lower-middle-class earners locked out of the property ladder. Despite over 60% of Uganda’s urban population residing in informal settlements, the journey to homeownership remains
Uganda Airlines Inaugurates Direct London Gatwick Service
Uganda Airlines has launched direct flights between Entebbe International Airport and London Gatwick Airport (LGW), marking a significant milestone in the national carrier’s international expansion strategy and strengthening growing connectivity between Uganda and the United Kingdom. This London route follows the recent triple launch of destinations in Abuja, Lusaka, and
Supreme Court Dismisses Nzeyi’s Appeal Over National Bank of Commerce Liquidation
The Supreme Court has dismissed a petition filed by Humphrey Nzeyi challenging the liquidation, closure, and subsequent sale of the National Bank of Commerce (NBC). In a unanimous ruling, the seven justices; Prof. Lillian Tibatemwa Ekirikubinza, Percy Night Tuhaise, Mike Chibita, Elizabeth Musoke, Christopher Madrama, Catherine Bamugemereire, and Monica Mugenyi
Treasury Bond Auction Sees Yield Surge, Undersubscription at 78%
The Uganda shilling traded sideways over the past week, briefly touching session highs of 3645/3655. Mid-week tax remittances provided support for the local unit, though buying interest from entities in the energy sector applied downward pressure. The currency closed the week marginally weaker at 3655/3665. Analysts anticipate that the shilling
UBA Names Agutamba Chairperson of Peer Committee on Marketing and Communication
The Uganda Bankers Association (UBA) has appointed Stanbic Bank Uganda’s Country Manager for Reputation and Corporate Communication, Ken Agutamba, as the new Chairperson of the Peer Committee on Marketing and Communication. He succeeds Jude Kansiime of DFCU Bank. The committee plays a critical role in shaping collective communication strategies and
Global Flagship Initiative for Food Security Brings Together International Stakeholders to Address Global Hunger
On May 12-13, global leaders and experts convened in Bonn, Germany, for the first stakeholder meeting of the Global Flagship Initiative for Food Security. With an estimated 735 million people affected by hunger, the need for urgent, science-driven, and sustainable solutions has never been clearer. The Flagship Initiative offers a unified
Absa Bank wins two awards at the 2025 Global Banking and Finance Awards
Absa Bank Uganda has been honoured with two prestigious accolades at the 2025 Global Banking and Finance Awards: “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the One Million Trees Initiative aimed
Vendor to Visionary: Mulaliira’s Journey with Coca-Cola Beverages Uganda
When David Mulaliira first considered launching a soft drink distribution business, he knew he needed a partner with an impeccable reputation. As the owner of Vinegarden Enterprises—a company supplying school materials, construction goods, and consulting services—he had built small but steady successes through hard work and persistence. To break into
Invest in African Energy 2025: Innovative Financing to Unlock Africa’s Energy Potential
Africa holds immense energy potential, with more than 125 billion barrels of proven oil reserves, 620 trillion cubic feet of natural gas and 60% of the world’s best solar resources. Yet, the continent continues to struggle with attracting the capital needed to leverage these resources for transformative development. Addressing this
NCBA Bank posts Shs 38.9 billion profits after tax
NCBA Bank Uganda Limited has posted Shs 38.9 billion profit after tax for the financial year ending December 31, 2024, according to the bank’s audited financial results. The results reflect a strong year of growth across key performance. The Net Loans and Advances to customers increased by 18% from Shs
