Nedbank Seeks to Acquire 66% Stake in NCBA Group
NCBA Group PLC (NCBA)has announced that it has received a Strategic Investment Proposal and a Notice of Intention (NOI) from Nedbank Group Limited to acquire approximately 66 percent of its ordinary shares through a tender offer to existing shareholders. If completed, the transaction would see Nedbank acquire a controlling stake
Uganda’s Coffee Boom Powers Record Agricultural Exports as Sector Hits New Milestones
Uganda has started 2026 on a strong agricultural footing, with coffee once again emerging as the backbone of the country’s export growth after generating a record USD 2.2 billion in earnings in the 2024/2025 financial year. New figures released on Thursday by the Ministry of Agriculture, Animal Industry and Fisheries
Coca-Cola Beverages Uganda recognised as a Top Employer in 2026
Coca-Cola Beverages Uganda (CCBU), a company in the Coca-Cola Beverages Africa (CCBA) group, is proud to announce its recognition as a Top Employer for 2026 by the Top Employers Institute. It joins six other countries in the CCBA footprint in this elite group. CCBA has also been certified as a Top
How to Build Wealth From Any Income Level – Stanbic Bank
As the month of January draws to a close to the end, Ugandans have been urged to prioritise saving if they are to achieve their aspirations and long-term financial goals. The call was made by Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda. Arinaitwe emphasised the importance of
How Internet Shutdown offered Families Time to Bond
When the Uganda Communications Commission (UCC) announced the suspension of internet services during the presidential and parliamentary elections, Gen Z collectively blinked in disbelief. It was as if someone had hit “pause” on the world, leaving us in a bizarre reality that felt ripped straight from The Walking Dead except our
Sudhir Loses Shs 40 Billion Case Against DFCU Bank
The High Court has thrown out Sudhir Ruparelia’s Shs40 billion case against DFCU Bank. In June 2024, Ruparelia, through Meera Investments Limited, dragged DFCU Bank to the Land Division of the High Court, accusing the bank of contempt of court for allegedly disobeying a judgment and decree issued on October
dfcu Bank Takes the Weight Off School Fees with New Nationwide Campaign
dfcu Bank has launched a nationwide Back-to-School campaign dubbed “School Fiiz! Weight Off!”, an integrated education financing initiative designed to ease the financial pressure of school fees for parents and guardians, while strengthening cash flow and operational resilience for education institutions as the first school term begins. The reopening of
Inside the Shs 16.537 trillion Released for the third Quarter of FY 2025/26
The Ministry of Finance has released Shs 16.537 trillion for the last quarter of the 2025/2026 financial year. The funds were released by Ramadhan Ggoobi, the Permanent Secretary at the Ministry of Finance and Secretary to the Treasury. the released funds include Wage 2.71 trillion, Non- wage 2.898 trillion, Development
Uganda on Track for Middle-Income Status, Economic Growth Continues
The Permanent Secretary for the Ministry of Finance, Ramathan Ggoobi, has said that Uganda’s economy possesses all the key ingredients to create wealth and prosperity for all Ugandans. He noted that the various economic reforms implemented by the NRM Government over the years have laid a strong foundation for a
Private sector ends 2025 with high hopes for further expansion in 2026
Following a ten-month period of job creation, Ugandan companies saw a broad stagnation in employment levels and higher input costs during December, nonetheless driven by other factors, the monthly Stanbic Purchasing Managers Index (PMI) rose slightly to 54.0 compared to the 53.8 recorded for November 2025. Readings above 50.0 signal
