“I came for the vibe and walked away with a win”: coca-cola rewards young creators
For Timothy Eniau, popularly known as MUBS Bee, the plan was simple: attend the Coca-Cola-sponsored Makerere Freshers’ Ball, enjoy the music and have a good time. But the experience turned into something much more rewarding when he emerged among the winners of the Coca-Cola Essawa Yona Kisoboka Content Creation Challenge.
Absa Group expands into Dubai to connect Gulf capital with Africa
Absa Group has expanded its international presence with the opening of its Dubai office, strengthening two-way trade and investment connections between the Middle East and Africa. Located in the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, the
Middle East tensions keep oil prices volatile
Oil prices are expected to remain elevated and volatile as persistent supply risks in the Middle East, particularly disruptions to shipments through the Strait of Hormuz, continue to unsettle global energy markets. Market attention is shifting to the upcoming OPEC+ meeting, where production targets are expected to remain unchanged, as
Young innovators win Shs30m in green technology challenge
Three Ugandan youth-led enterprises developing solutions to environmental challenges have emerged winners of the 2026 PachiPanda Innovation Challenge, sharing Shs30 million in prize money and earning the opportunity to represent the country at a continental competition in South Africa. Agrosap, Lutre Plastics and Reyre Blocks Ltd took the first, second
Musasizi warns against panic buying of dollars as shilling weakens
Finance minister Henry Musasizi has urged Ugandans to stop panic buying of US dollars and avoid speculative foreign exchange transactions driven by rumours, warning that such behaviour could worsen pressure on the shilling. Musasizi made the call while presenting a statement on the state of Uganda’s economy to Parliament, where
Spiro to triple battery swapping hubs as e-motorcycle demand rises
Electric motorcycle company Spiro Uganda plans to increase its mega battery-swapping hubs from four to 11 by December 2026 as demand for electric motorcycles grows. The expansion is intended to make battery replacement more convenient for riders while strengthening maintenance and spare parts support as more Ugandans adopt electric two-wheelers.
Coca-Cola system generates $3.6bn for COMESA economies
The Coca-Cola system contributed $3.6 billion (about Shs13.5 trillion) to the economies of the Common Market for Eastern and Southern Africa (COMESA) in 2024, while supporting more than 458,200 jobs, a new study has revealed. The study, conducted by global consultancy Steward Redqueen, found that the company’s network of bottlers,
Stanbic Bank Boosts Virunga Gorilla Marathon with Shs 20 Million Pledge
Stanbic Bank Uganda has pledged Shs 20 million in support of the 3rd edition of Virunga Gorilla Marathon scheduled for Kisoro on November 21, 2026 under the theme ‘Running for Climate Action’. Speaking at the kit handover ceremony on Tuesday, Diana Ondoga, Manager, Corporate Social Investment, reiterated the bank’s commitment
Tour operators seek better roads, easier visas to boost Uganda’s tourism
The Association of Uganda Tour Operators (AUTO) has called on the government to improve access roads to national parks, simplify visa procedures and expand affordable financing for tourism businesses, saying the challenges are limiting efforts to attract more visitors to Uganda. The association’s Chief Executive Officer, Matilda Iremera, made the
Nedbank takes control of NCBA in landmark East African banking deal
South Africa’s Nedbank Group has acquired a 66 per cent controlling stake in NCBA Group PLC, bringing the Kenyan-headquartered lender under its ownership in a deal expected to strengthen cross-border banking, trade and investment across East and Southern Africa. The transaction, completed on October 19, 2026, follows regulatory approvals and
