NCBA Bank, Motorcare partner to make vehicle ownership more affordable
NCBA Bank has teamed up with Motorcare Uganda and ICEA Insurance Company to offer an exclusive asset financing program for customers over the next three months. The initiative is designed to enable both individuals and businesses to own brand-new, zero-mileage vehicles at discounted prices, with financing covering up to 90%
Pride Microfinance Transitions to Pride Bank Limited Following Tier II License Approval
Pride Microfinance has officially transitioned to a Tier II credit institution and will now operate as Pride Bank Limited, marking a new chapter of expanded services, enhanced customer experience, and a deeper contribution to Uganda’s financial ecosystem. The announcement was made at Serena Hotel following the acquisition of a Credit
AfDB signs $3.2 billion Exposure Exchange with Inter-American Development Bank
The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between the two institutions in 2015. The agreement was signed in Washington DC, on the sidelines of the World Bank Group and International Monetary Fund
Emirates and the Uganda Tourism Board renew partnership for 2025
Building on a successful year of collaboration, Emirates and Uganda Tourism Board have renewed their Memorandum of Understanding (MoU) for 2025, during the Arabian Travel Market. With a focus on driving inbound tourism to Uganda, the partnership underscores the airline’s ongoing commitment to market Uganda as a premier tourist destination.
Court Orders Standard Chartered Bank to Pay Shs 573 Million for Unlawful Dismissal of Employee
The Court of Appeal has ordered Standard Chartered Bank to pay Shs 573 million to Grace Tibihikira Makoko for her unlawful dismissal from employment. Between 1995 and 2015, Standard Chartered Bank employed Makoko in various capacities in Uganda and Kenya. From 2011 to 2015, she served on international assignments as
Ugandan Shilling Remains Steady Amid Balanced Currency Flows and Improved Market Liquidity
The Ugandan shilling held firm against the US dollar throughout the week, trading within a narrow and stable range. This stability was supported by balanced activity between buyers and sellers in the foreign exchange market, according to Catherine Kijjagulwe, Acting Head of Markets at Absa Bank Uganda. Commodity-related inflows were
The Ritz-Carlton, Masai Mara Safari Camp Set to Offer Elevated Luxury in the Wild
The Ritz-Carlton is poised to unveil a new era of luxury hospitality in Kenya with the highly anticipated opening of the brand’s first luxury safari camp. Expected to open this August, The Ritz-Carlton, Masai Mara Safari Camp will bring the brand’s legendary service and elegant style to the heart of
AFSA Launches Seed is Life Campaign to Defend Farmer-Managed Seed Systems
The Alliance for Food Sovereignty in Africa (AFSA) has launched its “Seed is Life” campaign—an urgent initiative promoting Farmer-Managed Seed Systems (FMSS) and resisting the spread of chemical-intensive, monoculture industrial agriculture across the continent. The campaign aligns with International Seeds Day, amplifying the voices of those advocating for patent-free seeds
Umeme Ordered to Pay Shs 30 million for Illegal Meter Connection and Overbilling
The Electricity Tribunal has ordered Umeme to pay Shs 30 million in compensation to Kamba Petroleum Uganda Limited for unlawfully connecting other customers to the complainant’s meter, which led to overbilling and significant financial losses. In 2016, Kamba Petroleum filed a complaint with the Electricity Tribunal, alleging that Umeme had
MTN commits Shs 100 million to support professional golfer Ronald Rugumayo
MTN Uganda has announced a Shs 100 million sponsorship for Uganda’s only professional golfer on the Sunshine Tour and DP World Tour, Ronald Rugumayo, fondly known as Mayo. This support is part of a broader national campaign dubbed “Friends of Mayo,” which aims to rally Ugandans to stand behind one
