Relief as Supreme Court blocks I&M Bank from taking over Haruna Sentongo’s properties
The Supreme Court has issued an injunction restraining I&M Bank Uganda from selling, transferring, alienating, evicting, or taking possession of properties belonging to city businessman Haruna Sentongo, a brother to Hamis Kiggundu. The properties in question are located on Kibuga Block 12, Plots 250, 251, and 252 in Mengo. In
“Currency, Money Markets Remain Steady Amid Global Trade Developments”
The Ugandan shilling remained stable, trading within the 3,650โ3,670 range, supported by dollar inflows from commodity exporters and offshore investors, according to Richard Nsubuga, a Trader in CIB Markets at Absa Bank Uganda. Demand for the dollar remained low throughout the week. We anticipate the shilling will maintain its strength
๐๐จ๐ฅ๐๐ซย ๐๐ย unveiledย ๐ญ๐จย e๐ฑ๐ฉ๐๐ง๐ย e๐ง๐๐ซ๐ ๐ฒย a๐๐๐๐ฌ๐ฌย ๐๐ง๐ย ๐๐ซ๐จ๐ฆ๐จ๐ญ๐ย d๐ข๐ ๐ข๐ญ๐๐ฅย i๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐งย ๐ข๐งย r๐ฎ๐ซ๐๐ฅย ๐๐ ๐๐ง๐๐
The Minister of State for ICT, Joyce Nabbosa, has officially launched Solar M7, a mobile and affordable solar kit designed to bring clean energy and digital inclusion to rural households in Uganda. Speaking during a media-only briefing in Kampala on Thursday, Nabbosa explained that the initiative is part of the
MTN rolls out nationwide network upgrade to enhance connectivity, boost customer experience
MTN Uganda is rolling out an ambitious nationwide network upgrade aimed at enhancing voice, data, and mobile money services, ensuring customers enjoy a more seamless and superior digital experience. The three-month initiative, which runs through July 2025, is a key pillar of the companyโs broader strategy to strengthen digital connectivity
David Wandera appointed Managing Director of Absa Bank Uganda
David Wandera has been appointed as Managing Director of Absa Bank Uganda effective 5 May 2025, following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this
Bayobab Uganda Launches Strategic Fibre Optic Route Along Railway Line
Bayobab Uganda has launched its newest and shortest fibre optic routeโthe Uganda Railway National Long Distance (NLD) routeโfrom Malaba to Kampala. Bayobab, a subsidiary of MTN Group and the Groupโs digital infrastructure arm, is a leading force transforming connectivity across the East African Corridor. This strategic infrastructure initiative aligns with
aBi Finance Advances ESG Integration in Ugandaโs Tier 4 Financial Institutions
aBi Finance is empowering Ugandaโs leading microfinance institutions and SACCOs to integrate Environmental, Social, and Governance (ESG) principles into their operations through a targeted training program. Delivered in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), the initiative aims to foster sustainable growth and promote responsible financial
URA foils Kadama Smuggling Plot, Seizes Phone Screens, Laptops and Smartphones worth Shs 329.3 million
The Uganda Revenue Authority (URA) Enforcement team at Entebbe International Airport recently intercepted a significant consignment of smuggled mobile phone accessories valued at USD 90,000 (Shs 329.3 million). The seized items included 1,172 packets of button phone screens and 22,837 packets of LCD/LED phone screens. With the growing demand for
Starlinkโs Direct-to-Cell Service Disrupts Telecom Market, Forces Operators to Adapt
Starlinkโs disruptive direct-to-cell (D2C) service is rapidly reshaping the telecommunications landscape, pressuring mobile network operators (MNOs) to rethink their strategies or risk obsolescence. The D2C technology, launched globally between 2024 and 2025 by Elon Muskโs internet company, enables users with 4G and 5G smartphones to connect directly to Starlink satellites
Private Sector Output Grows in April Amid Surge in New Orders
Ugandaโs private sector continued to show strong performance in April, as the headline Stanbic Purchasing Managersโ Index (PMI) rose to 55.3, up from 52.9 in March. A reading above 50.0 signals an improvement in business conditions compared to the previous month, while a score below 50.0 indicates deterioration. The latest
