Standard Chartered Hosts Investment Dialogue Highlighting Cross-Border Trade as Catalyst for Uganda’s Tenfold Growth Strategy
Standard Chartered Bank yesterday hosted a high-level Uganda Investment Dialogue in Kampala centred on cross-border trade as a key driver of the country’s ambitious tenfold growth strategy, which aims to increase Uganda’s gross domestic product [GDP] from US$ 50 billion to US$ 500 billion by 2040. Held under the theme “Cross-Border
Four Flying Squad Officers Remanded Over Shs 380m Gold Robbery
On Friday, the Nakawa Chief Magistrate’s Court remanded four police officers attached to the Flying Squad Unit at Kireka Police Barracks for allegedly robbing businessman John Vian Tumukunde of one kilogram of gold valued at over Shs 380 million, along with $1,000 in cash. The suspects include; Detective Superintendent James Besigye
Joy, Laughter as Coca-Cola Engages Commuters with Personalized Bottle Drive
In a heartening display of connection and celebration, Coca-Cola has reimagined its iconic Share a Coke campaign for a new generation bringing joy, surprise, and refreshment to the streets of Kampala and beyond. The global beverage giant is now spreading happiness one bottle at a time, giving out free Coca-Cola sodas in
Uganda Baati Ignites Industrial Transformation with Trailblazing Building Innovations
Uganda’s march toward becoming a tenfold economy just gained serious momentum, thanks to Uganda Baati Limited’s groundbreaking innovations in building systems. At the high-profile Africa Business and Investment Forum—hosted at the trailblazing Inspire Africa Coffee Park in Ntungamo—the steel manufacturing giant showcased how its cutting-edge solutions are reshaping the face
Coke on the Go: Travellers Light Up as Their Names Appear on Bottles at Namayiba Bus Park
Travellers at Namayiba Bus Park were recently treated to a delightful surprise as Coca-Cola Beverages Uganda activated its popular “Share a Coke” campaign, distributing personalized bottles of Coca-Cola to passengers heading to destinations such as Kenya, Gulu, Juba, and beyond. The activation sparked excitement throughout the bus park, with many
Quality Chemicals Secures USD 36 Million Facility to Expand Production of Life-Saving Medicine
Quality Chemical Industries Limited (Qcil) has secured a USD 36 million (UGX 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. This new facility will not only increase production capacity for Qcil’s existing portfolio, but also enable the company to expand into new therapeutic areas,
IFC Invests in Immersive Content Platform VUZ to Support Jobs and Incomes
In a move to strengthen jobs and incomes for young creatives, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $5 million into VUZ as part of its $12M Pre-Series C. Launched by a Jordanian founder, VUZ is an immersive content platform that creates, distributes
Afreximbank reports strong performance in line with expectations
African Export-Import Bank (Afreximbank) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025. Financial Highlights Afreximbank Group delivered satisfactory financial performance for the first quarter of 2025, meeting expectations with solid profitability, strengthened liquidity and a resilient capital base. This
UBL, Foreign Affairs Sign Deal to Drive Export Growth and Local Manufacturing
Uganda Breweries Limited (UBL) has signed a five-year Memorandum of Understanding (MoU) with the Ministry of Foreign Affairs to supply Ugandan diplomatic missions abroad with iconic local products, including Uganda Waragi. This initiative aligns with the government’s agenda for national socio-economic transformation by promoting export trade and supporting local production through
AfDB’s Adesina Warns of Economic Shockwaves from U.S. Tariffs, Calls for Strategic Global Engagement
As the United States imposes higher tariffs with global ramifications, African Development Bank Group President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. In an exclusive interview with CNN’s Christiane Amanpour, Dr
