Uganda Chamber of Energy and Minerals Repositions as Leading Voice in Clean Energy and Sustainable Mining
The Uganda Chamber of Energy and Minerals (UCEM) has repositioned itself as a national leader in clean energy advocacy aand sustainable mineral development a significant step in Uganda’s transition toward a greener, more inclusive energy future. The announcement was made today during a launch event at the Kampala Serena Hotel,
Falling Commodity Prices Could Mute Inflation Risks from Trade Tensions
Faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity prices to their lowest level of the 2020s, according to the World Bank’s latest Commodity Markets Outlook. The decline could moderate near-term inflation risks emerging from rising trade barriers, but it could also hamper
Court Orders DFCU Bank to Pay Shs 810 million Over Disputed Nakwero Land
The High Court Judge Susan Abinyo has ordered DFCU Bank to pay Shs 810 million in general damages to 27 claimants in a long-standing land dispute concerning property in Nakwero. In June 2012, Hosanna Real Estates Limited obtained a Shs 2.5 billion loan from Global Trust Bank Uganda Limited (GTB),
UDB, MD Ojangole listed for African Banker Awards 2025
African Banker magazine has announced the shortlist of nominees for this year’s edition of its annual African Banker Awards with Uganda Development Bank [UDB] and its Managing, Director Patricia Ojangole being nominated in the categories of African Banker of the Year and ‘SME Bank of the Year, respectively. The Cooperative Bank of Kenya
Museveni Approves Elon Musk’s Starlink Following Successful UCC Application
Ugandan President Yoweri Museveni announced yesterday that he had a “productive meeting” with representatives from Elon Musk’s satellite internet company, Starlink, which is seeking to establish operations in Uganda. Starlink, a unit of SpaceX, has reportedly submitted a license application to the Uganda Communications Commission (UCC). The company is aggressively
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
