Entebbe Airport Sees Surge in Passenger Traffic
Entebbe International Airport recorded a total of 178,383 passengers in March 2025, according to data obtained by Daily Star. The figures were confirmed by Vianney Mpungu Luggya, Public Relations Officer at the Uganda Civil Aviation Authority (UCAA). Of the total, 83,661 passengers arrived, while 94,722 departed to various destinations around
IFC invests US$ 58 million in Balwin Properties to support quality housing in South Africa
IFC has announced a ZAR 1 billion (US$ 58 million equivalent) investment in South Africa’s Balwin Properties to support the property developer to build more than 16,000 houses for low-and-middle income buyers near Johannesburg, helping increase the supply of affordable housing in the country. IFC’s local currency ZAR 1 billion
African Ministers to Showcase Mineral Refining Opportunities at African Mining Week
African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders, taking place from October 1-3 in Cape Town – will feature a high-level Ministerial Forum dedicated to advancing local mineral beneficiation across the continent. The session – From Extraction to Transformation: African Governments Driving Beneficiation and Value Addition –
Stanbic Bank, Umeme Lose Shs 9.2 billion Appeal Against Makubuya
The Commercial Division of the High Court has dismissed an appeal filed by Stanbic Bank Uganda Ltd and Umeme Ltd, contesting garnishee orders in favour of Makubuya William, trading as Polla Plast, over Shs 9.2 billion. The dispute dates back to 2008, when Makubuya purchased plastic manufacturing equipment from BMK
MTN’s SASE Transforms Post Bank’s Digital Operations
The deployment of MTN Uganda’s SASE Business solution has significantly enhanced Post Bank’s operational efficiency, network reliability and security, as well as customer experience. By leveraging this advanced technology, Post Bank has optimized its connectivity across 2 of its branches, ensuring secure, seamless banking operations and cost-effectiveness, as the solution
Absa Bank posts Shs 546 billion revenue in 2024
Absa Bank Uganda has posted a robust set of financial results for the year ended December 31, 2024, with profit after tax rising by 22% to Shs 178 billion. Revenue increased by 15% to Shs 546 billion, which is a reflection of strategic investments made and unwavering customer loyalty to
Court Ruling: Tight Security Guard Connived in Nile Distilleries Warehouse Theft
Blue Nile Distilleries and APA Insurance have lost a Shs 89.3 million lawsuit against Tight Security Ltd. On January 29, 2020, Blue Nile Distilleries and its insurer, APA Insurance, filed a suit in the Commercial Division of the High Court seeking to recover Shs 89.3 million following the theft of
Hellen Alaba Wins 19-Year Pension Dispute Against Bank of Uganda
In a landmark ruling delivered by the Industrial Court of Uganda, Hellen Alaba, a former Banking Assistant at the Bank of Uganda (BOU), emerged victorious in her 19-year legal battle for retirement benefits. The court ruled that Alaba is entitled to her accrued pension benefits for her service between May
Kampala International University Loses Shs 46.6 Billion Case Against Housing Finance Company
In a landmark ruling delivered by the Commercial Division of the High Court, Kampala International University’s (KIU) application to stay the execution of a $12.7 million (Shs 46.6 billion) arbitral award in favor of Housing Finance Company Limited was dismissed. Presided over by Justice Stephen Mubiru, the decision marks a
Remittances Campaign MoMo Rewards Customers with Trips to Mecca
In the spirit of giving and community, MTN MoMo successfully concluded its special Ramadan Remittances Campaign, an initiative designed to reward loyal customers who sent or received money from abroad during the holy month of Ramadan. The campaign underscored the values of connection, generosity, and spiritual reflection during this sacred
