Absa calls for investment execution to drive Uganda’s next growth cycle
Absa Bank is calling for greater focus on converting Uganda’s growing pipeline of investment opportunities into financed projects and productive businesses, as the country seeks to accelerate investment across energy, infrastructure, minerals, manufacturing and technology. Attracting investor interest is only part of the challenge. Converting that interest into investment requires
Nine years on, BoU still chasing Shs140bn Haba debt
Nearly nine years after Bank of Uganda (BoU) issued a guarantee linked to a Shs140.487 billion loan to Haba Group Ltd, the central bank is yet to recover the money or take the company to court, leaving legislators questioning how the public funds will be protected. The revelation has put
Elevate Africa to Convene African Leaders in Accra as Continent Moves from AfCFTA Ambition to Implementation
African leaders, policymakers, investors, creatives and members of the diaspora will gather in Accra next month as Elevate Africa convenes its 2026 gathering under the theme “Africa: Defining Her Future.” Taking place on 28-29 October 2026 at the Movenpick Ambassador Hotel in Accra, Ghana, the Convening comes as the continent
QNET steps up Uganda focus as direct-selling sector seeks higher standards
A Ugandan trader no longer has to travel to Dubai to look for cosmetics or Japan to source a vehicle before starting a business. With a smartphone, internet connection and mobile money, much of the search, marketing and transaction can now be done from Kampala, Jinja, Mbarara or even a
How Stanbic Bank Is Transforming the Livelihoods of Palm Farmers in Kalangala
When David Balironda Mukasa walks through his oil palm plantation in the island district of Kalangala, he sees more than a source of income. He sees the results of a remarkable journey one that has transformed a community with limited financial literacy and little access to formal banking into one
Yadea partners with Spiro to accelerate electric mobility across Africa
Spiro has signed a partnership with Yadea to scale accessible and sustainable electric transport across Africa. The strategic partnership combines Yadea’s global manufacturing and R&D capabilities with Spiro’s operational network and battery-swapping ecosystem across seven countries. Together, the companies aim to build a scalable, commercially sustainable EV framework serving millions
Shilling slides to 25-year low as dollar demand intensifies
The Uganda shilling weakened sharply against the US dollar this week, touching a 25-year low of 3,870/3,880 on Friday morning as strong demand for hard currency from corporates, importers, interbank and offshore players outpaced available dollar inflows. The shilling opened the week at 3,775/3,785, with dollar demand from importers and
Stanbic Donates Solar Street Lights Worth Shs 100 Million to Kabale University
Stanbic Bank Uganda has donated 35 solar-powered street lights valued at approximately Shs 100 million to Kabale University as part of activities marking the bank’s 35 years of operations in Uganda under the Standard Bank Group. The donation will improve safety, security and visibility across the university campus while promoting
French Ambassador Warns Over Kampala Pollution
French Ambassador to Uganda Virginie Leroy has called for greater investment in cleaner transport, warning that the level of pollution in Kampala is a major concern. Leroy made the remarks on Monday during the opening of a new RUBiS Energy Uganda fuel station in Kulambiro, Kampala, where the company also
Court allows amendment of Ssali Shs 3.8bn fraud indictment
The Anti Corruption Division of the High Court has allowed the prosecution to amend the indictment against former Trade Permanent Secretary Geraldine Ssali and five co accused in the Shs3.8 billion fraud and money laundering case. Justice Jane Kajuga Okuo ruled that the amendment was made at an early stage
