Uganda Weighs Second SGR Route to Unlock Dar es Salaam Export Access
Uganda is exploring plans to establish a second Standard Gauge Railway (SGR) connection to Tanzania, a strategic move aimed at opening a direct export corridor to the Port of Dar es Salaam and cutting transportation costs and transit time for its mineral exports. Reports by Sputnik Africa, referencing British media
dfcu Expands Footprint to Namanve, Backing Uganda’s Manufacturing Ambitions
dfcu Bank has today officially opened its Namanve branch, planting its flag firmly in the heart of one of Uganda’s fastest-growing industrial hubs. Set within the bustling Namanve Industrial Park, the event signaled strong confidence in Uganda’s growing industrial and manufacturing future. The branch becomes dfcu’s 55th nationwide presence and the second
Stanbic, Buganda Kingdom Launch Ssemaduuka to Expand Credit Access for Farmer-owned SACCOs
For more than a decade now, Frank Nyanzi, a 57-year-old coffee farmer from Madudu Sub-county in Mubende District, has battled with declining yields; something he largely attributes to climate change. Prolonged dry spells, rising temperatures, and persistent pest and disease outbreaks, particularly the coffee wilt disease and coffee berry borer
Airtel Foundation Commits Shs 3.85 billion to Strengthen Uganda’s Digital Workforce
In a landmark commitment to Uganda’s human capital development, the Airtel Africa Foundation unveiled the flagship Tech Fellowship, committing Shs 3.85 billion to sponsor high-achieving students from low-income households who are pursuing higher education in STEM. The four-year initiative, which officially commenced following a rigorous selection process in December 2025 –
BoU Commends Absa for Strengthening Gov’t Securities Market
The Bank of Uganda has recognized Absa Bank Uganda as the Best Performing Primary Dealer Market Maker (PDMM) in Uganda Government Securities for the period October 2024 to September 2025. The award was presented by Governor Michael Ating-Ego at the Uganda Bankers’ Association meeting held at the Bank of Uganda.
KCB Bank Uganda Deepens Women Empowerment Drive with New Innovation Hub
KCB Bank Uganda has deepened its commitment to women’s economic empowerment with the launch of the Mkazipreneur Community Library, a new knowledge and innovation hub aimed at equipping women entrepreneurs and young people with the tools to grow sustainable enterprises. The facility, located at the Mkazipreneur Hub in Ntinda, Kampala,
NIC General Insurance Earns ISO 9001:2015 Certification
NIC General Insurance Company Ltd has been awarded the prestigious ISO 9001:2015 Quality Management System certification following a successful audit conducted by Bureau Veritas Certification Holding SAS-UK Branch. The certification covers the provision of General (Non-Life) Insurance Services, affirming NIC General’s adherence to internationally recognized quality management standards and its
China Broadens Zero-Tariff Access for African Exports in Landmark Trade Move
China has unveiled an expanded zero-tariff policy for imports from most African countries, a decision widely seen as a significant shift in trade relations between Asia and the continent. The move transforms earlier preferential arrangements into one of the most far-reaching unilateral market access initiatives extended to developing regions. Scheduled
Stanbic’s Mumba Kalifungwa Calls for Inclusive Growth ahead of Uganda’s First Oil
Stanbic Bank Uganda’s Chief Executive, Mumba Kalifungwa has said Uganda’s future is not something to be observed from a distance, but something to be actively shaped calling on leaders across government, business, finance, and policy to translate macroeconomic momentum into inclusive, long-term prosperity. Speaking under the theme ‘Uganda’s Inflection Point:
Bank of Uganda Maintains Central Bank Rate at 9.75%
The Bank of Uganda (BoU) has decided to keep the Central Bank Rate (CBR) unchanged at 9.75%. The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic activity while ensuring inflation stabilizes around the target over the medium to long term, despite ongoing global
