GCR Upgrades ShafDB’s Long and Short-Term Issuer Ratings, Maintains Stable Outlook
Global Credit Ratings (GCR), has affirmed and upgraded Shelter Afrique Development Bank’s (ShafDB) international and several key national scale ratings, reflecting the Bank’s strengthened capital position, risk management improvements, and growing credibility across its shareholder base. In its latest review, the Johannesburg-based rating agency has affirmed the Bank’s international scale long-term and short-term issuer
East Yara Africa, Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security
Yara East Africa Limited, a leading crop nutrition company, in partnership with Asili Agriculture, today launched a new Agri-Hub Knowledge Centre in Kigumba, Kiryandongo District. The centre is designed to serve as a transformative platform to deliver agronomic knowledge, demonstrate sustainable farming practices, and support smallholder and commercial farmers with
ATAF and IISD Sign MOU to Strengthen Domestic Resource Mobilisation
The African Tax Administration Forum (ATAF) and the International Institute for Sustainable Development (IISD) have signed a new cooperation agreement to support stronger tax policy and administration, especially in the mining sector. The new memorandum of understanding (MoU) sets out how ATAF and IISD will work together to enhance domestic
Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania
Stanbic Bank and the German development agency GIZ entered a new regional partnership “Promoting Green Businesses and Jobs for the Green Transformation project in Kenya, Tanzania and Uganda,” aimed at supporting women’s economic development and advancing environmental sustainability. This collaboration is set to strengthen green innovation across East Africa by
Standard Chartered Unveils ‘Jaguza’ Campaign to Reward Clients for Deposits and Transactions
Standard Chartered Bank launches campaign to reward clients Standard Chartered Bank Uganda has unveiled its latest deposit campaign dubbed ‘Jaguza ne Standard Chartered,’ designed to reward clients for saving, transacting and maintaining deposits with the Bank. Running from July 1 to September 30, 2025, the campaign will see the Bank’s clients
Mary Baine assumes role as Executive Secretary of ATAF
The African Tax Administration Forum (ATAF) says Mary Baine has officially assumed her duties as the new Executive Secretary of the organisation, effective July 1, 2025. Baine’s appointment was formally announced on June 3, 2025, following a rigorous selection process and broad endorsement from ATAF’s member administrations. Her assumption of
Pesapal Uganda Launches Openfloat to Revolutionize Bulk Business Payments
Pesapal Uganda has launched of Openfloat, a cutting-edge bulk funds disbursement solution designed to transform how businesses manage payouts, cash flow, and settlements in real-time. Openfloat offers a unified digital account to manage petty cash, supplier payments, salaries and so much more, all in one place. Merchants can also disburse
Stanbic launches 90-day FlexiPay Cashback Explosion
Stanbic Bank has officially launched the FlexiPay Cashback Explosion, a highly anticipated 90-day campaign featuring offers of various rewards, and increased customer engagement to encourage uptake of digital payments. FlexiPay is the bank’s innovative digital mobile platform that does not require one to have a Stanbic Bank account in order
Access Bank completes acquisition of Standard Chartered’s retail division
Access Bank Tanzania has announced the successful completion of its acquisition of the Consumer, Private, and Business Banking division of Standard Chartered Bank Tanzania, following receipt of all regulatory approvals. The transaction marks a significant step in Access Bank Tanzania’s strategic growth, positioning it as a full-service commercial bank committed
Diageo Academy Equips over 1,600 Ugandans with Hospitality Skills
In a drive to standardise the hospitality industry and elevate service excellence, Uganda Breweries Limited (UBL), through its Diageo Bar Academy (DBA) 2025 training programme, is equipping bartenders, waiters, and waitresses across the country with critical industry skills. According to Steven Baguma, UBL’s Reserve Ambassador, the intensive two-month training initiative
