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
World Bank Group, IAEA Formalize Partnership to Collaborate on Nuclear Energy for Development
The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement today to work together to support the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by World Bank Group President Ajay Banga and IAEA Director General Rafael Mariano Grossi,
Tech Talent Takes Centre Stage at the Refactory Digital Solutions Expo 2025
Refactory Academy hosted Uganda’s premier showcase of locally built technology at the Digital Solutions Expo 2025, under the powerful theme: “Tech Made in Uganda.”, at the National ICT Innovation Hub. The Digital Solutions Expo was designed as a platform to showcase industry-ready software products developed by Refactory apprentices (junior developers).
Uganda overtakes Ethiopia to become Africa’s top coffee exporter
Uganda has become Africa’s leading coffee exporter after overtaking Ethiopia for the first time in recent history, according to data released by the Ministry of Agriculture, Animal Industry and Fisheries. In May 2025 alone, Uganda exported 793,445 60-kilogram bags of coffee, equivalent to 47,606.7 metric tons, earning approximately USD 243
Mystery as Shs 192 Million Disappears from FINCA Bank
In the quiet hours before dawn, a well-orchestrated heist struck the FINCA Bank branch in Nakasongola, leaving behind more questions than answers and a vault lighter by over Shs 192 million. According to Sam Twiineamazima, spokesperson for the Savannah Regional Police, the thieves executed the robbery with chilling precision, escaping with Shs 192,587,800,
Central Banks Pivot to Gold as Confidence in Dollar Wavers
The global economic order is under strain, and public investors are responding. Just a year ago, central bank reserve managers overwhelmingly favored the U.S. dollar. Many were also prepared to take on more risk to boost returns. Today, that narrative has shifted: the dollar’s dominance is being questioned, and gold
