Gov’t to write off Shs 35bn tea factory tax arrears
The government is set to write off more than Shs35 billion in tax arrears owed by tea factories as part of efforts to revive Uganda’s struggling tea industry, Deputy Speaker of Parliament Thomas Tayebwa has said. Tayebwa said the tax waiver will be effected when Parliament resumes from recess, following
Ugandan girls eye USD 6,000 prize after GirlCode hackathon win
Four young Ugandan women are eyeing a USD 6,000 (about Shs21.5 million) prize after their technology innovation emerged the overall winner of the second edition of the GirlCode Uganda Hackathon. The team, HerTECH, comprising Boonabaana Bronia, Nabaloga Sanyu Eleanor, Muteesasira Tendo Shamma and Akatukunda Precious Praise, will now represent Uganda
UBA ordered to pay Shs128m after impostor drains compensation account
A man expecting US$30,000 in compensation for injuries suffered while working in Afghanistan instead discovered that his money had been withdrawn by an impostor using a bank account opened in his own name. The High Court in Mbale has now ordered United Bank for Africa (UBA) Uganda Limited to pay
Stanbic Unveils Revamped Kalangala Branch to Boost Island Banking
Stanbic Bank Uganda has unveiled its newly refurbished Kalangala branch, combining a celebration of its 35th anniversary with a strong pledge to deepen financial inclusion across the Ssese Islands. The modernization project transformed both the interior and exterior of the facility, introducing state-of-the-art equipment designed to streamline operations and elevate the
KCB Puts Sustainable Housing and Green Finance at the Heart of Urbanisation Forum & Homes Expo 2026
KCB Bank Uganda has reaffirmed its commitment to sustainable urban development through its participation in the Urbanisation Forum & Homes Expo 2026, where it showcased practical financing solutions designed to help Ugandans own homes, businesses invest in property, and communities transition towards more sustainable ways of living and building. The
Govt: Private Capital Key to Financing Agricultural Transformation
The government has called for stronger collaboration between the public and private sectors to unlock financing for agricultural transformation, saying government alone cannot finance the sector’s growth. State Minister for Agriculture, Animal Industry and Fisheries, Dr Bright Rwamirama Kanyontore, said agricultural transformation requires connecting productive agricultural businesses to appropriate technology,
Little reaffirms commitment to keeping Uganda moving
Ride hailing company Little has reaffirmed its commitment to providing reliable, convenient and accessible transport services as Uganda’s mobility needs continue to grow and evolve. The company says its focus is on making everyday journeys easier for people who depend on reliable transport to get to work, attend meetings, travel
Shilling holds steady despite dollar demand
The Uganda shilling remained broadly stable against the US dollar this week, trading within a narrow range despite sustained demand from corporates and the interbank market. The shilling opened on Monday at Shs3,770/3,780 against the dollar before closing the week marginally weaker at Shs3,775/3,785. The currency initially depreciated to Shs3,780/3,790
Pearl Bank loan book hits Shs 1 trillion
Pearl Bank has crossed the Shs 1 trillion mark in its loan book, up from Shs 749 billion recorded at the end of December 2025. The milestone is a major boost for the bank’s 2024–2028 strategy, which aims to double market share and drive financial inclusion across Uganda. Agriculture and
Starlink enters Uganda’s enterprise market
Starlink satellite internet has entered Uganda’s enterprise market following a partnership between Roke Telkom and Paratus Uganda Ltd, the authorised Starlink reseller in the country. The partnership is expected to provide businesses and institutions with an alternative source of high-speed, low-latency internet, particularly in areas where conventional fibre and wireless
