Pearl Bank bolsters leadership with legal, cybersecurity appointments
Pearl Bank has strengthened its senior leadership team with the appointment of Dorcas Kiwemba Balimukuubo as Chief Legal Officer and Company Secretary and Steven Mwesige as Chief Information Security Officer. The appointments bring more than 14 years of legal and financial services experience and more than 15 years of experience
Could blockchain open new funding channels for Ugandan businesses?
For Ugandan businesses struggling to secure affordable capital, the search for financing is increasingly moving beyond commercial banks and traditional investors. One emerging possibility is the use of fintech, blockchain and digital assets to connect businesses with new pools of capital, although questions around regulation, investor protection and the viability
Archbishop Kiwanuka Empowerment Centre gets Shs 30 Million Boost from dfcu Bank
dfcu Bank has contributed Shs 30 million towards the completion of the Archbishop Kiwanuka Empowerment Centre in Kitovu, reaffirming its commitment to supporting institutions that empower communities, develop practical skills, expand economic opportunity and contribute to Uganda’s long-term socio-economic development. The contribution was announced during a fundraising dinner held at the
UEDCL invests Shs240m to improve power supply in Butebo
Residents, businesses and public institutions in Butebo District are set to benefit from improved electricity supply following the commissioning of power distribution projects worth more than Shs240 million. The projects, implemented by the Uganda Electricity Distribution Company Limited (UEDCL), include the extension of the electricity distribution network to Petete Primary
MPs verify digital plates can track vehicles
Members of Parliament’s Committee on Physical Infrastructure have verified that Uganda’s Digital Number Plate System can track vehicles and provide their live location, following concerns over the effectiveness of the system’s security component. The committee, chaired by Mwine Mpaka, visited the Police Command Centre at Naguru yesterday to witness how
Wagagai invests $1m in Alupe school, pledges long-term Busia support
Wagagai Mining (U) Limited has handed over a newly constructed primary school in Busia District, pledging continued investment in education and other community projects beyond its gold mining operations. The company on Friday officially inaugurated Alupe Primary School in Alupe Village, Mawero Parish, Buteba Subcounty, following the completion of the
dfcu, CFAO partner to ease access to new Toyota vehicles
dfcu Bank has partnered with CFAO Mobility Uganda to offer financing of up to 100 per cent of vehicle value to customers seeking to acquire new Toyota vehicles, in a move aimed at easing the high upfront cost of vehicle ownership. The partnership, announced during the launch of the new
Shilling under pressure as dollar demand rise
The Uganda shilling came under renewed pressure last week as strong dollar demand from offshore investors and large corporate importers outweighed intermittent foreign-currency inflows, according to Absa Bank Uganda. The local currency opened the week strongly, appreciating from Shs3,930/3,940 to Shs3,895/3,905 against the US dollar as subdued hard-currency demand and
JamboJet returns to Entebbe as Uganda’s aviation sector expands
Kenyan low-cost airline JamboJet has returned to Uganda with a daily direct Nairobi-Entebbe service, eight years after it first opened the route. The airline’s return flight touched down at Entebbe International Airport at 11:15am on Thursday, October 1, 2026, where it was received with a water salute in a ceremony
FITSPA conference to focus on fintech scale and sustainability
Uganda’s fintech industry is entering a new phase focused on scaling businesses, improving sustainability and creating long-term economic value after years of rapid innovation and market expansion. The shift will be at the centre of discussions at the eighth FITSPA Annual Fintech Conference 2026, scheduled for October 6 and 7
