Quality Chemicals Secures USD 36 Million Facility to Expand Production of Life-Saving Medicine
Quality Chemical Industries Limited (Qcil) has secured a USD 36 million (UGX 133 billion) debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. This new facility will not only increase production capacity for Qcil’s existing portfolio, but also enable the company to expand into new therapeutic areas,
IFC Invests in Immersive Content Platform VUZ to Support Jobs and Incomes
In a move to strengthen jobs and incomes for young creatives, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $5 million into VUZ as part of its $12M Pre-Series C. Launched by a Jordanian founder, VUZ is an immersive content platform that creates, distributes
Afreximbank reports strong performance in line with expectations
African Export-Import Bank (Afreximbank) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025. Financial Highlights Afreximbank Group delivered satisfactory financial performance for the first quarter of 2025, meeting expectations with solid profitability, strengthened liquidity and a resilient capital base. This
UBL, Foreign Affairs Sign Deal to Drive Export Growth and Local Manufacturing
Uganda Breweries Limited (UBL) has signed a five-year Memorandum of Understanding (MoU) with the Ministry of Foreign Affairs to supply Ugandan diplomatic missions abroad with iconic local products, including Uganda Waragi. This initiative aligns with the government’s agenda for national socio-economic transformation by promoting export trade and supporting local production through
AfDB’s Adesina Warns of Economic Shockwaves from U.S. Tariffs, Calls for Strategic Global Engagement
As the United States imposes higher tariffs with global ramifications, African Development Bank Group President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. In an exclusive interview with CNN’s Christiane Amanpour, Dr
Oracle and Infobip Enhance Partnership to Deliver Global Conversational Experiences
Global cloud communications platform Infobip announced that it has enhanced its partnership with Oracle to bring conversational experiences to businesses and brands globally. The new integration enables Infobip and Oracle customers and partners to access Infobip’s omnichannel services through Oracle Integration. Customers increasingly expect omnichannel communications, but integrating and managing
Victoria University Strengthens International Ties at UK-Uganda Business Forum
Yesterday, Prof. Lawrence Muganga, Vice Chancellor of Victoria University, represented the institution at the UK-Uganda Trade and Business Forum in London. The forum took place amid strengthening trade and tourism ties between Uganda and the United Kingdom. According to the British High Commission in Kampala, total trade between the two
Coca-Cola Beverages, KiBO Foundation Partner to Empower Women Entrepreneurs
More than 1,000 women from the Kampala metropolitan area have received training to enhance their employability and entrepreneurial skills through a partnership between Coca-Cola Beverages Uganda (CCBU) and the KiBO Foundation. The initiative, dubbed “Women Arise,” is a skills development program focused on entrepreneurship, financial inclusion, and business leadership. The
New Mortgage Model Could Close Uganda’s 2.4M Housing Unit Deficit
For many working Ugandans, owning a decent home remains a distant dream. Soaring construction costs, high interest rates, and a complex mortgage process have left most lower-middle-class earners locked out of the property ladder. Despite over 60% of Uganda’s urban population residing in informal settlements, the journey to homeownership remains
Uganda Airlines Inaugurates Direct London Gatwick Service
Uganda Airlines has launched direct flights between Entebbe International Airport and London Gatwick Airport (LGW), marking a significant milestone in the national carrier’s international expansion strategy and strengthening growing connectivity between Uganda and the United Kingdom. This London route follows the recent triple launch of destinations in Abuja, Lusaka, and
