Stanbic Bets on Young Innovators as Schools Championship Enters 11th Edition
Stanbic Bank Uganda has rolled out the 11th edition of the National Schools Championship (NSC), a flagship youth programme designed to equip learners with practical skills in innovation, entrepreneurship, and financial literacy as a response to rising youth unemployment. Launched on Monday, the programme forms part of the bank’s corporate
Airport upgrade meets reality as immigration shift triggers delays at Entebbe
The government’s push to modernise operations at Entebbe International Airport has entered a critical phase, with Immigration Departures shifting to the new terminal extension—though not without early signs of strain on passenger flow. The Ministry of Internal Affairs confirmed that the Directorate of Citizenship and Immigration Control has begun relocating
Anite courts investor support as Uganda pursues $500b economic ambition
The State Minister for Finance in charge of Privatisation and Investment, Evelyn Anite, has renewed calls for public support toward foreign investors, as government intensifies efforts to drive Uganda toward a $500 billion economy. Speaking during a meeting with a delegation of Chinese investors led by Paul Zhang, Anite framed
Shilling holds steady amid subdued demand, external uncertainties persist
The Uganda shilling remained largely stable during the week, supported by improved investor sentiment following easing geopolitical tensions in the Middle East. Most corporates stayed on the sidelines as they prioritised shilling liquidity to meet mid-month tax obligations, limiting activity in the foreign exchange market. The local unit traded at
KCB Bank rolls out new push to unlock women-led businesses
KCB Bank Uganda has intensified efforts to support women entrepreneurs with the launch of a new initiative aimed at breaking growth barriers and unlocking the full potential of female-led enterprises. The Female-Led and Made Enterprises (FLME) proposition, unveiled at Sheraton Hotel Kampala, brings together financing, mentorship and market access into
Uganda woos Chinese investors with land, tax incentives and coffee opportunities
The government has stepped up efforts to attract Chinese investment by offering land, tax incentives and expanded opportunities in the coffee value chain and agro-industrial sector as part of a renewed push to accelerate industrialisation and export growth. The move was highlighted during a high-level engagement under the Uganda–China Coffee
Uganda bets on local internet traffic hub to slash costs and end ‘digital detours’
Uganda has launched a major shift in its digital infrastructure strategy with the rollout of the National Internet Protocol Exchange (NIPX), a system expected to keep internet traffic within the country, cut costs, and improve the speed of online services. The platform, developed under the National Information Technology Authority–Uganda (National
Strong Deposits, Asset Growth Power Absa Expansion Plans
Strong growth in deposits and assets has strengthened the Absa bank’s balance sheet, positioning it for an expansion drive amid rising demand for credit and digital financial services. Absa Bank Uganda posted a 25.1 per cent increase in profit after tax to Shs222 billion for 2025, underpinned by growth in
Court Slaps MTN Uganda With Shs 50M Penalty for trespass
The Court of Appeal has ordered MTN Uganda Limited to pay Shs 50 million in general damages for trespassing on the land of Ocur Odwe Julius Peter in Dokolo District. In 2012, MTN Uganda embarked on a project to extend telecommunications connectivity to Dokolo District. During the implementation of the
Pearl Bank Surges as Wendi Wallet Hits Ushs 240.5 Billion in Deposits
A quiet but meaningful shift is unfolding in Uganda’s financial sector, one that is beginning to redefine what a local bank can become. Pearl Bank’s results for the year ended December 2025 point to a strong growth story. Profit after tax rose by 34 percent to Shs 47.3 billion, customer
