UEDCL Records Shs1.71 Trillion Revenue After Power Distribution Takeover
Uganda Electricity Distribution Company Limited (UEDCL) has reported a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators. The performance comes a year after government repossessed the electricity distribution
KCB Bank Strengthens Uganda–China Trade Links with High-Level Investor Dinner
As Chinese investors tighten their grip on Uganda’s industrial landscape, accounting for 27.5 percent of investments and a projected US$1 billion pipeline KCB Bank Uganda is steadily positioning itself as a key facilitator of this deepening economic partnership. In a deliberate move to reinforce these ties, the bank last week
Court Orders Equity Bank to Pay Shs126.8m Over Botched Trade Deal
The Commercial Division of the High Court has ordered Equity Bank to pay Shs126.8 million to Sanstar Bio-Polymers Limited for negligently releasing shipping documents without securing payment in a failed international trade transaction. The dispute stems from a 2016 deal in which Mukwano Industrial Suppliers Limited ordered 72 metric tonnes
Future business leaders begin careers at Coca-Cola Beverages Uganda
Coca-Cola Beverages Uganda (CCBU), part of the Coca-Cola Beverages Africa (CCBA) group, has welcomed ten emerging Ugandan leaders into the CCBA Ascend Leaders in Training Programme, an 18-month accelerated leadership initiative designed to develop Africa’s next generation of business leaders. Running from March 2026 to August 2027, the programme brings
SBG Securities Rolls Out Dollar-Denominated Fund as Investors Seek Stability
SBG Securities Uganda has introduced a USD Fixed Income Unit Trust Fund, widening its investment portfolio and giving clients a new hedge against currency volatility amid global economic uncertainty. The new dollar-denominated option complements the firm’s existing Uganda Shilling (UGX) unit trust, offering investors greater flexibility to diversify across currencies
Gov’t Backs Coffee Value Addition at Africa Coffee Park
The Minister of State for Finance, Planning and Economic Development (General Duties), Henry Musasizi, has reaffirmed the Government’s commitment to agro-industrialisation and coffee value addition in Uganda. Speaking during his visit to the Africa Coffee Park in Ntungamo, Musasizi assessed progress on construction works and evaluated the implementation of coffee
NCBA Reports Shs 660 Billion Profit, Announces Five-Year Growth Plan
NCBA Group PLC has posted a 7% increase in net profit to KES 23.4 billion (about UGX 660 billion) for the year ended 2025, driven by stronger asset growth, improved margins, and a surge in digital lending. The lender’s results show profit before tax grew 10.9% to KES 27.9 billion
Mukono Skills Group Gets Shs 20m Equipment Boost Under Changemakers Initiative
A skills development group in Mukono District has received confectionery equipment worth Shs 20 million to enhance vocational training and boost community livelihoods. The support, which includes electric mixers and stainless-steel working tables, was extended to Nyenje Voice Saving Association to strengthen baking training and expand income-generating opportunities for its
Uganda Baati expands footprint with Kamuli showroom
Uganda Baati Limited has expanded its presence in Eastern Uganda with the launch of a new showroom in Kamuli district, as part of efforts to bring roofing and building solutions closer to fast-growing communities. The facility, located along Kitimbo Road, becomes the company’s 20th showroom nationwide and is expected to
How Unlawful Dismissal Cost Airtel Shs 254.6 Million
The Industrial Court has awarded Shs31 million in general damages to Peter Katongole for unlawful dismissal by Airtel Uganda Limited, bringing to a close a long-running labour dispute. Katongole, a long-serving employee who worked with Airtel Uganda for 13 years, was earlier found to have been unfairly and unlawfully dismissed
