Airtel, SpaceX Test Starlink Mobile Data and Messaging
Airtel Africa, in partnership with SpaceX, has successfully completed testing of data and messaging services via Starlink Mobile in Kenya, a major step toward delivering satellite-to-mobile connectivity to millions across Airtel Africa’s 14 markets. The tests were conducted in areas with no terrestrial mobile coverage. In these locations, Starlink Mobile
The Endless Fraud at Equity Bank
Despite its mission to provide inclusive financial services and expand wealth-creation opportunities across Africa, Equity Bank has repeatedly been hit by fraud scandals across its major markets, including Kenya, Uganda, and Rwanda. The bank also operates in South Sudan, the Democratic Republic of Congo (DRC), and Tanzania. Each incident tends
MTN Backs 25 Community Projects with Shs 500 Million in Changemakers Initiative
MTN Uganda has unveiled 25 community projects set to benefit from a Shs500 million funding boost under the third phase of its Changemakers initiative, reinforcing its commitment to grassroots development across the country. Through the MTN Foundation, each selected project will receive up to Shs20 million to support initiatives in
High-Quality Coffee Key to Unlocking Global Markets, Say Experts
With coffee exports contributing Shs 8.2 trillion to Uganda’s GDP, stakeholders are calling on farmers to step up and produce high-quality coffee that meets international standards, ensuring better prices in global markets. The call came from Kenneth Barigye, CEO of MT Harvest Coffee and Vice Chairman of the newly formed
Who are the Six Ugandans implicated in Shs 12.5Bn Equity Bank Rwanda fraud
Buganda Road Chief Magistrate has charged six Ugandans implicated in a Shs 12.6 billion (Rwf 4.9 billion) cyber fraud at Equity Bank Rwanda. Appearing before Magistrate Ritah Naumbe Kidasa, the six were charged with electronic fraud and remanded pending investigations, as the court peruses their bail applications. The suspects are
Global Energy Crisis Deepens Beyond 1970s Oil Shocks, IEA Chief Warns
The world is grappling with an energy crisis more severe than the oil shocks of the 1970s, the head of the International Energy Agency has warned, as mounting supply disruptions rattle global markets and raise fears of economic fallout. IEA Executive Director Fatih Birol described the situation as “very severe,”
Prudential, Airtel Partner to Streamline Insurance Premium Payments
Prudential Uganda has rolled out a new digital payment option that allows customers to pay life insurance premiums instantly through Airtel Money, marking a step forward in simplifying access to financial protection. The solution, developed in partnership with NxtPe, enables customers to make seamless payments directly from their mobile money
Stanbic to Pay Shs 360 Billion Dividend on Back of Strong 2025 Results
Stanbic Uganda Holdings Limited has announced a Shs360 billion dividend payout to shareholders following a strong financial performance for the year ended December 31, 2025, highlighting the Group’s solid growth trajectory and resilient business model. The results mark a pivotal leadership moment, with outgoing Franchise Chief Executive Francis Karuhanga closing
Stanbic Posts Record Shs591 Billion Profit as Deposits and Lending Surge
Stanbic Uganda Holdings Limited has delivered a standout financial performance for the year ended December 2025, posting a profit after tax of Shs 591 billion in a result that underscores its growing dominance and strategic momentum in Uganda’s banking industry. The Group’s total revenue climbed to Shs1.44 trillion, powered by
dfcu, Meta Plant & Equipment Partner to Accelerate Agricultural Mechanisation in Uganda
dfcu Bank has announced a strategic partnership with Meta Plant & Equipment Uganda Limited aimed at expanding access to asset financing and accelerating agricultural mechanisation across the country. The collaboration merges dfcu’s financing expertise with Meta’s established position as a leading supplier of agricultural and construction machinery in East and
