Back in the 1990s, Uganda adopted several reforms. One of them was creation of semiautonomous agencies. The architects of these (largely donor-driven) reforms promised enhanced efficiency and State capacity to deliver services when bureaucracy in the mainstream ministries is sidestepped. Three decades later, evidence showed that instead, the reforms had fragmented government, increased the cost…
Mr. Paul Muhame, Chairman of the Insurance Brokers Association Uganda (IBAU), has been appointed as the President of the East Africa Insurance Brokers Association (EAIBA) for the year 2025. This prestigious role highlights Mr. Muhame’s significant contributions to the insurance industry and his commitment to advancing best practices across East Africa. With over 20 years…
Friday, 04th October 2024- Kampala, Uganda: MTN Uganda Limited informs its shareholders and the public that Mr. Somdev Sen will cease to be the Chief Marketing Officer of the company effective October 11th 2024, following the end of his tenure. During his seven (7) years of service, Mr. Sen has been a transformative leader at…
PostBank in partnership with MTN Mobile Money (MTN MoMo) have launched Xtracash, a digital Micro Lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This initiative is poised to provide approximately 13 million mobile wallet holders in the country with convenient access to financial assistance. XtraCash will be accessible…
BY Musinguzi Bob Mugisha The Uganda Securities Exchange (USE) launched a groundbreaking electronic purchasing platform for treasury bills and bonds on October 25, 2024, as part of the World Investor Week under the theme “Tech-Enabled Financial Inclusion: Bringing Sustainable Finance and Investment Opportunities to Everyone.” Accessible at www.scd.use.or.ug, this platform allows investors to directly purchase…
Uganda’s premier platform for recognizing excellence in financial leadership is back with its 8th edition of the ACCA and Deloitte Uganda Chief Financial Officer (CFO) Awards. This prestigious event focuses on celebrating outstanding financial leaders who have made significant contributions to their organizations and the economy. Charlotte Kukunda, Country Manager ACCA Uganda noted that the…
Citi has announced a EUR 126 million loan to the Government of the Republic of Uganda to fund the design and build of the Lusalira to Sembabule road project in Uganda. Citi acted as sole coordinating Mandated Lead Arranger and a lender. The financing was supported by African Trade and Investment Development Insurance (ATIDI) and…
The Citi Foundation has announced the 50 community organizations around the world that are set to each receive $500,000 in catalytic funding as part of the 2024 Global Innovation Challenge. This year, Citi Foundation’s Global Innovation Challenge sought applications providing sustainable solutions to addressing homelessness. Habitat for Humanity was announced as the grant recipient in…
As we celebrate World Earth Day, it is imperative to reflect on our collective responsibility towards safeguarding our planet for future generations. This day serves as a poignant reminder of the urgent need to address pressing environmental issues and transition towards sustainable solutions. At Kiira Motors, we recognize the pivotal role of green mobility in…
By Wilson Manishimwe Data from the Office of Auditor General’s report indicates that domestic arrears increased from UGX 4.65Trillion in 2021 to UGX 7.55Trillion in 2022, and they keep on accumulating, despite the Finance Ministry’s Strategy to address them. Domestic arrears are generally defined as financial obligations of the Government that remain unpaid beyond the…
