Equity Bank Uganda, in partnership with UKAID and the Ministry of Energy and Mineral Development, has launched affordable financing to support the adoption of electric cooking (eCooking) technologies across Uganda. The financing, known as the Modern Energy Cooking Services (MECS) Trust Fund, is intended to accelerate access to clean, efficient and modern cooking solutions for…
Absa Bank Uganda has today launched a new Retail and Business Banking campaign anchored on financial literacy, aimed at helping individuals and small businesses make smarter borrowing decisions and use credit as a tool for sustainable growth. The campaign responds to a broader insight across Uganda’s lending landscape; many Ugandans access credit without a clear…
When the hills above his home began to rumble in the night of 29th September 2025, Francis Mangusho of Tuikat Sub-county, Kweeni District, barely had time to react. His house, where he lived with his wife and two children, and the farm that sustained him and his family were wiped out by mudslides following heavy…
The Board of Directors of East African Breweries PLC (EABL) has today announced that Diageo PLC has agreed to sell its majority stake in EABL and its shareholding in the Kenyan spirits business, UDV (Kenya) Limited to Asahi Group Holdings (Asahi). This acquisition of EABL represents the first time a Japanese brewing major has made…
Absa Bank Uganda has today announced having achieved its commitment of planting one million trees ahead of the three-year time that was set when the programme commenced in February 2023. During the programme’s implementation, 340,590 trees were planted in 2023, and 372,641 trees were planted in 2024, and 568,086 trees were planted in 2025. This…
Absa Bank Uganda and Uganda Electricity Distribution Company Limited (UEDCL) have today announced the advancement of a five-year USD 50million, landmark financing facility to the electricity distributor to strengthen national power distribution. This landmark transaction marks a defining moment for Uganda’s energy sector, and the facility is UEDCL’s inaugural debt financing. The facility will enable…
Absa Bank Uganda has today launched three innovative digital payment solutions namely the Absa Multi-Currency Virtual Card, Absa Pay, and Absa Pay by Link, all designed to make banking more convenient, secure, and accessible for individuals and businesses. The Absa Multi-Currency Virtual Card enables users to hold and manage up to five currencies including Uganda…
Nova Microfinance, a provider of inclusive financial services, has teamed up with Simba Automotives Limited, one of Uganda’s largest motorbike companies to increase access to both fuel-powered and electric motorcycles for individuals, companies, and business owners across their 65 distribution points in the country. Under this partnership, Nova Microfinance will offer flexible financing and repayment…
Absa Bank Uganda, in partnership with Junior Achievement (JA) Uganda, today flagged off the student team from Aga Khan High School, the reigning national winners of the Company of the Year (COY) competition. The students will represent Uganda at the JA Africa Regional Competition in Abuja, Nigeria, running from December 3 to 5, 2025. The…
President Yoweri Kaguta Museveni on Thursday, 20th, November ,2025, commissioned a USD50 million cassava starch processing plant in Namasagali, Kamuli District, marking a major milestone in Uganda’s push toward industrialization and pharmaceutical self-reliance. The facility, spearheaded by Ugandan scientist and entrepreneur Dr. Matthias Magoola under Dei BioPharma Ltd., forms the first phase of what is…
