Uber is winding down its Uganda operations with immediate effect from September 2, ending a decade long presence. The ride hailing giant joined the market in 2016. The company says the move follows a “thorough review” of its African investment priorities and is limited to Nigeria and Uganda. It insists the rest of its Sub-Saharan…
For 20 years, Steven Dralada Nzima worked as a security guard in Kampala, including at Equity Bank Uganda offices. Today, he is running a commercial farm in Adjumani District, growing crops, keeping livestock and managing forestry, while providing jobs for people in his community. The journey has been gradual. Steven started with a modest salary,…
President Yoweri Museveni has officially named Uganda’s crude oil Pearl Sweet Petroleum during a ceremony at the Kingfisher Development Area in Kikuube District on September 2. The branding gives the country’s waxy, low sulphur crude a commercial identity ahead of expected first production later this year and its entry onto international markets. The name draws…
The executive leadership of the bank and the VURRA SS school administration pose for a photo after a strategic engagement in Arua district Set against the vibrant landscape of Arua in West Nile, Vurra Secondary School is expanding to keep pace with a rapidly growing student population. School leaders are racing to add classrooms and…
Cabinet has formally approved the use of the National Identification Number (NIN), issued by the National Identification and Registration Authority (NIRA), as the Tax Identification Number (TIN) for taxpayers. The decision, taken at the Cabinet meeting on 31 August 2026 at State House Entebbe, was announced on 1 September by Information and Communications Technology and…
Stanbic Bank Uganda staff members led Sam Bulenzi (R) Stanbic Bank Head of Coverage pose for a group photo during the launch in Kampala Stanbic Bank Uganda has launched ‘Stay Switched On’, a new anti-fraud awareness campaign aimed at equipping customers with the knowledge and tools needed to protect themselves against the growing threat of…
Housing Finance Bank has appointed Dorothy Namutebi as its new Head of Mortgage and Consumer Banking. Namutebi joins the role with more than 22 years of experience in the banking industry, having worked across mortgage banking, retail banking and sustainability. She will lead the Bank’s mortgage and consumer banking business, with responsibility for driving growth,…
Equity Bank Uganda and Guru Nanak Oil Mills (U) Limited are stepping up efforts to reduce the use of cash in Uganda’s grain trade, beginning with aggregators who handle large payments between farmers, traders and processors. The move is intended to address the security risks that come with moving large amounts of physical cash from…
Uganda’s latest Treasury bond auction attracted more than Sh1 trillion in accepted bids, with investors showing particularly strong appetite for the five-year government security. The Bank of Uganda offered Sh990 billion through the reopening of three Treasury bonds; a two-year, five-year and 15-year paper at an auction held on August 26. By the close of…
While transaction volumes increased by just over a third, the value of transactions grew much faster, rising from Shs25 trillion to Shs41.3 trillion. The value of transactions processed through Uganda’s agent banking network rose by 65.2 per cent to Shs41.3 trillion in the year to March 2026, reflecting the growing use of agents for deposits,…
