The Minister of State in charge of Industry at the Ministry of Trade, Industry and Cooperatives, David Bahati, has asked commercial institutions to establish innovative financing solutions for manufacturing sector, in a bid to boost its growth. This, he said while officiating the Uganda Manufacturers Association (UMA) 2nd Financial Symposium at Lugogo on 10th June…
PostBank Uganda, whose purpose is to foster prosperity for Ugandans, has today held its 2024 Annual General Meeting (AGM) at the Ministry of Finance, Planning and Economic Development (MoFPED) offices in Kampala, where its performance was commended by the shareholders, highlighting the banks solid performance and being among the most profitable Government entities after posting…
For the past few days, some Ugandans have noticed a slight rise in petrol prices at the pumps. At Shell and Total outlets, a litre of petrol has increased to between5050 to sh5090 and increase from about 4050 on average. The Uganda National Oil Company (UNOC) says this is due to temporary logistical issues affecting…
PostBank Uganda has once again demonstrated its leadership in agricultural and small business finance by securing five awards at the Bank of Uganda’s Agriculture Credit Facility (ACF) and Small Business Recovery Fund (SBRF) awards, including two prestigious Best Overall Performing Commercial Bank for ACF and SBRF, three additional awards, and eight certificates in first and…
Absa Bank Uganda has announced the launch of a new customer campaign, Play Your Cards Right, which will reward 14 lucky winners with cash prizes totaling UGX200 million. Running from June to August 2025, the campaign is open to all Absa debit and credit cardholders, both personal and business, local and foreign. To participate, customers…
Kampala, Uganda – Standard Chartered Bank successfully hosted a high-level Uganda Investment Dialogue focused on Cross-Border trade as catalyst for 10X Growth Strategy. Held under the theme: “Cross-Border Trade – Connecting Your Ambitions to Global Possibilities,” the dialogue brought together over 100 influential stakeholders including government officials, private sector leaders, policy makers, regulators, development partners…
The sale of traditional alcoholic fermented beverages (artisanal) commonly known as Malwa, Kwen, Kasese, Arege grew by 2% from 69% in 2020 to 71% in 2024, according to a custom research report released today by the Alcohol Industry Association of Uganda. The Report, “Understanding illicit alcohol market in Uganda,” researched and compiled by renowned international…
In a bid to promote local investments and expand markets for the small and medium enterprises, Equity Bank has organized a two-day trade mission bringing over 40 foreign investors from across Africa and beyond to explore trade and investment opportunities in Uganda. The investors arrived in Uganda Wednesday evening, having been in Tanzania for a…
Uganda Breweries Limited (UBL), the leading manufacture of alcoholic beverages in Uganda has today signed a 5-year MoU with the Ministry of Foreign Affairs to supply Ugandan Missions abroad with Uganda’s iconic gin, Uganda Waragi and other locally made products. This is in line with the government and Ministry’s agenda on national socio-economic transformation to…
Cwinyaai lit up the UGC Kitante course with a record-equalling 63 strokes on day one—featuring an incredible nine birdies. He carried that momentum through the tournament, posting a total score of 200 over 54 holes, 16 under par, to comfortably win the Gross (amateur) category. This victory marked his third straight title and saw him…
