Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the unique needs of affluent and business customers. The Infinite Card, a globally recognized ultra-premium debit or credit card, is the first smart, elegant, metallic card on the market. It is tailored for…
The banks of the Nile came alive with the first-ever Tusker Sauce of the Nile Fest this weekend. Held at the breathtaking Nile Park Resort in Jinja, this event fused Uganda’s rich cultural heritage with a dose of premium entertainment. As the sun dipped below the horizon of the Nile, the festival kicked off with…
Absa Bank Uganda has reaffirmed its commitment to nurturing Ugandan golf talent by sponsoring a team of ten players to compete in the esteemed 2025 Absa Magical Kenya Open. The golfers will participate in the Pro-Am event on February 19, ahead of the main four-day tournament running from February 19 to 23 at the renowned…
A life-changing moment unfolded in Mitoma District as Susan Kyokusiima, a hardworking farmer and bar owner, saw her fortunes turn around after winning UGX 50 million in the Uganda Breweries Laga Swagga Campaign. Susan, who initially joined the campaign with the simple hope of winning airtime, was left stunned when she emerged as the grand…
Uganda Breweries has today donated items worth UGX 30M to the Luzira Youth and Women community. The donation includes 400 plastic chairs, 10 tables, 2 portable mini-sound systems, and 4-fifty-seater tents which will serve as revenue-generating assets through hire towards community development initiatives. While handing over the items to the Youth and Women community in…
Uganda will construct its first climate-resilient market at the Elegu border crossing with South Sudan, backed by funding from the European Union (EU) and Denmark, officials announced on during the Uganda-EU Business Insights Conference in Kampala. The $220 million-a-year trade corridor, vital for Uganda’s exports to South Sudan, has faced repeated disruptions from flooding during…
President Yoweri Museveni has appointed Dr. Michael Atingi-Ego as the new governor of the Bank of Uganda, ending more than three years of uncertainty following the death of Emmanuel Tumusiime-Mutebile in January 2021. Atingi-Ego, who served as deputy governor, steps into the role permanently after speculation over the prolonged vacancy and absence of an acting…
A new report by Uganda’s Advocates Coalition for Development and Environment (ACODE) and U.S.-based Global Financial Integrity (GFI) has identified systemic weaknesses in Uganda’s mining regulations that enable illicit financial flows (IFFs), costing the country critical revenue and undermining governance of its mineral resources. Titled “Uganda’s Mining Legal Regime: Addressing Illicit Financial Flows Risks and…
East Africa Marine Transport has taken a significant step towards creating a more sustainable and efficient logistics solution for Lake Victoria with the commissioning of M.V. MPUNGU, the lake’s first scheduled roll-on / roll-off freight vessel. Offering faster and safer crossings and reduced carbon emissions, the fuel-efficient vessel is set to transform regional trade by…
Uganda has maintained its fourth-place ranking in the Absa Africa Financial Markets Index (AFMI), a position it has held for the past year. However, the country’s score has shown significant improvement since 2017, reflecting its progress in developing its financial markets. According to the index, Uganda’s score has increased to 63, driven by its strong…
