Farmers in Kween District have applauded Uganda Breweries for providing a ready market for barley which has boosted their household incomes, saying that this has improved their livelihoods. They said this during an interaction with officials from Uganda Breweries on Friday last week. Patrick Mangusho, a barley farmer on his ten acres in Kaplamai, Tuikat…
Absa Uganda, in partnership with the Kampala Hash House Harriers, has announced the third edition of the Absa KH3-7 Hills Run, slated for March 16, 2025. The announcement was made at the weekly hash run. The iconic 21-km race traverses the historic seven hills of Kampala—Kibuli, Nakasero, Old Kampala, Namirembe, Rubaga, Lubiri, and Nsambya—offering a…
The issuance of digital registration plates for private and public motor vehicles will begin on Monday (January 6). This will mark the third phase of Uganda’s Intelligent Transport Monitoring System (ITMS) project. The ITMS project, launched in November 2023, initially rolled out digital plates for government vehicles. In November 2024, the system was expanded to…
Ethiopia’s parliament on Tuesday approved legislation allowing foreign investment in the country’s banking sector. The law, first drafted in June, permits foreign ownership of Ethiopian banks but caps such stakes at 40%, according to a copy of the legislation reviewed by Reuters. The government hopes the move will attract foreign capital to one of Africa’s…
The Central Bank of Kenya (CBK) lowered its benchmark lending rate to 11.25% from 12.00% this week, signaling a shift to a more accommodative monetary policy to support economic growth amid slowing activity. The rate cut is aimed at reducing borrowing costs to boost credit uptake by businesses and consumers, the CBK said. Inflation remains…
This is a verbatim from the deputy governor at Bank of Uganda Micheal Atingi Ego. He made the remarks before journalists on the sidelines of the release of the Monetary Policy Briefing for December at the Bank of Uganda. I want to emphasise that the fact that investigations are still ongoing and I would not…
African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean cooking, a challenge impacting 1.2 billion people across Africa and leading to millions of premature deaths annually. “It is unacceptable that women are still dying because they lack…
The Bank of Uganda (BoU) has said it has initiated an investigation into two incidents of fraudulent activity that resulted in international payments being diverted from their intended recipients. The Daily Monitor reported that close to sh62b was reported stolen from the central bank by hackers, identifying themselves as “Waste” recently. The incident is said…
Equity Bank Uganda has announced the resignation of its managing director, Anthony Kituuka, effective November 28, 2024. Kituuka, who has served in various leadership capacities since joining the bank in 2014, exits after two years as managing director. He will remain with the institution during his notice period to ensure a seamless transition. In a…
