Standard Chartered and the Government of Uganda today signed a financing agreement for the upgrade of Kitgum-Kidepo Road, in a move that will strengthen connectivity, support regional trade and unlock tourism potential in North and North-Eastern Uganda. The agreement was signed at the Ministry of Finance, Planning and Economic Development in Kampala. The ceremony brought…
The National Lotteries and Gaming Regulatory Board (NLGRB) is managing the cessation of National Lottery operations by ITHUBA Uganda Limited under its statutory and regulatory mandate and in accordance with the applicable licence and concession framework. NLGRB has been engaging with ITHUBA Uganda Limited regarding its financial and operational position and received formal notification that…
The Uganda shilling traded on a stable footing today, with balanced demand and supply conditions keeping the market largely unchanged, according to Wednesday’s Absa Market Report. Market participants remained focused on the first government bond issuance of the new fiscal year. The currency opened and closed at 3660/3670. In the money markets, liquidity conditions remained…
The Uganda shilling was unchanged against the dollar in a quiet trading session, with market activity remaining subdued as corporate participants focused on meeting fiscal year-end tax obligations. This is according to Absa Bank’s Tuesday Market report. The market activity kept most players on the sidelines, resulting in limited market flows. The pair opened…
Matovu Muhudi, the founder of Elsmart conservation technologies When Matovu Muhudi watched his mother struggle with Chronic Obstructive Pulmonary Disease (COPD) after years of cooking over smoky traditional stoves, he saw more than a family tragedy. He saw a public health crisis affecting millions of Ugandans. Rather than continue treating the symptoms as a medical…
Emmanuel Bassa, the director of Enersave Enterprises Limited showcasing some of the solar technologies offered by the company Less than two years after its establishment, Enersave Enterprises Limited has transformed from a fledgling clean energy business into one of Uganda’s emerging players in the clean cooking sector, earning recognition as a hub under the Uganda…
MTN Uganda Chairman Charles Mbire (centre) poses for a photo with Stanbic Uganda Holdings leaders Sam Mwogeza, Grace Semakula and Catherine Poran during the inaugural Investor Day Forum held in Kampala. Courtesy photo Business leader Charles Mbire has set a powerful tone for Uganda’s investment community, telling participants at the inaugural SBG Securities Investor Day…
Osward Kakande showing one of the production machines used to make the stoves When Osward Kakande watched his mother struggle with persistent coughs and headaches caused by smoke from traditional cooking stoves, he never imagined that her suffering would inspire a business now valued at more than Shs450 million. Today, the founder and director of…
Centenary Bank, a member of Centenary Group, launched GonzaPay, a secure, bank-backed digital wallet. Developed by Centenary Technology Services (Cente-Tech), the Group’s technology subsidiary, together with technology partner Drakma Limited, GonzaPay was unveiled at Next Media Park, Naguru. The platform is designed to bridge the gap between Uganda’s cash-heavy economy and modern digital finance, and…
Dennis Marsha Kabuuka, Manager Livelhoods, NSSFÂ (3rd right) shares a light moment with members from the Omoro community who won themselves NSSF merchandise during the Smartlife Activations held in Omoro. Courtesy photo For years, retirement savings have seemed out of reach for many Ugandans working in the informal sector. But that is changing as the…
