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…
Mastercard Inc opened its first office in Uganda’s capital Kampala, expanding its East African footprint as part of efforts to drive financial inclusion and digital payment adoption in the region, the company said. The move comes as Uganda’s economy is projected to grow 6.2% annually through 2025, according to government estimates. Mastercard said its local…
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…
BY DAVID WANDERA The concept of New Year, New Me” is probably as old as calendars, but be-coming a new version of yourself can be a little more complex than the mantra makes it out to sound. The in-stinct is to hit the ground running with as many objectives and targets as possible, but if…
By Dean Hack, Director for Coverage, Resources & Energy, Absa Securities United Kingdom, and Chetan Jeeva, Head of SA Corporate Lending at Absa CIB The world is rewriting its rulebook. It’s no longer just about what you produce but how you produce it. For resource-rich regions like Africa, the implications are profound: the value of…
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…
