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…
By Immaculate Namanda With a population of 45.9 million, Uganda has experienced significant growth in the adoption of digital financial services. Approximately 20 million people now engage in mobile money transactions nationwide, a clear indication of the growing shift toward financial technology. This adoption also prompted banks to expand their agent networks to tap into…
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…
By Kenneth Kawuki The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organizations. It is key to note that the procurement function in companies accounts for about 60% of the approved organisational budgets. Previously, the procurement function primarily revolved around negotiating the…
Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc has announced the appointment of Gift Shoko as Managing Director. Mr. Shoko is a seasoned banker with over 26 years of experience in the banking industry. He has a rich background in commercial multi-regional banking and leadership across Southern and Eastern Africa. Prior to his…
Absa Bank has unveiled ‘It’s your turn. Jooga 2025 with Absa’, a campaign offering a number of financial services to both individuals and businesses to empower them to achieve their 2025 goals. Speaking at the campaign unveiling at Absa Bank Uganda’s head office in Kampala, Absa’s Ag. Retail and Business Banking Director Ronald Kamulegeya said…
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…
By Steven Mwesige A flurry of incidents in the news of cybersecurity breaches in recent weeks are a cause for concern, but a better understanding of cybersecurity need not be our new reality. In the old days, when transacting with your bank it was mostly face-to-face transactions. You would walk into the bank, line up…
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…
