September 24
Uganda: NSSF Reports 15 Percent Surge in Earnings to Shs 2.5 Trillion
Uganda's National Social Security Fund (NSSF) saw its earnings rise by 15% to Shs 2.53 trillion for the financial year ending June 30, 2024, driven by gains across its investment… Read more »
Uganda: Equity Bank Unveils Digital Savings Options to Boost Financial Inclusion
Equity Bank has unveiled a range of new digital savings products designed to help customers save seamlessly, grow their money and reach their financial goals with greater ease. Read more »
September 23
Eswatini: Kenyan-Built Fintech Breaks Traditional Banks' Stronghold in Eswatini
A Nairobi-designed digital wallet service is nipping at the heels of Eswatini's mainstream banks and telcos, proving that African expansion can be a gainful strategy for Fintech… Read more »
September 16
Africa: Africa and the Curse of Foreign Ideas
My friends and I have been engaged in a debate about the role of Foreign Direct Investment (FDI) in development. There is widespread belief that development requires FDI. Foreign… Read more »
September 15
Uganda: Overcoming Ignorance, Greed, and Selfishness in African Development
Across Africa and its diaspora, ignorance, greed, and selfishness are often cited as the core obstacles to development. These traits, reinforced by historical and systemic… Read more »
September 09
Africa: President Kagame Hails AGRA for Ensuring Africa Projects a Clear Voice On Future of Food Systems
Rwanda President Paul Kagame has commended the Alliance for a Green Revolution in Africa (AGRA), under the leadership of former Ethiopian PM Hailemariam Dessalegn as Board Chair… Read more »
September 06
Uganda: Old Mutual Investment Chairman Sees More Ugandans Embracing Financial Services
Uganda's economy stands to benefit from more Ugandans increasingly embracing financial services according to Old Mutual Investment Group (OMIG) Chairman, Samuel Ssejjaaka. Read more »
Uganda: Allen Kagina Reaffirms Unra's Commitment to Adhering to ESG Standards
Allen Kagina, the executive director of the Uganda National Roads Authority (UNRA), reaffirmed the agency's commitment to implementing Environmental, Social, and Governance (ESG)… Read more »
September 05
Kenya: Starlink to Expand to Uganda, Kenya, and Burundi
Starlink, the satellite internet service by Elon Musk's SpaceX, is set to expand its high-speed internet offerings to Uganda, Kenya, and Burundi. The service aims to bridge the… Read more »
August 27
Uganda: Uganda Drills 72 Wells Ahead of Oil Production
Uganda's oil sector is advancing significantly with 72 out of 457 wells drilled at the Tilenga and Kingfisher oil projects as TotalEnergies and CNOOC Uganda Limited push towards… Read more »
August 21
Uganda: Grant of Tax Waiver to Companies Queried
Legislators on the Committee of Finance have questioned the manner and criteria the Uganda Revenue Authority (URA)is using to extend tax waivers to companies and individuals. Read more »
August 14
Uganda: Parliament Declines to Proceed With Alcohol Control Bill
Parliament has rejected the Alcohol Control Bill, 2023 that sought to regulate the purchase, sell and consumption of alcohol. Read more »
August 13
Uganda: UK and Uganda Unveil £5 Million Clean Cooking Initiative
The UK, in partnership with Uganda's Ministry of Energy and Mineral Development, has unveiled a £5 million clean cooking programme designed to revolutionize cooking… Read more »
Uganda: MTN to Pay Shs 147.8bn As Interim Dividend
MTN Uganda is set to pay shareholders an interim dividend of Shs 6.6 per share, amounting to Shs 147.8 billion, following a strong financial performance in the first half of 2024. Read more »
August 01
Uganda: Corruption in Uganda - a Catalyst for Increased National Debt
Corruption is a major obstacle to Uganda's development, impacting governance, economic stability, and the social structure. A severe consequence of widespread corruption is the… Read more »
July 31
Uganda: Museveni Engages Standard Chartered Bank On Funding Key Projects
On July 25, President Yoweri Museveni met with a team from Standard Chartered Bank's Export Finance division at State House, Entebbe, to explore potential funding for various… Read more »
July 23
Uganda: Uganda Airlines Steps Up Competition With New Flights
Uganda Airlines is stepping up competition against Ethiopian Airlines, Kenya Airways, and RwandAir with the launch of new flights to Abuja in Nigeria, Lusaka in Zambia, and Harare… Read more »
July 16
Uganda: Ugandan Economy Back On Track, DRC Reparation Continues - Ggoobi
Secretary to the Treasury Ramathan Ggoobi has said Uganda's economy is back on track, and indications are of even stronger growth in the coming years. Read more »
July 15
Uganda: New Project Targets Lucrative Furniture Market in Uganda
Two companies - Gestures, a creative furniture manufacturer based in Uganda, and bkvv Architecten, a renowned architectural firm based in the Netherlands with extensive experience… Read more »
July 09
Africa: Rise of Digital Activism in Africa As Smartphone Adoption Surges
From just making calls, to taking pictures and light browsing, to engaging in e-commerce transactions to, recently, engaging in digital activism, the way Africans are engaging with… Read more »
July 08
Africa: Africa-Caribbean Trade Poised to Hit $1.8 Billion By 2028
Trade between Africa and the Caribbean could soar to $1.8 billion annually by 2028, provided that value addition, trade facilitation, and enhanced logistics are prioritized,… Read more »
July 02
Uganda: Growing Middle Class Boosts Carrefour's Growth in Uganda
In 2019, French supermarket giant Carrefour agreed with Shoprite Checkers Uganda Limited to take over its Shoprite franchise in the country. This strategic move has since… Read more »
June 30
Uganda: Ruto's Shambolically Risky Gamble
Many people have hailed President William Ruto of Kenya for yielding to popular pressure not to sign the controversial Finance Bill. A friend in diplomatic circles in Kampala… Read more »
July 01
Uganda: Uganda in Top 10 African Countries That Attracted Most FDI in 2023
While the clean energy sector draws significant global foreign investment to Africa, particularly green hydrogen, solar, wind, and battery manufacturing, this is not Africa's only… Read more »
June 25
Uganda: CSOs Identify Key Opportunities in the Shs72 Trillion Budget
The non-governmental organisations call for strong anti-corruption measures and debt reduction Read more »