NEWS

Kampala, Uganda | THE INDEPENDENT | ABC Capital Bank Limited has unveiled an ambitious growth strategy focused on digital transformation and expanding its retail banking portfolio, following a period of sustained growth and strong financial performance that saw the bank record a 285% increase in Profit After Tax (PAT) in …

Kampala, Uganda | THE INDEPENDENT | More than 90 small and medium-sized enterprises (SMEs) in Uganda’s wood industry have begun a four-month business incubation programme aimed at improving competitiveness, strengthening value addition and positioning the country’s forestry sector for greater economic returns. The programme, launched by the Food and Agriculture …

Kampala, Uganda | URN | Tourism stakeholders have welcomed Uganda Airlines’ decision to launch direct flights to Kigali, Rwanda, and Accra, Ghana, saying the new connections are expected to boost visitor arrivals, trade, and investment while strengthening Uganda’s position as a regional tourism destination. The direct flights, which are scheduled …

  Independent MPs Sign Cooperation Agreement   Kampala, Uganda | URN | The ruling National Resistance Movement (NRM) has further consolidated its influence in the 12th Parliament after dozens of Independent Members of Parliament signed a cooperation agreement allowing them to work closely with the ruling party. The memorandum of …

Kampala, Uganda | URN | The State has asked the High Court to find lawyer Eron Kiiza guilty of contempt of court over social media posts about a prosecution witness in the ongoing treason trial involving Dr. Kizza Besigye and two others, arguing that the publications could prejudice the proceedings …

Dar es Salaam, Tanzania | URN | President Yoweri Kaguta Museveni of Uganda and Samia Suluhu Hassan of Tanzania have endorsed a landmark Memorandum of Understanding (MoU) aimed at reshaping East Africa’s energy economy by shifting the region’s focus from crude oil exports to building an integrated regional energy and …

  Buhweju, Uganda | URN | Buhweju District senior engineer Dicklus Twinamatsiko and an assistant engineering officer, Samuel Nkwasibwe, have been interdicted over allegations of misappropriating public funds and failing to execute road projects funded during the 2024/2025 financial year. The officers were suspended from duty with immediate effect following …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has become the first financial institution in the country to integrate with China’s Cross-Border Interbank Payment System (CIPS), a move expected to simplify cross-border transactions, reduce foreign exchange risks and strengthen trade between Uganda and China. The new payment platform enables Ugandan …

Kampala, Uganda | JULIUS BUSINGE | Nominations for the 10th edition of the Uganda CFO Awards have officially opened, with finance leaders across the public, private and not-for-profit sectors encouraged to showcase how they are driving business growth, strengthening governance and shaping the country’s economic future. The six-week nomination window was …

Kampala, Uganda | THE INDEPENDENT | NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in …