Business

Kampala, Uganda | URN | As the country prepares for first oil, a debate is emerging over whether the country needs petroleum-specific methane regulations or a broader national framework to control one of the world’s most potent greenhouse gases before commercial production begins. The government expects first oil before the …

NEWS ANALYSIS | URN | When Uganda’s government and its joint venture partners reached the Final Investment Decision (FID) in February 2022, it marked the end of years of negotiations and the beginning of what many believed would be the country’s most transformative economic project. The agreement unlocked the development …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has Aug.7 reiterated its commitment to supporting Uganda’s agricultural sector by complementing the Ministry of Agriculture, Animal Industry and Fisheries’ (MAAIF) ongoing livestock vaccination campaign, an initiative aimed at protecting farmers’ livelihoods and strengthening the country’s livestock value chain. Livestock remains an …

  JOHANNESBURG | Xinhua | South Africa and the Asian Infrastructure Investment Bank (AIIB) have signed a 500-million-U.S.-dollar sovereign-backed loan agreement to improve urban services. In a joint statement issued on Friday, South Africa’s National Treasury and the AIIB said the financing, which marks AIIB’s first investment in South Africa, …

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 | By the time most people are waking up in Buwate, a bustling suburb of Kampala, Sharif Ssemwanga is already with his four-legged companions. They are more than pets or guard dogs. They are the foundation of a business that has earned him the nickname “Uncle …

Kampala, Uganda | NEWS CORRESPONDENT | Seventy-five years after its first brew, Uganda’s original beer has once again earned international recognition for the consistent quality that has defined Bell Lager for generations. Bell Lager has been awarded a Gold Quality Award at the 2026 Monde Selection Awards, an independent international institute …

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 …

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 …