Pearl Bank Loan Book Hits UGX 1 Trillion as Growth Strategy Gains Momentum Kampala, Uganda | NEWS CORRESPONDENT | Pearl Bank, whose purpose is to foster prosperity for Uganda, has announced that its loan book has crossed the sh1 trillion mark, a major milestone in the Bank’s transformation and …
Read More »President Museveni to name Uganda’s crude oil blend
Buliisa, Uganda | URN | President Yoweri Museveni is expected to preside over the naming of Uganda’s crude oil blend during a visit to oil development projects in the Albertine Graben, as the country moves closer to commercial production. The President is expected to visit key oil development facilities …
Read More »Uganda names its crude oil today ahead of market entry
All set for historic naming ceremony of Ugandan crude oil Kikuube, Uganda | NEWS CORRESPONDENT | Uganda will today unveil the name of its crude oil, giving the grade a commercial identity ahead of its planned entry into the global market, at a ceremony at the Kingfisher production …
Read More »Restoring Bugoma-Budongo Corridor: A lifeline for Uganda’s endangered chimpanzees
Budongo, Uganda | NEWS CORRESPONDENT | Across the scenic Murchison Landscape of Western Uganda, the northern Albertine Rift is celebrated for its outstanding biodiversity richness. The region harbors an astounding ecological community, accounting for 52% of Africa’s bird species, 39% of its mammal species, 19% of its amphibian …
Read More »Why Uganda has imposed one-month freeze on new mineral licences
Kampala, Uganda | URN | Uganda has imposed an immediate one-month moratorium on the granting of new mineral licences and exploration rights as the government moves to tighten oversight, eliminate speculative claims and align the mining sector with its economic transformation agenda. The temporary freeze was announced by Energy and …
Read More »UCC launches study on smartphone usage as Uganda targets universal coverage by 2030
Kampala, Uganda | URN | The Uganda Communications Commission (UCC) has launched a study to assess the usage and impact of mobile phones, particularly smartphones, in Uganda as the country works towards achieving 100 percent national network coverage by 2030. The assessment will examine smartphone penetration, the cost of devices, and …
Read More »Tooro elders’ meeting halted by security
Fort Portal, Uganda | URN | Personnel from the Uganda People’s Defence Forces (UDPF) and the Police have been deployed at the Tooro Kingdom administrative offices at Muchwa in Fort Portal City. The Muchwa also houses the kingdom’s parliamentary chambers (Orukurato Orukuru Orwensanju). The deployment followed an announcement by Tooro …
Read More »Finance key to unlocking Uganda’s Shs1,800tn growth ambition, Housing Finance Bank says
Mbarara, Uganda | THE INDEPENDENT | Uganda’s ambition to expand its economy nearly tenfold by 2040 will depend largely on the country’s ability to mobilise and channel capital into businesses, housing and infrastructure, Housing Finance Bank has said. The bank made the call at the REDi Mbarara 2026 – Ankole …
Read More »Uganda’s Samuel Nabeeta wins top renewable energy, innovation award in Spain
Alicante, Spain | NEWS CORRESPONDENT | Ugandan entrepreneur Samuel Nabeeta Mulowooza has received an international honorary award in recognition of his role in advocating for renewable energy use, supporting innovation and youth empowerment in the East African nation. The honorary award was presented to Nabeeta on Sunday, August 30, at …
Read More »Wealth will only be realized if we make robbery a ‘risky business’
COMMENT | OBED K KATUREEBE | President Yoweri Museveni has, for over the last 20 years, been passionately crusading for wealth creation for all Ugandans. Indeed, he has championed several programmers all meant to uplift the economic status of Ugandans. From Entandikwa to Operation Wealth Creation, NAADS to now …
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