Category: Business

EACOP project sparks ongoing battle over land and justice

EACOP project sparks ongoing battle over land and justice

Kampala, Uganda | THE INDEPENDENT | In Arusha, Tanzania, Lubega John Nsamba represented her ailing father, John Mary Nsamba, whose land along the East African Crude Oil Pipeline (EACOP) had been acquired without what the family considered fair compensation.Over a month after his burial nea

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Why Kampala needs trade order now

Why Kampala needs trade order now

COMMENT | JOSEPHA JABO | On Thursday, February 5, 2026 the minister for Kampala, Minsa Kabanda, addressed journalists at Uganda Media Centre, briefing them about the new trade order, available workspaces in public markets for street vendors and the revival of the Sunday Market. The press conferen

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Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government of Uganda and Standard Chartered Bank Uganda have signed financing agreements worth EUR 641.1 million (Shs 2.747 trillion) to fund three major infrastructure projects aimed at supporting the country’s Ten-Fold Growth Strategy and expanding the economy to USD 500 billion by 2040.

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Banks Urged to Embrace Modern Technology to Improve Service Delivery

Banks Urged to Embrace Modern Technology to Improve Service Delivery

The Minister of Information and Communication Technology and National Guidance, Dr Chris Baryomunsi, has called on banks in Uganda to embrace modern technology to enhance efficiency and improve service delivery to customers.Dr Baryomunsi made the remarks while speaking at the National Lead

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Uganda’s Export Earnings Hit Record Shs54 Trillion -Ggoobi

Uganda’s Export Earnings Hit Record Shs54 Trillion -Ggoobi

Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi has said Uganda’s export earnings have climbed to a record $14.4 billion (Shs 54 Trillion) by the end of September, driven largely by strong growth in gold, coffee and manufactured goods, reflecting the impact of long-term govern

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Quality Chemical Declares Shs6 Interim Dividend After Recovering Zambia Receivable

Quality Chemical Declares Shs6 Interim Dividend After Recovering Zambia Receivable

Quality Chemical Industries Limited (QCIL) has announced an interim dividend for the financial year ending March 31, 2026, after successfully recovering a long-outstanding receivable from the Government of the Republic of Zambia.In a notice issued under Rule 41 of the Uganda Securities Exc

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UBOS Signs MoU with Teso and Lango Cultural Institutions to Boost Use of Official Statistics

UBOS Signs MoU with Teso and Lango Cultural Institutions to Boost Use of Official Statistics

The Uganda Bureau of Statistics (UBOS) has signed a memorandum of understanding (MoU) with the cultural institutions of Teso and Lango to strengthen collaboration in producing, sharing, and using official statistics for planning and decision-making.The signing ceremony, held on Thursday, b

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Stanbic Economic Forum Returns to Focus on Uganda’s Competitiveness Amid Global Shifts

Stanbic Economic Forum Returns to Focus on Uganda’s Competitiveness Amid Global Shifts

The 2026 Stanbic Economic Forum is set to return under the theme, “Uganda’s Inflection Point: Competing in a Rewired Global Economy”, with a live stream on Stanbic Bank Uganda’s YouTube channel on February 12, starting at 8:30 a.m.The Forum comes at a pivotal moment f

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Sarah Bateta Okwi Appointed Acting MTN Mobile Money CEO as Richard Yego Steps Down

Sarah Bateta Okwi Appointed Acting MTN Mobile Money CEO as Richard Yego Steps Down

MTN Mobile Money Uganda has announced a major leadership transition, with Chief Finance Officer Sarah Bateta Okwi appointed Acting Managing Director and CEO, following the decision by Richard Yego to step down from his role.According to official communication from the company, Yego will ex

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REVEALED! How Nigeria’s Access Bank ‘Lies’, Strategic Errors Sunk Finance Trust Bank

REVEALED! How Nigeria’s Access Bank ‘Lies’, Strategic Errors Sunk Finance Trust Bank

From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o

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