Category: Business

4 Ugandans posing as Energy Ministry officials Steal $5m from Turkish investor

4 Ugandans posing as Energy Ministry officials Steal $5m from Turkish investor

A criminal on handcuffs (internet photo)A Turkish investor has fallen victim to a high-level fraud syndicate in Uganda, losing a staggering $4.95 million in a fictitious chemical supply deal allegedly linked to the Ministry of Energy and Mineral Developme

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Global Energy Independence Day: Equity Bank’s Commitment to Energy Sustainability

Global Energy Independence Day: Equity Bank’s Commitment to Energy Sustainability

As the world marks Global Energy Independence Day 2025 on July 10th 2025, Equity Bank Uganda is leading the charge toward sustainable energy access with its bold commitment to clean energy financing.The bank has emerged as a key driver of clean energy access through its transformative Equi

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Africa’s Digital Economy Hits $180 Billion – Here’s What It Means for Uganda

Africa’s Digital Economy Hits $180 Billion – Here’s What It Means for Uganda

Africa’s digital economy is now worth over Shs 680 trillion—and this is just the beginning.But what does that even mean for a typical Ugandan who sells newspapers in the taxi park, owns a boda boda, or simply has a smartphone?The digital economy in itself refers to business

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US tech CEO resigns after Coldplay concert embrace goes viral

US tech CEO resigns after Coldplay concert embrace goes viral

A US tech company says its chief executive has quit after he was apparently caught on a big screen at a Coldplay concert embracing a female co-worker, in a clip that went viral.Astronomer said in a statement: "Andy Byron has tendered his resignation, and the Board of Directors has accepted

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ACCA and Deloitte Uganda Launch 9th CFO Awards to Celebrate Financial Leadership

ACCA and Deloitte Uganda Launch 9th CFO Awards to Celebrate Financial Leadership

The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda have launched the 9th edition of the Chief Financial Officer (CFO) Awards.Organised under the theme, “CFO Vision: Creating Impact and Legacy,” the 2025 awards will spotlight finance leaders who are not

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Roke Telkom Champions Local Innovation, Infrastructure at National ICT Summit

Roke Telkom Champions Local Innovation, Infrastructure at National ICT Summit

The second National ICT Summit concluded today at the National ICT Innovation Hub in Nakawa, wrapping up a successful two-day gathering focused on scaling Uganda’s digital economy through innovation and inclusion.Convened by the ICT Association of Uganda (ICTAU), with support from R

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Uganda’s Ethanol Blending Programme: A Triple Win for Farmers, Economy, and Environment

Uganda’s Ethanol Blending Programme: A Triple Win for Farmers, Economy, and Environment

Uganda has officially launched a national biofuels blending programme that could transform the country’s energy landscape, breathe new life into rural agriculture, and significantly cut carbon emissions.The initiative, which will begin with a 5% ethanol blend in petrol (E5) and scale up

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Kampala Restaurant Week 2025 attracts over 10,000 diners

Kampala Restaurant Week 2025 attracts over 10,000 diners

Closing on a high, the 2025 edition of Kampala Restaurant Week drew over 10,000 diners to more than 30 participating restaurants across the city in a 10-day celebration of flavor, creativity, and culture.The city’s signature dining holiday offered food lovers a ch

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Barnabas Taremwa: Global Cartels Behind Uganda’s Coffee Losses

Barnabas Taremwa: Global Cartels Behind Uganda’s Coffee Losses

Fellow Ugandans, especially our coffee farmers and those aspiring to join the coffee industry,I feel compelled to share some truths and clarify the situation regarding coffee farming in Uganda and the dynamics of the global coffee market.This is a

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Africa’s Richest Four Hold More Wealth Than Half the Continent

Africa’s Richest Four Hold More Wealth Than Half the Continent

Today, just four of Africa’s richest billionaires hold $57.4 billion in wealth — more than the combined wealth of 750 million people, or half the continent’s population, according to a new Oxfam report.The report – 

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