Latest business reporting and analysis for Uganda.
Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holding...
Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshol...
As construction of the East African Crude Oil Pipeline (EACOP) nears completion, the project company has initiated mass layoffs in Uganda and Tanzania, triggering anxiety among section of staff. The move has also stoked...
When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time wh...
Former Minister Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda. Former Energy Minister, Irene Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda.Ugand...
Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Paul Ndhego joined PostBank in May 2009 as a branch...
The commitment was highlighted during the 1,350th session of the African Union Peace and Security Council (AUPSC) held in Addis Ababa, where member states convened to discuss the growing challenges of refugees, internall...
Former opposition politician James Birungi Ozo has been ordered to repay a Shs 383 million loan he took from Pride after the court rejected his attempt to stop the bank from enforcing a court order.Ozo, who was once a pr...
Kampala, Media – The High Court has nullified the sale of a Najjera property that was previously repossessed and sold by Housing Finance Bank, ruling that the transaction was conducted irregularly, grossly underva...
Over 280 tea nursery bed operators in Kanungu District have denied allegations that they were defrauded by their lawyers and association leadership. The farmers clarify that a 30 percent deduction from their recent Shs14...
