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Equity Group posts Shs 433.2bn profit

Equity Group posts Shs 433.2bn profit

L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender

Ultimate Uganda

Healing Old Wounds: Why Buganda Should Embrace Museveni’s Apology

Healing Old Wounds: Why Buganda Should Embrace Museveni’s Apology

The kingdom played a critical role in Museveni’s rise to power during the 1981–1986 bush war, hosting his guerrilla campaign in the jungles of Luweero. Thousands of lives were lost, and the scars of that conflict linger.On May 25, 2025, a

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Uganda’s Construction Sector Sees Modest Inflation Uptick in April , Driven by Specialised Activities and Civil Works

Uganda’s Construction Sector Sees Modest Inflation Uptick in April , Driven by Specialised Activities and Civil Works

Uganda’s construction sector recorded a mild rise in inflation, with the annual rate edging up to 0.6% in the 12 months ending April 2025, up from 0.5% in March, according to the latest Construction Input Price Index (CIPI) released by the Uganda Bureau of Statistics (UBOS).The increase,

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Govt Launches Million LEGS Project to Transform Rural Livelihoods

Govt Launches Million LEGS Project to Transform Rural Livelihoods

The Government of Uganda, with support from international partners, has unveiled $50.4 million(Shs 191.5 billion) initiative aimed at improving rural livelihoods and accelerating economic transformation across 17 districts under the Local Economic Growth Support (LEGS) Project.Implemented

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Umeme to Seek Arbitration in London Over Shs 10.62tn Claim Against Uganda Govt

Umeme to Seek Arbitration in London Over Shs 10.62tn Claim Against Uganda Govt

Ugandan electricity distributor Umeme Limited has announced its intention to pursue international arbitration to recover a disputed sum of Shs.1.062tn from the Government of Uganda. The move follows unsuccessful negotiations regarding the final buyout amount after the conclusion of Umeme's conces

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Govt, Islamic Development Bank Invest Shs180bn to Boost Rural Livelihoods

Govt, Islamic Development Bank Invest Shs180bn to Boost Rural Livelihoods

The government, with support from international financiers, is pressing ahead with a $50.4 million (about Shs182 billion) initiative aimed at transforming rural economies through water access, market infrastructure, and affordable microfinance.Known as the Local Economic Growth Support (LE

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Uganda, Netherlands join forces to tackle document fraud

Uganda, Netherlands join forces to tackle document fraud

In a strengthened effort to address the growing threat of fraudulent travel documents, Uganda and the Government of the Netherlands have partnered to launch a specialised training program for immigration officers.The initiative, focused on document examination and fraud detection, was unve

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Housing Finance Bank Scoops Awards for Backing Farmers and Small Businesses

Housing Finance Bank Scoops Awards for Backing Farmers and Small Businesses

Housing Finance Bank has won two national awards for its outstanding efforts in boosting agricultural productivity and supporting Uganda’s small businesses to recover from recent economic shocks.The accolades — the Agricultural Credit Facility (ACF) Award and the Small

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Govt Launches Carbon Market Regulations to Boost Climate Finance, Global Cooperation

Govt Launches Carbon Market Regulations to Boost Climate Finance, Global Cooperation

The government has launched the National Climate Change Mechanisms Regulation, a key milestone in the country's efforts to operationalise Article 6 of the Paris Agreement and tap into the growing global carbon market.Unveiled by the Ministry of Water and Environment at its headquarters in

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Kyabazinga Rallies Stakeholders to Combat Rising Teenage Pregnancies, School Dropouts in Busoga

Kyabazinga Rallies Stakeholders to Combat Rising Teenage Pregnancies, School Dropouts in Busoga

The Kyabazinga of Busoga, William Wilberforce Gabula Nadiope IV, has convened a high-level meeting with education stakeholders to address the persistent rise in school dropouts and teenage pregnancies in the kingdom.The meeting, held at Igenge Palace in Bugembe, Jinja City, followed a lett

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