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 Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc
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 claims of discrimination amid claims of retention of majorly expatriat
The government has earmarked Shs2.26 trillion for agro-industrialisation in the 2026/27 financial year, targeting irrigation, value addition, agro-processing and agricultural research as part of efforts to transform Uganda’s agriculture sector into a more commercial and export-driven engine of
Uganda’s income per person is projected to rise to USD 1,420 (about Shs5.1 million) in the current financial year, Finance Minister Henry Musasizi announced Thursday, a milestone that underscores the country’s steady economic expansion ahead of the anticipated oil era.Presenting the 20
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 manager before rising through several positions. By December 2012, he
The killing of Rugby Cranes player Sydney Gongodyo by a mob in Kira in Kampala on Friday has renewed concerns about public safety and the growing incidence of mob justice amid reports of murder, robbery and theft in different parts of the country.Gongodyo, 27, was allegedly attacked by an
famous metaphor “You will never reach your destination if you stop and throw stones at every dog that barks at you”. This is what came to my mind a while ago. The wise saying is often attributed to Sir Winston Leonard Spencer Churchill who was a British statesman, military officer, writer and
Entebbe, Uganda | WATCHDOG UGANDA | Uganda’s Chief of Defence Forces (CDF), General Muhoozi Kainerugaba, on Tuesday chaired a high-level meeting of the Uganda People’s Defence Forces (UPDF) Joint Staff Committee to review the country’s security architecture and military readiness.The
Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s
KAMPALA — The Government will on June 11, 2026, present the national budget for the 2026/27 financial year, with officials promising a private sector-driven spending plan focused on export growth, agricultural transformation, industrialisation and job creation.The budget will be read in
