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
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 threshold required to begin commercial production later this year, according to the
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
KAMPALA, Uganda — The leader of the opposition in Parliament, Joel Ssenyonyi, has unveiled a 30-member Shadow Cabinet for the 12th Parliament, defending the leaner team as more effective in holding the government accountable than mirroring the executive’s 82-member Cabinet.Ssenyonyi to
The Church of Uganda is preparing for a major leadership transition as Archbishop Stephen Kaziimba approaches retirement in August next year.Kaziimba is expected to retire on August 14, 2027, a day before his 65th birthday. His departure will pave the way for the election of the Church of
A 29-year-old taxi driver from Masaka has won an all-expenses-paid trip to London to watch Chelsea FC through a Predator Energy promotion.A taxi driver from Nyendo in Masaka District is set for the football experience of a lifetime after winning an all-expenses-paid trip to London to watch
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 when policymakers are positioning mineral resources, especially oil and gas, as
Parliament of Uganda has administered the oath of allegiance and the oath of Member of Parliament to 18 newly appointed ministers, formally enabling them to serve as ex officio Members of the 12th Parliament in accordance with the Constitution.The swearing-in ceremony, conducted in the Hou
Kampala Lord Mayor Engineer Ronald Balimwezo has revealed that the Kampala Capital City Authority Council (KCCA) has formally written to the National Environment Management Authority (NEMA) seeking a one month suspension of the ongoing demolition exercise targeting wetland areas.Speaking a
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
