When Bank of Uganda, on Thursday (January 29, 2026), announced that Finance Trust Bank had been authorised to transition from a Tier I commercial bank to a Tier II credit…
Climate change is one of the significant crises facing the world today and developing nations such as Uganda face a critical challenge in combating related effects despite its relatively low…
This week, VAAL Real Estate the latest entrant into Uganda’s bustling real estate industry, unveiled Cadenza Residences, a 308 luxury homes project in Nakasero, a leafy upscale Kampala neighbourhood. Described by the developers as a “masterpiece” and a piece of “architectural brilliance” on a “prestigious address”, Cadenza residences will be built at the confluence of Plot 1 Katonga Road and Sezibwa Road. At 24 storeys and 80 metres high Cadenza Residences, when it is completed in July 2027, will be a towering edifice on the Kampala City skyline. “Inspired by the intricate beauty of a Cadenza, a solo passage in…
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Q. The financial sector in the country is flooded with many innovative products, more so in insurance. What can you tell us about Smart Save and how different it is from others? A. Jubilee Smart Save Plan- Olina Plan B? stands out from other offerings by combining both risk and investment elements. It not only provides comprehensive insurance coverage to protect against unforeseen risks but also offers robust investment opportunities, allowing policyholders to grow their savings over time. Another key feature is that if the policyholder passes away, the beneficiary will receive 10-15% of the funds annually until the policy…
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The government of Uganda has released more money towards its household poverty alleviation initiative, the Parish Development Model (PDM). This was confirmed by PostBank Uganda, the gov’t distribution partner of the cash to the final recipients through its mobile wallet platform, Wendi. The amount totalling up to UGX 267 Billion was disbursed among 5,322 government-identified and vetted SACCOs country-wide with each earmarked to receive UGX50M. “We received the latest batch of money from the government on Tuesday, 09th April, to distribute to over 5,000 SACCOs around the country covering over 100 districts. We completed the disbursement to all the SACCOs…
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Housing Finance Bank has recruited Seva Mendera Wamara as its Marketing Manager, effective 1st March 2024. Seva is a marketing communications professional with over 5 years of experience. She describes herself as “passionate about cultivating marketing strategies that build strong brands and contribute towards business growth”. Her key skills include corporate communications, marketing strategy development, content creation, project management, market research and data analysis. Seva has previously been the Marketing and Communications Project Manager for Wendi – PostBank’s mobile wallet. She played a pivotal role in the development and rollout of Wendi, a robust e-money platform that is a centrepiece…
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In the wake of the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has sanctioned contracts valued at approximately USD7.16 billion. Of this sum, nearly USD1.8 billion (equivalent to UGX7 trillion) worth of contracts has been allocated to Ugandan companies. These contracts are currently at various stages of execution. Ms. Gloria Sebikari, the Manager of Corporate Affairs at PAU, anticipates a surge in contract numbers once construction begins on the East African Crude Oil Pipeline (EACOP). She stated, “most of the contracts awarded thus far are in the upstream sector, but we…
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Correspondences between President Yoweri Kaguta Museveni have leaked revealing that Tian Tang Group proposed to the president and the president accepted, plans by the Chinese-owned but Uganda-based conglomerate to redevelop the present-day government-owned Luzira Prisons into a 5-star hotel and conference centre. In the leaked 10th July 2022 letter, the President is directing Internal Affairs Minister, Gen. Kahinda Otafiire under whose dockets the Uganda Prisons Service falls to start negotiations with Tian Tang Group and to identify land in the interior, where to relocate the prison. The letter is copied to the Vice President; the Rt. Hon. Prime Minister; the…
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With an overall score of 62.8, Uganda maintained its fourth position out of the 28 African countries measured under the 2023 Absa Africa Financial Market Index (AFMI) – a report that evaluates the financial development of countries with an overall aim of reducing the barriers to investment and boosting sustainable growth. The 2023 report was released early on Tuesday during the 2024 Economic Outlook Forum hosted by Absa Bank Uganda at the Kampala Sheraton Hotel – bringing together investors and experts from both the public and private sectors. According to the index, within Africa, Uganda ranks behind only South Africa…
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Many of us the tech nerds and everyday phone users have at least seen, touched used or ever heard of the mighty HTC. At one time, HTC overtook the present phone giants Samsung and iPhone in terms of sales globally including in the US. What really led to the downfall of such a great, innovative smartphone company? The rise of HTC started in 2008 when they released the first Android powered Smartphone the HTC dream. In the same year, they went on to release America’s first 4G smartphone (HTC evo 4G). HTC was slowly rising to the top in a…
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