Ugandans applying for temporary visit and tourism visas to the United States of America will now be required to post a visa bond, following a new policy introduced by the…
In a sweeping diplomatic shake-up that has resonated across continents, the Trump administration is recalling nearly 30 U.S. ambassadors and senior career diplomats from posts around the world, a move…
Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition…
A November 2025 RMB white paper titled Continent at a Crossroads has warned that Africa is entering a decisive decade. The choices governments, firms, and regional blocs make will determine…
How do you rate Uganda’s performance with MTN’s continental portfolio, both in digital adoption but also returns, compared to other African markets? Yes, as MTN, we are operating in 16…
Cooper Motors Corporation (CMC) Holdings, the parent company of CMC (Uganda) Limited has announced its decision to gradually wind down operations in Uganda, Kenya and Tanzania, in full compliance with local regulations and distributorship agreements. Cooper Motors was acquired by the Al-Futtaim Group in 2014 and has other trading subsidiaries owned by CMC Holdings Ltd including: CMC Motors Group Limited (Kenya) Ltd. Hughes Motors (Tanzania) Ltd, Kenya Vehicle Manufacturers Ltd (33% Shareholding). The motor company was a leading player in the East African motor industry with exclusive distribution of New Holland tractors with an extensive range of farming implements from…
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The insurance sector in Africa, particularly in Uganda, presents a remarkable opportunity for growth and innovation. With a penetration rate of only 0.85% in Uganda and under 3% across the continent, the market is vastly underdeveloped compared to global averages, where insurance penetration typically hovers around 7%. As of 2023, the African insurance market is valued at approximately $87.4 billion, projected to reach $153.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3% during this period. This stark contrast highlights the sector’s immense potential for expansion and innovation. Several factors drive this optimism, including a growing population…
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Uganda Airlines’ expansion plan to dominate the aviation industry has been met with financial hurdles after a new Auditor General’s report unearthed the Airlines’ performance for the Financial Year 2023/24 showing a net loss of UGX 238 billion, which is a 26 percent% drop from the UGX 325 billion loss incurred in 2023. The sustained losses according to the Auditor General threatens financial sustainability and shareholder value for the airline. The national carrier also disclosed contingent liabilities of UGX.12 billion (USD 3.15 million), primarily relating to pending court cases which is likely to expose the company to significant legal costs,…
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Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There are also unmet shareholder growth expectations promised during the telco IPO. The new boss must invest more in the network to boost 5G adoption, expand smartphone penetration, address operational costs, and counter Starlink’s looming entry. Airtel must innovate to maintain its edge in data revenue and tackle a shrinking market share, especially in voice services. Additionally, stabilising leadership following key staff exits and managing regulatory and economic pressures will test…
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In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception. An acquisition happens when one company, typically larger and more established, purchases another, usually smaller and newer. This can be driven by various factors, such as the acquiring company seeking to obtain innovative technology or intellectual property from the smaller firm, expanding into new markets where the smaller company has a strong foothold, eliminating a competitor to gain a stronger market position, or acquiring a talented team from the smaller company. Despite how our acquisitions are, there are a few that…
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Rotary Uganda, in partnership with the Rotary Foundation, successfully hosted the 4th Edition of the Africa Peace Concert at Nsambya Gardens. The event raised a total of $239,000 which will go towards sustaining the Makerere Rotary Peace Centre, an institution dedicated to promoting peace and conflict transformation in communities across the continent. The Africa Peace Concert, held annually, seeks to advance peace not only in Uganda but also globally. This year, Rotary set an ambitious target of raising over $500,000 to support peacebuilding and conflict resolution initiatives. Each year, Rotary awards up to 151 fully funded fellowships to leaders worldwide,…
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Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB) as the new Chief Executive Officer. RDB is a government institution, under the supervision of the Office of the President, mandated to accelerate Rwanda’s economic development by enabling private sector growth. Before his appointment as new CEO of RDB, Jean-Guy worked as the Director of the Regional Integration Coordination Office at the African Development Bank Group, with a special advisory role to the senior management on regional integration and resource…
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Rwanda has become an increasingly attractive destination for international companies looking to establish their headquarters or regional offices in Africa. Through its progressive policies outlined in the Law N° 006/2021 of 05/02/2021 on investment promotion and facilitation (the “Investment Code”), Rwanda offers a range of incentives designed to stimulate foreign direct investment (FDI) and drive economic growth. These incentives, which include significant tax benefits and flexible immigration policies, make Rwanda a highly competitive business hub. Below is a detailed overview of the advantages that investors who set up their headquarters in Rwanda can expect. Zero Percent Corporate Income Tax One…
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Daniel Ogong, the Executive Head, Marketing, Communications and Client Experience at Stanbic Bank Uganda, has been named Marketing Pioneer for 2024 by Evolve Africa. Recently, Evolve Group Africa held its fourth installment of the annual Uganda Marketing Excellence Awards (UMEAS) at a gala event in Kampala. Shafique Ssemakula, the co-founder of Evolve Africa said selection for the 2024 award winners explored how well brands, marketers and their agency partners have leveraged different media channels, digital and traditional, to create campaigns that have made a sustainable impact on their target audience and businesses. “Esteemed Marketer, Daniel Ogong`s star outshone his peers,…
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Imagine stepping into Africa’s booming financial sector with a community behind you, ready to help you connect, grow, and lead. Becoming a member of the Kigali International Financial Centre (KIFC) is like joining an exclusive club designed to supercharge your business’s journey through Africa’s exciting financial sector. Whether you are looking to approach regulatory hurdles, broaden your network, or amplify your brand’s visibility, KIFC membership has you covered. Why Join KIFC? KIFC is not just a place; it is a movement at the heart of Africa’s financial evolution. As a leading hub for international investment and financial services, KIFC offers…
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