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…
Rwanda’s vision of becoming a prominent financial hub makes a substantial advancement with the New Law nº 044/2024 of 30/05/2024 governing banks (the “Banking Act” or the “New Banking Act”). The New Banking Act is enacted following the parliamentary review of the Law nº 47/2017 of 23/09/2017 governing the organisation of banking (the “Repealed Banking Act”). The New Banking Act contains substantial updates to the existing framework and reflects Rwanda’s commitment to fostering a dynamic and adaptable financial sector. 1. Key Drivers of the Reform & Aligning with Evolving Needs Rwanda’s financial sector is undergoing a significant transformation driven by…
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Uganda Breweries Limited (UBL), under its vast beer portfolio, has launched the “Buckets of Cheer” campaign to mark the festive season, aiming to bring Ugandans together, spread joy, and create unforgettable moments of celebration. The campaign, which celebrates the values of togetherness, inclusivity, and joy, encourages Ugandans to connect with loved ones during the festive season, whether at large gatherings or family get-togethers. With UBL’s diverse range of beers, including Bell Lager, Bell Citrus, Guinness, Guinness Smooth, Pilsner Lager, Tusker Lager, Tusker Lite, and Tusker Malt, the company seeks to elevate celebrations across the country. As part of the launch,…
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By PDG Robert Waggwa Nsibirwa We all dream of a peaceful Uganda, a peaceful East Africa and a very much more peaceful Africa. Despite many years of prayers, dreams, and wishes, Africa still faces conflict, insecurity, and war, making peace a far-fetched description. What if we could, one step at a time, one dollar at a time, make our dreams and wishes come true? What if we could, as a generation, skill and educate individuals to push for peace in Africa? We have been blessed to have a Rotary Peace Centre based here at home at Makerere University. The first…
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The Rotary community in Africa is celebrating the confirmation of Rotarian Emmanuel Katongole as the incoming Rotary International Director (RID) for Zone 22 (Africa). He is a former District Governor for Rotary District 9214 and a member of the Rotary Club of Muyenga, Uganda, and will serve a two-year tenure from July 1st 2026, to June 30th 2028. The announcement was made by Rotary International President Stephanie Urchick supported by a confirmation letter from Rotary CEO and Secretary General John Hweko. Katongole’s nomination came after a rigorous selection process including recommendation by his club, review by the Director Nominations Committee…
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Despite ongoing challenges across Sub-Saharan Africa (SSA), Citi economists have indicated that the continent is undergoing another important moment in its growth trajectory. David Cowan, Citi Economist for SSA, and Gina Schoeman, Citi South Africa Economist, held a virtual year-end media brief titled ‘Is Africa on the Cusp of a New Growth Spurt in 2025?’ on December 5th. The brief, which was hosted by Akin Dawodu, SSA Cluster Head, elaborated on SSA economies’ steady strides from the 2022/23 solvency crisis to a fiscal consolidation story in 2024 that is set to play out in 2025 and 2026. Highlights below: 2024…
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Stanbic Bank Uganda has announced an increase in its unsecured loan offering to Savings and Credit Cooperative Organizations (SACCOs) from sh200 million to sh4 billion, attained at an interest rate of only 10%. This bold step was unveiled during the bank’s SACCOs Forum, recently hosted at Onomo Hotel in Kampala. Francis Karuhanga, the Chief Executive of Stanbic Holdings Uganda Limited (SUHL) said the decision to elevate the SACCO preposition is a strategic response to the feedback gained from the previous engagements with Cooperative leaders across the country and the growing demand for affordable financial solutions, a move that perfectly…
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Airtel Africa has announced that its five-year partnership with United Nations Children’s Fund (UNICEF), aimed at transforming education across the continent, has connected over 1,500 schools to the internet, trained 17,000 teachers, and reached nearly a million learners with quality digital education resources across 13 African countries. The partnership was launched in 2021 as part of Airtel Africa’s $57 million commitment to support the development of education and bridge the digital divide for vulnerable children in remote communities in collaboration with African governments. Since the commencement of the partnership, Airtel Africa has prioritised the accessibility of online learning resources, including…
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Against a backdrop of continued macroeconomic headwinds of high interest rates and volatile exchange rates across the markets that the Group operates in, Equity Group Holdings Plc (EGH) continues to demonstrate resilience, with regional businesses contributing 51% of profit before tax and 48% of total assets to reach Kshs.1.7 trillion as of 30th September 2024. The Group, which has been named the top financial brand in Africa and the 2nd strongest bank Brand in the world by Brand Finance and backed by its motto of ‘’Growing Together in Trust’’, has seen its deposit franchise grow 9% year-on-year to Kshs.1.3 trillion,…
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The First Lady and Minister of Education and Sports, Hon. Janet Kataha Museveni, will preside over Uganda’s inaugural National STEM Education and VEX Robotics Championship, an event aimed at fostering innovation and equipping Uganda’s youth with critical skills for the future. Set for November 29th 2024 at the National ICT Hub in Nakawa, this event represents a major milestone for Uganda’s education system and the African School of Innovations Science and Technology (ASIST) Ltd, the event’s organizer. Hon. Janet Kataha Museveni, First Lady and Minister of Education and Sports in Uganda. The Championship, organized in partnership with the globally acclaimed…
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Stanbic Bank Uganda has donated essential medical supplies and equipment valued at UGX 26 million to two health facilities in Nakaseke district. This initiative aims to strengthen maternal healthcare services in the district, reflecting the bank’s commitment to Corporate Social Investment (CSI) and also a continuous celebration of the October LO.V.E month. The donation was made to Butalangu Health Centre III and Wakyato Health Centre III, with essential items including patient monitors, delivery beds, Dopplers, Fetoscopes, instrument sets for delivery, blood pressure machines, medical refrigerators, Mama Kits, examination couches, and ultrasound machines. These contributions are expected to significantly enhance the…
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