News & Analysis

Digital thieves hit UGAFODE Microfinance; make off with UGX400 million

Muhereza KyamuteteraBanking & Financial ServicesNews & AnalysisThe Big StorySeptember 19, 2022June 7, 2023

UGAFODE Microfinance Limited, one of five licensed micro deposit-taking financial institutions (MDI) in Uganda, has been hit by digital fraudsters, making off with an amount said to be about UGX400…

Realtime Tracking launches its services in Uganda

CEO ReporterNews & AnalysisSeptember 17, 2022September 17, 2022

Realtime Tracking (RTT) Uganda has announced the launch of its services in the country. These services are targeted towards vehicle and motorbike owners as well as commercial fleet businesses.Realtime Tracking,…

URSB Constructs Ultra-Modern Health & Sanitation Facility for Oleni Primary School

CEO ReporterNews & AnalysisSeptember 17, 2022September 17, 2022

The Uganda Registration Services Bureau (URSB) yesterday handed over a newly constructed health and sanitary facility to Oleni Primary School in Arua District. The facility was constructed with funding from…

Asmahaney Saad Named Partner of the Year by African Legal Awards

CEO ReporterNews & AnalysisSeptember 17, 2022September 17, 2022

The 9th Annual African Legal Awards have named Asmahaney Saad, Managing Partner of KTA Advocates, as Partner of the Year- Small Practice Category (firms with less than ten Partners). The…

Japheth Katto and Jimmy Mugerwa re-elected to EABL Board

Nelson NambooleNews & AnalysisSeptember 16, 2022September 16, 2022

Uganda’s Japheth Katto and Jimmy Mugerwa have been re-elected to the Board of East African Breweries Limited – EABL, a Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic…

September 9 – September 16, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterNews & AnalysisSeptember 16, 2022September 23, 2022

It was choppy trading for the Uganda shilling with mid month effect cooling the demand side. The unit traded pretty much in no- man’s land, unable to break below 3800…

Tilenga Oil Project Host Communities Protest Central Processing Facility Project Impacts

Nelson NambooleNews & AnalysisSeptember 16, 2022September 16, 2022

Households living near TotalEnergies’ Industrial Area in Buliisa district have protested against failure by TotalEnergies, and its sub-contractor MontaEngil, to mitigate the Tilenga oil project impacts on them. The Industrial…

European Parliament wants Uganda-Tanzania oil project halted over human rights violations

Nelson NambooleNews & AnalysisSeptember 16, 2022September 16, 2022

The European Parliament has passed an emergency resolution to stop the ongoing works on Uganda-Tanzania oil project citing human rights violations and environmental threats. Total East African Crude Oil Pipeline…

Airtel Uganda’s Vanishing Data, Blaming the Victim/Customer Tactics Prove an Urgent Need for a Forensic Audit and Reform

CEO ReporterNews & AnalysisThought LeadershipSeptember 16, 2022September 16, 2022

By JOHN K. MUSIIME I purchased a ‘daily’ data bundle of 2.2 GB on my Airtel Uganda sim card on Saturday 10 September 2022 at 9:58 am. At 11:07 am,…

ICPAU, CMA, USE and Vision Group Launch 2022 Financial Reporting Awards

CEO ReporterNews & AnalysisSeptember 16, 2022September 20, 2022

The Institute of Certified Public Accountants of Uganda (ICPAU), the Capital Markets Authority, Uganda Securities Exchange and Vision Group are set to hold the 2022 Financial Reporting (FiRe) Awards on…