News & Analysis

May 13 – May 20, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterBanking & Financial ServicesNews & AnalysisMay 20, 2022May 20, 2022

The Uganda shilling posted sharp losses buoyed by a surge in demand from commercial banks, manufacturing and energy sectors. The unit broke through key levels to trade at 3665/75.In the…

Former GE Africa President Farid Fezoua appointed  Director of Health & Education at World Bank’s IFC

CEO ReporterNews & AnalysisMay 20, 2022May 20, 2022

The  International Finance Corporation ( IFC), part of the  World Bank Group has appointed Farid Fezoua as the Director of Health & Education. The appointment was made earlier today in…

Second tourism facility to fast-track recovery from Covid-19 effects – UDB

CEO ReporterNews & AnalysisMay 19, 2022May 19, 2022

Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, in partnership with the European Union, has announced a special call for eligible businesses in the tourism sector to…

This is why Destination Uganda’s triple win at the 4th International Tourism Film Festival Africa is important

CEO ReporterNews & AnalysisThought LeadershipMay 19, 2022May 19, 2022

By Lilly Ajarova Numbers do not lie. That Destination Uganda, the Pearl of Africa, is the most competitive tourism destination on the African continent, that is packed with the rarest,…

Simba Properties speaks out; vows to challenge illegal move by S.African mezzanine fund to take over its properties

Muhereza KyamuteteraBusiness & MarketsLegal & JusticeNews & AnalysisThe Big StoryMay 18, 2022May 20, 2022

Simba Properties Investment Co. Ltd has broken silence over a public auction advert that appeared in the Daily Monitor today, purporting to put up its properties for sale, dismissing the…

Mak@100: Stanbic Bank contributes UGX150m towards Centennial Celebrations

CEO ReporterCompany NewsNews & AnalysisMay 18, 2022May 18, 2022

Stanbic Bank has today made a contribution of UGX150m to Makerere University as the institution marks 100 years of service to humanity. The UGX 150m cash donation is expected to…

CSR: Uganda Baati joins efforts to fight HIV Stigma and End HIV by 2030

CEO ReporterCompany NewsNews & AnalysisMay 18, 2022May 18, 2022

As part of its sustainable Corporate Social responsibility interventions, Uganda Baati Limited (UBL) today joined the rest of the world to put emphasis on the mission to end HIV as…

Uganda’s Collective Investment Scheme Assets Cross UGX1 Trillion

CEO ReporterNews & AnalysisMay 18, 2022May 18, 2022

The Capital Markets Authority (CMA) has attained UGX1.15 trillion in Assets Under Management (AUM) by licensed Collective Investment Scheme (CIS) managers, representing savings mobilized from Ugandans. This is a major…

Mak@100: First Lady Janet Museveni Commissions new learning facilities, lays foundation stone for Reconstruction of Main Building

Nelson NambooleNews & AnalysisMay 18, 2022May 18, 2022

Uganda’s First Lady and Education Minister, Janet Museveni on Tuesday afternoon visited Makerere University where she officially opened new teaching facilities and laid two foundation stones for the reconstruction and…

My hands are full, says AfDB President Adesina as he declines Nigerian presidency calls

CEO ReporterGlobal NewsNews & AnalysisMay 17, 2022May 17, 2022

African Development Bank President Dr. Akinwumi A. Adesina has declined calls to stand for Nigerian President saying he remains fully engaged to the mission of developing Africa. He, in a…