News & Analysis

Lipa Later Embarks on Ambitious $1.24M Raise in a Global Crowdfunding Campaign.

Jonathan N. LubwamaEntrepreneurshipNews & AnalysisTechnology & InnovationSeptember 7, 2023September 7, 2023

In a significant development for the African fintech sector, Lipa Later, a leading fintech platform, launched a global crowdfunding campaign after securing regulatory greenlight in the USA. The company aims…

Uganda Revenue Authority intercepts illicit textiles, motorcycles, cigarettes, confectionaries and motor vehicle  

CEO ReporterNews & AnalysisPolitics & GovermentSeptember 6, 2023September 6, 2023

Efforts by various Uganda Revenue Authority (URA) enforcement teams in  Mutukula, Masaka, Madi Oepi and Elegu have netted several illicit traders, confiscating several smuggled goods, such as textiles, motorcycles, cigarettes, …

Sustainable Banking⏤ Sustainability Standards And Certification Initiative (SSCI) admits Uganda’s Housing Finance Bank 

Muhereza KyamuteteraCompany NewsNews & AnalysisSeptember 5, 2023September 5, 2023

Housing Finance Bank (HFB) has received a Certificate of Acceptance to the Sustainability Standards and Certification Initiative (SSCI) during the 10th Global Sustainable Finance Conference recently held in Karlsruhe, Germany. …

How Does Uganda’s Regulatory Stance Towards Crypto Compare With Other African Countries?

Jonathan N. LubwamaEast AfricaEntrepreneurshipNews & AnalysisTechnology & InnovationAugust 31, 2023August 31, 2023

Uganda has been a hotbed for cryptocurrency scams, largely due to the legal ambiguity surrounding the use of digital currencies. The country has had its fair share of crypto scams,…

Former MTN CEO Wim Vanhelleputte Set to Take Over as Safaricom Ethiopia CEO

Jonathan N. LubwamaC-Suite LeadershipCompany NewsEast AfricaNews & AnalysisAugust 31, 2023August 31, 2023

Safaricom Ethiopia has announced the appointment of Wim Vanhelleputte as its new Chief Executive Officer, effective from September 1st, 2023. Vanhelleputte, the former CEO of MTN Uganda, will succeed Anwar…

I will definitely buy⏤ Billionaire Sudhir Ruparelia endorses Airtel IPO

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryAugust 30, 2023April 1, 2024

Billionaire businessman as well as the largest Ugandan and individual equities investor on the Uganda Stock Exchange has endorsed the Airtel Uganda IPO, saying that it is a good buy….

EXCLUSIVE: Gov’t of Uganda borrowed €500 million  from Stanbic Bank to fix FY2022/23 budget holes

Muhereza KyamuteteraNews & AnalysisPolitics & GovermentThe Big StoryAugust 29, 2023August 30, 2023

The government of Uganda in Q4 of FY2022/23 borrowed €500 million (UGX2 trillion) from Stanbic Bank Uganda and its parent, Standard Bank South Africa, to plug holes in its budget,…

UAP Old Mutual toasts to enduring legacy of billionaire Sir Gordon Wavamunno 

CEO ReporterCompany NewsNews & AnalysisAugust 27, 2023August 27, 2023

UAP Old Mutual has celebrated the legacy of retiring shareholder and board chairman Sir Gordon Wavamunno during a dinner hosted at the Kampala Serena Hotel. Sir Gordon Wavamunno served for…

Business Trendsetters Forum 2023: Business Leaders To Mentor Youth In Innovation And Sustainable Business Trends

Muhereza KyamuteteraCompany NewsNews & AnalysisAugust 22, 2023August 22, 2023

Youths, innovators and startups will at this year’s Business Trendsetters Forum be mentored by key experts in various sectors to inspire them through a series of thematic sessions focusing on…

Increased investments and connections, drive Umeme’s H1 2023 revenue to UGX1.1 trillion

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryAugust 21, 2023August 21, 2023

Increased economic activity thus increased power demand, translating into increased customer connections combined to spur a 19.9% growth in Umeme Limited’s gross revenues for H1 2023, the energy distribution company…