News & Analysis

Samuel Mwogeza appointed Global CFO for VisionFund International

Muhereza KyamuteteraC-Suite LeadershipCompany NewsNews & AnalysisThe Big StoryNovember 7, 2022October 26, 2023

Samuel Fredrick Mwogeza, the former Stanbic Bank, Uganda, Executive Head for Consumer & Affluent Banking is the new VisionFund International Global CFO. VisionFund International is a global multinational, present in…

MTN Uganda records double-digit increases in service revenue in 9 months

Nelson NambooleNews & AnalysisNovember 4, 2022November 9, 2022

MTN Uganda has remained resilient in the first nine months of 2022, navigating the prevailing tough macroeconomic conditions, to deliver double-digit service revenue growth in line with our medium-term guidance….

TotalEnergies EP Uganda moves to explore development of 120MW of Solar in Uganda

CEO ReporterNews & AnalysisNovember 4, 2022November 4, 2022

TotalEnergies EP Uganda has signed a Solar project agreement with the Government of Uganda through the Ministry of Energy and Mineral Development for the possible deployment of 120 MW of…

NSSF’s Richard Byarugaba elected Africa Representative on Global Social Security Body 

CEO ReporterNews & AnalysisNovember 4, 2022November 8, 2022

The National Social Security Fund (NSSF) Managing Director Richard Byarugaba has been elected the African region representative to the International Social Security Association (ISSA) Bureau. The election was confirmed at…

October 28 – November 4, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterBanking & Financial ServicesNews & AnalysisNovember 4, 2022November 4, 2022

The Uganda shilling reversed course and slightly strengthened as end month flows gave support amid subdued demand. The unit traded below the 3800 level for the first time in months….

Three Ugandan Startups Named in the 100 Most Funded African Startups

CEO ReporterNews & AnalysisNovember 4, 2022November 8, 2022

Ugandan fintechs Chipper Cash, Tugende and Asaak have been named in the top 100 Most Funded African Startups in research compiled by Digest Africa, a Pan-African data and intelligence startup…

Uganda Parliament approves UGX1.7 trillion loan request

CEO ReporterNews & AnalysisNovember 4, 2022November 4, 2022

Members of Parliament have approved a request by the government to borrow $464 million (about UGX1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the…

Financial Wellness Class: Experts tip Ugandans on financial protection, growth

Nelson NambooleNews & AnalysisNovember 4, 2022November 4, 2022

Financial experts have lectured Ugandans on how to grow and protect their finances during a financial wellness class organized by UAP Old Mutual and PostBank. The webinar which aimed at…

Stanbic PMI shows third successive rise in new orders

Nelson NambooleNews & AnalysisNovember 4, 2022November 4, 2022

Business conditions for Uganda’s private sector were unchanged at the start of the fourth quarter of the year, following two months of improvement, the latest Stanbic Purchasing Managers’ Index (PMI)…

MTN Uganda to pay an interim dividend as profits surge to UGX 292.7 billion

Nelson NambooleNews & AnalysisNovember 3, 2022November 3, 2022

MTN Uganda has declared an interim dividend of UGX 5.4 per share, a total of UGX 120.9 billion, after its net profit surges 21% to UGX 292.7billion for the nine…