Uganda Airlines, the country’s flagship carrier and one of the government’s most ambitious public investments in recent years, has been placed under formal investigation by the State House Anti-Corruption Unit…
Ugandans will access Starlink-powered satellite internet only through licensed local telecommunications operators and not through a direct consumer launch, the Uganda Communications Commission (UCC) has ruled. In a detailed clarification…
For all its vast infrastructure and apparent complexity, the internet can be switched off with startling ease. During Uganda’s 2021 general elections, this reality became clear when authorities imposed a…
For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their...
As Uganda’s insurance industry heads into 2026, it finds itself at a crossroads. Premiums are rising, claims are being paid at record levels, new players are entering the market, and…
Pan-African insurance brokerage powerhouse Olea has completed the acquisition and full merger of Marsh Uganda. This marks one of the most significant consolidations in Uganda’s insurance broking sector in recent years. The announcement, formally communicated by Olea on 20 November, brings to a close a five-year collaborative journey between the two firms. It positions Olea among the country’s top five insurance brokers by market share. In its statement, Olea called the merger a milestone that “strengthens our integrated, client-focused network across Africa.” It reinforces its commitment to delivering world-class, locally grounded risk solutions. With operations now spanning more than 25…
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Government has tabled a UGX1.696 trillion supplementary budget request before Parliament’s Budget Committee, with UGX422.264 billion earmarked as an initial payment for the purchase of 10 aircraft for Uganda Airlines. The request was presented by Works and Transport Minister Edward Katumba Wamala, who appeared before the committee on Monday, 1 December, as MPs considered Supplementary Expenditure Schedule Two ahead of its adoption by Parliament in the plenary sitting scheduled for Tuesday. Gen Katumba Wamala told the committee that the supplementary request is intended to cover urgent financing gaps within the transport sector that could not wait for the next budget…
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Despite a UGX25 billion shot in the wallet by government, Vision Group, the state majority-owned media house (government owns 53.3%), is still fishing in troubled waters, the just-published Annual Report 2024/25 shows. The capital injection, structured as a preference share investment, was meant to stabilise the business, ease its liquidity pressures, and give the country’s largest multimedia company a fair shot at recovery. Yet even with the sizeable boost and a slate of new investments under CEO Don Wanyama, Vision Group continues to post losses and confront deep structural challenges. The report paints a picture of an organisation that has…
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Fresh from just winning the Kinyara Golf Open which took place in Masindi from the 13-15 November, Meron Kyomugisha has her eyes set on the prize to repeat her the same display this weekend when the Equity NARO Golf Open tees off at the Mary Louise Simkins Memorial Golf Club, Namulonge. Kyomugisha was victorious at the same tournament in 2022 and believes, it’s her time to take her crown back, “This is the tournament that wraps up the year, 2025, has been good to me, and I have put in a lot of work strengthened my short game by working on…
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Tanzania Breweries Plc (TBL) has delivered another resilient quarter, ending September 30, 2025, with strong top-line growth, improved profitability, and sustained operational discipline despite rising finance costs and currency pressures. The brewer’s performance underscores the continued strength of its Core and Core+ beer portfolio, the resurgence of its spirits category, and efficient cost management across the business. TBL’s revenue grew by 10% to TShs 467.1 billion in Q3 2024, rising from TShs 426.1 billion recorded in the same period last year. Management attributes this performance to strong volume growth within the Core and Core+ beer segments, double-digit expansion of the…
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In a sweeping call for economic recalibration across the continent, Equity Group Managing Director and CEO, Dr. James Mwangi, has urged African governments to “let the private sector take on development projects,” arguing that sustainable growth will increasingly depend on private-sector investment rather than public expenditure. Speaking at the B20 Summit Fireside Chat in Johannesburg, Mwangi outlined Equity Group’s Pan-African ambitions—including expansion into 15 countries by 2030—and affirmed that all the Group’s subsidiaries are now “fairly profitable,” positioning the lender for its next phase of continental growth. Mwangi’s insights came during a high-level conversation on Bridging Priorities: Cooperation, Innovation, and…
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The B20 Summit places productivity and resilience at the heart of Africa’s economic future. Which structural weaknesses in Africa concern you most, and how is Sanlam positioning itself to strengthen resilience against these vulnerabilities? If you start geographically, there’s a major challenge because of just the sheer size of the place, the fact that the population is actually mostly along the coastline of Africa, with this vast interior. A lot of challenges in terms of infrastructure, movement of goods and people and so on, but I think over time, we would like to see more investment in infrastructure in Africa….
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In a room filled with policymakers, investors, and entrepreneurs at Four Points by Sheraton in Kololo, Kate Kiiza leaned into a truth many founders carry quietly: in Uganda, building a business is rarely just about hustle. It is also about surviving the weather of the economy. Kiiza, dfcu Bank’s executive director and chief corporate and institutional banking officer, was speaking at the Netherlands Uganda Trade & Investment Platform (NUTIP) forum during a panel titled “Scaling Through Support, Access to Finance and Services Ventures.” The theme was technical, but her message was human. Entrepreneurship, she said, is a long road that…
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TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a sharp reversal from the strong earnings momentum recorded in the previous year. The Group, which operates some of East Africa’s most prominent luxury and upscale lodges and city hotels, reported a loss after tax of KShs 16 million (UGX 448 million) for the first half of 2025, compared to a profit of KShs 696 million (UGX 19.49 billion) in the same period last year. The announcement, made in compliance with…
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By Dr. Florian Wessendorf Africa, blessed with some of the world’s highest solar irradiation levels, is experiencing an unprecedented surge in solar market momentum. From the vast deserts of the Sahel to the fertile plains of East Africa, investments are flowing, projects are scaling, and opportunities are multiplying. Yet, this is no mere flash in the pan; it’s a structured market evolution driven by policy alignment, technological innovation, and private-sector ingenuity. Intersolar Africa 2026, set to convene at Nairobi’s Sarit Centre on 3-4 February 2026, arrives at a pivotal moment. As organizers of this premier solar expo, we see firsthand…
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