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…
Global spirits giant Diageo has agreed to sell its majority stake in East African Breweries Limited (EABL) to Japan’s Asahi Group Holdings, marking a significant shift in the ownership of East Africa’s largest beer producer. Under the deal, Diageo will sell its 65% shareholding in EABL, along with its interests in the Kenyan spirits business, United Distillers and Vintners Kenya (UDVK), to Asahi. The transaction is expected to generate net proceeds of approximately $2.3 billion for Diageo after tax and transaction costs, valuing EABL at an implied enterprise value of $4.8 billion. Diageo said the disposal aligns with its strategy…
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I&M Bank has introduced IMBRISK, a transactional solution that enables customers (new and existing) to deposit, withdraw, and transfer funds across I&M Bank branches in Uganda, Kenya, Tanzania, and Rwanda. With this solution, customers can now seamlessly manage their funds and make transactions at any I&M Bank branch in the region, beyond the country where their account is domiciled. With the East African Community (EAC) borders open to member citizens for visa-free travel and movement, IMBRISK now gives customers the freedom to access their finances seamlessly while conducting business or traveling anywhere in the region. IMBRISK aims to address the…
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For ten years, the Stanbic National Schools Championship (NSC) has steadily established itself as one of Uganda’s most effective youth development initiatives. Designed to strengthen practical skills, encourage innovation and stimulate enterprise at school level, the programme has become a reference point for how corporate partnerships can contribute to national progress. On 11 December 2025, during the 5th Uganda Marketing Excellence Awards (UMEAS) ceremony held at the Kampala Serena Hotel, NSC received two major awards at the event organised by Evolve Group Africa. NSC won the Best Use of Sustainability Award and the Best Not-for-Profit/Social Good Campaign Award. This recognition…
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Parliament has approved a proposal authorising the Uganda National Oil Company (UNOC) to borrow up to USD 2 billion (UGX 7.12 trillion) from Vitol Bahrain E.C. (VBA), a global trader in crude oil and petroleum products supply and marketing. The financing marks a decisive shift toward non-traditional financing to unlock oil-linked and national infrastructure projects amid tightening global capital for fossil fuel investments. The proposal presented by the Ministry of Finance in its capacity as a shareholder in UNOC builds on an existing commercial relationship between UNOC and Vitol Bahrain. In August 2023, Government, through UNOC, entered into a Petroleum…
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The Petroleum Authority of Uganda’s Corporate Affairs Manager on courage, calling, loss, leadership, and living a life aligned with purpose. In Uganda’s rapidly evolving oil and gas sector, an industry layered with complexity, scrutiny, political sensitivity, technical sophistication, and high public expectations, communication is not a function; it is a responsibility. Few professionals have carried that responsibility with as much steadiness, clarity, and grace as Gloria Sebikari, Manager of Corporate Affairs at the Petroleum Authority of Uganda (PAU). Her career has unfolded across the rise of Uganda’s petroleum industry. From the early exploration stage, the policy and regulatory foundations, the…
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Vodacom Tanzania has reported strong operational and financial momentum in the first half of 2025/26, underpinned by double-digit revenue growth, expanding cash flows, and accelerating performance in its core digital and mobile money businesses. However, the telecom reported a marginal dip in net profit linked to deliberate, short-term investment decisions. In the six months to September 2025, the telecom’s revenue grew by 24% to TZS 905.3 billion (UGX 1.31 trillion), lifting operating profit by 27.8%, and swung free cash flow into positive territory at TZS 24.9 billion (UGX 35.9 billion). While net profit after tax edged down by 1.2% to…
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Mobile money is the backbone of Uganda’s everyday economy. With over 30 million registered accounts and trillions of shillings transacted every month, mobile money powers how Ugandans pay, trade, and support one another. Much of this activity peaks on weekends. Across the country, Saturdays and Sundays record some of the highest transaction volumes, driven by market days, travel, social functions, remittances, and informal trade. For mobile money agents in taxi parks, trading centres, and neighbourhood kiosks, weekends are often the most profitable days of the week. Yet they have also been the most frustrating. When demand is highest, access to…
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Emmanuel Mugagga is the Chief Financial Officer of the Uganda National Oil Company (UNOC) and Winner of the Strategy Execution Award at the 9th edition of the Chief Financial Officer Awards 2025– an initiative of ACCA Uganda and Deloitte Uganda. At UNOC, an institution entrusted with managing Uganda’s commercial interests across the petroleum value chain, Mugagga sits at the intersection of a sector where decisions span decades, capital runs into billions, and outcomes shape national destiny and strategy is only as powerful as its execution. In this conversation with CEO East Africa’s Paul Murungi, Mugagga reflects on his journey into…
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Government has issued a default notice of dozens mining companies and licence holders after unpaid mineral rent arrears climbed to UGX 3.75 billion. Woodcross Mining Company Limited and Kilembe Mines Limited are listed as the largest defaulters, according to a public notice by the Ministry of Energy and Mineral Development. In the notice, the Ministry reminded mineral rights and licence holders that under the law, all licence holders have a legal obligation to pay annual mineral rent and royalties to government. The Ministry said the notice serves as the last and final demand, giving defaulters 14 days to clear outstanding…
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Uganda Electricity Distribution Company Limited (UEDCL) has secured a five-year financing facility worth USD 50 million (about UGX 190 billion) from Absa Bank Uganda to fund urgent upgrades to the national electricity distribution network, even as the company’s board undertakes a comprehensive investigation into the performance and conduct of senior management. The facility, signed on December 15 at the UEDCL Tower in Nakasero, is earmarked for network reinforcements, construction of new electricity substations, rollout of smart-grid initiatives, reduction of technical losses and integration of renewable energy generation. According to UEDCL, the investments are expected to improve electricity reliability, unlock suppressed…
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