The Big Story

Accelerate adoption of data science, leadership, governance and AI for evidence-based decision-making⏤ experts urge Ugandan businesses and government

Muhereza KyamuteteraNews & AnalysisThe Big StoryNovember 21, 2024November 21, 2024

Experts and government officials participating in the recently concluded Data Analytics, Artificial Intelligence and Data Governance Symposium have all underscored the need for the government, the private sector and not-for-profits…

Money lenders lock horns with UMRA, Finance Ministry over 2.8% interest cap 

Paul MurungiThe Big StoryNovember 20, 2024November 20, 2024

Money lenders and some private sector players have warned of dire consequences to the economy over the new interest cap of 2.8 percent per month for money lenders instituted by…

2024 INTERNATIONAL MEN’S DAY: The world needs and should support building more positive male role models 

Oscar MuwangaThe Big StoryThought LeadershipNovember 19, 2024November 19, 2024

The 2024 International Men’s Day offers us an opportunity to once again turn our attention towards men by recognising and celebrating their contributions to their families, communities and workplaces.  This…

ANALYSIS: Bank of Uganda’s gold purchase programme⏤ a step in the right direction, despite the complex challenges

Paul MurungiThe Big StoryNovember 18, 2024February 27, 2025

Uganda’s central bank, the Bank of Uganda, has its work cut out in implementing its domestic gold purchase programme that was launched in July this year.  The Bank’s gold programme…

Uganda Unveils Forestry Compensation Strategy to Tackle Energy Sector Emissions

Brian EmorutEnergy, Oil & GasPolitics & GovermentThe Big StoryNovember 15, 2024November 15, 2024

On Friday, November 15, 2024, Uganda took a significant step toward addressing climate change by launching its Alliance for Climate Forestry Compensation Strategy during the ongoing UN Climate Summit (COP29)…

Ugandan Banks harvest UGX 1.4 trillion in net profits as assets grow to UGX 53 trillion- Bank of Uganda data

Paul MurungiThe Big StoryNovember 14, 2024November 14, 2024

Latest data from Bank of Uganda (BOU) shows Ugandan banks and other supervised financial institutions, remain profitable and adequately capitalised following a surge in net-after-tax profit to UGX 1.4 trillion…

Habitat for Humanity to receive a $500,000 grant from The Citi Foundation to help combat homelessness in Uganda

Brian EmorutBanking & Financial ServicesCompany NewsNews & AnalysisThe Big StoryNovember 13, 2024November 13, 2024

The Citi Foundation has announced the 50 community organizations around the world that are set to each receive $500,000 (UGX 1.8 Billion) in catalytic funding as part of the 2024…

Equity Group Holdings PLC Reports 3rd Quarter 2024 Profit After Tax of Kshs 40.9 Billion

Brian EmorutBanking & Financial ServicesCompany NewsEast AfricaGlobal NewsThe Big StoryNovember 12, 2024November 12, 2024

Against a backdrop of continued macroeconomic headwinds of high interest rates and volatile exchange rates across the markets that the Group operates in, Equity Group Holdings Plc (EGH) continues to…

Stanbic Bank Partners with Adjumani Hospital to Achieve Zero Maternal Mortality in West Nile

Brian EmorutCompany NewsNews & AnalysisThe Big StoryNovember 12, 2024November 12, 2024

Stanbic Bank has partnered with Adjumani Hospital to spearhead a campaign to eradicate maternal mortality in the West Nile subregion. This initiative, announced during the bank’s October L.O.V.E Month, underlines…

Ugandan golfers light up Limuru Country Club as I&M Bank Katogo Golf Series makes Kenyan debut

Brian EmorutCompany NewsNews & AnalysisThe Big StoryNovember 11, 2024November 11, 2024

Over 200 amateur golfers from Uganda and Kenya participated in the first-ever I&M Bank Katogo Golf Series tournament at Limuru Country Club on Saturday, November 9, 2024. Dubbed the ‘Migingo…