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TodayTuesday, May 05, 2026

Company News- Page 35

Company News
Ms. Lilly Ajarova, Chief Executive Officer, UTB (right; foreground) and Mr. Cornwell Muleya, Uganda Airlines Chief Executive Officer of Uganda Airlines (left; foreground) exchange cooperation agreements on February 4th 2020.

Uganda Tourism Board and Uganda Airlines sign landmark Brand Destination Uganda Promotion partnership

Uganda Tourism Board (UTB) and Uganda Airlines have today, February 5th 2020 signed a memorandum of understanding to combine their efforts to promote the tourism potential of Brand Destination Uganda. The two
February 4, 2020
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Ronald Azairwe, Managing Director of Pegasus Technologies Limited, has steered the company through a period of strong revenue growth and enhanced profitability in 2024, reinforcing Pegasus’ leadership in Uganda’s digital payments industry.

Pegasus Technologies’ 2024 net profit rises 18% to UGX6.7 billion, driven by revenue growth and increased efficiency

Pegasus Technologies Limited, one of Uganda’s top digital payment solutions providers, has reported impressive financial results for 2024, marked by strong revenue growth and a significant uplift in net profit after tax.
April 29, 2025
Ms. Annet Nakawunde Mulindwa, Managing Director of Finance Trust Bank, has steered the Bank to record-breaking growth in 2024, championing financial inclusion, women's empowerment, and sustainable banking in Uganda’s dynamic financial sector.

Finance Trust Bank Posts 178% Profit Surge in 2024, Hits UGX 10.3 Billion

Finance Trust Bank posted a record 178% profit growth in 2024, driven by strategic partnerships, a customer-focused business model, and major investments in women’s empowerment. The Bank now eyes an even stronger
April 28, 2025
Owen Amanya, Chief Executive Officer of Opportunity Bank Uganda, steered the institution to a 28% profit growth in 2024, demonstrating resilience and strategic focus even after transitioning to a Tier II Credit Institution.

Uganda’s Opportunity Bank Remains Resilient and Profitable Even After Downgrading to Tier II Credit Institution

Despite transitioning from a Tier I Commercial Bank to a Tier II Credit Institution in 2024, Opportunity Bank Uganda Limited has proven resilient, maintaining profitability, growing its loan book, and deepening its
April 27, 2025
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Managing Director of Airtel Uganda, Mr. Som Soumendra(3rd R), CEO of Eleving Group (MOGO’s parent company), Modestas Sudnius(L), Japhet Aritho(R), Airtel Mobile Commerce Uganda Managing Director, with other officials from both MOGO and Transsion Holdings at a partnership launch between Airtel Uganda and MOGO Uganda plus Transsion Holdings aimed at making quality smartphones more accessible and affordable to Ugandans across the country.

Airtel Uganda Partners with MOGO Uganda and Transsion to Bridge Smartphone Access Gap

Airtel Uganda, in partnership with MOGO Uganda and Transsion Holdings, has today launched an innovative smartphone financing initiative aimed at making quality smartphones more accessible and affordable to Ugandans across the country.
April 24, 2025
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President Yoweri Kaguta Museveni is conducted on a tour of the new Tembo Steels Direct Reduced Iron (DRI) Plant in Iganga by Chairman Sanjay Awasthi (in white t-shirt and cap) and General Manager Manish Kalla. The President, who commissioned the 250,000 TPY facility, hailed Awasthi for transforming Uganda’s steel industry and positioning the country as a leader in green, integrated steel manufacturing.

President Museveni Lauds Tembo Steels Founder for Transforming Uganda’s Steel Industry

President Museveni has praised visionary industrialist Mr. Sanjay Awasthi, the Chairman of Tembo Steels, for his transformative contribution to Uganda’s steel industry. This was as the President commissioned Tembo Steels one-of-a-kind 250,000-ton-per-year
April 18, 2025
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Left to Right: Nyombi Thembo (Executive Director, Uganda Communications Commission), Hon. Chris Baryomunsi (Minister for ICT and National Guidance) and Soumendra Sahu (Managing Director, Airtel Uganda) officially launch Africa’s first AI-powered SMS Spam Alert System—marking a major milestone in Uganda’s fight against digital fraud and mobile scams.

Airtel Uganda Introduces Africa’s First AI-Powered Spam Alert Service to Combat Digital Fraud

Airtel Uganda today unveiled its ground breaking AI-powered Spam Alert Service, becoming the first telecommunications provider in East Africa to offer network-level protection against fraudulent messages. This launch also makes Uganda the
April 16, 2025
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