News & Analysis

Stanbic Bank Kenya’s Q1 Profit Drops by 16% on Lower Forex Income

Paul MurungiGlobal NewsNews & AnalysisThe Big StoryMay 12, 2025May 12, 2025

Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc, reported a 16.6% decline in net profit for the first quarter ended March 2025, largely attributed to a sharp drop in…

Kampala Africa AI Summit sparks conversations on driving AI adoption across the continent’s key sectors

Brian EmorutCompany NewsNews & AnalysisThe Big StoryMay 11, 2025May 11, 2025

Uganda hosted the Africa Artificial Intelligence Summit (AAIS), that took place May 8th–9th, at Speke Resort Munyonyo, in Kampala. The summit brought together industry leaders, professionals, technologists, academia, state actors,…

East Africa Powers Airtel Africa’s Growth with Strong Performance Across Voice, Data and Mobile Money

Brian EmorutCompany NewsNews & AnalysisThe Big StoryMay 10, 2025May 10, 2025

Airtel Africa has reported a resilient performance in its East African operations for the financial year ending March 31, 2025, underscoring the region’s strategic role in the company’s overall success….

I&M Bank Mastercard holders to receive up to 15% discount on Kenya Airways flight tickets

Brian EmorutBanking & Financial ServicesNews & AnalysisMay 9, 2025May 9, 2025

I&M Bank Uganda and Kenya Airways have announced a special discount for customers on international tickets. Customers can now enjoy up to 15% off international flights (worldwide) to select destinations…

Airtel Africa to list its Airtel Money unit to counter growing dominance of mobile money and other fintechs

Paul MurungiGlobal NewsNews & AnalysisThe Big StoryMay 9, 2025May 9, 2025

Airtel Africa has announced plans to list its Airtel Money unit to secure more capital as it seeks a top spot in the growing digital payments ecosystem across Africa, and…

Ugandans among 10 global innovators selected for Young Inventors Prize in Iceland

Paul MurungiGlobal NewsNews & AnalysisThe Big StoryMay 9, 2025May 9, 2025

The European Patent Office (EPO) has selected two Ugandans as part of the top 10 global innovators for the first standalone edition of the Young Inventors Prize 2025.  Sandra Namboozo…

Wendi, PostBank’s Mobile Wallet Hits Over 1 million Users thanks to its 10% Annual Interest Incentive

Paul MurungiCompany NewsNews & AnalysisTechnology & InnovationMay 8, 2025May 8, 2025

In 2023, PostBank Uganda (PBU) launched an innovative digital wallet called Wendi. The mobile wallet was designed to foster prosperity for Ugandans by bridging the financial inclusion divide and extending…

Airtel Africa plc Releases Results for the Year Ended 31st March 2025

Brian EmorutCompany NewsNews & AnalysisSponsored ContentMay 8, 2025May 8, 2025

Operating highlights Financial performance 10.6% and data revenue growth of 30.5%. Mobile money revenue grew by 29.9% in constant currency. Capital allocation Sunil Taldar, chief executive officer, on the trading…

Soroti City Residents Urged on Personal and City Hygiene as Yonja Campaign Sweeps Through

Brian EmorutCompany NewsNews & AnalysisMay 8, 2025May 8, 2025

The Uganda Bikers Association (UBA), in partnership with civic-minded organizations and Soroti City authorities, has called on residents to take greater responsibility for both personal and public hygiene. This call…

MTN Uganda reports UGX 181 billion profit after tax in first quarter of 2025

Paul MurungiNews & AnalysisTechnology & InnovationThe Big StoryMay 7, 2025May 7, 2025

MTN Uganda has announced a profit after tax (PAT) of UGX 181 billion for the first quarter ended March 31, 2025, representing a 20.6% year-on-year increase from UGX 150 billion…