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TodayTuesday, May 05, 2026

East Africa Business News

Elizabeth Namaganda, Pride Bank Marketing Manager, advocates for empowering women through mentorship, equal opportunity, and inclusive leadership, championing a future where Ugandan women build stronger families, communities, and economies through shared growth.
Elizabeth Namaganda, Pride Bank Marketing Manager, advocates for empowering women through mentorship, equal opportunity, and inclusive leadership, championing a future where Ugandan women build stronger families, communities, and economies through shared growth.

Build Homes, Not Empires: Why Empowering Women is Uganda’s Greatest Gain

By Elizabeth Namaganda In the heart of East Africa, a pulse of resilience defines the Ugandan woman. As we celebrate Women’s Day under the theme “When we give, we gain,” I find
March 8, 2026
Three of Uganda Airlines’ six owned aircraft are grounded, forcing the carrier to operate below capacity and disrupt long-haul routes as new leadership steps in amid mounting financial pressure.
Three of Uganda Airlines’ six owned aircraft are grounded, forcing the carrier to operate below capacity and disrupt long-haul routes as new leadership steps in amid mounting financial pressure.

Internal Report Shows Three Uganda Airlines Planes Grounded

An internal brief prepared for the new consulting cum interim chief executive officer, Girma Wake, shows that Uganda Airlines is currently operating only five aircraft against a required schedule of eight. The
February 21, 2026
Prof. Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, may have just let the cat out of the bag on Uganda’s glittering gold export boom — providing vital clues to the elephant in the room of the country’s overnight success story, long touted by government as proof of recent economic momentum: whose gold is it, really?
Prof. Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, may have just let the cat out of the bag on Uganda’s glittering gold export boom — providing vital clues to the elephant in the room of the country’s overnight success story, long touted by government as proof of recent economic momentum: whose gold is it, really?

‘It May Not Be Ours’: Deputy Central Bank Governor Suggests Uganda’s Sudden USD6.4 bn Gold Boom is Fuelled by Re-Exports

The Deputy Governor, Bank of Uganda, Prof. Augustus Nuwagaba, has drawn attention to a key structural feature of Uganda’s recent gold export performance: while gold has become the country’s largest source of
February 13, 2026
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Charles Mbire (left) and NSSF Managing Director Patrick Ayota (right) pictured with the MTN Uganda logo as MTN shares rally and NSSF’s stake surpasses UGX 1 trillion.
Charles Mbire (left) and NSSF Managing Director Patrick Ayota (right), whose MTN Uganda shareholdings have surged in value as the telecom’s stock rally pushed NSSF’s stake past UGX 1 trillion.

NSSF stake in MTN Uganda hits UGX1 trillion

MTN Uganda shares have staged a strong rally on the Uganda Securities Exchange (USE), delivering massive gains to its largest local investors in just eight weeks as the stock surged by UGX116
February 9, 2026
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Gift Shoko, Managing Director, Equity Bank Uganda — overseeing a key milestone in the bank’s transition to in-country core banking infrastructure, strengthening security, service reliability, and compliance with new Bank of Uganda data regulations.

Equity Bank Uganda to Relocate Core Banking Data From Kenya to Uganda  Under New Central Bank Rules

Equity Bank Uganda will this weekend migrate its core banking data — including its Finacle database — from Kenya to an in-country data centre in Uganda, in a move aimed at strengthening
February 6, 2026
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Banks are lending more freely for now, but election uncertainty and rising credit risks are prompting lenders to prepare for tighter, more selective lending conditions as 2026 approaches.
Banks are lending more freely for now, but election uncertainty and rising credit risks are prompting lenders to prepare for tighter, more selective lending conditions as 2026 approaches.

Banks Ease Lending Now but Prepare to Tighten as Election Risks Rise

Banks are lending more freely for now, but are preparing to tighten the taps as election uncertainty builds, and borrowers show signs of strain. Lending conditions in the quarter ending December 2025
January 6, 2026
Deepak Pandey is poised for a comeback as CEO of the reorganised Jubilee Life Insurance, with insiders citing his experience, institutional knowledge and regional leadership as key to guiding the insurer’s next phase.
Deepak Pandey is poised for a comeback as CEO of the reorganised Jubilee Life Insurance, with insiders citing his experience, institutional knowledge and regional leadership as key to guiding the insurer’s next phase.

Deepak Pandey Set for Comeback as CEO of Reorganised Jubilee Life Insurance

Deepak Pandey is poised to make a return to the top of Uganda’s insurance industry after being lined up as Chief Executive Officer of the reorganised Jubilee Life Insurance, according to sources
December 23, 2025
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