In a dazzling evening ceremony on August 21, 2025 at the Kampala Serena Hotel, VAAL Uganda officially launched The Bridge Kololo — a two-tower luxury residence connected by a sky…
If Uganda Property Holdings Limited (UPHL) were a building, it would be a grand structure – spacious, magnificent on the outside, and centrally located. But get in and you notice…
Billionaire Ugandan businessman, Dr. Sudhir Ruparelia who has made a USD1 billion fortune investing in Uganda since the 1980s, will be a keynote speaker at this year’s, 14th UK-Uganda Annual Trade Investment Summit, 2024. He will be speaking about how to unlock the various business opportunities in Uganda and how to unlock them. This year’s event shall take place on the 6th of September 2024 at The Mayfair Hotel, London under the theme: “Accelerating Growth Through Partnerships for Global Market Expansion in East Africa”. Other notable speakers from Uganda include Hon Matia Kasaija, Minister of Finance, Planning and Economic Development,…
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A stormy meeting chaired by President Museveni on Wednesday night to resolve the fights between Evelyn Anite, the Investment and Privatisation Minister, and Uganda Investment Authority (UIA) boss, Robert Mukiza, ended with the President calling for Anite to forgive Mukiza, and have speedy investigations instituted into the loan agreements signed to re-develop the Namanve Industrial Park infrastructure. The Attorney General will lead the investigations into loan agreements to address the glaring issues with a report expected in two weeks to be presented to the President for action. Government secured USD 200 million (UGX 735 billion) in 2019 sourced from UK…
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Finance Minister, Matia Kasaija yesterday unveiled the top four priority sectors in the 72 trillion Budget for the next Financial Year 2024/25 beginning July 1st. Presenting the National Budget at Kololo Ceremonial Grounds on June 13th, Kasaija gave a glowing perspective of Uganda’s economic outlook as, “positive and optimistic.” “The economy has remained resilient and has fully recovered from a myriad of internal and external shocks,” said the Minister Kasaija, adding that the economy is projected to grow between 6.4% & 7% next FY and double digit over the next 5 years. The Budget is the fifth, and therefore the…
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Most adult Ugandans, especially those who grew up in urban areas, have very fond memories of Uganda Telecom, popularly known as Uganda Telecom. Yes, memories, because despite it at one…
The Uganda Alcohol Industry Association (UAIA) has met the Minister of State for Investment, Hon Evelyn Anite and the Minister of State for Trade Hon David Bahati to address major concerns on the proposed Alcohol Drinks Control Bill 2023, which seeks to regulate the manufacture, importation, sale, consumption and advertisement of alcoholic drinks in Uganda. During the consultation meeting at the Ministry of Finance and Economic Planning boardroom, members of the association pointed out untenable clauses that need to be reviewed due to the negative impact they pose on the economy and the industry once enacted into law. Key among…
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Turaco, one of the leading insurtech companies in Africa, becomes the first insurtech in Uganda to acquire an underwriting license, with a promise to be a leader in the provision of “affordable and simple microinsurance products, reaching unserved and underserved Ugandans in line with its global mission of insuring 1 billion people”. “Turaco Microinsurance will design and distribute simple products that target the key risks mass-market customers face, with policies starting at just UGX1,000 per month. Through its customer-centric approach, Turaco Microinsurance will offer terms and conditions that are simple enough to fit 3 SMS messages, such that even first-time…
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PostBank on Tuesday announced its financial results reporting a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported that net profit reached UGX 15.1 billion, up from the UGX 12.2 billion reported in 2021. PostBank’s total assets grew significantly, by 21.3% from UGX 745 billion in 2021 to UGX 946. 6 billion in 2022, which is almost 1 trillion. The bank’s total income also increased from UGX 144.5 billion in 2021 to UGX 159.2 billion in 2022. Andrew Otengo Owiny, the Board Chairman of PostBank, expressed his satisfaction with the bank’s performance, noting…
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A total of 500 Small and Medium Enterprises have been equipped with skills in agricultural value addition and financial literacy courtesy of PostBank Uganda and the Federation of Small and Medium Sized Enterprises – FMSE. In September this year, PostBank Uganda, a government financial institution that is committed to transforming lives and livelihoods committed Shs 80 million to FSME towards value addition and financial literacy trainings for SMEs. Under its Corporate Social Responsibility activity, the bank in partnership with the federation under the theme Yongela Ko Omutindo, seeks to positively affect small-sized businesses which will, in turn, improve the country’s…
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