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PostBank Uganda, whose purpose is to foster prosperity for Ugandans, has today shared Eid Al-Adha joy with the Muslim community across different regions, where the bank has a branch in…
dfcu Bank has launched the GROW Loan initiative in Eastern Uganda to support women entrepreneurs in the region with financial support and business training to scale their businesses. The event, held in Jinja, marks a significant step in dfcu Bank’s commitment to fostering economic growth and supporting women in business through access to affordable credit, tailored financial solutions, and capacity building. The GROW Loan is designed specifically for women in business who are looking to expand and strengthen their enterprises. The initiative addresses the unique challenges faced by women entrepreneurs, offering them not just financial assistance but also the mentorship…
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Umeme Limited, Uganda’s largest power distribution company, has invested USD15.2 million (UGX55.7 billion) into two major power supply quality and reliability projects in the Mbale Umeme district. The two projects are: the USD9.23 million (UGX34 billion) Siti 2 Project and the USD5.99 (UGX22 billion) Tangshan Mbale Industrial Park Project. When complete, the two projects will ramp up Mbale’s electricity supply by more than three-fold, from the current 20 MW to 61 MW. According to Umeme, these two ahead-of-the-demand-curve investments are in line with power company’s 2019-2025 investment plan in which up to USD450m (Shs1.7 trillion) has been lined up…
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