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The United States of America has moved to reset relations with Uganda, with Secretary of State Marco Rubio speaking by phone with President Yoweri Museveni about “opportunities to deepen U.S.–Uganda cooperation on migration, reciprocal trade, and commercial ties.” In a readout attributable to U.S Principal Deputy Spokesperson Tommy Pigott, the U.S Secretary who spoke to President Museveni yesterday also thanked Uganda for serving as a pillar of regional stability through its peacekeeping roles in East Africa. The outreach comes as both sides test whether months of friction over rights and aid can give way to a more pragmatic and economics-first…
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Ugandan billionaire businessman and philanthropist Dr. Sudhir Ruparelia will return as a keynote speaker at the 15th UK–Africa Business Summit, scheduled for Friday, 12th September 2025, at the iconic Royal…
Damali Ssali has been appointed as the new Country Director for Global Alliance for Improved Nutrition (GAIN) in Uganda. GAIN is a Swiss-based foundation launched at the United Nations in 2002 to tackle malnutrition by working with governments, businesses and civil society. Damali is a bold and visionary leader with over 18 years of executive-level experience at the intersection of financial services, trade facilitation, private sector development, and innovation in Africa. As GAIN’s new Country Director in Uganda, she brings a unique combination of strategic insight, global expertise, and deep commitment to inclusive development. Her professional journey began in the…
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Standard Chartered is set to invest in boosting regional trade, particularly between Uganda and the Middle East. The Middle East has emerged as one of the major export destinations for…
Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business. The London-based group announced in November last year its intention to sell its Wealth and Retail Banking (WRB) businesses in Botswana, Uganda, and Zambia, as it seeks to concentrate resources on serving the cross-border needs of global corporate and financial institution clients. “We’re currently looking at the right partners who can buy that business. We’ve got a lot of interest but it’s still all work in progress…because it is a discussion with a…
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The Uganda Chapter of the East African Business Council (EABC) has reaffirmed its commitment to fostering regional economic integration, with the election of new representatives during the Chapter’s Annual General Meeting held at the PSFU Boardroom in Kampala. The meeting brought together key stakeholders from Uganda’s private sector, underscoring the country’s dedication to advancing trade and investment within the East African Community (EAC). The election was officiated over by PSFU Chair, Mr. Humphrey Nzeyi, who urged the Directors to fully dedicate themselves to representing the interests of Uganda’s private sector on the regional, continental and global stage. The newly elected…
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Dr. Mahmoud Momtaz, the Chairperson of The Common Market for Southern and Eastern Africa (COMESA) Competition has cleared the merger and acquisition of Uganda’s Finance Trust Bank with Nigeria’s Access Bank, a decision that is slated to impact market dynamics in East Africa’s banking industry. Access Bank will acquire up to 80.89% of the issued shares, which is a subscription of 35 million ordinary shares pursuant to the proposed capital investment into Finance Trust Bank from the initial proposed acquisition of 69.7 percent. Upon completion of the proposed transaction, Finance Trust Bank institutional shareholders including, Oiko Credit Ecumenical Development Cooperative…
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