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TodayWednesday, May 06, 2026

Trade and Development Bank

Investment Minister Evlyne Anite had until recently been the biggest push factor behind UTL’s revamp, while ICT Permanent Secretary Aminah Zaweede, is at the forefront of a ministry that holds majority of government’s equity in UTCL. The appointment of Paul Patrick Ikopit as UTCL chief executive officer in April had carried hope, but it seems to be fading. Nearly a year after government announced a major private equity-backed revival, Uganda Telecom’s rebrand remains stalled, with promised capital yet to materialise as competition in the telecom market intensifies.
Investment Minister Evlyne Anite had until recently been the biggest push factor behind UTL’s revamp, while ICT Permanent Secretary Aminah Zaweede, is at the forefront of a ministry that holds majority of government’s equity in UTCL. The appointment of Paul Patrick Ikopit as UTCL chief executive officer in April had carried hope, but it seems to be fading. Nearly a year after government announced a major private equity-backed revival, Uganda Telecom’s rebrand remains stalled, with promised capital yet to materialise as competition in the telecom market intensifies.

Left in limbo: The UTL Revival and Rebrand Being Tested by a Capital Promise that has Refused to Arrive

For nearly a decade now, state-owned telecom has been locked in a cycle of crisis and hopeful relaunches. The story of the Uganda Telecom Limited (UTL) revamp is one of serial decline,
February 4, 2026
President Uhuru Kenyatta looks at the model of the Trade and Development Bank which he officially opened yesterday in Nairobi. Courtesy photo

Kenyatta opens new Trade and Development Bank tower

Kenyan president Uhuru Kenyatta has opened the new permanent premises of the Trade and Development Bank. The magnificent 20-floor tower, located in Nairobi’s Kilimani area, will serve as the bank’s Eastern Africa
June 8, 2022
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Prime Minister Dr Ruhakana Rugunda and Richard Byarugaba, shareholder representative on the TDB Board of Governors stand in front of the donated supplies. Byarugaba said the donation will enhance Ugandan hospitals and health care workers’ level of preparedness to combat the Covid-19 pandemic and make sure that they, themselves, are adequately protected to continue helping others

COVID-19 FIGHT: Trade and Development Bank Donates Medical Supplies to 60 Ugandan Hospitals

The Eastern and Southern African Trade and Development Bank (TDB), in collaboration with the Office of the Prime Minister and Uganda’s National Response Fund to Covid-19, has donated locally-procured medical supplies and
September 8, 2020

 

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