Uganda Business News Archives – Page 13 of 18

The Starlink logo is seen on a mobile device with an grahpic illustration of planet Earth.

Uganda Government Moves to Tighten Unregulated Imports of Unlicensed Starlink Equipment

The Government of Uganda has moved to tighten controls on the importation of unlicensed Starlink satellite communication equipment, with a leaked internal memorandum from the Uganda Revenue Authority (URA) directing customs officers

December 23, 2025

The Big Story

A photo collage of U.S Ambassador to Uganda, William W. Popp, U.S Ambassador to Nigeria, Richard Merrill Mills Jr., and U.S Ambassador to Rwanda, Eric W. Kneedler.

Uganda, Rwanda and Nigeria Affected as Trump Recalls Nearly 30 Ambassadors Globally

In a sweeping diplomatic shake-up that has resonated across continents, the Trump administration is recalling nearly 30 U.S. ambassadors and senior career diplomats from posts around the world, a move officials describe

December 23, 2025

Global News·The Big Story

A photo collage of Old Mutual Insurance Uganda CEO Stephen Chikovore, and CFO Andrew Makumbi.

Stephen Chikovore, Old Mutual General Insurance’s CEO in Uganda to Step Down in January 2026

Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026. His exit

December 22, 2025

Banking & Financial Services·The Big Story

Dr. Richard Wemesa (third from left in blue suit) alongside his wife pose with a cheque after being declared second runner-up at the 2025 Best Farmers Awards. Looking on is Annette Kiconco (extreme left), dfcu Bank Chief Retail Banking Officer, Frederieke Quispel – Ambassador of the Kingdom of the Netherlands to Uganda (on extreme right), and Dr. Wemesa's farm managers.

Powered by dfcu: How a Bank Overdraft, Grit, and Vision Lifted Dr. Richard Wemesa onto Uganda’s Best Farmers List

When Dr. Richard Wemesa was announced as second runner-up at the 2025 Best Farmers Awards, the applause that followed did not merely celebrate a well-run farm in Wakiso District. The Vision Group’s

December 22, 2025

Banking & Financial Services·Company News

A photo of collage of Bank of Uganda Governor, Michael Atingi-Ego, Agnes Alaba- Commissioner, Mines Department, and Eng. Irene Pauline Batebe- Permanent Secretary, Ministry of Energy and Mineral Development.

Tight Rules, Big Money: Energy Ministry Restricts Gold Trade to Licensed Operators as Central Bank Enters a UGX 20 Trillion Market

The Ministry of Energy and Mineral Development has tightened control over Uganda’s gold trade, unfolding against a backdrop of record-breaking export earnings, a planned entry of the central bank into domestic gold

December 19, 2025

Energy, Oil & Gas·The Big Story

A photo collage of Abdi Mohamed- Absa Bank Kenya CEO, Khalid Garousha- Senior Partner of A&O Shearman, Michael Katz- Chairman of ENSafrica. Bottom row: Kentaro Okuda- President and Group CEO of Nomura Holdings, Atsushi Katsuki- President and Group CEO of Asahi Group Holdings, Jane Karuku- the Group MD & CEO of EABL.

Absa, ENS Africa, A&O Shearman and Nomura Advise Asahi Holdings on USD 2.3bn Acquisition of 65% Stake in EABL

Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition of a

December 18, 2025

East Africa·Global News·The Big Story

Israel Arinaitwe, Head of Personal Banking Stanbic Bank Uganda

Saving Smart: Stanbic’s Israel Arinaitwe on How Ugandans Can Build Wealth from Any Income Level

Stanbic Bank’s Head of Personal Banking, Israel Arinaitwe, often returns to a lesson Adam Smith captured in The Wealth of Nations: economic progress depends on a society’s stock of capital. To him,

December 17, 2025

Banking & Financial Services·News & Analysis

A photo collage of Finance Minister Matia Kasaija and UNOC CEO, Proscovia Nabbanja

Parliament approves UNOC’s UGX 7 trillion loan from Vitol Bahrain to fund oil refinery, Kenya pipeline shares and storage facilities

Parliament has approved a proposal authorising the Uganda National Oil Company (UNOC) to borrow up to USD 2 billion (UGX 7.12 trillion) from Vitol Bahrain E.C. (VBA), a global trader in crude

December 17, 2025

Energy, Oil & Gas·The Big Story

Redefining the CFO Role in Oil and Gas: How UNOC’s Emmanuel Mugagga Is Executing Strategy for National Impact

Emmanuel Mugagga is the Chief Financial Officer of the Uganda National Oil Company (UNOC) and Winner of the Strategy Execution Award at the 9th edition of the Chief Financial Officer Awards 2025–

December 16, 2025

Banking & Financial Services·Energy, Oil & Gas·The Big Story

A photo collage of UEDCL Managing Director, Paul Mwesigwa, and Absa Uganda CEO, David Wandera

UEDCL seals UGX 190 billion loan facility from Absa Bank Uganda amid performance probe

Uganda Electricity Distribution Company Limited (UEDCL) has secured a five-year financing facility worth USD 50 million (about UGX 190 billion) from Absa Bank Uganda to fund urgent upgrades to the national electricity

December 16, 2025

Politics & Goverment·The Big Story

Uganda Business News- Page 13

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