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March 6, 2026
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    Uganda Business News

    Afreximbank Extends $50 Million Debt Financing to Spiro Electric Mobility Company

    Paul MurungiThe Big StoryTransport & LogisticsFebruary 25, 2026February 25, 2026

    Afreximbank has extended $50 million in debt financing to African electric mobility company Spiro, as the firm scales up its clean transport infrastructure across the continent.  The transaction, first reported…

    QA: Four Years at PACEID: Odrek Rwabwogo on Building Uganda’s Export Potential One Firm at a Time — and the Non-Negotiables the Country Must Prioritise

    Muhereza KyamuteteraMarkets & MoneyThe Big StoryFebruary 24, 2026February 24, 2026

    As you approach four years as Chairperson of PACEID, what was the single biggest problem you were determined to solve in Uganda’s export and industrial story when you took on…

    Pearl Bank Commits UGX 200 Million to JCRC’s USD 4 Million Bone Marrow Transplant Centre Under 4-Year Partnership  

    Paul MurungiBanking & Financial ServicesCompany NewsFebruary 24, 2026February 24, 2026

    Pearl Bank and the Joint Clinical Research Centre (JCRC) have announced a four-year strategic partnership to support the establishment of a specialized Bone Marrow Transplant (BMT) centre.  The facility is…

    Cabinet Approves UNOC Acquisition of 20.15% Stake in Kenya Pipeline Company

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 24, 2026February 24, 2026

    The Uganda National Oil Company (UNOC) has secured a 20.15 percent strategic shareholding in the Kenya Pipeline Company (KPC) following Cabinet’s approval.   The deal marks a significant milestone in Uganda’s…

    Airtel Uganda Data Revenues Overtake Voice as Net Profit Hits UGX 447 Billion

    Paul MurungiBusiness & MarketsTechnology & InnovationThe Big StoryFebruary 23, 2026February 23, 2026

    Airtel Uganda has reported profit after tax of UGX 446.9 billion for the year ended December 31, 2025, an increase of UGX 130.2 billion from UGX 316.7 billion recorded in…

    Three of Uganda Airlines’ six owned aircraft are grounded, forcing the carrier to operate below capacity and disrupt long-haul routes as new leadership steps in amid mounting financial pressure.

    Internal Report Shows Three Uganda Airlines Planes Grounded

    Paul MurungiThe Big StoryFebruary 21, 2026February 21, 2026

    An internal brief prepared for the new consulting cum interim chief executive officer, Girma Wake, shows that Uganda Airlines is currently operating only five aircraft against a required schedule of…

    Fred Muwema, founding partner of Muwema & Co. Advocates, in a composite image with the Windsor Crescent Road, Kololo property referenced in the Commercial Division judgment issued on 20 February 2026.

    Court Orders Muwema & Co. Advocates to Pay USD 372,300 and Vacate Kololo Premises

    Muhereza KyamuteteraLegal & JusticeReal Estate & ConstructionFebruary 20, 2026February 20, 2026

    The High Court (Commercial Division), sitting at Kampala, has today, 20th February 2026, ordered M/S Muwema & Co. Advocates to pay USD 372,300 in rent arrears and mesne profits, UGX…

    Uganda Airlines Grounds Two Long-Haul Jets, Affecting London and Mumbai Flights as Dubai Service Continues

    Paul MurungiThe Big StoryTransport & LogisticsFebruary 20, 2026February 24, 2026

    Uganda Airlines has announced temporary flight disruptions after grounding two of its long-haul aircraft for unscheduled maintenance, affecting its London and Mumbai routes. In a statement dated February 20, the…

    Canal+ Tightens Grip on SuperSport as Sports Rights Decisions Shift from South Africa to Paris

    Paul MurungiBusiness & MarketsThe Big StoryFebruary 20, 2026February 20, 2026

    French media conglomerate Canal+ has moved to consolidate control over SuperSport’s sports rights acquisitions, transferring decision-making authority from South Africa to its headquarters in Paris.  The development follows Canal+’s 3…

    Pearl Bank Wins Top Agri-SME Lender Award as Aceli Africa Charts Next Phase of Agricultural Finance

    Paul MurungiBanking & Financial ServicesThe Big StoryFebruary 19, 2026February 19, 2026

    Pearl Bank has been named Best Agri-SME Lender at the Aceli Africa Uganda Stakeholder Roundtable, in a recognition that underscores the bank’s growing influence in agricultural financing. The bank’s Supervisor…

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