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March 6, 2026
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    Uganda Business News

    UBC Records UGX 7.5bn Loss as Financial Pressures Deepen

    Paul MurungiThe Big StoryFebruary 8, 2026February 8, 2026

    Uganda Broadcasting Corporation (UBC) reported a loss after tax of UGX 7.5 billion in the 2024/25 financial year, a sharp deterioration from the UGX 1.432 billion loss recorded the previous…

    Uganda Railways Records UGX 32.8b Loss as UGX 4.6b in Assets Sit Idle

    Paul MurungiThe Big StoryTransport & LogisticsFebruary 8, 2026February 8, 2026

    Uganda Railways Corporation (URC) closed the 2024/25 financial year with a net loss of UGX 32.810 billion, underscoring persistent structural and operational weaknesses in the railway sub-sector. Although the loss…

    URSB’s Online Business Registration System Still Slow Despite UGX 6.5b Investment

    Paul MurungiBusiness & MarketsThe Big StoryFebruary 8, 2026February 8, 2026

    Uganda Registration Services Bureau’s (URSB) flagship digital business registration platform remains slow, unreliable and vulnerable to abuse despite an investment of nearly UGX 6.5 billion, according to the Auditor General….

    UNOC Profits Surge to UGX 359.7b, but Fuel Buffer Gaps Expose Supply Risks

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 8, 2026February 8, 2026

    Uganda National Oil Company (UNOC) posted a strong profit of UGX 359.7 billion in the 2024/25 financial year, a sharp turnaround from the UGX 3.7 billion loss recorded the previous…

    Bank of Uganda Warns of Inflation Risks If Oil Production is Delayed Again

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 6, 2026February 6, 2026

    Oil production is increasingly shaping Uganda’s inflation outlook, not only as a future driver of growth, but as a critical stabilising force for prices and the exchange rate. Bank of…

    Equity Bank Uganda to Relocate Core Banking Data From Kenya to Uganda  Under New Central Bank Rules

    Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryFebruary 6, 2026February 6, 2026

    Equity Bank Uganda will this weekend migrate its core banking data — including its Finacle database — from Kenya to an in-country data centre in Uganda, in a move aimed…

    Museveni Meeting With Former Ethiopian Airlines CEO Sparks Speculation Over Uganda Airlines CEO Job

    Paul MurungiThe Big StoryTransport & LogisticsFebruary 5, 2026February 5, 2026

    President Museveni has held discussions with Girma Wake, the former Chief Executive Officer of Ethiopian Airlines, amid an ongoing search for a substantive Chief Executive Officer of Uganda Airlines following…

    Uganda Airlines Sets 60-Year Age Limit in Search for New CEO

    Paul MurungiBusiness & MarketsThe Big StoryThe Executive TravelerFebruary 4, 2026February 4, 2026

    Uganda Airlines has formally launched the search for a new Chief Executive Officer (CEO), setting a maximum age limit of 60 years as part of the eligibility criteria,  The search…

    Why AI Conversations Are Over and Execution Has Begun in Uganda’s Businesses

    Kisakye ImaniTechnology & InnovationFebruary 3, 2026February 5, 2026

    Ugandan tech and business leaders speak out on what is working and what CEOs should take from it Over the last two to three years, artificial intelligence has dominated corporate…

    CEO in the Hot Seat: Will UETCL’s Richard Matsiko Reverse the UGX 293 Billion Loss?

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 3, 2026February 3, 2026

    Uganda Electricity Transmission Company Limited (UETCL) has emerged from the Auditor General’s FY2024/25 report as one of the most financially distressed entities in the country’s energy value chain—at precisely the…

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