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April 22, 2026
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    Uganda Business News

    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…

    Big Dreams Need a Big Bank — and the 9 Other Things I Took Away from the Stanbic Bank Economic Forum 2026

    Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryFebruary 19, 2026February 19, 2026

    2026 finds Uganda at a rare convergence of economic catalysts and structural pressures. First oil is nearing. Gold is redefining export performance. Technology — particularly AI — is compressing the…

    Billionaire’s Daughter Vasundhara Oswal Sues Senior Ugandan Police Officers, Seeks Return of $200,000 Bond Money

    Paul MurungiInvestigations & Special ReportsLegal & JusticeThe Big StoryFebruary 17, 2026February 17, 2026

    Indian-Swiss entrepreneur Vasundhara Oswal has filed a human rights petition at the High Court of Uganda against several high-ranking security and prosecution officials, accusing them of orchestrating her arbitrary arrest,…

    Museveni Appoints Girma Wake Acting CEO of Uganda Airlines, Directs Bamuturaki to Step Aside

    Paul MurungiThe Big StoryFebruary 16, 2026February 16, 2026

    President Yoweri Museveni has directed that former Ethiopian Airlines Chief Executive Officer Girma Wake be appointed to lead a management transition at Uganda Airlines, amid ongoing efforts to stabilise the…

    Prof. Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, may have just let the cat out of the bag on Uganda’s glittering gold export boom — providing vital clues to the elephant in the room of the country’s overnight success story, long touted by government as proof of recent economic momentum: whose gold is it, really?

    ‘It May Not Be Ours’: Deputy Central Bank Governor Suggests Uganda’s Sudden USD6.4 bn Gold Boom is Fuelled by Re-Exports

    Muhereza KyamuteteraEconomy & PolicyThe Big StoryFebruary 13, 2026February 24, 2026

    The Deputy Governor, Bank of Uganda, Prof. Augustus Nuwagaba, has drawn attention to a key structural feature of Uganda’s recent gold export performance: while gold has become the country’s largest…

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    Latest Stories

    • Stanbic Flags Off 2026 Schools Championship to Drive Innovation and Job Creation
      by Brian Emorut
      April 22, 2026
    • Rethinking Uganda’s Sovereignty Bill 2026
      by CEO East Africa Magazine
      April 22, 2026
    • UGAFODE Expands Aggressively in 2025 as Lending Jumps 26% and Deposits Rise 20%
      by CEO East Africa Magazine
      April 22, 2026
    • Chandan Singh assumes leadership at Bank of Baroda (Uganda), succeeding Shashi Dhar after a period marked by strong financial growth and operational stability. With rising profits, expanding assets, and increased lending, the transition signals continuity as the bank positions itself for further growth under experienced new leadership in a competitive market.
      Chandan Singh Takes Over as Bank of Baroda Managing Director after Strong Growth under Shashi Dhar
      by Jeff Winters
      April 22, 2026
    • 2025: Finance Trust Bank posts 32% growth in deposits; 74% surge in net profit in strongest performance yet
      by CEO East Africa Magazine
      April 22, 2026
    • When the Law Exists But No One Listens: Uganda’s Conflict of Interest Problem
      by CEO East Africa Magazine
      April 22, 2026
    • Mercy Kainobwisho has redefined URSB through people-centered leadership and bold reforms. By driving digital transformation, strengthening systems, and expanding access, she has turned the Bureau into a modern, high-performing institution. Her tenure reflects a balance of innovation and accountability, positioning URSB as a key pillar of Uganda’s economic development.
      Driving Transformation: Mercy Kainobwisho’s Five-Year Turnaround Has Transformed URSB From Legacy to a Digital Powerhouse
      by CEO East Africa Magazine
      April 22, 2026
    • Parliament has withdrawn the Traffic & Road Safety (Amendment) Bill, 2026, halting plans to reduce the vehicle import age limit from 15 to 13 years. Lawmakers cited affordability concerns, warning the move would raise car prices and transport costs, despite government’s push for cleaner, more efficient vehicles.
      Bill Seeking to Ban Importation of Cars Older than 13 Years Collapses
      by Jeff Winters
      April 21, 2026
    • Attorney General Kiryowa Kiwanuka defends the Bill as a transparency tool, Uganda Bankers Association head Wilbrod Owor warns of risks to capital flows, while journalist Charles Onyango-Obbo questions its sweeping definitions, together reflecting the legal, economic, and public tensions shaping debate over Uganda’s proposed Protection of Sovereignty Bill.
      A Bill Like No Other: Sovereignty Protection Push Raises Economic, Legal, and Political Questions
      by Jeff Winters
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    • Delhi Public School (DPS) International Kampala Posts Strong CBSE Results; One-Third of Class Scores Above 90%
      by CEO East Africa Magazine
      April 21, 2026

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