Uganda Business News Archives – Page 9 of 18

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

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 narrowed from

February 8, 2026

The Big Story·Transport & Logistics

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

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. In the

February 8, 2026

Business & Markets·The Big Story

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

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 year. The

February 8, 2026

Energy, Oil & Gas·The Big Story

A photo collage of Bank of Uganda Governor Michael Atingi-Ego, Energy Minister Ruth Nankabirwa and Petroleum Authority of Uganda (PAU) Executive Director, Ernest Rubondo.

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

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 Uganda (BoU)

February 6, 2026

Energy, Oil & Gas·The Big Story

Gift Shoko, Managing Director, Equity Bank Uganda — overseeing a key milestone in the bank’s transition to in-country core banking infrastructure, strengthening security, service reliability, and compliance with new Bank of Uganda data regulations.

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

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 at strengthening

February 6, 2026

Banking & Financial Services·The Big Story

President Museveni (Left) with Girma Wake, former Ethiopian Airlines CEO (Center) alongside a Uganda aviation official.

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

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 the exit

February 5, 2026

The Big Story·Transport & Logistics

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

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 comes at

February 4, 2026

Business & Markets·The Big Story·The Executive Traveler

From fraud detection and credit assessment to customer service and productivity, AI is becoming a major tool for organisations.

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

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 conversations in

February 3, 2026

Technology & Innovation

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

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 moment when

February 3, 2026

Energy, Oil & Gas·The Big Story

Who Is Sarah Bateta Okwi, MTN MoMo Uganda’s Acting CEO?

Following the resignation of Richard Yego, Sarah Bateta Okwi has been appointed as Acting Chief Executive Officer of MTN Mobile Money Uganda Ltd (MTN MoMo), stepping into the role at a defining

February 2, 2026

Company News·Technology & Innovation·The Big Story

Uganda Business News- Page 9

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