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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 distribution network, even as the company’s board undertakes a comprehensive investigation into the performance and conduct of senior management. The facility, signed on December 15 at the UEDCL Tower in Nakasero, is earmarked for network reinforcements, construction of new electricity substations, rollout of smart-grid initiatives, reduction of technical losses and integration of renewable energy generation. According to UEDCL, the investments are expected to improve electricity reliability, unlock suppressed…
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Uganda’s green finance conversation is evolving beyond pilot projects to focus on scaling real, investable solutions. This shift was evident at the Uganda Green Enterprise Finance Accelerator (UGEFA) Dialogue Forum,…
Trevor Ariho, Chief Executive Officer of the League of East African Directors (LEAD), has been appointed to chair the Internal Planning Committee for the 6th Bi-Annual Presidential CEO Retreat. Ariho…
Uganda Tourism Board (UTB) is pleased to announce that Ms. Juliana Kagwa, the newly appointed Chief Executive Officer, has officially assumed office and commenced duties with effective 16th, June, 2025….
Airtel Uganda, a leading telecommunications provider in Uganda, continues its nationwide network expansion to improve connectivity in underserved regions. The telecommunications service provider has successfully commissioned numerous new network sites…
Housing Finance Bank is proud to announce the launch of the HFB Business Clinics — a transformative platform dedicated to fostering sustainable business growth for Ugandan women as well as…
The Uganda Bankers’ Association (UBA) has reaffirmed its commitment to supporting the Ugandan government’s ambitious economic expansion strategy, which aims to grow the country’s GDP from USD 50 billion to USD 500 billion by 2040. Speaking at the 2025 UBA CEO Retreat, UBA Chairperson Julius Kakeeto emphasised the critical role of the banking sector in facilitating this transformation. He stated, “Finance is a key enabler. Appropriate financing is the key word here! There is a common belief that the strength of a nation depends on the depth and strength of its financial system.” He further underscored the importance of financial…
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President Museveni has tasked Uganda Revenue Authority (URA) to plug revenue leakages and fight corruption in the institution in order to boost revenue collections. “Like I said in 2019, at the launch of the URA tower, URA is Holy Ground from where Uganda’s Economic Independence would spring. Continue with the fighting against that bad spirit of corruption in the Institution and plugging the revenue leakages. It is important for you to fulfil your part of the bargain because you are now mature,” he said. The President, flanked by First Lady and Minister of Education and Sports Janet Kataha Museveni was…
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