Business Archives

Salaam Bank gets first Islamic banking license in Uganda

Kampala, (UG): Salaam Bank Uganda Ltd has become the first commercial bank to acquire a license to offer Islamic banking services in...

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Billionaire Sudhir Ruparelia endorses Airtel IPO, urges Ugandans to take part

Billionaire businessman as well as the largest Ugandan and individual equities investor on the Uganda Stock Exchange has endorsed Airtel Uganda’s Initial...

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Victoria Mall: Inside Tycoon Meghani’s plan to develop Entebbe City

Entebbe, (UG): Like Ronald Reagan called America “a shining city on a hill”, Entebbe Peninsula is a serene city on the World’s...

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Uganda Airlines launches direct flights to Lagos

Entebbe, (UG): Uganda’s National Flagship Carrier, Uganda Airlines has announced it will start direct flights to Lagos, Nigeria, effective October 19th, 2023....

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PICTORIAL: UAP Old Mutual celebrates former Board Chair Wavamunno

Kampala, (UG): UAP Old Mutual has celebrated the legacy of retiring Shareholder and Board Chairman, Sir Gordon Wavamunno during a dinner hosted...

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Jumia loses one million customers as orders drop by over 3 million

Kampala, (UG): Once dubbed to be Africa’s next Amazon, Jumia, a pan-African online marketplace is is headed for a significant turbulent after...

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Traders demand sensitization on usage of URA’s e-Receipt

Mbarara, (UG): The business community in Mbarara City, western Uganda have asked the Uganda Revenue Authority (URA) to provide more sensitisation on...

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Uganda Airlines unveils Mobile App designed to ease flight booking

KAMPALA, (UG): Uganda Airlines, the National Flag Carrier has launched a Mobile App which among others provides a convenient way for travellers...

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Company loses appeal to block URA from accessing its financial records

KAMPALA, (UG): The High Court in Kampala has dismissed an appeal in which YO! Uganda Limited was seeking a temporary injunction restraining...

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Bank of Uganda lowers CB rate for first time in 2 years

Kampala, (UG): The Bank of Uganda has lowered the Central Bank Rate (CBR) to 9.5 per cent, an indicator of its intention...

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URSB explains decision to de-register over 186,000 companies

KAMPALA, (UG): The Uganda Registration Service Bureau (URSB) has opened up on the 186,000 companies which have been removed from the Bureau’s...

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HR managers body, BrighterMonday, partner to enhance career benefits for members

KAMPALA, (UG): The Human Resource Managers’ Association of Uganda (HRMAU) and Uganda’s largest job matching and career platform – Brighter Monday on...

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UNBS meets Acholi stakeholders, urges fight against substandard goods

GULU, (UG): The Uganda National Bureau of Standards (UNBS) has rallied stakeholders in the Acholi Sub-region to join hands in the fight...

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Airtel Uganda picks Absa Bank as IPO’s Transaction advisor

KAMPALA, (UG): Telecom giants Airtel Uganda Wednesday announced Absa Bank Uganda Ltd as the Lead Transaction Advisor as it begins the process...

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Lato Nadolac: Pearl Dairy launches new product targeting infants

KAMPALA, (UG): Pearl Dairy, the manufacturer of Lato milk has launched Lato Nadolac, their latest product specifically targeting infants, the company announced...

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Crane Bank Directors vow to fight for justice after UK Court ruling in multibillion case

KAMPALA, UGANDA: The directors of Crane Bank Limited have welcomed the recent Judgement of the Court of Appeal in London in the...

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Speke Resort Munyonyo to host 2nd G-25 Africa Coffee Summit

KAMPALA, UGANDA: Uganda is gearing up to host the prestigious 2nd G-25 Africa Coffee Summit (ACS) which is set to be a...

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Airtel to start 5G network deployment after UCC clearance

KAMPALA, UGANDA: Airtel Uganda, the leading Smartphone Network in Uganda on Thursday released 5G network after acquiring the spectrum from Uganda Communications...

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How 23-year-old Atukwatse won $20,000 Seed Funding Capital in NSSF’s Hi-Innovator Program

KAMPALA, UGANDA: Sometime back in 2021, Ms Tracy Atukwatse, a Computer Science graduate accompanied her pregnant aunt to a hospital in Mbarara...

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Airtel Mobile Commerce (U) Ltd and TerraPay launch borderless merchant payments

KAMPALA, UGANDA: Airtel Mobile Commerce Uganda Limited (AMCUL), in partnership with TerraPay, has introduced seamless cross-border merchant payments within the United Arab...

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Absa Bank unveils ‘Mobi Tap’ functionality for small enterprises

KAMPALA, UGANDA: Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their...