Business Archives

5.7K

Business

Top 25 profitable businesses to consider in Uganda for 2024

Do you want to start a business in Uganda? If yes, you are in the right place. Here in this article, we...

711

Corporate Affairs

2023 Marketing Excellence Awards surpass previous records in participation

Kampala, (UG): Evolve Group Africa is poised to orchestrate the third iteration of the prestigious Uganda Marketing Excellence Awards (UMEAS), marking a...

1.9K

Big Story

Bank of Uganda spent sh199bn on printing new currencies in 2022

Kampala, (UG): The 2022/2023 annual report by the Bank of Uganda has revealed that the Central Bank spent Shs199bn to print and...

678

Business

Buganda’s Buddu, Kyadondo CBS PEWOSA SACCOs invest in Airtel’s IPO

Kampala, (UG): Buganda Kingdom’s significant financial institutions; Buddu and Kyadondo CBS PEWOSA SACCO Ltd have announced investments in Airtel’s Initial Public Offering...

1.1K

Business

BODAWERK rebrands to GOGO, partners with Watu in Boda Boda electrification

Kampala, (UG): In a landmark move set to redefine the future of transportation in Uganda, homegrown electric vehicle (EV) manufacturer BODAWERK has...

1.3K

Business

Club Ambiance gets sh1.6bn compensation from SWICO over fire incident

Masaka, (UG): State Wide Insurance Company (SWICO) has compensated Masaka’s popular discotheque; Club Ambiance with a whopping 1.6 billion shillings for damage...

737

Business

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...

969

Business

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...

936

Business

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...

1.1K

Business

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...

922

Business

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...

973

Business

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...

820

Business

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...

818

Business

Bunga Bet to offer more jobs to Ugandans at new Malawi, Mozambique offices

Bunga Bet, a local sports betting firm has announced its expansion to other countries on the continent as it opened up new...

1.4K

Business

Post Bank, MTN Uganda to digitise PDM payouts with “Wendi” mobile wallet

PostBank, in partnership with MTN Uganda, has today announced the launch of “Wendi,” an innovative mobile wallet platform designed to support the...

762

Business

Uganda Clays pays out Shs450m in dividends, unveils ambitious expansion plan

Uganda Clays Ltd on Friday, June 30th, declared a Shs 0.5 per share dividend payout to shareholders for the year ending 31st...

729

Business

MTN Uganda, USSIA partner to support Mukono Skilling Centre

MTN established the 21 Days of Y’ello Care initiative in 2007 to allow its employees to directly contribute to the communities in...

1.6K

Business

Consumers’ Choice Awards 5th edition launched

The Awards recognizes business excellence through an independent market survey to determine brand reputation, customer satisfaction, and business excellence to determine for...

1.1K

Business

Stanbic earmarks IBM to achieve digital transformation of bank infrastructure

Commenting on the selection, Julia Carvalho, General Manager for IBM Africa Growth Markets said he was happy with the new journey with...

932

Business

Airtel Money, UNCDF launch open APIs to support innovators

Airtel Mobile says it will open its APIs to third party innovators, simplifying service delivery, and enabling them to develop new solutions

1.4K

Business

MTN Uganda launches API service to allow third parties access its software platform

With the launch of the API service, MTN Uganda says the move positions it as a digital transformation enabler and partner for...

1.0K

Business

UDB launches Shs50bn Climate Finance Facility to promote green economy

Ramathan Ggoobi, said providing targeted financing for climate adaptation and mitigation is very critical to significantly reduce the impact of climate change...