This year’s highly anticipated Legends of Sound Afrigo at 50 is expected to attract thousands of people to celebrate the music of Uganda’s most enduring and popular band. Speaking during a news conference, Aly Allibhai the CEO of Talent Africa Group, said unlike the previous two editions that happened at the Sheraton Kampala Hotel, the…
The Supreme Court has ordered Vivo Energy to pay Thalion International Limited Shs 8.5 billion in profits following a decades-long dispute over a property on Plot 49 Benedicto Kiwanuka Street. The case originated from a 1972 agreement between Hasanali Nathu Limited (HNL) and Shell and BP Uganda Ltd, predecessors to Thalion and Vivo Energy respectively….
Morrison Rwakakamba Having campaigned under the banner of making the United States the “Crypto capital” of the world, in his first week in office, President Donald Trump signed an Executive Order intended to support the growth of the United States crypto industry, signaling an intention to approach crypto and block chain regulation with the objective…
One of the bitterest episodes in tycoon Sudhir Ruparelia’s storied business life is the way he lost Crane Bank Limited to DFCU in January 2017. Bank of Uganda determined that Crane Bank was undercapitalized, opening the way for DFCU to take it over at a cost of Shs 200 billion. Crane Bank was the crown…
The deceased former secretary to the Treasury, Keith Muhakanizi, owns a 0.20% stake in DFCU Limited, making him the third largest individual shareholder in one of Uganda’s leading financial institutions. Only Sudhir Ruparelia (0.29%) and businessman Rakesh Gadani (0.26%) owned more individual shares in the institution than Muhakanizi, according to the bank’s annual report for…
DFCU Bank yesterday announced a profit after tax of Shs 72.1 billion for the financial year 2023/2024, turning a crucial corner as it recovers from the economic shocks of Covid-19. Speaking at the 60th Annual General Meeting held at Hotel Africana in Kampala, Jimmy Mugerwa, DFCU’s board cahirman reassured shareholders of the bank’s commitment to…
Uganda’s economy demonstrated strong performance in May 2025, with significant growth in GDP, exports, and private sector activity, according to the State of the economy report for May. The report, compiled by the ministry of Finance and Economic Development, highlights a 6.3% real GDP growth for the fiscal year 2024/25, alongside improvements in trade balances…
Crypto.com, one of the earliest players in the crypto space, has struck a deal with Emirates, one of the world’s most renowned airlines, in a bid to bring crypto payments to mainstream global travel, according to a press release issued on Wednesday. As part of a Memorandum of Understanding (MoU) signed on July 9, the…
The minister of Energy, Ruth Nankabirwa, has lauded the achievements made by the Uganda Electricity Distribution Company Limited (UEDCL), 100 days after taking over the distribution of electricity in the country. UEDCL took over from Umeme on April 1, 2025. A key achievement, Nankabirwa told journalists today, is the company’s ability to pay 100% of…
A comprehensive report from the Ministry of Finance, Planning and Economic Development has revealed significant challenges plaguing Uganda’s externally funded projects. Spanning sectors like agriculture, infrastructure, health, and education, the report highlights delays, funding shortfalls, and implementation constraints affecting critical development initiatives. The report details issues across numerous projects, including the Uganda Digital Acceleration Project,…
