The Supreme Court has dismissed an application by Muhammad Kamoga, a property dealer, to stay his criminal prosecution for alleged forgery of land transfer forms, allowing the case to proceed in the Entebbe Chief Magistrate’s Court. The decision, delivered by Justice Monica K. Mugenyi, rejected claims that the prosecution would prejudice Kamoga’s pending civil suit…
Uganda’s private sector continued to experience improving business conditions in June 2025, marking the fifth consecutive month of expansion, according to the latest Stanbic Purchasing Managers’ Index (PMI). The PMI, compiled by S&P Global, dipped slightly to 55.6 from 56.4 in May but remained above the 50.0 threshold, signaling ongoing growth driven by increases in…
Uganda’s banking sector remains strong even when it is buffetted by several global challenges, the Bank of Uganda (BOU) Quarterly Financial Stability Review for March 2025 has revealed. The report notes that systemic risks have moderated, supported by strong domestic growth, low inflation, and BOU’s accommodative policies, although challenges like subdued private sector credit growth…
Uganda’s total electricity generation has reached 2,052 megawatts (MW) following the completion of the Chinese-built 600-MW Karuma Hydropower Plant, the minister of Energy Ruth Nankabirwa revealed yesterday. Nankabirwa told reporters that this marks a major milestone as the East African country works to secure affordable electricity to drive economic growth. The Karuma plant, financed by…
Huawei launched this year’s university job fair in Uganda, aiming to connect graduates with employment opportunities in the country’s information and communications technology (ICT) sector. The one-day event, dubbed the 2025 Campus Recruitment Program, was held at Kyambogo University, drawing hundreds of ICT students and recent graduates. It took place under the theme “The Sky…
Two years after the tragic death of Apollo Nyegamehe, popularly known as Aponye, a prominent businessman his once-thriving business empire is facing significant challenges, with key assets being sold to settle outstanding debts. The first building to go was Aponye City Mall on Burton Street in Kampala above the Old Taxi Park, which was snapped…
Nine Chinese hybrid goats, also known as Jianzhou big-eared goats, have arrived in Uganda to boost goat meat production and livestock industry. The goats — three males and six females — landed at Entebbe International Airport on the night June 30 after a journey of more than 10 hours from Chengdu, southwest China’s Sichuan Province….
Stanbic Bank has been recognized for its outstanding commitment to environmental sustainability after receiving the prestigious National Environment Management Authority (NEMA) Sustainability Award in the financial institutions category. Organized by NEMA, the awards acknowledge and reward organizations and individuals implementing innovative and impactful environmental initiatives. On behalf of the bank, Catherine Adengo, Head of Sustainability,…
Stanbic Bank has officially joined Kampala Restaurant Week 2025 as the official payment partner, bringing on board its innovative FlexiPay platform which offers, convenience, and exclusive rewards for one of the city’s most anticipated culinary events. The partnership underscores the bank’s ongoing commitment to supporting local industries while offering seamless digital payment solutions that elevate…
As much as the increasingly interconnectedness of the global economy presents valuable opportunities, it also exposes individual countries to significant risks, with emerging economies bearing the most brunt. The commodity price boom, the global financial crisis, the COVID-19 pandemic, and the Russia-Ukraine war provide cases of some of the global economic shocks that Africa has…
