Parliament has passed the Sugarcane (Amendment) Bill, 2023, which provides for a stakeholder council to self-regulate the sugarcane industry. The Sugarcane (Amendment) Bill, 2023 was passed during plenary sitting yesterday. The lawmakers approved a recommendation of the committee on Trade, Cooperatives and Industry, which first considered the Bill, to replace the Sugar Board as established…
Airtel Uganda has reinforced its commitment to providing superior network connectivity by commissioning five new network sites in Soroti city. The expansion is part of Airtel’s ongoing investment in enhancing network coverage and delivering an exceptional digital experience for its customers in the greater Teso region. The new site in Soroti is one of several…
The ministry of Energy and Mineral Development is developing a communication strategy on nuclear energy. This was revealed by Dennis Tusiime, the senior energy officer at the ministry, while talking to BBEG Media. He said due to the enormous benefits of nuclear energy, the ministry has developed a strategy that will help the country in…
The former minister of state for Finance, Fred Jachan Omach, has urged President Museveni to intervene in the affairs of an idle mango fruit factory in West Nile that was commissioned in January 2021. “We appeal to the president to help us revitalize our Mango factory in West Nile because we are the food basket…
Buganda has signed a deal with Psalms Food Industries, the makers of Sumz snacks, to supply plantain (gonja), which is one of the company’s main products. This was revealed by Alfred Bakyusa, the chief executive officer of the Buganda Cultural and Development Foundation (BUCADEF), while touring Gomba county last week. “According to our findings, Gomba,…
Airtel Uganda has pledged to deepen its relationship with Buganda in relation to the annual Kabaka birthday run. Ali Balunywa, the director of Sales and Distribution at Airtel Uganda, told Bbeg Media that they were deeply impressed by the numbers that turned up yesterday for Kabaka’s birthday run. “This time, we brought 120,000 kits, and…
Airtel Uganda has launched five new network sites in Kabale Municipality in a bid to improve its network. The new sites are located at Kyetobokeire, Kekuubo, Nyabushabi, Rwakabara, Ahakempu – Katuna Road, Irimbo – Katuna Road, Mwanjari, and Kigongi, will enhance call clarity, boost internet speeds, and improve overall coverage. Speaking at the commissioning event,…
In 2013, Haruna Sentongo, an enterprising young businessman, hatched a project that would endear him to his parents. It would also help him keep scores with his more successful and flamboyant brother, Hamis Kiggundu. Sentongo had just opened Haruna Shopping Mall in Ntinda, following his Haruna Towers in Wandegeya Kubiri, and was brimming with business…
By Sheilla Kemigisa Employee engagement is the lifeblood of any successful organisation. According to Forbes, employee engagement is the emotional commitment the employee has to the organization and its goals. It drives productivity, sparks innovation, and fosters a workplace culture where employees are motivated to perform at their best. However, maintaining high levels of engagement…
Uganda Electricity Distribution Company (UEDCL) officially took over electricity distribution from Umeme, whose concession expired today. The journey started way back in 2005 when government of Uganda signed an agreement with Umeme to improve on the power services. Umeme Managing Director, Selestino Babungi, said it had been a long but fruitful journey for the company….
Women are critical to achieving economic growth and alleviating poverty considering they dominate a vital sector of Uganda’s economy – agriculture. The latest census figures indicate that out of Uganda’s total population of 45.9 million, 24.3 million are female, representing 53%. Despite this demographic advantage, findings from the 2024 population census further reveal that only…
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its partnership with Dubai-based carrier flydubai to introduce mobile money payments for its customers in Kenya and Uganda. This move will facilitate seamless transactions for bookings and other airline-related services in the East African Region, enabling travellers to…
The Uganda Development Bank (UDB) has launched the Reshaping Industries for a Sustainable Economy (RISE) Program. This initiative is expected to transform the way the Bank deploys its resources within the economy. The bank said RISE seeks to address modern-day challenges, diversify the economy, and establish high-tech, high-value-added, high-income, and truly green businesses and projects….
Hundreds of Muslim faithful broke the Fast during a high-profile Iftar dinner hosted by Stanbic Bank on Tuesday evening at the Sheraton Kampala Hotel. The event, which gathered prominent leaders and the bank’s clients, celebrated the Holy month of Ramadan in an atmosphere of community spirit. The interlude is observed by Muslims worldwide as a…
Speaker Anita Among has called for a fight against illicit financial flows that see Africa lose an estimated $88 billion annually. Among made this call while presiding at the African Organisation of Public Accounts Committee (AFROPAC) Conference and Fifth Annual General Meeting at Golden Tulip Hotel, Kampala on Monday, 17 March 2025. “The impact of…
It would not be a stretch to say that the coffee sector is the backbone of Uganda’s economy. It contributes significantly to foreign exchange earnings and supports millions of livelihoods. Last year, the country earned Shs 6 trillion from coffee exports. With more strategic investments, experts believe the country can even earn much more from…
Parliament has approved Shs 60 billion as part of a supplementary request to fund Inspire Africa, a coffee firm run by businessman, Nelson Tugume. Henry Musasizi, the minister of state for Finance (General Duties) told MPs the additional billions are for the completion of standards and certifications, working capital to purchase coffee from farmers, branding…
At least 850 market vendors have graduated from the digital skilling inititiative under the ausoices of Huawei Technologies Uganda. They include 493 males and 358 females. The intitiative was spearheaded by the Ministry of ICT in collaboration with the National ICT Innovation Hub, MTN Uganda Foundation, Centenary Technology Services (Cente-Tech), and the Uganda Institute of…
MTN Mobile Money Uganda has unveiled its new Virtual Card through a partnership with Mastercard, Diamond Trust Bank, and Network International. Following the successful rollout of a similar solution in Rwanda last year, where MTN Rwanda, in partnership with Mastercard, introduced the Virtual Card by MoMo in November, 2024, MTN Uganda is now leveraging that…
Mumba Kenneth Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the largest commercial bank in terms of assets, revenue, and deposits. His appointment was first announced in December of last year. “I am delighted to join Stanbic Bank Uganda. With the support of my colleagues and stakeholders, this new role…
Uganda earned Shs 16 billion every single day from coffee exports in 2024, the highest in the country’s recorded history. According to a report from the Coffee Production and Development Department in the ministry of Agriculture, the country exported 6.44 million bags worth $ 1.62 billion (roughly Shs 6 trillion) between February 2024 and January…
The passing of Bulaimu Muwanga Kibirige, affectionately known as BMK, in September 2021 marked the end of an era for one of Uganda’s most illustrious entrepreneurs. BMK’s journey from humble beginnings in Masaka District to establishing a vast business empire, including the renowned Hotel Africana in Kampala, has been well documented in his memoirs: My…
The Uganda Development Bank (UDB) has reported significant year-on-year growth for 2024, showcasing robust performance across key metrics. According to its financial report for 2024, the bank’s loan portfolio grew to Shs 1.67 trillion, a testament to UDB’s continued commitment to fostering Uganda’s socio-economic development. The Bank’s total assets grew by 3%, from Shs 1.67…
Uganda’s total public debt for the 2023/2024 financial year stood at Shs 54 trillion, implying that, on average, each living Ugandan is indebted to the donors to the tune of Shs 1.1 million. The figure also reveals a strong appetite for borrowing by the government. Broken down, at Shs 54 trillion, it means the government…
Airtel Uganda and Trace Africa have joined hands to celebrate African Music excellence and digital empowerment. The partnership comes ahead of the Africa Trace Awards to be held in Zanzibar between February 24 and 26. The awards will also culminate the Airtel #SmartaWithData campaign, an initiative to enable customers to make informed decisions about their…
Uganda’s public transport sector has long faced significant challenges, including disorganization, high operational costs, and a lack of streamlined leadership structures. While digital transport platforms have made their way into Kampala, their services remain largely inaccessible to many areas across the country. However, a ground-breaking solution has emerged: The United Boda-boda Riders Cooperative Union, a…
Microhaem Scientific (MHS), a Ugandan medical supplies company funded by the Uganda Development Bank (UDB), has dispatched its first consignment of locally manufactured diagnostic kits to the Government of Uganda through the National Medical Stores. MHS produces diagnostic kits that enhance the efficiency, convenience, and accuracy of malaria, HIV, and sickle cell disease diagnoses. Patricia…
Stanbic Bank Uganda has unveiled a new campaign dubbed Kiri SupaDupa which aims at breaking barriers to access to finance for newly employed individuals, especially the youth. According to the African Development Bank (AfDB) young people face numerous institutional barriers when sourcing funding for their personal or commercial ventures with lack of collateral, limited credit…
