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…
