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…
