Stanbic Uganda Holdings Limited (SUHL) made a profit of Shs 236 billion in the first six months of the year heralding another good year for Uganda’s leading financial group. Stanbic Bank Uganda made up the bulk of the profits. Customer deposits during the six months to June 2024, were up by 4.9% to Shs 6.6…
South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa’s richest person, according to the latest data from the Bloomberg Billionaires Index. Mr Rupert controls Richemont, one of the world’s largest luxury goods firms, which owns brands like Cartier and Montblanc. His net worth has surged by $1.9bn to $14.3bn, placing him…
Tanzania’s President Samia Suluhu Hassan has named a “troublesome” lion after one of the country’s opposition leaders. President Samia was visiting the Tanzania Wildlife Authority (TAWA) when she was introduced to the unruly lion by officials. “Does that lion have a name?” asked President Samia. “If not, name him Tundu Lissu.” Lissu is the leader…
President Museveni has reiterated government’s support towards the music industry. Museveni made the pledge while meeting a group of over 100 musicians at State House Entebbe. The meeting was organised by the Commissioner of Patriotism-Office of the President, Hellen Seku. The Musicians who included, Bebe Cool and Jose Chameleone were led by the Uganda Musicians…
President Museveni has called on residents of Butebo district to fully utilise their land to achieve greater economic prosperity. He made his remarks during a rally at a thanksgiving ceremony for Dr. Monica Musenero, the minister of Science, Technology, and Innovation, held at Petete Primary School in Butebo District. During his first stop in Oladot…
In a significant milestone, the Church of Uganda on Tuesday received its land title for the Janani Luwum Church House back from Equity Bank Uganda after successfully repaying a loan used to construct the 14-story commercial building in the heart of Kampala. The ceremony, held at the sideline of the Provincial Assembly happening at Uganda…
Government has indicated that it intends to waive taxes totaling Shs 1.6 bn from real estate businessman Donati Kananura due to ill health. Henry Musasizi, the minister of state for Finance said government had considered Kananura’s health condition before coming up with the proposal. Musasizi said Kananura’s prostate had enlarged and he was suffering from…
Centenary Bank recently opened a new branch in Buliisa district in western Uganda, expanding its network to 81 branches. This new branch aims to serve the broader community in Bunyoro region, which is experiencing a fast increase in economic activity stimulated by the Oil and Gas sector. Buliisa district also becomes the bank’s latest branch…
The upholding of the Anti-Homosexuality Act by the Constitutional Court today has put Uganda back into the international spotlight. In a ruling, court said it found that the law complies with the Constitution although it nullified four sections of the Act and it said contravened the Constitution. For Parliament which passed the law and advocates…
Robert Kyagulanyi, the president of the National Unity Platform has suspended his deputy Mathias Mpuuga for allegedly engaging in actions of corruption. In a brief statement, Kyagulanyi said Mpuuga had failed to give any satisfactory explanation to the party leadership as to why he received Shs 500 million from Parliament as service award. It marks…
