New ICT ministers promise continuity, innovation at handover ceremony

The outgoing leadership of the Ministry of ICT and National Guidance has formally handed over office to the newly appointed minister, Justine Kasule Lumumba, with pledges of continuity, innovation and improved service delivery. The handover ceremony was held at the ministry’s headquarters on Parliamentary Avenue in Kampala. Former ICT minister Dr. Chris Baryomunsi, who has…

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Uganda Development Bank registers stellar performance in 2024

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…

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