128 Scholars under the Equity Leaders Program (ELP) join Top Global Universities
In the 2024/2025 application cycle, a total of 128 ELP scholars, from Kenya (87), Uganda (4), Rwanda (33), DRC (4) received admission for studies in global universities. The value of their full scholarships amounts to Ksh. 2,791,962,093 (USD 21,643,117) for the 4-year duration of their...
Uganda’s private sector continues to thrive amid rising costs
KAMPALA – Uganda’s private sector maintained its growth momentum in July, driven by robust demand and new client wins, despite a slight dip in the Stanbic Bank Purchasing Managers’ Index (PMI) to 53.6 from 55.6 in June. The PMI, a key indicator of business conditions,...
AfDB lead arranger in $10Bn financing for new Ethiopian Airlines’ mega airport
Ethiopian Airlines: “With forecasts projecting up to 60 million passengers annually by 2040, expanding Bole International Airport further is not feasible, making a new mega-hub airport essential.” Groundworks for Ethiopian Airlines new address, Bishoftu International Airport, are expected to start late 2025, with phase one...
Old Mutual Investment Group appoints former NSSF MD Richard Byarugaba as Board Chairman; names Charles Ernest Hamya to its Board
Former NSSF Managing Director Richard Byarugaba has been appointed Board Chairman at Mutual Investment Group, shortly after concluding his tenure as Board Chair of the Uganda Securities Exchange. Byarugaba will serve alongside seasoned corporate leader Charles Ernest Hamya who has also been appointed as a...
Biya’s long rule in Cameroon signals deeper problems for African leadership
Paul Biya’s plan to seek re-election has brought up debate among African scholars, who have long cautioned against the dangers of overstaying in office, but these warnings have often been ignored. Scholar Thabang Motswaledi cites leaders such as the late Robert Mugabe of Zimbabwe, Teodoro...
Cleantech deals top as startups in Africa secure $2Bn in seven months
African startups under cleantech lead in attracting financing with two massive funding deals sealed by Sun King and d.light. FinTech follows in funding volume reported, while African startups with a focus on big data and analytics are equally gaining momentum. Across July, six acquisitions were...
Uganda to host maiden Rhino naming ceremony
KAMPALA, UGANDA – The Ugandan government will host its first-ever rhino naming ceremony on Sept. 22 at the Ziwa Rhino Sanctuary in Nakasongola. The event, which will be presided over by President Yoweri Kaguta Museveni, marks a major milestone in the ongoing five-year, $11 million...
From Weekend Dabbler to Quitting Your Job: Can Trading Actually Pay the Bills?
Alright, so, it’s 2025 and, let’s be honest, the whole vibe around trading has shifted hard. No more sweaty guys yelling on Wall Street—just regular people tapping away on laptops in coffee shops, probably in their pajamas. All these slick apps and basically free trades?...
PostBank and UBA’s Julius Kakeeto on Banking’s Digital Future and the Remittance Opportunity
In this thought-provoking interview, Julius Kakeeto, Managing Director of PostBank and Chairman of the Uganda Bankers’ Association shares how PostBank is leveraging its Wendi mobile wallet to dominate digital transactions, sustain double-digit growth, and tap into the diaspora opportunity, while confronting cyberfraud and other industry...
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