DTB CEO urges construction sector to adopt financial discipline and sustainability
KAMPALA – Diamond Trust Bank (DTB) CEO, Geofrey Ssebaana, has called on players in Uganda’s construction sector to adopt stronger financial discipline, forge strategic partnerships, and integrate sustainability into their operations to access financing from the country’s banking institutions. Speaking at the Construction Procurement and...
Former VP Dr. Bukenya hails Mbale Industrial Park for driving job creation
MBALE, Uganda — Former Vice President Dr. Gilbert Bukenya hailed the Sino-Mbale Industrial Park for its pivotal role in driving job creation and national development, underscoring its impact on Uganda’s economic landscape.
Iran’s strait of Hormuz gambit: Africa’s oil lifeline under siege
Closure of the strait of Hormuz would be severe for Africa, whose economies heavily rely on imported refined petroleum products, mostly shipped from or through the Gulf. Oil prices increased on Monday to their highest since January as the U.S. weekend move to join Israel...
Water management: Tech solutions for Africa’s water crisis
150 companies impact a third of the world’s water usage. For every $1 invested in water and sanitation, there is an economic return of between $3 and $34. Africa water crisis is worsening poverty levels, derailing development. Water management is a basic necessity for modern...
Equity Bank Uganda Partners with African Nations Cup UK 2025
KAMPALA, UGANDA – Equity Bank Uganda has been named the main partner for the African Nations Cup UK (ANCUK) 2025. The event, scheduled for June 21-22, 2025, at the Bobby Moore Sports Hub in Dagenham, London, celebrates African heritage and talent through football and culture.
SBG Securities Recognized as Top CIS Manager for 2024
KAMPALA —SBG Securities Uganda Limited, the investment and brokerage subsidiary of Stanbic Uganda Holdings Limited (SUHL), recently scooped the award for 2024 Best Performing Collective Investment Scheme (CIS) Manager.
Airtel Uganda Pays UGX 50.3 billion Dividend to NSSF
KAMPALA — Airtel Uganda, a leading provider of telecommunications and mobile money services, today presented a dividend cheque of UGX?50.3 billion to the National Social Security Fund (NSSF). This significant payout follows NSSF’s strategic acquisition of shares in Airtel Uganda during the company’s initial public...
China influence in Tanzania sparks economic growth
China grows its influence in Tanzania with increased investment. China-Tanzania launch the Dar es Salaam Consensus. Chinese investment in Tanzania increased more than 40 percent. China influence in Africa is growing exponentially with Beijing exploiting its economic power to gain more influence in the geopolitical...
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