Tata Steel CEO talks of going green
Tata Steel leads the way to decarbonizing steel production. Switching from coal furnaces key to energy transition. Steel remains the metal of modern development. The CEO and Managing Director of Tata Steel T. V. Narendran talks about going green in an interview with McKinsey’s Rajat...
AfDB President Dr. Adesina on visit to Tanzania
AfDB President Dr. Adesina to hold talks with Tanzania President Samia Dr. Adesina’s visit to ease future Bank financing to Tanzania AfDB private sector operations in Tanzania are valued at US$ 159 million AfDB: The president of the African Development Bank Group, Dr. Akinwumi Adesina...
Claver Serumaga Gets Bank of Uganda Nod for ED Role at Equity Bank Uganda
The Bank of Uganda has cleared Claver Serumaga’s appointment as Executive Director, Commercial Banking at Equity Bank Uganda. His arrival marks a major step in the bank’s leadership reset, as it looks to restore growth and operational integrity after a turbulent 2023.
Is Stuart Birungi the Crown Prince to the Movit Personal Care Empire?
As Movit Group expands its footprint across Africa, all eyes are on Stuart Birungi—recently appointed Chief Operating Officer and son of founder Simpson Birungi. With over a decade of rising through the company’s ranks and fresh enrollment in the CEO Apprenticeship Program, is Stuart being...
Stanbic Bank Boosts Run4Climate Marathon with UGX 10M Contribution
Stanbic Bank Boosts Run4Climate Marathon with UGX 10M Contribution Baziwe Alan, the Stanbic Vice President Public sector handing over the dummy Cheque to Issa Katwesigye, Ast Commissioner for Forestry in the Ministry of Water and Environment, Looking on is Stanbic’s Catherine Asay KAMPALA – Stanbic Bank has...
PS Ggoobi details strategy for Uganda’s $500 Billion economy
PS Ggoobi details strategy for Uganda’s $500 Billion economy Permanent Secretary to the Treasury Ramathan Ggoobi speaks during the Absa 2025 Post Budget Dialogue in Kampala on Friday, June 13, 2025. Ggoobi outlined Uganda’s strategy to build a $500 billion economy by 2040 The Ministry...
Budget Critics: PDM won’t boost Uganda’s economy
Budget Critics: PDM won’t boost Uganda’s economy KAMPALA, Uganda — Economic experts are warning that Uganda’s Parish Development Model (PDM), a key government initiative, is unlikely to significantly boost the nation’s economy. They argue its design focuses on consumption rather than production. This critique emerged...
What does the UGX 72.1 Trillion budget mean for you? Experts speak out
What does the UGX 72.1 Trillion budget mean for you? Experts speak out Uganda’s UGX72.1 trillion budget aims for economic transformation, but experts caution success hinges on effective implementation, not just spending. KAMPALA, Uganda— Uganda’s recently unveiled national budget of UGX72.136 trillion for the 2025-2026...
Finance Minister announces startup tax holiday, other reforms
Finance Minister announces startup tax holiday, other reforms KAMPALA, Uganda — The Ugandan government will offer a three-year income tax holiday for new, Ugandan-owned startup businesses as part of its 2025-26 national budget, Finance Minister Matia Kasaija announced Thursday. The policy shift, aimed at stimulating...
X suspends fake account impersonating tycoon Sudhir
X suspends fake account impersonating tycoon Sudhir KAMPALA, Uganda – Social media platform X (formerly Twitter) has suspended a fraudulent account that was impersonating prominent Ugandan businessman and philanthropist, Dr. Sudhir Ruparelia. The account, operating under the handle @RupareliaSudhi, was flagged after Sudhir issued a...
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