Category: Africa

TENFOLD GROWTH! Uganda woos Malaysian investors for ambitious economic plan Uganda aims for tenfold economic growth by 2040, seeking Malaysian investment to achieve its ambitious $500 billion GDP target. Minister Kasaija highlights stable currency and FDI growth. KUALA LUMPUR— Uganda has set an ambitious goal to...

NCBA Bank and Motorcare Uganda launch ‘drive your dream today’ asset financing program KAMPALA – NCBA Bank has teamed up with Motorcare Uganda, the franchise dealer for Nissan vehicles to launch an exclusive asset financing program for customers over the next three months, dubbed “DRIVE...

KCB Bank backs Pearl of Africa Rally as it Kicks Off in Mbarara Sheila Awori, Ag. Head of Marketing, KCB Bank, shakes hands with Hon. James Jimmy Akena, FMU President during the check handover at the Pearl of Africa Rally launch. KCB Bank injected 80...

Plascon expands retail presence in West Nile Region ARUA, Uganda — Plascon Uganda has expanded its retail network in the West Nile region with the opening of a new “Colour Hero Store” in Arua City, in partnership with Precious Impex. The move aims to capitalize...

Absa Bank leads Uganda Bancassurance market in 2024 David Wandera is the Managing Director of Absa Bank Uganda. Absa Bank Uganda leads the bancassurance market in 2024, capturing the largest share of the growing sector, according to an IRA report. KAMPALA, Uganda — Absa Bank...

Ugandan market proves tough as Wave Mobile Money losses expand Ugandan market proves tough for Wave Mobile Money: 2024 financial results reveal expanded net losses despite revenue, highlighting challenges for the fintech against established players like MTN and Airtel in Kampala. KAMPALA, Uganda — Wave...

Experts press Uganda to fast-track railway infrastructure President Museveni revealed that the current transport system is irrational, and the government has begun to rationalise it to achieve effectiveness and efficiency. KAMPALA, Uganda — Transportation experts under the Civil Society Coalition on Transport (CISCOT) are urging...

Pride Microfinance transitions to Pride Bank, expands services KAMPALA, Uganda — Pride Microfinance (MDI) officially launched as Pride Bank Limited on Tuesday, marking its transition to a Tier II credit institution. The announcement, made at the Kampala Serena Hotel, signifies a major step for the institution...

Museveni confirms Starlink’s Uganda entry President Museveni meets with Starlink representatives to discuss bringing low-cost internet to Uganda’s hard-to-reach areas NAKASERO, KAMPALA — President Yoweri Museveni has officially confirmed that Starlink, Elon Musk’s satellite internet service, is set to launch in Uganda, signaling a significant development...

Pearl of Africa Rally: Mutebi Nasser joins KCB team as bank pours millions into Uganda rally Edgar Byamar, (3rd L), MD KCB Bank Uganda, poses for a photo with the 2025 Pearl of Africa Rally Drivers. KAMPALA, Uganda — KCB Bank Uganda Limited has bolstered...