Tycoon Kavuya refutes claims Minister Bahati has significant debt to him
KAMPALA, Uganda — Business tycoon Ben Kavuya has dismissed reports that State Minister for Trade, Industry and Cooperatives (Industry) David Bahati is heavily indebted to him, calling the claims false and politically motivated.
UCC ED Thembo receives top honor for driving Uganda’s digital progress
KAMPALA —Mr. George William Nyombi Thembo, executive director of the Uganda Communications Commission (UCC), was honored as a 2024/25 Business Trendsetter Thursday, recognizing his role in Uganda’s significant digital transformation.
Afreximbank leads $4 billion Dangote Refinery refinance plan
Afreximbank has signed a $1.35 billion loan financing for Dangote Industries Limited (DIL) as part of a larger $4 billion syndicated credit plan. Syndication of one of the largest loans in recent African financial markets that aims refinance construction of the Dangote Petroleum Refinery and...
Govt hails Stanbic Bank for revolutionizing money remittances sector
KAMPALA – The Government of Uganda has commended Stanbic Bank for its pioneering efforts in transforming the country’s remittance ecosystem, marking a significant milestone in the evolution of the financial sector.
DTB Uganda recognized by Mastercard for highest card usage in POS transactions
KAMPALA – Diamond Trust Bank (DTB) Uganda has been honored by Mastercard for achieving the highest card usage at point-of-sale (POS) transaction volumes in Uganda’s banking industry. The prestigious award was presented to DTB by Mr. Ali Shehryar, Mastercard’s Senior Vice President and East Africa...
Uganda’s digital transformation hinges on homegrown ICT solutions, says UCC boss
KAMPALA — Homegrown information and communications technology (ICT) solutions are critical for Uganda’s development goals, according to George William Nyombi Thembo, executive director of the Uganda Communications Commission (UCC). Thembo made the remarks Friday at the launch of the 9th National Conference on Communications (NCC), highlighting...
Uganda launches E-Mobility Expo, eyes green transport future
KAMPALA, UGANDA – The National E-Mobility Expo 2025 officially launched today, signaling Uganda’s firm commitment to sustainable innovation and a greener future for its transportation sector.
World Bank names Nigerian Health expert Dr. Francisca Akala as new country manager for Uganda
KAMPALA, Uganda— The World Bank has named Nigerian health and development expert Dr. Francisca Ayodeji Akala as its new country manager for Uganda, effective Aug. 1, 2025.
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