Uganda Business News | Uganda Business News 40

US announces visa restrictions in latest anti-gay law sanctions

US Secretary of State Antony J. Blinken delivers a speech on US foreign policy at the US Department of State in Washington, D.C., on March 3, 2021.

US to deny visas to officials responsible for anti-gay law and policies that oppress other vulnerable groups

Stanbic Bank names new CFO

Ronald Makata, Stanbic Bank Uganda's new chief finance and value management officer, at a bank event. Prior to his appointment, Makata was the bank's head of treasury and capital management. He has 17 years' experience in finance, 13 of which have been with Stanbic. His other roles at the bank include head of banking, client solutions, financial controller, and manager in charge of financial reporting.

Ronald Makata is the bank’s new chief finance and value management officer

Construction cost inflation rises to 2.2% in October

A multi-storied building under construction

Construction inflation rose for the second consecutive month in October, driven by the price of inputs for specialised construction activities

Building climate-resilient African cities — experts outline what is needed

Bujumbura, the capital city of Burundi, on a rainy day. Seventy per cent of African cities have high vulnerability to climate shocks. Meanwhile, Africa is the fastest urbanising region in the world, and is already experiencing climate change impacts first-hand. Without drastic changes in the way energy is produced and consumed in African cities, carbon emissions will increase as these cities develop.

Window of opportunity to secure liveable, equitable, and sustainable futures in the face of climate change is closing fast, more so for Africa

Uganda gets $252.8mn road construction loan from African Development Bank

The African Development Bank headquarters building in Abidjan, Ivory Coast

Roads, both to international borders, will help connect rural areas and facilitate regional integration

Remarks by BoU DG Atingi-Ego at second National Financial Inclusion Strategy launch

The exterior of a shop offering mobile money services in Kampala

NFIS II aims to tackle financial exclusion and barriers to access, empower consumers through protection and education, and increase the use of affordable financial products

8 Miles sells Biyinzika Poultry to investor consortium as it winds down operations

A lorry owned by Biyinzika Poultry International Limited, which was has been sold by its owner, 8 Miles LLP, a UK-based private equity fund, to a consortium that includes an American company and a “regional industry executive.” Established in 1990 as a poultry breeder, Biyinzika is one of Uganda’s leading suppliers of day-old chicks, poultry feeds, broilers and dressed chicken. Its brands include Pearl Chicken and Biyinzika Feeds.

8 Miles, the UK-based fund, has sold its entire stake in Biyinzika Poultry International Ltd to a consortium that includes an American company and a regional industry executive

Traders urged to be transparent with financial institutions

Panellists at the Stanbic Bank trade forum held in Kampala, November 2023

Only 14.2 per cent of the private sector in Uganda had access to credit in 2020, compared to 32 per cent in Kenya

Uganda seeks $146mn Chinese loan for national fibre-optic project

China also funded the first three phases of the national fibre-optic backbone infrastructure project

How East African pipeline was designed to keep oil hot and minimise leaks

The East African Crude Oil Pipeline route from Uganda to Tanzania

EACOP will be one of the smartest and safest pipelines in the world, with real-time satellite monitoring that can detect small pressure changes that could indicate a potential leak, officials said