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Annet Nakawunde, left, poses with Kawempe Muslim player Amina Nakato at a women’s football symposium.

Centenary Malawi turns to Finance Trust chief after rapid growth

Finance Trust’s Nakawunde moves to Centenary Bank Malawi as the lender seeks to sustain growth with tighter credit control

UBOS challenges ICT ministry’s national data strategy

Uganda’s statistics bureau challenges a five-year data strategy whose proposed committees would approve and oversee data initiatives

Shilling closes at record low a week after rate rise

Uganda’s shilling closed at Shs4,208.10 to the dollar, a record low, one week after the central bank raised its benchmark rate

Uganda says Nigeria Ebola case does not show local transmission

Nigeria’s imported Ebola case involved travel through Uganda, but WHO says the infection source remains under investigation

Bank of Uganda governor Michael Atingi-Ego and Treasury secretary Ramathan Ggoobi sit with other panellists before an FSD Uganda backdrop.

FSD Uganda report leaves recovery fund figures unexplained

FSD Uganda’s 2025 fund report gives conflicting loan totals and no formula for its multiplier, and the organisation has not answered questions

United States Embassy building in Nairobi, Kenya

US tells Americans to reconsider travel to Kenya

An inland oil rig

Insiders fault leadership of Uganda’s first-oil ceremony committee

OPEC Fund appraises €150mn loan for Uganda railway

Makuutu funding options remain under review as Ionic plans equity raise

Ionic Rare Earths Limited workers at the Makuutu Rare Earths Project in Eastern Uganda. Ionic Rare Earths Limited, the Australian mining company, has acquired an additional 34 per cent interest in Rwenzori Rare Metals Limited, the owner of the Makuutu Rare Earths Project, bringing its majority interest in the project to 94 per cent, as it prepares for small-scale production in a few months' time.

Cutting air pollution and emissions together could save African countries billions

A high-angle view of a crowded Namirembe Road in downtown Kampala, featuring a dense flow of pedestrians, commuters, and vehicles amidst commercial buildings and advertising billboards.

Uganda should use Makuutu to negotiate up the value chain

A yellow bulldozer beside a large mining machine and conveyor at an open excavation site.

Blencowe targets military batteries with Uganda graphite

Gloved hands holding a glass container of graphite powder.

Companies

Gloved hands holding a glass container of graphite powder.

Critical minerals

Blencowe targets military batteries with Uganda graphite

The head office of the Bank of Uganda in Kampala

Provision releases and currency gains drive Bank of Uganda’s doubled surplus

An Airtel Uganda promotional poster at a hotel in Kampala in 2023

Airtel Money skips African exchanges for London

Single-storey building with a red roof and signs for Centenary Bank's CenteAgent and dfcu Agent, plus Airtel Money and other agent notices by the door.

Bank lending grows at its fastest rate since 2015

Movers & Shakers

Stanbic Bank Uganda has announced Samuel Mwogeza as the lender's interim chief executive, following the departure of Anne Juuko. In addition, Barbara Dokoria has been appointed as interim executive director, replacing Emma Mugisha, who resigned. Ms Dokoria is currently the executive head of compliance.

Stanbic Bank names Samuel Mwogeza as interim chief executive, appoints acting executive director

Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank

Standard Bank Group

Standard Bank appoints Anne Juuko as regional head for global markets

Grace Semakula, who has been appointed as the new chief executive officer of SBG Securities Uganda Ltd, speaks at an event held at the Uganda Securities Exchange in 2019. Mr Semakula is the former investor relations manager at power distributor Umeme. A statement by SBG Securities Uganda Ltd said that he has nearly two decades of experience in asset management, brokerage, and the energy and infrastructure sectors, including 12 years in senior positions.

SBG Securities Uganda Ltd

SBG Securities names Grace Semakula as chief executive

Ms Josephine Ossiya at a conference

Capital Markets Authority

Bujagali Energy CFO and BoU board member appointed head of Capital Markets Authority

Data

Energy

A yellow bulldozer beside a large mining machine and conveyor at an open excavation site.

Makuutu Rare Earths project

Uganda should use Makuutu to negotiate up the value chain

A grey transformer on a steel bracket between two wooden poles against a clear blue sky, with white boxes and cables on the right-hand pole and UEDCL, ERA and other event banners below.

Service charge and VAT, not tariffs, cut what a first power purchase buys

A blue and yellow steel drilling rig with yellow staircases and walkways stands against a hillside, a red wellhead assembly at its base. A group of people in hard hats and coveralls stand in front of it.

Uganda National Oil Company

Uganda leaves first-oil date open until June 2027

A man looking up at an electric pole, with his back to the camera

ERA holds power tariffs steady for October to December

Markets

The Bank of Uganda's headquarters in Kampala

Bank of Uganda raises benchmark rate to 12 per cent at special meeting

Trading screen showing a candlestick price chart that falls and then partly recovers, beside a list of share prices

Absa Africa Financial Markets Index

Uganda ranks fourth in Absa’s markets index, held back by pensions and depth

Various currency notes of African countries are seen in this photo

Foreign exchange

Shilling opens past Shs4,150 as Bloomberg reports offshore selling of bonds

A stack of Ugandan shilling banknotes—50,000, 20,000, 10,000, and 5,000—arranged in a currency counting machine.

Foreign buying of Ugandan government debt fades after a record 2025

Economy

A yellow and blue Uganda Revenue Authority sign reading “Service Centre, Jinja Branch”, partly surrounded by plants.

Uganda Revenue Authority

More than 3mn tax records await NIN match before login switch

A stack of Ugandan shilling banknotes—50,000, 20,000, 10,000, and 5,000—arranged in a currency counting machine.

Shilling surrenders rate-hike gains as the dollar returns

International Monetary Fund name and emblem on a stone wall at its headquarters in Washington, DC.

International Monetary Fund

Africa’s steady growth conceals widening economic divide, IMF says

An illustration for property, mortgages, bank loans and home savings. A model of a house sitting on architectural plans, with a blurred piggy bank in the background.

What the Bank of Uganda’s rise to 12 per cent means for the shilling, fuel and loans

Opinion

Sugar mill with a tall red-and-white striped chimney, blue-roofed sheds and pipework in front of a wooded hillside

Research links Busoga hunger to sugar contracts held mainly by men

John Tumwine of Stanbic Bank Uganda speaking at a podium at the launch of the Mineral Wealth Conference

Financing, not discovery, is Uganda’s real mining challenge

A Standard & Poor's sign on a building in New York City

Errors in Africa ratings expose deeper flaws in global credit assessment

Bobi Wine, standing in a car, surrounded by hundreds of supporters in Lira town, 7 September 2023, while on a countrywide tour.

Escape to America cannot solve Bobi Wine’s dilemma

Politics & Policy

Ambassador Dan Negrea speaks at a lectern in front of a large screen showing the Roosevelt Africa Trail listing on the US State Department's Trade Over Aid Deals Library website, with a deal value of $1,200,000,000 for Uganda

Uganda pitches $1.2bn pipeline as first entry in US Trade Over Aid library

Delegates seated at long tables arranged in a U-shape in a yellow-walled conference room, facing a head table where Ruth Nankabirwa, in yellow, sits beside a man in a dark suit beneath a screen reading "Uganda National Mining Company: The 1st Annual General Meeting"

Uganda National Mining Company

Infighting, nepotism weigh on Uganda National Mining Company

Aerial view of a cargo ship

Uganda-US relations

Uganda joins Trump administration’s Trade over Aid talks in New York

Thomas Tayebwa chairs a meeting at the head of a boardroom table; to his side sit MEPs Anna Strolenberg, nearest him, and Tineke Strik, with Ugandan officials opposite

Uganda’s refugee plan is a third funded as Kampala seeks EU help

Press Releases

Participants at the second quarter national content development suppliers workshop

Petroleum Authority of Uganda

Petroleum Authority urges local firms to form joint ventures to win oil and gas contracts

Digital Economy

Customers at a roadside kiosk in Uganda covered in yellow MTN Mobile Money signs, one woman showing a phone to the attendant while a man stands nearby.

Mobile payments

Mobile money value reaches 72 per cent of 2025 total

Michael Atingi-Ego, governor of the Bank of Uganda, addresses the 2025 Kampala Blockchain Summit.

Bank of Uganda governor’s speech at the 2025 Kampala Blockchain Summit

Emata

Fintech startup raises seed funding to step up low-cost credit to farmers

Travel & Tourism

Uganda Airlines Airbus A330 aircraft on the runway at Entebbe International Airport.

Uganda Airlines

Uganda Airlines faces potential disruption as Airbus orders software fix for A320 jets

A performance stage at the Nyege Nyege festival in Bujagali, Jinja, October 2015

Tourism

Nyege Nyege keeps on dancing, too fast for the moral police — and terrorists(?)

Ground support equipment at Entebbe International Airport

Uganda Airlines cancels some flights amid coronavirus outbreak

Weathered stone steps framed by lush tropical vegetation and vine-draped trees leading toward a sunlit opening in Entebbe Botanic Gardens.

How the colonial past of botanical gardens can be put to good use

Health

Children attending school in a refugee settlement in northwestern Uganda in 2019. Some children are sitting on a mat at the front of the class, while others are seated at wooden desks. A female teacher is leading the crowded class.

Stigma keeps Ugandan pupils from seeking help for mental illness

The pharmaceutical manufacturing plant of Quality Chemical Industries Ltd in Luzira, Kampala. The company manufactures and sells antiretroviral medicines for HIV/AIDS, artemisinin-based combination therapies for malaria and hepatitis B medicines using technology from Cipla Limited.

Pharmaceuticals sector

Quality Chemical adds influenza drug to malaria, HIV portfolio

People crossing the border from the Democratic Republic of the Congo into Bunagana, in the south-west of Uganda.

Disease control and prevention

Why shutting the border sends the wrong signal on Ebola

A laboratory technician in white protective gear and a face mask holds a rack of test tubes in a bright, modern molecular biology lab in Mozambique. In the background, another technician works at a large diagnostic machine.

US health deals offer Africa money — and take something far more valuable

Science & Technology

Bats in a cave in Maramagambo Forest in the Queen Elizabeth National Park; a python can also be seen in a crevice in the cave.

Disease control and prevention

How does Marburg virus spread between species? Photos taken by young Ugandan scientist provide important clues

Two men signing a host of financing documents

Pharmaceuticals sector

Quality Chemicals secures $36mn funding from Stanbic Bank to expand production

The Central African Republic has one of the highest HIV infection rates in the region. To help stop the spread of the disease, humanitarian and development organisations are teaching young people — like the scout in this September 2007 photo — about risks and prevention.

Disease control and prevention

HIV breakthrough: trial shows twice-yearly injection 100% effective against infection

Japanese text in the descriptions and titles of the Uganda Securities Exchange website SERPs

The Uganda Securities Exchange website has a serious malware problem

Art & Culture

The Nnaabagereka, Sylvia Nagginda Luswata, left, and the US Ambassador to Uganda, Natalie Brown, at the launch of the Nnaabagereka's autobiography, March 2023

Books

From Buganda’s queen to Tanzania’s master: 4 must-read books from East Africa in 2023

Education

Personal Finance

Five men in dark suits stand on a stage at NSSF's annual members' meeting. Finance minister Henry Musasizi, second from left, shakes hands with a man on the far left, beside gender minister Henry Tumukunde, centre, and NSSF managing director Patrick Ayota, far right. The figure 22.53 is displayed on a large screen behind them.

National Social Security Fund

NSSF pays a record 22.53%, partly from gains it has not banked

Patrick Ayota, NSSF managing director, gesturing while speaking at a lectern, with a screen behind him reading "The Fund Performance FY25/26"

Will NSSF’s Ayota finally upstage Byarugaba?

Patrick Ayota, NSSF managing director, gesturing while speaking at a lectern, with a screen behind him reading "The Fund Performance FY25/26"

National Social Security Fund

NSSF’s record year is smaller than it looks

National Social Security Fund

Why Uganda must expedite pension reforms

Uganda Business News

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