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Bank of Uganda Assures Customers Amid Standard Chartered Uganda’s Proposed Sale

The Bank of Uganda (BoU) has assured customers of Standard Chartered Bank Uganda (SCB) that their funds are secure after the bank proposed selling its wealth management and retail banking operations in Uganda. This move is part of SCB’s broader strategy to focus on corporate and institutional banking in Africa. The Bank of Uganda (BoU) […]

Uganda Launches E-Bus Xpress in Jinja, Ushering in a Sustainable Future for Public Transportation

The E-Bus Xpress, an electric-powered public transport system, has debuted in Jinja, introducing eco-friendly and efficient mass transit options. Featuring electric buses with e-payment systems, wide doorways, and Electronically Controlled Air Suspension (ECAS) for accessibility, the initiative emphasizes sustainability and inclusivity. E-Bus Xpress, an electric-powered public transport system Uganda’s mass transportation landscape is taking a […]

Industrialization Will Accelerate Economic Transformation – Trade Minister

Trade minister, Francis Mwebesa, has called for robust efforts to accelerate Uganda’s industrial growth to achieve sustainable economic transformation. In order to accomplish sustained economic transformation, Francis Mwebesa, Uganda’s trade minister, has called for strong measures to boost Uganda’s industrial growth. Latest data, according to the Uganda Investment Authority, suggest that Uganda has over 5,000 […]

NSSF Launches Flexible Voluntary Savings Plan for Broader Social Security Coverage

The National Social Security Fund (NSSF) has introduced the NSSF Smartlife Savings Plan, a voluntary savings product aimed at expanding social security to informal sector workers, Ugandans in the diaspora, and other underserved groups. L-R: Patrick Ayota, the MD NSSF Uganda, David Ogong, the board chairman and Thadeus Musoke, the KACITA Chairman look on as […]

Uganda Airlines to Expand International and Intra-Africa Routes by 2025

Uganda Airlines plans to significantly expand its network by mid-2025, targeting new international routes to London, Saudi Arabia, and China, as well as regional routes within Africa, including Cape Town, Khartoum, and Goma. Chief Commercial Officer Adedayo Olawuyi announced these plans at a travel agents forum in Johannesburg, revealing that the London Gatwick route will […]

Government Reaffirms Commitment to Launch National Health Insurance Scheme

Government is committed to launching a National Health Insurance Scheme to provide affordable healthcare for all Ugandans, with new legislation in progress that would require citizens over 18 to enroll and pay a small annual premium. The State Minister of Finance for General Duties, Henry Musasizi, has affirmed the Government’s commitment to launching the National […]

Museveni Approves District SACCOs to Empower Industrial Hub Graduates

President Yoweri Museveni has approved a plan to support graduates from Uganda’s Presidential Industrial Hubs through district-based SACCOs, providing start-up capital for small enterprises. Museveni while commissioning the Bukedi Zonal Presidential Industrial Hub in Kibuku District during his Parish Development Model (PDM) Assessment Tour. President Yoweri Museveni has approved a new initiative allowing graduates from […]

UAE Investors Commit to Transforming Uganda’s Waste into Clean Energy and Valuable Products

Investors from the UAE have pledged to collaborate with the Ugandan government to convert waste into valuable products like clean energy, fertilizers, and fuel. Investors from the United Arab Emirates (UAE) have committed to collaborating with the Ugandan government to transform waste into valuable outputs such as clean energy, fertilizers, and fuel. This commitment was […]

Transition in Uganda’s Electricity Meters: New Era Begins November 2024

Minister of Energy, Ruth Nankabirwa, announced that prepaid electricity meters, commonly known as “yaka,” will expire by November 24, 2024, due to outdated software. UEDCL is upgrading these meters to ensure continuous service, extending their lifespan to November 2054. In January, the Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, announced that by November […]

Finance Ministry Pioneers National Green Taxonomy to Boost Climate Finance

Ministry of Finance is developing a National Green Taxonomy to optimize climate finance by guiding environmentally beneficial investments. As part of the Inclusive Green Economy program, civil servants are receiving training on green policies and environmental taxes, including proposals to integrate carbon credits and renewable energy into Uganda’s development plans. The Climate Finance Unit at […]