Uganda Kickstarts Busy Monetary Policy Week Head for Africa's Central Banks
Umeme Issues Fresh Profit Warning as Arbitration With Uganda Continues
Umeme has issued a second profit warning in just over three months, confirming it expects to post a full-year loss for 2025 after its 20-year electricity distribution concession in Uganda expired in March. The warning, released on 29 January 2026, follows an earlier interim-based notice and reflects the cessation of operating revenue after Q1 2025. With operations ended, investor focus has shifted to a London arbitration with the Ugandan government over disputed post-concession compensation, including a buyout audited at US$118.4 million (KSh 15.3 billion).Uganda's Mobile Money Restrictions Push Users Into Kenya
Ugandans living in the eastern border district of Busia are crossing into neighboring Kenya to access cash due to the government-imposed restrictions.
Uganda Goes to the Polls
AU, COMESA, IGAD Deploy Observers Ahead of Uganda Jan 15 Elections
It comprises 84 short-term observers drawn from African countries including Algeria, Kenya, Nigeria, South Africa, and Tanzania, among others.Uganda Restricts Starlink Ahead of Elections
A memo by the Uganda Revenue Authority (URA) dated December 19th directed customs officials to halt the entry of satellite internet equipment.Absa, StanChart Uganda Retail Deal Enters COMESA Probe Stage
The regional competition watchdog has opened a formal inquiry into Absa Bank Uganda’s planned acquisition of Standard Chartered Bank Uganda’s wealth and retail banking business,Madagascan Telecom Giant Acquires Zuku's Parent Company
AXIAN Telecom’s subsidiary Yas has completed the purchase of 99.63% of Wananchi Group, a major East African broadband and enterprise connectivity provider.Uganda Bags KSh 4.7Bn Grant for Slashing Emissions
Uganda has secured a US$ 31 million (KSh4.7 billion) grant from the Green Climate Fund (GCF), in recognition of its tangible gains in curbing deforestation and cutting carbon emissions.Umeme's H1 Loss Spurs Profit Warning, Buy-Out Cash Swells Reserves
Umeme Limited has issued a profit warning after posting a net loss of USh 166.7Bn (KSh 6.1Bn) for the half year ended June 30, 2025, following the March expiry of [...]Court Orders Coffee Firm’s Guarantors to Repay KCB Uganda More than US$1.1 Million
KCB Bank Uganda has won a major case against the shareholders of Great Lakes Coffee Company, after the High Court in Kampala ordered them to personally repay more than US$1.1 [...]Uganda Set to Host Africa's First AI Factory
Uganda is set to host Africa’s first Artificial Intelligence (AI) factory, inside the 600MW Karuma Hydropower Plant on the River Nile. “This is about empowering Africa to control its data [...]
