Sylvia Mulinge Appointed MTN Uganda CEO
MTN Uganda has appointed Sylvia Mulinge as the Chief Executive Officer effective 1 September 2022. SylviaMulingewill be joining MTN Uganda from Safaricom, where she served asChief Consumer Business Officer for [...]
Uganda Reverses Stand on Kenya's Car Market
Uganda has made an about-turn and relaxed the tough import conditions it has set for vehicles aged over nine years entering its market from July, dealing a setback to Kenyan [...]BAT Uganda Calls for Government Action Against Illicit Cigarettes
BAT Uganda has called for enhanced action against illicit trade in Uganda, following a report indicating that the illicit cigarette trade in the country continues to rise significantly. The research [...]Pesapal Receives License from Bank of Uganda
Pesapal Uganda has received a nod from the Bank of Uganda to operate as a Payment System Operator. The firm's Uganda Country Director Martin Barungi said with the license, Pesapal [...]
Uganda Pumps $10 Million to South-South Project
Uganda plans to put nearly $10 million to phase III of a South-South Co-operation project that also involves the participation of China and the Food and Agriculture Organization(FAO). Kampala will [...]Bamburi Cement Plc Shareholders Approve KSh 1.3 Billion Dividend Payout
Bamburi Shareholders approved payment of a first and final dividend of KSh 3.58 per share during its 71st Annual General Meeting(AGM), held virtually on 16th June 2022. This is equivalent [...]Kenya's Return of Import Fee on Uganda Eggs Sets Stage for Trade War
Kenya and Uganda are staring at a new round of trade wars after Nairobi reintroduced a tax on eggs from the neighbouring country. Uganda says the Kenyan government is now [...]Uganda Hikes Interest Rate to 7.5% to Tame Inflation
Uganda increased interest rates for the first time since October 2018 to counter accelerating inflation and support the weakening shilling. The monetary policy committee raised the benchmark rate to 7.5% from 6.5%, [...]East Africa Faces Food Shortage After Failed Rains
East Africa is facing a threat of starvation following four failed rainy seasons, says a joint alert issued by humanitarian partners and metrological agencies. These organizations warn that the situation [...]DTB Net Earnings Rise 15.8% to KSh 2.2B
DTB( Diamond Trust Bank) Group recorded a net profit of KSh 2.2 billion at the end of the first three months of this year compared to KSh 1.9 billion over [...]IM Group Net Profit rises 27% to KSh 2.7B
IM Group Plc recorded an increase in Net profit of KSh 2.7 billion in Q1 2022 compared to KSh 1.9 billion over a similar period in 2021, an increase of [...]Platinum Credit to Receive $45 Million Loan from IFC
Regional micro-financier Platinum Credit is set to get a Sh5.2billion ($45 million) loan from the International Finance Corporation (IFC) to support the growth of small businesses in Kenya and Uganda. [...]
