Representatives of microfinance institutions that attended the training aBi Finance is equipping Uganda’s leading microfinance institutions and SACCOs with the tools to integrate Environmental, Social, and Governance (ESG) principles into their operations through a targeted training program. Delivered in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), the initiative aims
Read MoreMonth: June 2025
Jazz Meets Heritage: Kampala Welcomes Global Sax Star Kirk Whalum For dfcu Jazz In The Pearl Festival
Kirk Whalum (Centre) is welcomed at Entebbe Airport Kampala is in for a velvety-smooth musical weekend as legendary American saxophonist Kirk Whalum touches down this Thursday ahead of the dfcu Jazz in the Pearl Festival. If you’ve ever swayed to Whitney Houston’s "I Will Always Love You," then you’ve heard
Read MoreJackline Kamakune, Senior Commubications Officer at NLGRB during the Kamwokya awareness campaign Gambling has become widespread in Uganda, capturing the attention of many, particularly the youth and men. With hopes of quick financial gains, people often find themselves trapped in cycles of losses, debts, and broken relationships. Although there have
Read MoreStakeholders in clean and renewable energy sub-sector during the UNBS meeting The Uganda National Bureau of Standards (UNBS) together with the Ministry of Energy and Mineral Development, has initiated the development of new standards aimed at regulating and promoting the adoption of clean and renewable energy systems on both local
Read MoreUganda’s Boda-Boda Industry Charts Path to Formalization and Economic Sustainability at the National Leadership Retreat
Boda boda representatives that graced the national leadership retreat Uganda’s vibrant yet largely informal boda-boda industry has taken a bold step toward formalization and economic empowerment with the successful hosting of the First National Boda-Boda Union Leadership Retreat at Sacred Hearts Primary School Grounds in Gulu City. The landmark event
Read MoreManufacturers during an engagement with UNBS The Uganda National Bureau of Standards (UNBS) has urged local manufacturers and importers to comply with the Pre-Export Verification of Conformity (PVoC) program and other critical import inspection procedures. This as UNBS on Wednesday convened a strategic engagement with key stakeholders from Uganda’s manufacturing
Read MoreBy Ali Ssekatawa Uganda is slowly but surely positioning herself on the path to transformative infrastructure that will propel among others energy independence, marked by a series of historic milestones achieved in the past six months. First was the closure of external financing syndicated by African and Middle Eastern banks
Read MoreJustice Simon Byabakama Mugenyi, the Electoral Commission Chairperson The Electoral Commission has appointed the period from 25th April to 15th May 2025 for displaying the National Voters Register in preparation for the 2025-2026 General Elections, and in accordance with Section 26 of the Electoral Commission Act (Cap 176). According to
Read MoreChristopher Legilisho, Economist at Stanbic Bank Private sector operating conditions during April remained encouraging as the headline Stanbic Purchasing Managers’ Index (Stanbic PMI) rose to 55.3, up from the 52.9 recorded for March. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0
Read MoreBanks Swim In Shs1.6 Trillion Profit: Top 5 Control 74.46% Of Industry Profits As Uganda’s Most Profitable Banks Revealed
A Photo Montage of bank CEOs and Managing Directors Uganda’s commercial banks recorded a whopping Shs1.633 trillion net profit in 2024, up from Shs1.4 trillion posted in 2023, Business Focus exclusively reports. It’s important to note that Uganda currently has 22 fully fledged commercial banks. This is after three banks
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