Vivo Energy Uganda will visit oil and gas sites in the Albertine Graben from Oct. 21 through Oct. 23. Managing Director Joanita Mukasa Menya will lead a team to the Tilenga and Kingfisher projects, Kabalega Industrial Park and Hoima City Stadium. The company wants to understand upstream and midstream operations as Uganda prepares to begin…
The East African Crude Oil Pipeline represents a $5 billion investment that will expand Uganda’s infrastructure assets. The 1,443-kilometer system connects Kabaale in Hoima District to Chongoleani near Tanga Port in Tanzania. Construction is 73 percent complete and will transport crude oil from production sites to export markets for processing and sale. The project has…
Uganda’s insurance sector gathered on Thursday to confront its historically poor market penetration through a strategic shift toward partnership. The Insurance Brokers Association of Uganda and Statewide Insurance Company held a breakfast meeting at Fairway Hotel, where executives examined whether collaboration could replace competitive individualism. Professor Samuel Sejjaaka from MAT ABACUS Business School told attendees…
A savings cooperative for taxi operators in Mbarara City South has expanded its capital from 70 million shillings in 2021 to 250 million shillings. The Emyooga program offers loans at 1 percent monthly interest with an 8-month repayment term, helping members escape money lenders who charge 20 percent rates. Emmanuel Ddamba borrowed 1 million shillings…
Uganda Development Bank graduated 28 small and medium enterprises from its Enterprise Development Program in Mbale after a two-month training course. The businesses came from agriculture, manufacturing, health care, education, tourism and technology sectors. Participants learned corporate governance, record keeping, risk management, marketing and financial planning through sessions run with Makerere University Business School. The…
DFCU Bank has introduced Bancassurance services to help Ugandans protect themselves against unexpected losses from fires, theft, and medical emergencies. Arthur Kintu, the bank’s Bancassurance head, said insurance provides practical protection for families, schools, and small businesses rather than serving only corporations and wealthy individuals. The bank offers bundled coverage options through partnerships with licensed…
Texol Energies received the Quality Seal of Excellence at the 5th East Africa Brand Quality Awards for achievements in two areas. The Uganda-based energy company won recognition as Best Distributor of Automotive Lubricants in East Africa and Best Innovative Oil Station in East Africa. The awards were presented at an event organized by the Chartered…
Financial knowledge serves as the foundation for economic stability in Uganda rather than access to money alone. Daniel Ayebare from the Financial Literacy Association said citizens need skills to save and invest wisely, even when the economy faces problems. The Rotary Club of Bulindo started a program on Thursday, Oct. 17, 2025, to teach communities…
South Africa will host the G20 Leaders’ Summit on November 22 and 23 as the first African nation to lead the global economic forum. The continent holds 30 percent of mineral reserves and 65 percent of arable land, yet remains disconnected from major trade networks. United Nations forecasts show that Africa will account for 25…
Somalia plans to open its first stock exchange to attract investment and link the country with regional markets. Yasin Ibar leads the National Securities Exchange and said the platform will help businesses raise money while giving investors clear information about opportunities. The exchange fits into national plans that followed debt relief and aims to channel…
