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  • Students urged to own their future at Mbale career fair
    Business

    Students urged to own their future at Mbale career fair

    23/10/2025

    Students must take charge of their careers rather than wait for opportunities to arrive. Pamela Kabahesi from BrighterMonday Uganda told more than 2,000 young people at a job fair that success requires personal effort and discipline. The two-day event at the Islamic University in Mbale connected students with employers and taught workplace skills. Rashid Kinsambwe…

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  • Uganda, DRC launch business forum in Butembo
    Business

    Uganda, DRC launch business forum in Butembo

    23/10/2025

    Uganda and Congo launched a business forum on Friday to strengthen trade ties between the two nations. The event took place in Butembo in eastern Congo with officials from both governments and dozens of companies attending. More than 50 Ugandan firms displayed products ranging from farm goods to construction materials for Congolese buyers. Ambassador Farid…

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  • Over 100 firms win East Africa quality awards
    Business

    Over 100 firms win East Africa quality awards

    23/10/2025

    More than 100 companies received recognition for manufacturing and service quality at an awards ceremony on Friday night. The East Africa Quality Brands Awards took place at the Golf Course Hotel in Kampala and granted winners a Quality Mark to boost their competitiveness abroad. Patrick Nsubuga said the event celebrates businesses that drive regional economic…

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  • Experts urge succession plans for Uganda family firms
    Business

    Experts urge succession plans for Uganda family firms

    23/10/2025

    Family businesses in Uganda need formal plans to pass control between generations or risk failure. Leaders met on Friday at a Kampala hotel for the third Enjovu Family Business Conference. Organizers partnered with I&M Bank Uganda to address how companies can prepare younger family members for leadership roles. Robert Waggwa Nsibirwa from Buganda said seven…

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  • Uganda’s Tooke wins top East Africa innovation award
    Business

    Uganda’s Tooke wins top East Africa innovation award

    23/10/2025

    A Ugandan banana processing program won awards for product quality and innovation across East Africa. The Presidential Initiative on Banana Industrial Development and its business division received recognition for Tooke baking flour at a regional competition. The groups also earned prizes for their displays at a recent national trade show. Dr Florence Isabirye Muranga leads…

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  • Blessed Riverstones denies gold fraud allegations
    Business

    Blessed Riverstones denies gold fraud allegations

    23/10/2025

    A Ugandan mining firm denied fraud accusations against its chief executive on Friday. Blessed Riverstones Uganda said Kasongo Mwana Kitenge Deo made false claims about delivering gold and paying money to the company. The Congolese man works with his wife and has deceived multiple investors with fake metals and forged papers. Simon Obel Omondi from…

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  • Uganda CEOs tour Kapeeka industrial powerhouse
    Business

    Uganda CEOs tour Kapeeka industrial powerhouse

    23/10/2025

    Business leaders toured the Liaoshen Industrial Park in Kapeeka on Friday to examine Uganda’s manufacturing growth and investment climate. The Presidential CEO Forum organized the visit to demonstrate how factories create jobs and reduce imports. Executives saw tile production and fruit processing operations that employ more than 1,000 workers and use raw materials from Ugandan…

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  • AI threats rise as cyber insurance prices fall
    Business

    AI threats rise as cyber insurance prices fall

    23/10/2025

    Cyber insurance premiums are falling even as threats grow more dangerous. Maria Long from Resilience said excess market capacity has driven down prices, while hackers use artificial intelligence to launch more effective attacks. Companies paid less for coverage in 2025 despite security controls failing to keep pace with the speed of new risks. Social engineering…

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  • Insurers tighten lens on digital and M&A risks
    Business

    Insurers tighten lens on digital and M&A risks

    23/10/2025

    Insurance companies have sharpened their underwriting methods rather than restricting coverage as regulators increase oversight of financial advisers. Jessica Thayer from Starkweather & Shepley Insurance said carriers examine leadership backgrounds and investment approaches for each firm instead of changing policy terms. The industry has not seen broad enforcement actions since the 2008 financial crisis. Insurers…

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  • Fannie Mae rules squeeze multifamily insurance market
    Business

    Fannie Mae rules squeeze multifamily insurance market

    23/10/2025

    Mortgage giants Fannie Mae and Freddie Mac changed their property-liability rules, but the shift has created problems for apartment building owners seeking financing. Danielle Lombardo from Howden US said lenders want coverage for risks that insurers refuse to offer or severely limit. Claims related to sexual abuse, firearms, animal attacks, and poor living conditions have…

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