Business

For over seven decades, United Bank for Africa (UBA) has evolved from its modest origins in Nigeria to emerge as a powerhouse in the global financial arena, operating across 20 African nations and key financial centers worldwide. As UBA commemorates its diamond jubilee, its journey as a Pan-African institution with a global footprint underscores its enduring commitment to fostering regional ...

In a strategic move, Vivvo Energies Uganda (Shell) has recently slashed petrol prices to Shs 5,190 per litre and diesel prices to Shs 5,050 per litre, signaling a notable decline compared to previous pricing structures. Following the enactment of the Petroleum Supply (Amendment) Act, 2023, UNOC has taken on the pivotal role of overseeing the importation of petroleum products, with ...

Retired pilot Capt. Francis Babu has said that Uganda is an ideal location for anyone who dreams of starting an airline. He said that when one is starting an airline, location is a crucial area, and the East African nation is a gift to anyone with such an ambition. “Uganda is an ideal location to start an airline. When starting ...

Ideation Corner, a social impact fund dedicated to supporting youth and women in business, has formed a strategic partnership with the UN Women’s Entrepreneurship Day Organization (WEDO) and Ahura AI. Together, they are set to launch an exclusive six-week course on artificial intelligence (AI) tailored specifically for women entrepreneurs. The course, designed to empower women entrepreneurs, will consist of six ...

In light of the recent protests against the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) system implemented by the Uganda Revenue Authority (URA), traders have made the decision to reopen their businesses. This decision comes after a constructive meeting with President Museveni on Friday night, aimed at addressing the concerns raised by the business community. In an official statement released ...