UEDCL losses top Shs10bn as higher costs offset revenue boost
Uganda Electricity Distribution Company, the state-owned power utility, posted yet another full-year loss in the year to June 2024
Uganda Business News
Stanbic Bank Uganda declares annual dividend
Stanbic Uganda Holdings Limited today announced an annual cash dividend of Shs3.13 ($0.00086) per share
Uganda economic activity hits highest in almost 2 years
Business activity in Uganda’s private sector expanded at its fastest pace in 23 months during May, a private survey showed Thursday
Ngũgĩ wa Thiong’o taught me three things: that language matters, that stories are universal and that Africa can thrive
The celebrated Kenyan writer Ngũgĩ wa Thiong’o passed away on 28 May. While many tributes and obituaries have been written, we wanted to learn more about Ngũgĩ himself and his thoughts, so we sought out a leading scholar of his work
Africa’s new credit rating agency could be a game changer. Here’s how
The African Credit Rating Agency is an initiative under development by the African Union and its partners. It is more than a new entrant; it is an attempt to rethink how financial authority is earned, exercised and scrutinised
M23 rebels targeted civilians in Goma, HRW says
The absence of reports of fighting between the warring parties and the nature of the wounds indicate that M23 fighters deliberately executed those in their custody, says HRW
Airtel Uganda Limited: Public Announcement
Notice is hereby given that on 22 May 2025, the Board of Directors of Airtel Uganda Limited approved and declared an interim dividend of Shs74bn, representing Shs1.85 per share for the quarter ended 31 March 2025
Quality Chemicals secures $36mn funding from Stanbic Bank to expand production
Quality Chemical Industries Limited, the pharmaceutical company, has secured a $36mn debt facility from Stanbic Bank Uganda for the construction of a second manufacturing facility
New cholera mapping initiative by the Africa CDC to focus on five African countries
Support offered to these countries includes identifying areas prone to cholera and developing their ability to use national and regional platforms to control and eliminate the disease
What’s at stake as Uganda’s electricity distribution changes hands?
The transfer of electricity distribution assets back to the state-owned Uganda Electricity Distribution Company, following the departure of Umeme, has sparked a dispute centring on a $235mn compensation claim by Umeme