Kampala Capital City Authority (KCCA) has pledged to work with affected traders to restore their livelihoods and put in place lasting measures to prevent future flooding in the city’s business hubs. The pledge was made during a meeting convened by Kampala Lord Mayor Erias Lukwago and held in the Mayor’s Parlour at City Hall on […]
KCCA PLEDGES LASTING SOLUTIONS FOR FLOOD-HIT ARCADES Read More »
By Naome Namusoke & Ronald Kabuubi/ KMA updates Kampala, Uganda —Thousands of city traders are demanding government compensation after last week’s torrential rains flooded major arcades in downtown Kampala, destroying goods worth millions of shillings. The downpour, which lasted for over four hours on Thursday, left business owners counting heavy losses as water submerged entire
NAIROBI – The court ordered the Kenyan state to compensate Mugenga Holdings a total of $16,955,000 (about Shs59billion) after his firm suffered massive damage and disruption. Ugandan businessman Tom Mugenga, has landed a major win against the Kenyan government in a court case spanning nearly two decades. Mugenga is a prominent businessman known with investments in
Sanlam Allianz launches its brand in Uganda. By Solomon Lubambula/KmaUpdates To serve Ugandans with improved insurance services, Sanlam and Allianz, the two insurance giants who formed Africa’s largest non-banking financial services company through a joint venture named SanlamAllianz in 2023, have officially launched their SanlamAllianz brand to the Ugandan public. SanlamAllianz’s ambition is to leverage
Sanlam Allianz launches its brand in Uganda. Read More »
The inaugural World Bank-hosted funding from the Global Agriculture and Food Security Program is set to unlock $200m in lending for smallholder farmers across five African countries to help bolster food security and resilience to climate change. The African Development Bank Group (AfDB) has received $14m (€12m) funding from the Global Agriculture and Food Security Program’s
AfDB receives $14m in private sector lending for African agribusinesses. Read More »
By Solomon Lubambula. The Uganda Securities Exchange (USE) has been recognised as the first Self Regulator Organisation in Uganda a step that is expected to improve efficiency and streamline capital markets. Speaking at the launch of the World Investors’ Week, Paul Bwiso, the CEO Uganda Securities Exchange (USE) said the self regulator status accorded means
USE Recieves Regulatory Powers, As CMA Launches World Investors Week. Read More »
MTN Uganda launches third phase of Changemakers initiative with UGX 500 million investment MTN Uganda has today rolled out the third phase of its flagship Changemakers Initiative, a community investment programme designed to fund and scale grassroots innovations that are transforming lives across the country. The initiative, implemented through the MTN Foundation Uganda, will
Despite making up less than one per cent of Uganda’s population, the Indian Community, according to reports from the Ministry of Finance, Planning and Economic Development, contributes at least 65 per cent of the nation’s income tax revenue. H.E president Yoweri Museveni awards Uganda’s richest Mogul Dr. Sudhir Ruparelia. H.E president Yoweri Museveni awards Uganda’s
His Royal Marjesty Phillip Olarker Rauni III awards trophy to Jonam after beating Psdyere 3.2 in panelty in Bar Okoro.Photo by Patrick Okaba By Our Reporter Jonam County has emerged as the champion of the 2025 MTN–Kopu P’ubimu Football Cup after a tense 3–3 draw and penalty shootout victory over Padyere County at
Jonam County retains MTN–Kopu P’ubimu football title Read More »
WASHINGTON D.C., United States of America, October 26, 2025/ — The Global Agriculture and Food Security Program (GAFSP) has announced the first allocation from its new private sector financing window to the African Development Bank Group (www.AfDB.org), providing $14 million in de-risking capital that aims to unlock $200 million from the private sector to enhance
