Author: Our Reporter
Kampala, Uganda – In a move set to bolster Uganda’s economic growth, the British Chamber of Commerce Uganda (BCCU) officially launched today, aiming to strengthen trade ties between the UK and Uganda. The launch event, attended by top government officials, business leaders, and industry experts, marked a significant milestone in Uganda’s efforts to attract foreign investment and promote economic development. The BCCU, which will act as a collective voice for the business community, is poised to play a crucial role in shaping trade policy, reducing barriers to entry, and increasing trade and investment between the two nations. With the UK…
MTN Mobile Money (U) Limited (MTN MoMo) has announced a contribution of UGX 55 million to support Ekisaakaate Kya Nnabagereka 2025, reinforcing its commitment to empowering Ugandan youth and preserving cultural heritage through technology. The launch event, held in the Bulange gardens at Mengo, featured Her Royal Highness, the Nnabagereka of Buganda, Sylvia Nagginda, and guest of honor, MTN CEO, Ms. Sylvia Mulinge. MTN MoMo Managing Director Richard Yego said that MTN MoMo had a shared commitment with the Nnabagereka Development Foundation to create positive change and empower communities in Uganda. “This collaboration goes beyond mere sponsorship; it is a…
Equity Bank Uganda Limited has extended its support worth UGX10 million towards the Watoto Golf Tournament set to happen this Saturday, August 10th 2024, at the Uganda Golf Club. Organised by Watoto Church Uganda, the tournament is part of the 40th Anniversary celebrations and seeks to raise resources to upskill learners and equip Hope Vocational and Technical Institute, as proceeds will go towards equipping the different departments with the necessary vocational training tools and resources needed to facilitate learning of up to 1,400 students. Equity Bank Managing Director Anthony Kituuka highlighted Equity Bank’s partnership and sponsorship, as this demonstrates the…
The Uganda Wildlife Authority (UWA) has today disbursed UGX 3,151,730,162 in revenue-sharing funds to six districts surrounding the Murchison Falls Protected Area. This substantial financial support underscores the Government of Uganda’s commitment to recognizing and empowering the communities that are essential to the conservation of the nation’s wildlife. The disbursement event, held at Nwoya District headquarters, was presided over by the Honourable Minister of Tourism, Wildlife, and Antiquities, Hon. Tom Butime. The Minister emphasized the importance of this initiative, highlighting the crucial role local communities play in safeguarding Uganda’s natural heritage. “Today’s disbursement is a testament to the Government’s recognition…
MTN Uganda has announced a significant 29.7% increase in net profit to Shs 295.7 billion for the half-year ended June 2024, driven by robust growth in voice, data, and fintech services. The telecom company’s voice revenues rose by 15.1% to Shs 626.7 billion, while data and fintech services saw impressive increases of 28.6% and 23.5%, reaching Shs 373.3 billion and Shs 442.3 billion respectively during the same period. Overall, MTN Uganda’s service revenue surged by 20.4% to Shs 1.5 trillion, supported by a 14.6% growth in mobile subscriber numbers, which now stands at 20.7 million. Earnings before interest, tax, depreciation,…
Kampala, Uganda – Fresh Dairy has launched a new campaign dubbed ‘Work It With Fresh Diary’ aimed at encouraging children and adults to stay active while rejuvenating and hydrating with their flavored milk. The campaign is based on research that suggests drinking milk during or after a workout replenishes muscle synthesis and strength due to its energy-rich carbohydrates and proteins. According to Vincent Omoth, Marketing Manager at Fresh Dairy, “We believe in giving consumers dairy products that elevate and delight their everyday living. Our ‘Work It with Fresh Dairy’ campaign encourages Ugandans to remain active through sports and workouts while…
The National Social Security Fund (NSSF) has today launched the 26th edition of the Kampala Amateur Volleyball Club (KAVC) International tournament aimed atshowcasing and promoting Uganda’s local sports talent. The highly anticipated annual NSSF KAVC Tournament is set to host 30 teams of both men and women from local and foreign clubs from four countries including: Burundi, Rwanda, South Sudan and Uganda. Speaking at the launch of the tournament during a press conference held at Lugogo Indoor Stadium in Kampala today under the theme: Championing Better Community Health and Behavior Through Sports, Barbra Arimi Teddy, the NSSF Head of Marketing…
Kampala, Uganda – August 2, 2024 – The Uganda Development Bank (UDB), has today unveiled its 2023 Development Impact Report. This annual report reflects the bank’s continued commitment to enhancing Uganda’s socio-economic landscape through strategic investments and interventions. Launched under the theme ‘Transforming Lives: The Role of UDB in Driving Socio-economic Transformation in Uganda,’ the report presents compelling evidence of UDB’s positive impact across various sectors. This year’s findings highlight remarkable achievements in job creation, output value, foreign exchange earnings, and tax contributions, all stemming from initiatives supported by the bank. “The 2023 Development Impact Report underscores the substantial impact of…
BIC, a world leader in stationery, lighters, and shavers, recently concluded the third edition of its rebranded penmanship program that saw 8,953 students benefiting from it. Previously known as ‘My Words, My Story, My BIC Pen’, the program, revamped to “Express Myself with My BIC Pen”, incorporates creativity and expression through writing and drawing. Commenting on the success of the program, BIC’s Marketing Manager in East Africa, Salome Ngugi, said: “BIC is committed to enriching the educational journey of students. Our initiative goes beyond providing writing instruments; it focuses on overcoming challenges such as handwriting proficiency, which is crucial for…
The Department of Museums and Monuments has announced a temporary closure of Uganda National Museum for extensive renovations starting 1st August 2024 expected to last for ten months. The refurbishment aims to preserve and enhance the museum’s rich historical, cultural, and natural heritage for all generations. Uganda National Museum: the oldest in East Africa will undergo significant upgrades, including structural repairs and installation of modern facilities that enhance visitor experience. The upgrades are part of the commitment by government to promote and preserve Uganda’s cultural heritage as well as improve visitor experience at the site that match global standards. The…