Simon Kabayo
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News
dfcu signs MoU with IBM, Envision Global to boost digital infrastructure
KAMPALA, December 17, 2025 — dfcu Bank has signed a tripartite Memorandum of Understanding [MoU] with global technology firm International Business Machines Corporation [IBM] and its Platinum Partner, Envision Global, in a…
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UEDCL secures Shs 190bln Loan from Absa Bank to upgrade electricity distribution network
KAMPALA, December 15, 2025 — The Uganda Electricity Distribution Company Limited [UEDCL]has secured a loan worth US$ 50 million [approximately Shs 190 billion] from Absa Bank Uganda to finance the upgrade and…
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Building water infrastructure: Banks urged to offer affordable loans to dairy cooperatives
KAMPALA, December 15, 2025 — Officials from the Ministry of Water and Environment (MWE) and Heifer International have called on commercial banks and other financial institutions in Uganda to provide dairy cooperatives…
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Uganda’s coffee exports fetch Shs 8.2trn in 12 months
KAMPALA, December 12, 2025 — Uganda has recorded one of its strongest coffee export performances in recent years, with shipments over the twelve months from November 2024 to October 2025 reaching 8.4…
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Commercial lending rates in Uganda to remain unchanged, BoU says
KAMPALA, December 11, 2025 — Commercial lending rates in Uganda are expected to remain unchanged, supported by stable macroeconomic conditions marked by low inflation, anticipated economic growth, and a steady Central Bank…
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BoU warns of rising global risks as Uganda’s financial system remains resilient
KAMPALA, December 9, 2025 — Uganda’s financial system remains stable and resilient despite mounting global economic uncertainties, Governor of the Bank of Uganda [BoU], Michael Ating-Ego, said on Thursday during the 10th…
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PSST Ggoobi tours anti-tick vaccine facility at NARO – Nakyesasa
WAKISO, December 9, 2025 — The Permanent Secretary and Secretary to the Treasury [PSST] Ramathan Ggoobi recently visited the National Agricultural Research Organisation [NARO] anti-vaccine facility at Nakyesasa, Namulonge in Wakiso district…
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Investing in Ugandan youth key to accelerating economic transformation – BoU boss
KAMPALA, December 5, 2025 —Uganda’s economy has largely bounced back from the effects of the COVID-19 pandemic, but challenges remain, particularly in employment and entrepreneurship, according to Prof. Augustus Nuwagaba, Deputy Governor…
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Boosting Uganda’s shea industry: Stakeholders launch Nilotica Shea Alliance in Kampala
KAMPALA, December 3, 2025 — Shea butter stakeholders in Uganda have officially launched the Nilotica Shea Alliance [NiSA], marking the establishment of East Africa’s first comprehensive shea platform expected to drive the…
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PSFU demands quick fix to MSME and standards policies
KAMPALA, December 2, 2025 — The Private Sector Foundation Uganda [ PSFU ] has called for comprehensive reforms to the country’s micro, small and medium enterprise [MSME] and national standards policies, warning…
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