Simon Kabayo
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News
Ugandans to post bonds of up to Shs 54mln for US visitor visas
KAMPALA, January 7, 2026 — Ugandans applying for United States B-1/B-2 visitor visas [tourism and business] will now be required to post a visa bond of between Shs 18 million and Shs…
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Gov’t approves use of HIV injectables in Uganda
KAMPALA, January 5, 2025 — The National Drug Authority [NDA] has approved the use of lenacapavir, a twice-yearly HIV prevention [PrEP] injection manufactured by Gilead Sciences, a U.S.-based company. The approval is…
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TDB at 40: Ggoobi lauds lender’s evolution for driving regional development
KAMPALA, January 4, 2026 — The Trade and Development Bank Group [TDB] recently marked 40 years of operations with renewed praise from government and financial sector leaders, who credit the institution’s transformation…
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MSC introduces news loan product for market vendors
KAMPALA, January 4, 2026 — The Government of Uganda, through the Microfinance Support Centre [MSC], has introduced the Katale Loan, a new financing product aimed at empowering market vendors and small-scale traders…
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Commercial lending rates rise to 19.7 percent in October 2025 – report
KAMPALA, December 23, 2025 — Average weighted lending rates in Uganda for both shilling- and foreign currency-denominated credit edged upwards in October 2025, according to the Performance of the Economy Monthly Report…
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Uganda’s export receipts double year-on-year to Shs 5.3trn – report
KAMPALA, December 19, 2025 — A year-on-year assessment shows that Uganda’s exports almost doubled by 94.4 percent, increasing from US$ 769.62 million in October 2024 to approximately US$ 1.5 billion [approximately Shs…
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Uganda, Ethiopia drove Africa’s coffee exports in October – ICO report
KAMPALA, December 18, 2025 — Exports of all forms of coffee from Africa rose by 21.9 percent in October 2025 to 1.73 million bags, up from 1.42mln bags in October 2024, according…
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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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