Author: Daniel Muwanguzi

It was jubilation and a mood of joyousness at Nabumali Boarding Primary School in Mbale on Thursday 23 October 2025 when Equity bank Uganda delivered to the school its very first Bus. Everything was set, to welcome the officials of the Bank, local leaders who included the District Education Officer Mr. Paddy Khaukha, area Mayor Mr. Moses Kutoi and Reverend Eridad Milton Shissa, the Diocesan Secretary, Mbale Diocese among others. The function kicked off as early as 9:00m at the Equity Bank Mbale Branch offices with a flag off of the bus and then later headed to the school, where…

More than ten senior officials from the Uganda Wildlife Authority (UWA) have been arrested in connection with a massive corruption scheme involving forged gorilla tracking permits and recycled payment receipts. The suspects were apprehended following a forensic audit by the Auditor General that uncovered widespread irregularities in UWA’s permit issuance system. According to the audit report, the fraudulent scheme—believed to have operated between 2021 and 2023—led to the loss of over Shs 9 billion in government revenue intended for wildlife conservation. Investigators allege that officials colluded to forge tracking permits and reissue already used payment receipts to unsuspecting tourists and…

dfcu Bank has announced a strategic partnership with MANTRAC Uganda, the authorized dealer of Caterpillar equipment, to provide businesses with affordable, flexible, and comprehensive financing solutions for brand-new machinery and power systems. This collaboration is set to empower Ugandan enterprises, especially those dealing in construction, agriculture, logistics, mining, and manufacturing, to acquire world-class equipment and grow their operational capacity. The partnership offers dfcu Bank customers access to MANTRAC’s wide range of high-quality Caterpillar machinery, including wheel loaders, excavators, motor graders, tractors, dump articulated trucks, mining equipment, warehousing machinery, and power generation systems. These assets are essential for industries driving Uganda’s…

Former Tororo Municipality MP, Candidate for Eastern Region NRM Vice Chairman 2020 and most recently, Candidate for NRM National Entrepreneurs League Chair, Hon. Sanjay Tanna has been appointed to head a campaign Task Force, Eastern region under the Patriotic League of Uganda, (PLU) for President Museveni. The appointment is contained in a letter authored by Michael Nuwagira Kaguta Toyota, the National Vice Chairman, Patriotic League of Uganda dated 21st October, 2025 and addressed to the Secretary General, NRM, Hon. Richard Todwong. An inside source intimated to this Publication that the appointment follows a high stakeholders meeting between the Secretariats…

When you first meet Lynette Akol, her calm demeanor does not immediately reveal the fiery entrepreneurial drive beneath. But once she starts talking about Krystal Ice Limited, her voice comes alive, filled with purpose, pride, and a deep sense of mission. As the founder and CEO of Krystal Ice Limited, a Ugandan fruit-processing company best known for its delicious frozen fruit pops called ice pops, Lynnette’s story is one of grit, growth, and an unrelenting belief that local problems can be solved through local innovation. As one of the 2017 dfcu Rising Woman past winners, her vision and persistence have enabled her…

dfcu Bank has reaffirmed its commitment to transforming Uganda’s financial landscape through green finance, positioning itself as a key player in driving sustainable growth among small and medium enterprises (SMEs). Speaking at the Uganda Green Enterprise Finance Accelerator (UGEFA) Green Finance Dialogue 2025 held at Mestil Hotel in Kampala on Thursday, Ms Diana Nanono Ssengendo, the Bank’s Sustainability Manager, outlined the bank’s progress in integrating climate risk into its lending and operational processes, while scaling up climate-smart financing initiatives for agribusinesses and manufacturing enterprises. “Integrating climate risk into our bank processes is already happening,” Ms Ssengendo revealed. “We have incorporated…

A new global award launches today to recognise the world’s most promising early-stage entrepreneurs, giving founders who are leading companies that are under four years old and pre-Series A, a stage to celebrate their critical work. The Investec Early-Stage Entrepreneur of the Year Awards (“The Investec Easies”), powered by OPUS, are the first awards designed to spotlight founders at the very beginning of their journey. At a time when 305 million businesses are formed each year but few breakthrough, The Investec Easies are designed to uncover the boldest ideas before scale or exit. In partnership with Investec Wealth C Investment International, and Endava, the publicly listed technology services giant, The Investec Easies launch with the weight of institutions that shape both capital and innovation worldwide. The Investec Easies winners will be decided by a combination of public votes and an international panel spanning capital, culture and entrepreneurship. Judges include Maxine Gray (Head of Strategy and Implementation, Investec Wealth C Investment International), Lyndon Subroyen (Group Chief Digital C Technology Officer, Investec), Alastair Lukies CBE (Chief Engagement Officer at Endava), Kristen McLeod CBE (Chief Strategy Officer of British Business Bank), Imtiaz Patel (former CEO of MultiChoice Group), Erin Platts (CEO of Octopus Ventures), and iconic innovator Marc Porat (Founder of General Magic). For the first time, winners will join the OPUS Delegation to Davos, breaking open the gates of a forum where decisions about the future of technology, climate and society are made. Prizes include a £10,000 cash prize, access to The World Economic Forum’s Annual Meeting in Davos, a stage usually reserved for corporates, unicorn founders, and world leaders, and bespoke growth support from OPUS and partners. This combination of capital, access and visibility gives founders tools that are rarely available at such an early stage, positioning them to scale their impact globally. Sam Tidswell-Norrish, Founder G Chair of OPUS, said: “Founders at this stage often work in the shadows. Across an uneven playing field, it is conviction without the spotlight that drives them. The Investec Easies reward the audacity to begin, not just the ability to scale. Everyone talks about unicorns and billion-dollar rounds, but every story starts with a leap of courage: the idea scribbled on a napkin, the risky quit from a stable job, the first late-night coding session. Those leaps are rarely recognised, yet they are the beating heart of entrepreneurship. With The Investec Easies, we want to celebrate those sparks of possibility, because they are where the future is born.” Joubert Hay, Chief Executive Officer of Investec Wealth & Investment International, said: “Investec is rooted in entrepreneurship, within how we think, operate and in our commitment to our clients – many of whom are established entrepreneurs. We believe in the value of being deeply invested in the next generation of entrepreneurs who are the lifeblood of economic health. By sponsoring these awards we bring our international growth strategy and the prosperity of potential clients together. By developing…

Stanbic Bank Uganda’s Chief Finance and Value Management Officer, Ronald Makata, is the standout achiever at the 9th edition of the Uganda CFO Awards 2025, held last evening in Kampala, under the theme “CFO Vision: Creating Impact and Legacy.” Makata distinguished himself as a triple honouree, scooping top accolades in Compliance and Governance, Finance Transformation and Technology, and securing the First Runner-Up position for CFO of the Year—a testament to his exceptional leadership, strategic foresight, and impact in redefining finance excellence within Uganda’s banking sector. The CFO Awards, jointly organised by Deloitte Uganda and ACCA Uganda, celebrate finance professionals who…

The Capital Markets Authority (CMA) Uganda, in partnership with the Uganda Securities Exchange (USE), has successfully hosted the East Africa Capital Markets Conference (EACMC 2025) at the Sheraton Kampala Hotel under the theme: “Shaping East Africa’s Capital Markets through Digital Transformation and Sustainable Finance.” The two-day regional conference, held from October 16–17, 2025, brought together policymakers, regulators, CEOs of regional securities exchanges and regulators, fund managers, issuers, investors, and thought leaders from across the East African Community to discuss emerging trends, opportunities, and challenges in capital market development. In her opening remarks, Mrs. Josephine Okui Ossiya, Chief Executive Officer of…

Glovo, a leading technological platform connecting customers, businesses, and riders, offering multicategory on-demand services from local restaurants, grocers and supermarkets, announced a significant milestone in its partnership with community-based organization Haba Na Haba. By leveraging Glovo’s technology and extensive courier network, the partnership has successfully rescued and distributed 2,712,061 meals to food-insecure communities since its inception in March 2024. At the heart of the partnership is Haba Na Haba’s innovative food rescue model from local markets, which has significantly scaled its impact in the fight against food insecurity and waste. This rescued food is then swiftly distributed to beneficiaries on…