Stanbic shares gain 5% to hit record sh90
During the trading session, Airtel Uganda slipped 0.16% to close at sh169, with 8,719 shares changing hands. MTN Uganda held steady at sh435, though it dominated volumes with 5,007,178 shares traded.
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Tayebwa calls for better packaging, marketing of Uganda’s tourism products
“We should not be known for gorillas alone. Imagine he did not know that there is safari in Uganda. He first went to another country and then came here for gorilla tracking. That means we need to do a lot as a country in terms of marketing and packaging so that we are not only known for gorillas, but also other tourist attractions. We have so much more,” Tayebwa said.
Trump Media sees $238m second-quarter loss on digital assets decline
Trump Media & Technology Group posted a loss of $238.1 million for the quarter ending June 30, the company said in a press release.
Oil prices rise further as hopes for Hormuz deal fade
Crude has surged around 10 percent over the past week, with the United States and Iran appearing no closer to a deal on the crucial waterway despite upbeat comments from the White House earlier in the month.
MTN profit jumps 37.7% to sh367.5b in first half of 2026
The growth represents a 37.7% increase from sh266.9b in the same period last year. The company's board has approved a quarterly interim dividend of sh8.75 per share to shareholders, translating to sh195.9b for shareholders.
URA tightens EFRIS rules, warns businesses over tax deductions
The tax authority has expanded mandatory use of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) to businesses operating in the targeted sectors, with the new requirements taking effect retrospectively from July 1, 2025.
Kampala gold dealer arrested over sh1.6b "export" deal
It is alleged that during the transactions, Ikuna and others used SFC Special Forces Command (SFC) letterheads in some of the communications to dupe their target into believing that they were originating from the institution and that they were executing the deal on behalf of the government of Uganda.
US unexpectedly loses jobs in blow to Trump ahead of midterms
The world's largest economy lost 23,000 jobs in July, data published by the US Bureau of Labor Statistics showed, signalling potential labor market weakness after months of steady growth.
Laropi ferry services suspended for 15 days over repairs
“Ferry services across the Laropi-Umi Ferry route will be halted temporarily from August 10 to 25, 2026, to enable our technical team to undertake the necessary maintenance interventions,” the notice states.
EPRC study shows Uganda’s business climate has improved
Rehema Kahunde, a research analyst at EPRC, stated, "The overall perceptions of business conditions in Uganda improved significantly during the April-June 2026 quarter compared to the January-March 2026 quarter, largely driven by stronger business optimism for the July-September 2026 quarter."
Ecobank, Serena Hotels unveil digital banking partnership
The move seeks to meet consumer expectations that keep evolving. Banks, on the other hand, are increasingly positioning themselves as lifestyle partners rather than simply providers of financial products.
Cornerstone to invest sh50b as NIC Holdings begins life under local ownership
The investment, which is awaiting final regulatory approval, marks a significant milestone for one of Uganda's oldest insurance companies as it transitions into majority local ownership and seeks to restore profitability after years of underperformance.
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Oil pipeline 93% complete
According to the update, 1,536km of the pipeline, representing 99.5% of the entire EACOP network, have been welded. Of these, 1,441km (representing 93%) have been lowered into the trench, while 90% has since been buried in the ground, with restoration activities taking place in both Uganda and Tanzania.
Chief Justice, BoU Governor hail progress of Uganda’s oil projects
The Chief Justice and the central bank governor expressed satisfaction that major infrastructure works are nearing completion.
NHCC seeks sh500b annually to tackle housing deficit
“Aware that land belongs to the people and the shrinking land space due to sprawling developments, NHCC requests for sh300 billion per year for acquisition of adequate land, especially in cities and municipalities to facilitate timely funding and implementation of projects."
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Eight soldiers netted over fight in Bank
Security sources on said the soldiers, who had recently completed military training and were on pass leave, allegedly forced their way into the bank while attempting to withdraw their salaries, triggering a stampede involving hundreds of fellow recruits.
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NSSF moves to evict tycoon Nzeyi from Temangalo land
Appearing before Parliament’s committee on commissions, statutory authorities and state enterprises (COSASE) on Wednesday, NSSF managing director Patrick Ayota said the fund had resolved to demand vacant possession of over 100 acres occupied by Nzeyi after several failed attempts to resolve the matter through a land swap arrangement.
Gombe Community breaks ground for sh1.2b agriculture lab
The euros 290,070.96 (about sh1.2b) project is funded by the European Union and the Kingdom of Belgium and implemented by Enabel under the WeWork Green and Decent Jobs for Youth programme, in collaboration with the Ministry of Education and Sports.
Matugga aggravated robbery: Police arrest suspects, recover gun
“The robbery involved armed men, who attacked a beer delivery truck, assaulted the driver, shot the manager of Rafiki Gardens, and robbed customers of their mobile phones and other valuables before fleeing the scene,” Owoyesigyire said.
Uganda Airlines to table CEO shortlist with board next month
“I am submitting to the board sometime in September a list of candidates, possible candidates for the CEO position. I have shared some names. I have shared some Curriculum Vitae (CVs). But it will be discussed in September.”
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