In partnership with Wakiso District local government, Uganda Development Bank (UDB), the country’s national Development Finance Institution tipped the community in Wakiso District on unlocking their immense investment potential through sustainable projects that will spur economic growth. This was during a one-day conference that was held at Peniel Beach Hotel, in Entebbe on Thursday, 13th July 2023. The conference was held under the theme ‘Harnessing Investment Opportunities in Wakiso’ and aimed at identifying solutions for Wakiso District and its constituencies, including Nansana, Kira, Makindye Ssabagabo, and Entebbe. Other partners for the conference also included Uganda Development Forum which was formed…
Author: Entebbe News
Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all their stakeholders and protecting the environment. “The Uganda Development Bank Limited has positioned itself as one of the key drivers of sustainable development and on behalf…
The 19th edition of the Airtel Masaza cup kicked off on Saturday 24th June 2023 at Mutesa II Stadium, Wankulukuku where the Kabaka Ronald Muwenda Mutebi II graced the opening match where Mawokota defeated Busiro in a 3- 1 score. As before, the tournament will have the 18 counties of Buganda Kingdom pooled into three groups to participate in the games. These counties include; Busiro, Ggomba, Mawokota, Ssese, Mawogola, and Kabula who are in the Muganzirwazza group, The Masengere group comprises of Buddu, Buweekula, Kyaggwe, Kyaddondo, Buluuli, and Kkooki. The final group, Bulange has Ssingo, Bulemeezi, Buvuma, Bugerere, and Busujju…
Though it has proved to be the fastest-growing class of insurance business in Uganda, the uptake of health insurance in Uganda is less than 1% according to the Insurance Regulatory Authority (IRA) 2022 August publication on the National Health Insurance Scheme. The report highlights the need to further increase access to insurance services for both the formal and informal sectors so that Ugandans can have access to quality health services since the 1% comprises the formal sector. To complement the initiatives that have been implemented by the government and other players in the health sector, Airtel Mobile Commerce Uganda Limited…
On the 26th of June 2023, the Managing Director Airtel Uganda, Manoj Murali met with the UNFPA country representative Dr. Mary Otieno, and her team, to explore areas of partnership with the UN Population agency. The UNFPA team was led by the country representative, Dr. Mary Otieno. Manoj explained Airtel Uganda’s Transforming lives initiatives in various intervention areas such as digital and financial inclusion, as part of Airtel’s commitment to improve the quality of the population. Airtel Uganda is partnering with Unicef Uganda in a 5year partnership to scale up digital learning in Uganda to transform the learning outcomes of…
Uganda’s commitment to inclusive growth has taken center stage in the country’s pursuit of social cohesion, poverty reduction, economic resilience, and improved governance. Inclusive growth, as defined by the World Bank, surpasses mere economic expansion, and instead focuses on the equitable distribution of resources, opportunities, and benefits. By driving sustainable development, enhancing human capital, expanding market opportunities, and fostering social trust, inclusive growth sets the stage for a more prosperous and equitable nation. As Uganda embraces the fiscal year 2023/24, the government’s budget is crucial in shaping the country’s path toward sustainable and equitable development. Despite facing formidable challenges including…
Aavishkaar Capital (Aavishkaar), an Aavishkaar Group company and a global pioneer in taking an entrepreneurship-based approach to scaling businesses for impact, in partnership with KfW, a German state-owned investment and development bank, announced their second investment from the ESG First Fund in the form of a USD 5Mn loan to Hela Apparel Holdings PLC to fund their Africa growth strategy. The investment is a part of Hela’s larger debt funding round involving a leading development financial institution and signals the company’s long-term commitment to manufacturing in Africa. The ESG First Fund is a USD 250 Mn fund focused on…
The United States Government has asked its nationals to reconsider travel to Uganda after it passed the the anti-LGBTQI+ legislation. The advisory appears to be meant for gay community in the United States. “The May 2023 Anti-Homosexuality Act raises the risk that LGBTQI+ persons, and those perceived to be LGBTQI+, could be prosecuted and subjected to life imprisonment or death based on provisions in the law, and may be subject to mandatory reporting to the police if they are suspected of committing or intending to commit acts in violation of the law, and could face harassment or attacks by vigilantes,”…
Butsebeni cell of Bubutu town council in Namisindwa district witnessed a bizarre drama as a 40-year-old man was accused and sentenced to 27 strokes of the cane after allegedly attempting to rape his younger sister. The accused is a resident of Butsebeni cell, Bumalanga ward, Bubutu town council in Namisindwa district. According to eyewitnesses, the attempted incestuous rape occurred on Sunday night during the funeral vigil of a mentally deranged 22-year-old man who had in turn been lynched last week by the angry congregation of Isaa Masiya church after he was accused of murdering their pastor, 93-year-old John Wamoto and…
Manchester City Football Club won their first-ever Champions League and a treble after a 1-0 win over Inter Milan in Turkey. Midfielder Rodri scored from 15 yards out in the 68th minute to secure a victory over the Italian side at the Ataturk Olympic Stadium in Istanbul – capping an unforgettable season for Pep Guardiola’s side. They outpaced closest rivals Arsenal to comfortably win the Premier League and a week earlier beat bitter rivals Manchester United in the F.A Cup final. It means Manchester City became the first English Premier League club since United to win a treble of all three…