President Yoweri Museveni has today arrived in the capital, Juba, for a working visit to the Republic of South Sudan. He was received upon arrival at Juba International Airport by his host, President Salva Kiir Mayardit, the President of the Republic of South Sudan. Among those at the airport to receive President Museveni were South Sudan’s Minister of Presidential Affairs, Hon. Chol Mawut Ajongo; the Minister of Foreign Affairs and International Cooperation, Hon. Ramadan Muhammed Abdalla; the Minister of Defense and Veteran Affairs, Hon. Chol Thon Balok; and other senior government officials. On the Ugandan side, the President was welcomed…
Author: Rising Nation
On Saturday, 29th March 2025, Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the construction of a 60,000-barrel-per-day crude oil refinery in Kabaale, Hoima District. The deal, witnessed by President Yoweri Kaguta Museveni, at State House, Entebbe marks a major milestone in Uganda’s journey toward energy independence and industrialization. The agreement, signed at a high-level ceremony, will see Alpha MBM Investments LLC take a 60% stake in the refinery, while the Uganda National Oil Company (UNOC) retains 40%. President Museveni hailed the deal as a game-changer for Uganda’s economy…
The National Social Security Fund (NSSF) has disclosed an extensive UGX 827 billion procurement expenditure plan for the 2024/25 fiscal period, positioning itself as a key catalyst in Uganda’s economic transformation. This strategic allocation is designed to stimulate substantial investments across infrastructure, services, and technological innovation, reinforcing the fund’s commitment to fostering local enterprise and advancing national progress. During the 9th NSSF Suppliers Forum, Managing Director Patrick Ayota underscored the imperative for every expenditure unit to yield measurable value—not merely in terms of financial prudence and service excellence but also in its broader socioeconomic ramifications. He elaborated that the procurement…
We are delighted to join the Muslim community in celebrating Eid ul-Fitr, marking the successful completion of the sacred month of Ramadan. As we embrace this joyous occasion, we extend our heartfelt wishes for peace, prosperity, and blessings to all. May this Eid bring happiness, unity, and renewed strength to you, your families, and our entire community. Eid Mubarak!
Stanbic Uganda Holdings Limited (SUHL), the parent entity of Stanbic Bank Uganda, SBG Securities, Stanbic Business Incubator, Stanbic Properties, and FlyHub, has delivered an outstanding financial performance for 2024, showcasing resilience and strategic agility in a dynamic economic landscape. The institution reported a strong profit after tax (PAT) of UGX 478 billion, reaffirming its key role in shaping Uganda’s financial ecosystem. This announcement was made today at a high-profile press conference attended by key executives, clients, and industry stakeholders, including SUHL’s Chief Executive, Francis Karuhanga, and Ronald Makata, the Chief Finance and Value Management Officer. Despite global economic uncertainty, Stanbic…
Kampala’s latest flooding incident has once again underscored the urgent need for coordinated efforts to address the city’s drainage and environmental management challenges. The devastation caused by heavy rains, which resulted in significant property damage and traffic paralysis, calls for proactive solutions to prevent future occurrences. Addressing this crisis requires a multifaceted approach that integrates regulatory enforcement, infrastructure improvement, public-private partnerships, community involvement, and enhanced disaster preparedness. The Kampala Capital City Authority (KCCA) has been at the forefront of efforts to transform the city’s drainage and flood management systems. Over the years, infrastructural challenges such as inadequate drainage networks, encroachment…
The East African Crude Oil Pipeline (EACOP) project has reached a significant milestone with the successful closure of its first tranche of external financing. This landmark achievement, facilitated by a consortium of regional and international financial institutions, underscores the strategic importance of the project in fostering economic development and energy security in East Africa. Strategic Financial Backing and Regional Investment EACOP Ltd., the entity overseeing the pipeline’s construction and future operations, has secured financing from a syndicate that includes the African Export-Import Bank (Afreximbank), The Standard Bank of South Africa Limited, Stanbic Bank Uganda Limited, KCB Bank Uganda, and The…
President Yoweri Kaguta Museveni yesterday hosted the Muslim community for an Iftar dinner at State House Entebbe. During the dinner, the President congratulated the Muslims for successfully fasting during the holy month of Ramadan. “We are left with only a few days for Ramadan to end. We pray that God keeps us safe until the end,” he said. President Museveni also urged believers that as they worship God, they should also think about working towards improving their household incomes. “You the religious leaders, I think you should begin helping your people to develop the thinking of worshipping and working as…
In Iganga, located in the heart of the Busoga Sub-region, a transformative movement is quietly reshaping the economic landscape. Women entrepreneurs, historically constrained by financial limitations, are now emerging as formidable players in the business sector, owing to Equity Bank Uganda’s groundbreaking initiative, Abakyala ku Ntiiko. Equipped with knowledge as their most valuable asset and propelled by an unyielding determination, these women are redefining their financial trajectories. Now in its second edition, Abakyala ku Ntiiko is meticulously designed to instill both the skills and confidence necessary for effective business management. Since its inception in March 2024, the initiative has generated…
Uganda’s water sector has witnessed significant strides, yet sustaining this momentum requires a transformative mindset and a strategic approach. This was the resounding message delivered by Dr. Silver Mugisha, Managing Director of the National Water and Sewerage Corporation (NWSC), during the National Water and Environment Week 2025 held at the Ministry of Water and Environment headquarters in Luzira on Friday, 21 March 2025. Speaking under the theme Water and Environment Resources for Enhanced Resilience and Improved Income and Livelihoods, Dr. Mugisha underscored the need for a paradigm shift, asserting that technical expertise alone is insufficient. He emphasized that success hinges…
