Inside Dangote Refinery’s Agenda to Setup Africa’s Biggest IPO at $49 Billion Valuation

Aliko Dangote, chairman of the Dangote Group, and a syndicate of investment banks have signed registration papers for the initial public offering (IPO) of his refining and petrochemicals business, formally setting the stage for what is expected to become the largest share sale in African history. The proposed offering will involve 4.1 billion shares priced at N525 each, equivalent to…

FinancialT

Petroleum Fund rises to Shs212.6b as Uganda targets first oil in FY2026/27

Uganda’s Petroleum Fund had grown to Shs212.6 billion by December 2025, as the country moved closer to its long-awaited first oil production, Finance Minister Henry Musasizi has said. Musasizi presented the Petroleum Fund Annual Report for the financial year ended June 30, 2025, and the semi-annual report for the period ended December 31, 2025, to the Parliamentary Committee on Finance,…

FinancialT

Government Moves to Write off UGX 35 billion in arrears owned by tea factories

The Government is set to write off more than Shs35 billion in tax arrears owed by tea factories as part of a wider intervention aimed at reviving Uganda’s struggling tea industry, the Deputy Speaker of Parliament, Thomas Tayebwa, has said. He said the arrears will be waived as soon as Parliament resumes after recess. The decision follows sustained efforts by…

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Stanbic Bank Launches ‘Stay Switched On’ Campaign to Strengthen Fight Against Cyber Fraud

KAMPALA: Stanbic Bank Uganda has launched ‘Stay Switched On’, a new anti-fraud…

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Madi-West Nile Diocese and Equity Bank forge partnership to unlock church assets

The Madi-West Nile Diocese of the Church of Uganda and Equity Bank…

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How Stanbic made Uganda home 35 years ago

By Our Reporter It is 1991. Kampala Road is paved with tarmac.…

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Sedes Sapientiae Wins Stanbic National Schools Championship with Poultry Feed Innovation

Sedes Sapientiae Academiae in Kiruhura District has won the 11th Stanbic National…

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Kawamara: ‘We were supposed to be planning his wedding, not his funeral’

I have struggled to find words for the death of my King,…

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Hollywood Star Tyrese Gibson Arrives in Uganda to Champion Coffee and Tourism

American actor and R&B singer Tyrese Gibson has arrived in Uganda ahead…

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Sudhir Ruparelia Earns UGX2.25 Billion Dividend as Bank of Baroda Rewards Shareholders

Ugandan businessman Sudhir Ruparelia has received a dividend payout of UGX2.251 billion…

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Uganda Film Festival Launches Nationwide Screenings and Industry Trainings

The local cinematic landscape has officially come alive as nationwide film screenings…

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