Author: felix@elixnews.co.ug
Equity Bank Uganda, one of the regional subsidiaries recorded great results as it continues to bounce back with Profit After Tax (PAT) recording a significant 61 % increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously Equity Bank Uganda also registered NPL ratio of 8.8%, down from 20.9% Uganda has been recognised globally as having momentous growth in the East African region couplec by low inflation. Equity Bank Kenya recovery…
President Yoweri Museveni has fulfilled his pledge to strengthen local governance by delivering 176 brand new vehicles worth UGX 35.2 billion to Local Government leaders across the country. The vehicles were this afternoon handed over at Kololo Ceremonial Grounds to 135 District Chairpersons, 10 City Mayors, and 31 Municipal Leaders. This initiative is aimed at enhancing the supervision and monitoring of key Government programmes such as the Road Fund, Parish Development Model (PDM), Emyooga, Regional Development Programme (RDP), Youth Livelihood Programme (YLP), Women Entrepreneurship Programme (UWEP), and other initiatives that promote local economic growth and effective service delivery. Representing the…
The Minister for Science,Technology and Innovation Dr. Monica Musenero has called upon researchers and educationists to embrace Artificial Intelligence to address Africa emerging challenges. Opening the 5th African Research Universities Alliance (ARUA) Biennial International Conference on Research, Innovation and Artificial Intelligence on October 29, 2025 held at Makerere University,Musenero commended Makerere University for its key role it has played in Uganda. The Secretary-General ARUA, Prof. John Owusu Gyapong, thanked delegates for their dedication and vibrant engagement saying the rich exchanges and collaborative spirit demonstrated ARUA’s growing strength and shared purpose. He expressed deep appreciation to keynote speakers, panelists, and partners for…
Djibouti’s parliament has removed the constitutional age ceiling for presidential candidates, opening the door for Ismail Omar Guelleh the incumbent to seek a sixth term despite being 77 years old. Guelleh won his fifth term in 2021 with more than 98 percent of votes after opposition groups boycotted the election. At the time, the United States welcomed the result but encouraged the government “to further strengthen its democratic institutions and processes in line with recommendations from the observer missions”. Guelleh is East Africa’s third-longest-serving leader behind Uganda’s Yoweri Museveni, in power for nearly four decades, and Eritrea’s Isaias Afwerki, with…
By Felix Oketcho Nonda Coffee Shop and Roastery, Uganda’s first single-origin coffee franchise in the Kingdom of Saudi Arabia. The flagship outlet, located in the heart of Riyadh, marks a historic milestone in Uganda’s coffee journey, bringing the nation’s finest beans to one of the world’s fastest-growing hospitality and investment hubs. The new coffee house will serve premium Ugandan single-origin coffee to a cosmopolitan audience of residents, business travelers, and millions of international visitors who frequent Saudi Arabia for commerce, pilgrimage, and tourism. The Riyadh launch is the first in a series of outlets planned across the Kingdom, part of…
President Yoweri Museveni has commended the people of Nabilatuk for their unwavering support to the National Resistance Movement (NRM) and tasked them to overwhelmingly vote for the party for another term in office because of its clarity on leadership strategies and society dynamics. He explains that the NRM has so far established a clear wealth creation strategy which no other contender for leadership has been able to counter. President Museveni also highlighted NRM’s achievements which include among others, restoring lasting peace in Karamoja and Uganda at large. “You all are witnesses to how the NRM has been able to create…
President Yoweri Kaguta Museveni has expressed delight over the remarkable improvement in water access across Nakapiripirit District. He described it as proof of how the National Resistance Movement (NRM)’s long-term investments in infrastructure are transforming lives in Karamoja. Speaking during a campaign rally at Namboole II Grounds in Nakapiripirit yesterday, President Museveni, who is also the NRM Presidential flag bearer, said he was impressed to learn that 82% of villages in the district now have access to safe water, one of the highest coverage levels in the subregion. “I was looking at water coverage, and I’m happy to see thatNakapiripirit…
The Senior Presidential Advisor In-charge of Political Mobilization Moses Byaruhanga has reaffirmed government’s commitment to financially empower Muslim leaders like Imams and Sheikhs, with an aim of fighting poverty and improving their livelihoods. “On top of the PDM, H.E the President is going to inject funds in SACCOs for religious leaders of Islam and Christianity so that they fight poverty. The Muslims here have already organized themselves from the smallest unit up to the headquarters. We are going to fund them like we have been doing to other SACCOs,” he said. Byaruhanga made the remarks today while addressing the leadership…
In a strategic move aimed to stop any forms of corruption in public recruitment, Permanent Secretary Ministry of Local government Ben Kumumanya has ordered Heads of Human Resource and Secretaries to Service Commissions to uphold integrity and professionalism in managing public service. He directed all Local Governments to adopt this practice in their future recruitment adverts to promote transparency and restore public confidence in the recruitment process. Kumumanya warned against bribery and manipulation in recruitment, emphasizing that all public officers serve in trust for the people of Uganda. He commended Masaka District for embracing disclaimer on its job adverts clearly…
Uganda’s Opposition Leader Col. Warren Kizza Besigye and Tanzania’s Tundu Lissu ave have been recognized as Champions of Democracy in Africa. This was announced during the 2025 Democracy Union of Africa Conference, a ceremony that spotlighted the growing struggle for political freedoms across the continent. Besigye has been in Luzira Maximum Prison following his arrest in Nairobi, Kenya, on Novemmber 16, 2024 where he had gone to attend an event organized by Kenya’s Martha Karua todate he is on remand at Luzira Prison.. Kizza Besigye is a Ugandan opposition leader, physician, and former presidential candidate born in 1956 in Rukungiri…