Money & Things

Polish Businessman Envisions Drone Manufacturing Hub in Uganda

In a recent meeting between President Museveni of Uganda and Polish entrepreneur Mr. Mariusz Lwanski, hopes have emerged for the creation of a manufacturing hub specializing in cutting-edge technology systems, Unmanned Aerial Vehicles (UAVs), or drones. This meeting, convened at State House in Entebbe, brought together key figures, including Ambassador …

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Airtel Uganda Doubles IPO Incentive as Closing Date Nears

Kampala, Uganda | THE BLACK EXAMINER | Airtel Uganda has doubled its incentive shares for its Initial Public Offering (IPO), just three days before the closing date, aiming to encourage participation and bolster the allocation to Ugandan investors. Manoj Murali, the Managing Director of Airtel Uganda, expressed the company’s commitment …

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Uganda Brands US Warning To Businesses ‘Laughable’

Kampala, Uganda | THE BLACK EXAMINER | Uganda on Tuesday scoffed at a US warning about the risk of doing business in the East African country, describing it as “laughable”. The US State Department published an advisory on Monday urging potential investors to be wary of “endemic corruption” and a …

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Total Energies Rewards Youth for Top AI EV Charging Solutions

Kampala, Uganda | THE BLACK EXAMINER | Total Energies EP Uganda awarded a total of 37,000,000 Ugandan shillings to teams with innovative AI-based solutions for identifying ideal locations for Electric Vehicle (EV) charging points in Kampala. The winning team, TBKN, received 18.5 million Ugandan shillings at the conclusion of a …

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Pearl of Africa Hotel Closed, Pending Auction After Aya Loses Again in Court

Kampala, Uganda | THE BLACK EXAMINER | Aya Investment Limited, the owner of Pearl of Africa Hotel in Kampala, has once again failed to prevent the auction of the hotel due to outstanding loans totaling over US$ 300 million. The Court of Appeal, composed of judges Fredrick Egonda-Ntende, Monica Mugenyi, and Oscar Kihika, ruled against Aya in a reference filed against their financiers, the Industrial Development Corporation of South Africa Limited, to halt the execution of the auction order.

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URA Sets Rental Tax Ultimatum

Kampala, Uganda | THE BLACK EXAMINER | The Uganda Revenue Authority (URA) has granted landlords an extension until December 31, 2023, to settle their rental tax arrears. “Landlords with rental tax arrears due by June 30, 2023, are encouraged to clear the principal tax by December 31, 2023, to take …

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Koree Triumphs as Winner of the 2023 Ecobank Fintech Challenge

Kampala, Uganda | THE BLACK EXAMINER | The 2023 Ecobank Fintech Challenge has crowned Koree, a fintech company based in Cameroon, as its overall winner. The announcement came during the Grand Finale held at the Pan African Centre in Lomé, Togo, where a distinguished panel of judges revealed the victor. …

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