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Tag Archives: Julius Businge

The price of progress?

Uganda’s tax overhaul draws praise—and alarm—from civil society Kampala, Uganda | JULIUS BUSINGE | A coalition of over 50 civil society organizations under the Tax Justice Alliance Uganda (TJAU) has raised critical concerns over the Government of Uganda’s proposed Tax Amendment Bills for the 2025/26 financial year, warning that certain changes …

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Green mandate for Ugandan banks

Industry leaders at the Climate Finance Conference call for robust policies, enhanced capacity, and innovative products to embed sustainability in Uganda’s financial system Kampala, Uganda | JULIUS BUSINGE | Financial experts have called on banks and financial institutions to strengthen their commitment to green financing by implementing clear policies, enhancing human …

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Experts: Uganda must continue anti-money laundering reforms

Reports estimate that trade-based money laundering costs Uganda over $6.6 billion annually Kampala, Uganda | JULIUS BUSINGE | Financial experts have called for sustained collaboration between Uganda’s public and private sectors to strengthen the country’s anti-money laundering (AML) framework, following its recent removal from the Financial Action Task Force (FATF) Grey …

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Insurance Consortium fuels Uganda’s oil sector

The oil and gas industry is inherently high-risk, involving massive investments, operational hazards, and environmental concerns.   Kampala, Uganda | JULIUS BUSINGE | The Insurance Consortium for Oil and Gas Uganda (ICOGU) has emerged as a critical player in Uganda’s rapidly evolving energy sector, providing tailored insurance solutions to address the …

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Milestone: NSSF Smartlife Flexi hits shs5 billion in savings

KAMPALA, UGANDA | Julius Businge | Just three months after its launch, the National Social Security Fund’s (NSSF) flagship voluntary savings product, Smartlife Flexi, has surpassed Shs5 billion in savings, with informal sector micro-savers leading the charge. Praised for its flexibility, the product targets informal sector workers and the self-employed, while …

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Isimba Hydropower Dam at risk

Structural defects and contractor delays now threaten Uganda’s energy future Kampala, Uganda | JULIUS BUSINGE | The Isimba Hydropower Dam, a flagship project in Uganda’s energy sector, was envisioned as a cornerstone of the country’s long-term development goals. Commissioned in 2019, the 183MW facility was meant to provide affordable and reliable …

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Stanbic Bank Uganda welcomes new CEO Mumba Kalifungwa

  Kampala, Uganda | JULIUS BUSINGE | Mumba Kenneth Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the nation’s largest lender by assets, revenue, and deposits, the lender said in a statement issued today – March 3. His appointment was first announced in December of …

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