Press Releases

Press Releases

Carrefour to reward customers with up to Shs57mn in prizes as it celebrates four years in business

To celebrate four years in Uganda, Carrefour is giving away Shs1mn to four lucky MyCLUB members every day for 14 days until 13 February, as well as offering discounts on various products
Carrefour is celebrating its fourth anniversary in the country with customers who can win millions of shillings and enjoy daily discounts from 31 January to 13 February 2024. The retailer will be giving away Sh1mn to four lucky MyCLUB members every day for 14 days as a gesture of gratitude for their continued loyalty, with a total of Sh56mn in rewards for the lucky winners. Customers can also enjoy special discounts of up to 50 per cent on various categories including groceries, fresh produce, electronics, appliances and homeware, as well as enter competitions to win instant prizes.
Press Releases

SMEs trained to tap into oil and gas opportunities

130 small and medium business owners trained by Stanbic Business Incubator to win contracts along the proposed East African crude oil pipeline
Participants at a capacity building training programme conducted by Stanbic Business Incubator Limited for small and medium enterprises interested in bidding for contracts on the proposed East African Crude Oil Pipeline (EACOP) project.
Press Releases

Community Pass Customer Summit in Uganda paves way for digital and financial inclusion with Mastercard

Mastercard's second annual Community Pass Customer Summit brought together over 100 partners from the public and private sectors dedicated to creating sustainable solutions for financial inclusion in Africa and beyond
Five panelists, including two men and three women, at Mastercard's 2nd Annual Community Pass Customer Summit in Kampala, January 2024. The summit brought together more than 90 public and private sector partners and more than 20 thought leaders dedicated to creating sustainable solutions for digital and financial inclusion across Africa and beyond.
Press Releases

Centurion Law Group advised Oranto Petroleum on negotiation of oil exploration licence

Oranto's licence extended for two additional years, allowing it to continue exploration and appraisal drilling in the Ngassa block
Centurion Law Group successfully advised Oranto Petroleum Limited in the renewal of its oil exploration license in Uganda. The Ugandan government has extended Oranto's license for two additional years, covering the Ngassa Deep and Ngassa Shallow exploration areas. This extension, effective from December 2023, allows Oranto to continue its exploration and appraisal drilling activities in these promising blocks
Press Releases

Round Up Your Bill: Carrefour raises funds to help underprivileged children

Customers shopping in any Carrefour store can round up their bill to an amount of their choice at checkout; the difference above the transaction total will be donated to one of six partner schools and homes
Majid Al Futtaim Hypermarkets Uganda Ltd staff handover 3 classroom blocks to the founder and director of Angella Nakato, founder and director of Noah's Ark Village. Carrefour, owned and operated by Majid Al Futtaim in Uganda, has officially launched its latest 'Round Up Your Bill' campaign with an event at Noah's Ark Village in Entebbe. 'Round Up Your Bill' allows customers to make donations that support vulnerable groups in neighbouring communities as part of the brand's mission to drive positive change.
Press Releases

Shelter Afrique secures technical assistance grant from IsDBI to develop affordable Islamic housing products

Shelter Afrique sees the development of Islamic finance products as a viable alternative financing model to effectively address Africa’s housing and urban development challenges
Shelter Afrique managing director Thierno Habib-Hann, middle, and other officials at COP28 in Dubai, 6 December. Shelter Afrique, a pan-African housing finance institution, announced a collaboration with the Islamic Development Bank Institute (IsDBI) on the sidelines of COP28. The partnership aims to develop Islamic housing finance products to meet the growing demand for affordable and climate-resilient housing solutions across the continent.
Press Releases

Parish Development Model: Stanbic hands out Flexipay integrated phones to saccos

Initiative to be rolled out across the country to support government efforts to bring 39 per cent of Ugandans into the cash economy
Irene Muwanguzi, the Parish Development Model's Deputy Director for Enterprise Development, hands over a phone to a beneficiary SACCO member
Press Releases

Masdar advances 10GW Africa Growth Plan to unlock energy transition in six sub-Saharan countries

Abu Dhabi Future Energy Company (Masdar), UAE's clean energy leader, implementing 10GW expansion plan in six sub-Saharan countries to facilitate continent's transition to clean energy
Masdar's Mauritania Rural Electrification Program
Press Releases

Traders urged to be transparent with financial institutions

Only 14.2 per cent of the private sector in Uganda had access to credit in 2020, compared to 32 per cent in Kenya
Panellists at the Stanbic Bank trade forum held in Kampala, November 2023
Press Releases

Ugandan startups visit Republic of Korea for annual entrepreneurship festival

The 10 Ugandan startups pitched to local investors at a special session
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