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In a bold move reaffirming its commitment to building a purpose-driven and people-centered organization, dfcu Bank has a...
29/07/2025

In a bold move reaffirming its commitment to building a purpose-driven and people-centered organization, dfcu Bank has appointed Marsha Nyonyozi Walusimbi as its new Chief of People and Culture Transformation.

Bringing nearly two decades of experience in human capital leadership across Africa, Marsha is set to drive the Bank’s transformation agenda with a renewed focus on culture evolution, talent development, inclusion, and organizational excellence.

dfcu Bank has appointed Marsha Nyonyozi Walusimbi as its new Chief of People and Culture Transformation.

In a stunning legal development, dfcu Bank has emerged victorious in a key procedural ruling against Crane Bank Limited ...
29/07/2025

In a stunning legal development, dfcu Bank has emerged victorious in a key procedural ruling against Crane Bank Limited (CBL) at the English High Court. This latest decision dismisses a critical attempt by CBL’s legal team to exclude key forensic audit reports from the ongoing legal proceedings, and it could have far-reaching consequences for the case and the broader Ugandan financial landscape.

The case revolves around the controversial 2017 acquisition of Crane Bank by dfcu, a transaction that has been dogged by allegations of mismanagement and fraudulent activity. The latest court ruling, which has sent shockwaves through both legal and financial circles, will now allow crucial findings from a forensic audit by PricewaterhouseCoopers (PwC) to be presented as evidence in court.

dfcu Bank has emerged victorious in a key procedural ruling against Crane Bank Limited (CBL) at the English High Court.

FAMReports News Desk | July 2025The Shillings 10.5 billion renovation of Makerere University’s iconic female students’ r...
28/07/2025

FAMReports News Desk | July 2025

The Shillings 10.5 billion renovation of Makerere University’s iconic female students’ residence, Mary Stuart Hall, has officially been completed and handed over to the university management, marking a significant milestone in the ongoing efforts to improve student accommodation.

The project, which began on July 25, 2024, was implemented by the National Enterprise Corporation Construction Works and Engineering Ltd, the commercial arm of the Ministry of Defence and Uganda Peoples Defence Forces.

NEC managing director Lt Gen James Mugira officially handed over the refurbished hall to Makerere University vice chancellor Prof Barnabas Nawangwe on July 26, 2025, in a symbolic ceremony held at the premises.

The Shillings 10.5 billion renovation of Makerere University's iconic female students’ residence, Mary Stuart Hall, has officially

FAMReports Opportunity Desk | July 2025In a significant move to promote inclusive and equitable access to quality higher...
26/07/2025

FAMReports Opportunity Desk | July 2025

In a significant move to promote inclusive and equitable access to quality higher education, the University of Rwanda (UR), in partnership with the Mastercard Foundation, has launched its annual call for applications for the 2025/2026 Mastercard Foundation Scholars Program. The prestigious scholarship is fully funded and aims to support talented African youth, particularly those with limited access to opportunities, including young women, persons with disabilities, refugees, and displaced youth.

This opportunity falls under the Mastercard Foundation’s broader Young Africa Works Strategy, which targets enabling 30 million young Africans to access dignified and fulfilling work by 2030. The program at UR aligns with this vision by offering a transformative undergraduate academic experience for Africa’s next generation of changemakers.



What the Program Offers

The Mastercard Foundation Scholars Program at the University of Rwanda is a 10-year initiative (2021–2031) dedicated to educating and empowering 1,400 youth across Africa. The scholarship goes beyond financial assistance—it combines academic support, leadership development, and professional mentorship to prepare youth for a life of impact.

Successful applicants will receive:

Full tuition fee coverage

On-campus accommodation (fully paid)

A laptop and academic learning materials

Monthly living stipend for the full academic year

Annual return ticket allowance (for international scholars)

Psycho-social support services

Internships with industry partners for professional development

Continued academic mentorship, tutoring, and virtual learning

Career development training in areas such as enterprise development and career guidance

Participation in leadership and community development activities

Access to the Mastercard Foundation Global Scholars Alumni Network

Recommended: Uganda’s Gold Exports Surge, Fueling Record Foreign Earnings in 2025

The scholarship creates a holistic academic environment for young people to grow intellectually and socially while also building the leadership skills required for national and continental transformation.



Who Can Apply?

The program is open to:

Rwandan citizens, eligible under the national scholarship quota

Citizens of any African country, including refugees and displaced youth residing in Africa

University of Rwanda (UR), in partnership with the Mastercard Foundation, has launched its annual call for applications for the 2025/2026 Mastercard Foundation Scholars Program.

FAMReports News Desk | July 2025Uganda has recorded a staggering USD 1.91 billion in gold export earnings in the first f...
26/07/2025

FAMReports News Desk | July 2025

Uganda has recorded a staggering USD 1.91 billion in gold export earnings in the first five months of 2025, reinforcing the mineral’s status as the country’s leading foreign exchange earner.

According to data from the Ministry of Finance Planning and Economic Development (MoFPED), the value of gold exports has grown steadily month by month, showing robust global demand and increased volumes moving through formal trading channels. In January 2025, Uganda earned USD 318.71 million from gold exports. Although this figure dipped slightly in February, earnings rebounded strongly in March, climbing to USD 385.08 million. The momentum continued with April and May posting USD 382.06 million and USD 485.83 million respectively — the highest monthly figure recorded so far this year.

The United Arab Emirates (UAE) remains Uganda’s largest market for gold, accounting for a significant share of the country’s exports. In May 2025 alone, Uganda exported USD 411 million worth of goods to the UAE — the majority of which was gold.

Officials attribute the growth in gold export performance to improved regulatory oversight and enforcement measures implemented by the Uganda Revenue Authority (URA). These measures have enhanced transparency and reduced informal trading, which had previously cast a shadow over Uganda’s gold trade due to concerns around traceability and illicit re-exports.

“While Uganda’s gold export figures have in the past drawn international scrutiny over smuggling and certification gaps, recent efforts to strengthen compliance and formalization are paying off,” said Truman Musinguzi, a Kampala-based economic analyst. “This trend signals confidence in Uganda’s gold as a legitimate global commodity.”

Uganda has recorded a staggering USD 1.91 billion in gold export earnings in the first five months of 2025, reinforcing the mineral’s status as the country’s leading foreign exchange earner.

FAMReports News Desk | July 21, 2025In a move that marks a significant shift in the telecom and financial services lands...
26/07/2025

FAMReports News Desk | July 21, 2025

In a move that marks a significant shift in the telecom and financial services landscape in Uganda, shareholders of MTN Uganda have voted to separate the company’s mobile money operations from its core telecommunications business. The resolution was passed during an extraordinary general meeting held on Tuesday, signaling a new chapter for one of the country’s leading mobile operators.

The decision comes as part of MTN Group’s broader strategy to establish a dedicated Fintech entity which will consolidate its mobile financial services across Africa. According to MTN Uganda chairman Charles Mbiire, the aim is to unlock the full potential of the mobile money business by creating a separate, specialized platform capable of driving growth and attracting Fintech-focused investors.

“Fintech is different. It needs freedom and flexibility to grow,” Mr Mbiire said during the meeting. “By separating it, we are giving it room to innovate and lead.”

This structural transformation has been in preparation since 2020, and Tuesday’s vote represents a milestone in a multi-year journey to build a more agile and investor-attractive Fintech structure. The shift acknowledges the unique operational and regulatory nature of mobile financial services, which differ greatly from traditional telecom services.

MTN Uganda CEO Sylvia Mulinge described this as the second phase in a three-step journey toward full Fintech independence. The first step occurred in 2021 when MTN Uganda legally separated its mobile money business under the National Payment Systems Act. Now, with shareholder approval, the next phase involves engaging with regulators, merging the businesses into a new entity, and setting up an investor trust.

“This approval allows us to move forward with the next stage: engaging regulators, completing the structural separation, and officially establishing the new Fintech company and investor trust,” Ms Mulinge said.

The newly proposed Fintech company will be primarily owned by MTN Group Fintech Holdings B.V., while the remaining shares will be held in trust for Ugandan investors. The ultimate goal is to list this Fintech entity on the Uganda Securities Exchange (USE) within three to five years, giving more Ugandans an opportunity to participate in the financial services growth story.

Shareholders of MTN Uganda have voted to separate the company’s mobile money operations from its core telecommunications business.

FAMReports Opportunity Desk | July 2025In a continued commitment to youth-led change, Fitch Group has renewed its partne...
26/07/2025

FAMReports Opportunity Desk | July 2025

In a continued commitment to youth-led change, Fitch Group has renewed its partnership with Social Shifters for the third consecutive year to sponsor the Global Education Challenge 2025 — a bold initiative aimed at funding disruptive solutions to fix the world’s broken education systems.

Fitch Group has renewed its partnership with Social Shifters for the third consecutive year to sponsor the Global Education Challenge 2025

FAMReports Sports Desk | Kampala, Uganda — July 24, 2024President Yoweri Kaguta Museveni is expected to officiate the of...
26/07/2025

FAMReports Sports Desk | Kampala, Uganda — July 24, 2024

President Yoweri Kaguta Museveni is expected to officiate the official launch of the 2024 African Nations Championship (CHAN) Uganda Chapter on Friday, July 25, at the Kololo Ceremonial Grounds, as the country intensifies preparations to co-host the continental football tournament.

The confirmation was made on Tuesday by State Minister for Sports Peter Ogwang, who revealed that the President was formally invited by the Local Organising Committee (LOC) chairperson and Minister of Education and Sports, Janet Kataaha Museveni.

“This high-level continental event marks a significant milestone in our sports tourism sector and sets the stage for the prestigious Africa Cup of Nations 2027, which will be hosted on Ugandan soil for the first time ever,” Ogwang said.

The 2024 African Nations Championship (CHAN) Uganda Chapter to be launched on Friday, July 25, at the Kololo Ceremonial Grounds.

FAMReports Opportunity Desk | July 2025The Royal Academy of Engineering has officially launched the Africa Prize for Eng...
26/07/2025

FAMReports Opportunity Desk | July 2025

The Royal Academy of Engineering has officially launched the Africa Prize for Engineering Innovation 2026, the largest and most prestigious award dedicated to engineering-based innovations that address real challenges in sub-Saharan Africa. With a strong legacy of empowering transformative solutions, the Africa Prize is now accepting applications from African innovators looking to commercialise engineering solutions that create measurable local impact.

The Royal Academy of Engineering has officially launched the Africa Prize for Engineering Innovation 2026.

FAMReports Opportunity Desk | July 2025In a bold commitment to build a more resilient and safer world, the Lloyd’s of Lo...
26/07/2025

FAMReports Opportunity Desk | July 2025

In a bold commitment to build a more resilient and safer world, the Lloyd’s of London Foundation has officially opened the 2025–2026 cycle of its prestigious Grant Programme, offering up to £100,000 in funding to global researchers working on disaster risk reduction, resilience building, and climate change adaptation.

The Lloyd’s of London Foundation has officially opened the 2025–2026 cycle of its prestigious Grant Programme, offering up to £100,000 in funding to global researchers.

FAMReports News Desk | July, 2025Entebbe International Airport has reported an extraordinary surge in passenger traffic,...
26/07/2025

FAMReports News Desk | July, 2025

Entebbe International Airport has reported an extraordinary surge in passenger traffic, handling 213,217 international travelers in June 2025 alone, making it the second-highest monthly average in the airport’s operational history.

According to the Uganda Civil Aviation Authority (UCAA), this figure breaks down into 106,583 arrivals and 106,634 departures, translating to an average of 7,107 daily passengers. This daily throughput is only slightly lower than the record set in December 2024, when the airport averaged 7,171 passengers per day.

Speaking on the development, Mr Vianney Luggya, Manager of Public Affairs at UCAA, attributed the passenger growth to several contributing factors.

Entebbe International Airport has reported an extraordinary surge in passenger traffic, handling 213,217 international travelers in June 2025

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