MTN Mobile Money (U) Limited has appointed Phrase Lubega as the new Managing Director, as announced by the Board of Directors. His appointment is pending regulatory approval from the Bank of Uganda. Lubega, a Ugandan national, has significant experience in the industry, marking a return to a leadership role within the company.

On July 2, the Dar es Salaam Stock Exchange (DSE) held the second day of the 13th Building African Financial Markets (BAFM) Forum, focusing on topics such as state-owned enterprise listings, Environmental, Social, and Governance (ESG) criteria, digital transformation, sustainable finance, Exchange-Traded Funds (ETFs), and cross-border market development in Africa. The Tanzanian government announced plans for 4 to 5 new companies to be listed at the DSE.

MTN Group has appointed Jerry Soko as the Chief Executive Officer of MTN Eswatini, effective July 1. This move is part of the company's strategy to strengthen its leadership as it aims for long-term growth. Soko previously served as acting CEO for seven months, during which he contributed to the company's operations.

On July 2, 2026, the Islamic Chamber of Commerce and Industry Uganda (ICCIU) held its inaugural Business Dialogue focused on the potential of the global halal economy for Ugandan businesses. The event took place at the Uganda Investment Authority Auditorium in Kampala and was conducted in a hybrid format, allowing both online and in-person participation.

Digital technology and the presence of global sports stars are significantly contributing to the growth of Uganda's sports betting industry. Millions of Ugandans are increasingly using their phones to engage in sports betting, moving away from traditional brick-and-mortar bookmakers. This shift reflects a broader trend in how sports betting is evolving in the country.

Gen. Muhoozi Kainerugaba, the Chief of Defence Forces and Senior Presidential Advisor for Special Operations, held discussions with the owner of Nation Media Group following the military's closure of Daily Monitor and NTV Uganda. The meeting appears to address concerns regarding media operations in the country.