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The Independent

PostBank Uganda and MTN MoMo launch XtraCash

This innovative solution aims to address the growing demand for accessible credit, particularly for underserved and unbanked communities Kampala, Uganda | THE INDEPENDENT | PostBank Uganda and MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro-lending solution to extend short-term facilities to MTN mobile money subscribers. This …

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EADB provides Shs68bn to 1,500 small enterprises

The program, supported by KFW, spans the entire agricultural value chain, from input providers to farmers and traders Kampala, Uganda | THE INDEPENDENT | East Africa’s regional development finance institution, East African Development Bank, has unveiled a Shs 68 billion (USD 15.8 million) fund to support Small and Medium Enterprises (SMEs) …

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Why Africa is set to become the world’s growth engine

The continent has natural resource wealth and great strength in its young, talented, growing population COMMENT | TOSIN ENIOLORUNDA | Tech innovations empower individuals, drive financial inclusion and foster economic resilience across the continent. Africa’s economic revival is real. Economic progress in Africa has seen various false dawns. Whether halted by tragic natural …

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Africa’s climate-security agenda

Across Africa, effects of climate change are deepening gaps in access to food, water, and energy COMMENT | HAKAINDE HICHILEMA | With vast arable lands, rich reserves of critical minerals, and almost endless solar and wind power potential, Africa could practically be the world’s engine room. Many of its economies continue …

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Uganda grapples with unhealthy diets

Substandard food packaging, labelling, and inadequate consumer information have contributed to the crisis. Kampala, Uganda | PATRICIA AKANKWATSA | Unhealthy diets are a major contributor to global morbidity and mortality, responsible for an estimated 8 million premature deaths each year. Childhood obesity is also a rising concern worldwide. According to the …

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