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The Independent

Stanbic Uganda: High interest rates limiting borrowing numbers

Kampala, Uganda | THE INDEPENDENT | The Banking industry reports that the not-so-friendly business environment has contributed to it’s failure to fully return to the post COVID-19 performance levels yet, despite improving results. Stanbic Holdings Uganda Ltd (SUHL), which has announced a profit after tax of 235.5 billion shillings for the …

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Irrigation to revolutionise food security and climate resilience in Teso

Katakwi, Uganda | Patricia Akankwatsa | A groundbreaking irrigation project, spearheaded by the Food and Agriculture Organization of the United Nations (FAO), in partnership with the Norwegian government and the Global Environment Facility (GEF), is poised to reshape agricultural landscapes and boost food security in Teso sub-region. By introducing state-of-the-art irrigation …

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8 women-owned businesses secure shs1.6 billion from AWE initiative

Kampala, Uganda | THE INDEPENDENT | Eight women-owned businesses have emerged as the inaugural recipients of the Advancing Women Entrepreneurs (AWE) contract worth UGX 1.6 billion an initiative, by MTN Uganda in collaboration with partners such as American Tower Corporation (ATC) Uganda. This initiative aims at empowering women entrepreneurs by integrating …

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Bududa landslide victims say no to govt’s cash payments

Bududa, Uganda | THE INDEPENDENT | Bududa landslide victims are urging the government to prioritize the construction of physical housing structures in its resettlement plan rather than providing cash payments. In a petition to the Minister of State for Disaster Preparedness, Relief, and Refugees, Ms. Lilian Aber, local leaders expressed concerns …

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Private sector records improved activity

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector reported a continued growth of new orders running into the fourth month at the end of July marking the start of the third quarter. The upturn was widespread across all five monitored sectors, with firms linking the expansion to new client wins. …

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Hundreds displaced by Karuma dam project demand fair compensation

Kampala, Uganda | THE INDEPENDENT | A group of 119 people displaced by the Karuma Hydro Dam project have petitioned President Yoweri Museveni, seeking his intervention over unfair compensation and delayed resettlement. An additional 60 individuals claimed their land and property were undervalued when the project began in 2013. The petitioners …

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