Business

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda Ltd shares commenced trading on the Uganda Securities Exchange this week amidst concern over the apparent lack of interest by Ugandans in investing in equities. The company’s Initial Public Offer attracted a 54.45 percent subscription, a sharp contrast with the IPOs of …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has disclosed that 15,664 employers are not in compliance with their obligation to contribute funds for their employees, as mandated by the law. The revelation was made by Patrick Ayota, the NSSF Managing Director during a press conference …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has okayed the construction of an airport in Kidepo Valley National Park in the Karamoja sub-region. According to a statement from the Presidential Press Unit, Museveni okayed the move while meeting a delegation from the Sharjah Chamber of Commerce and …

Kampala, Uganda | THE INDEPENDENT | Non-Executive Directors (NEDs) in the region will be celebrated at an awards ceremony set for Sheraton Hotel Kampala on the 23rd of November 2023. This is the third edition of an event aimed primarily to honor the accomplishments of Non-Executive Directors who play a pivotal role …

Kampala, Uganda | THE INDEPENDENT | Africa’s multilateral lender, African Development Bank is partnering with the East African Community (EAC) Secretariat and the United Nations Conference on Trade and Development to launch a capacity development project to enhance trade in East Africa. The $1.56M EAC Trade Portal Enhancement Project will support …

Gulu, Uganda | THE INDEPENDENT |  The National Forestry Authority (NFA) in the Aswa range has initiated the auctioning of more than 5,326 bags of charcoal that were seized from illegal dealers in the Acholi sub-region. The Gulu Chief Magistrates Court ordered their disposal through a public auction. However, since …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economic indicators spell better conditions for the private sector and business compared to other countries in the region, according to an expert study, the Africa Trade Barometer (ATB). Uganda’s overall macroeconomic conditions are “average with a slight positive outlook relative to the other countries …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has unveiled a new campaign, dubbed the “Unstoppable Network” following its consistent recognition as the Best Mobile Network, with the fastest network and widest coverage in Uganda. This campaign also casts a light on the strong network of its ever-growing base of …

Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual Insurance Uganda Limited has committed to respecting environmental social and governance values as cornerstones for its business growth and sustainability. This comes a week after the insurer bagged two accolades at the 13 Financial Reporting Awards (FiRe awards). The two awards are; …

The partnership gives Kenya’s second-largest insurer access to a larger market and expanded opportunities for growth Kampala, Uganda | THE INDEPENDENT | South Africa’s largest privately-owned insurance group, Hollard plans to extend its footprint in East Africa through the acquisition of a significant interest in Apollo Investments Limited, the holding company …