Business

Kampala, Uganda | THE INDEPENDENT |  Uganda Registration Services Bureau, the national business registry, has this morning launched its mass business registration campaign aimed at promoting formalization among entrepreneurs and small business owners. In a news release dated Sept.26, the bureau said this initiative seeks to simplify the registration process, …

While lending levels may remain low, China is likely to sustain engagement with Africa via commerce and diplomacy Kampala, Uganda | RONALD MUSOKE | Chinese lending to African nations has remained below $2 billion for the second year in a row, according to data from Boston University’s Global Development Policy Centre’s …

The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …

Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda has unveiled The KCBU Agent App, its banking application that promises improved, faster, easily accessible and timely service delivery to customers looking for convenient financial services. The App will widen KCB’s footprint in Uganda in over 150 agent locations countrywide. The platform …

Kampala, Uganda | THE INDEPENDENT | Standard Chartered recently announced the rollout of enhanced global parental leave benefits that will also benefit its employees in Uganda effective September 1, 2023. The Bank will standardise the amount of parental leave it offers, providing parents the option of undertaking more equitable caregiving responsibilities …

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has recorded an 8% growth in assets to $30.1 billion for the six months ending June 30, 2023, driven by an increase in loans. The lender recorded a substantial growth in total interest income, which soared by an impressive …

Kampala, Uganda | THE INDEPENDENT | On Sept.21 Old Mutual Investment Group launched the first-ever dollar unit fund in Uganda, a move aimed to diversify and add to the quality of the investment opportunities on the market. The account was launched with an effective 5% annual interest rate, compared to the …

Kampala, Uganda | THE INDEPENDENT | Uganda Airlines is set to start direct flights to Mumbai, India on 7th October 2023. Mumbai will bring the number of international flights by the national carrier to two after Dubai, with Guangzhou, China also planned in November, according to the management. The airline, code …

Studies have highlighted the prevalence of workplace violence in Uganda, with  a 2021 survey showing 86% of working women experience violence at work Kampala, Uganda | RONALD MUSOKE | President Yoweri Museveni should sign into law the recently amended employment bill that was passed in May this year to protect employees particularly …

Kampala, Uganda | THE INDEPENDENT | Uganda Baati, announced its sponsorship of the highly anticipated 29th Uganda International Trade Fair under the theme “Driving Manufacturing and Trade Efficiency through Digital Transformation and Innovation”. The event is scheduled to take place from the 3rd to the 10th of October at the UMA …