Bank’s customers will be provided with convenient access to fast, affordable, and quality air and ground evacuation services in the event of medical emergencies Kampala, Uganda | RONALD MUSOKE | The Kenyan subsidiary of the pan-African financial institution, Ecobank, has entered into a partnership with the African Medical and Research Foundation …
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But loans and advances to customers reduced by 16% Kampala, Uganda | THE INDEPENDENT | dfcu Bank has reported a 56% improvement in net profit to Shs29.3bn in the first six months to June.30 driven by a reduction in loan impairment. The lender’s financial results released on Aug.24 show continuous growth …
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Net operating cash flow increased by 18% to Shs221 billion supported by cash collections, operating profits, optimised working capital, and financing costs during the period Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme has reported a 20% increase in revenue to Shs1tn for the six months of the year ending …
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Kampala, Uganda | THE INDEPENDENT | Prudential Uganda announced a $30,000 donation to Mulago National Referral Hospital of essential medical supplies such as safety boxes for syringes, heavy-duty aprons, and sterile and examination gloves. The donation, which is part of the Prudential Post COVID Recovery Funds initiative, is a significant step …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Tourism, Wildlife, and Antiquities has announced a significant rise in the number of Ugandans engaging in local tourism over the past two years. Martin Mugarra, the State Minister for Tourism, revealed that the count of Ugandan nationals visiting various domestic tourist …
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The Fund targets to increase contributors from the current 10% to 50% of the country’s workforce during the same period Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund hopes to increase its assets from the current Shs 18.4 trillion to Shs 50 trillion by 2035, according to the Fund’s …
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The target for revenue collection in the fiscal year 2023/24 has been set at Shs29trillion Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has reported Shs57bn as surplus revenue collected for the FY2022/2023, registering a big achievement given the recent years’ mixed performance that was dented by COVID-19 lockdowns and …
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Mbale, Uganda | THE INDEPENDENT | On Aug.24, President Yoweri Museveni commissioned 16 factories and made a groundbreaking for another nine at Sino Uganda-Mbale Industrial Park in Mbale City. “You remember this site here was a bush some years ago but now we have a labour force of 2,000 with 36 …
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African consumers are ditching old-style electric light bulbs for LEDs, with the continent’s smart lighting market now forecast to reach US$5.49 billion by 2028. SPECIAL REPORT | BIRD AGENCY | Africa’s demand for LED lighting is set to surge in the next five years, as governments promote the use of …
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COMMENT | CLEVER NICHOLAS | In the pursuit of financial freedom, debt repayment can be a significant hurdle for individuals and families. However, by adopting effective budgeting techniques, one can take control of their finances and expedite the journey towards debt freedom. In this article, we explore some of the best …
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