Kampala, Uganda | THE INDEPENDENT | Letshego Uganda has partnered with Africa’s insurtech Turaco Insurance Brokers Ltd to provide affordable health insurance coverage to Letshego customers. The partnership aims to help mitigate health-related financial risks in line with Letshego’s mission of empowering the underbanked and driving financial inclusion in …
Read More »Equity Bank enhances financial services provision by joining FITSPA
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has announced its official platinum membership with the Financial Technology Service Providers Association (FITSPA), further cementing its dedication to providing inclusive financial services, it said on July 25. FITSPA, an independent and non-profit membership-based organisation is devoted to supporting Uganda’s …
Read More »EABC targets contract farming to foost food production in East Africa
Entebbe, Uganda | THE INDEPENDENT | The business community is teaming up with the governments and the East African Community to promote Contract Farming as a way of boosting the food sector and farmers’ incomes in the region. Whether the idea will be successful and how long it will take, is …
Read More »Vantage Capital ventures invests US$25million in Aquasantec International
The regional firm’s core product range includes various sizes and types of water storage and supply products including water tanks, underground tanks, drums and pipes Kampala, Uganda | THE INDEPENDENT | Africa’s largest mezzanine debt fund manager, Vantage Capital, has made a substantial investment into Aquasantec International, a manufacturer and distributor …
Read More »EU’s carbon border tax: a new report shows Africa stands to lose US$25 billion every year
Kampala, Uganda | AGENCIES | A new European law that imposes the first ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next three years before it is fully implemented. A carbon tax is a type of levy imposed on …
Read More »EY: Less than 50% of Ugandan entities have data protection policies
Kampala, Uganda | JULIUS BUSINGE | Less than half of local entities have data protection policies, strategies, and frameworks, a new report shows, signaling possible chances of data privacy breaches. The Ernst & Young (EY) report released in Kampala on July 18 following a survey of various entities including financial institutions, …
Read More »dfcu’s new insurance campaign
Kampala, Uganda | THE INDEPENDENT | dfcu Bank has launched a new campaign targeting individuals in the insurance sector. Robert Muhiire who is dfcu Bank’s Principal Officer Bancassurance said the campaign is dubbed ‘Cover with Us’ and will provide a variety of insurance solutions to the Bank’s customers, which can be …
Read More »Absa unveils mobile payement solution for SMEs
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their smartphones as Point-of-Sale machines. The functionality was unveiled during a launch event held at the National Theatre and will enable small businesses to accept card-based …
Read More »Government pumps Shs4.8tn into the economy
PSST Ramathan Ggoobi wants timely execution of government programmes Kampala, Uganda | JULIUS BUSINGE | Uganda’s Ministry of Finance Planning and Economic Development on July.18 released funds for the first quarter of FY2023/24 totalling Shs 4.8 trillion to meet the government expenditures. This represents 9% of the Shs 52.7 trillion …
Read More »MTN Uganda pins Mobile Money growth on the supply chain platform
More than 600,000 customers are now using MTN MoMo as a mode of payment Kampala, Uganda | THE INDEPENDENT | MTN Uganda hopes to grow its MTN Mobile Money business on a newly launched mobile-based supply chain platform that allows businesses in the Fast-Moving Consumer Goods (FMCG) to place orders, generate …
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