Business

The Bank of Uganda data shows that the value of the country’s exports to South Africa continues to grow albeit at a slow pace Kampala, Uganda | JULIUS BUSINGE | South African businesses in Uganda and key local institutions including MTN Uganda, Absa Bank Uganda, Sanlam, Nile Breweries Limited, Stanbic Uganda …

Bushenyi, Uganda | THE INDEPENDENT | Officials from Bushenyi the district-based Banana Industrial Research and Development Center-BIRDC on Friday flagged off the sale of their finished products in the open market. During their commercialization launch at their model farm and distribution store in Jinja city’s agricultural show grounds, the officials said …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank joined PostBank and Pride Microfinance Limited to unveil a partnership with Airtel Money Uganda that will facilitate seamless disbursement of Parish Development Model funds by the Government of Uganda through the Wendi mobile wallet platform. Wendi, powered by PostBank, is an electronic …

Kampala, Uganda | THE INDEPENDENT | Amazon staff in the US received a warning email from the firm for not spending enough time in the office after their attendance was tracked, BBC reported on Aug.11. Some employees were told they were “not currently meeting our expectation of joining your colleagues in …

Kampala, Uganda | THE INDEPENDENT | The Uganda Advertising Association, Uganda Marketers Society, and The Loeries Awards Company, a non-profit company administering awards for the brand communications industry, in Africa and the Middle East have announced their collaborative partnership for the upcoming 2nd Annual SilverBack Awards, set to take place on …

Kampala, Uganda | THE INDEPENDENT | Multi-billionaire Elon Musk is putting Twitter building signs and other items from the company up for auction just weeks after the firm’s rebranding as X, BBC reported on Aug.10. Among the 584 lots on offer are coffee tables, outsized bird cages, and oil paintings of …

Kampala, Uganda | THE INDEPENDENT | Uganda Microfinance Regulatory Authority is drafting new guidelines to regulate digital lending. Digital money lenders are emerging as the latest innovation to small loans extended through online platforms or digitally but there have been concerns that they are not regulated. But the emergence of …

Kampala, Uganda | THE INDEPENDENT |  Uganda Business and Technical Examination Board (UBTEB) has requested additional funding to help cater for the unit cost of assessment of Technical Vocational Education and Training (TVET) trainees and the completion of the UBTEB Assessment Centre Construction Project. Speaking at the release of April-May …

Kampala, Uganda | THE INDEPENDENT  | There is concern that the suspension by the World Bank of new loans to Uganda could influence other development finance institutions to take similar actions. If that happens, the country could be forced to take drastic measures and options to avoid the possible impact. …

Frankfurt, Germany | Xinhua | Germany’s economy, the largest in the European Union (EU), stagnated in the second quarter of 2023 with zero growth, according to Eurostat, the statistical office of the EU. The International Monetary Fund (IMF) has recently revised its forecast for the German economy in 2023 down …