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Read More »‘Team Europe’ invests Shs 295 bn to boost African Caribbean and Pacific economies
European Commission says the private sector is key to sustainable development ANALYSIS | RONALD MUSOKE | The European Investment Bank (EIB Global), the European Union’s long-term lending institution, has signed agreements with seven EU member states, pledging over Shs 295 billion (€74 million) to a new funding envelope aimed at promoting …
Read More »Uganda’s insurance sector sees 12.6% growth in gross written premiums
Non-life insurance continues to dominate the market, holding 58% of the aggregate industry written premiums Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda reported gross written premiums of Shs 933.8 billion (approximately US$249 million) in the first half of 2024, according to a sector performance report released by the …
Read More »Cash prizes galore as Kampala roadshow marks unveiling of ‘BetKumi Efaayo’
BetKumi rewards customers in the ‘BetKumi Efaayo’ and Wangula Amajja Promotions. Kampala, Uganda | THE INDEPENDENT | BetKumi, a new online betting platform in Uganda, unveiled its ‘BetKumi Efaayo’ promo through a roadshow around Kampala, aimed at rewarding their new and esteemed customers while marking the end of Customer Service …
Read More »Comedy duo Madrat and Chiko celebrate 10 years of laughter with fireworks celebration
Kampala, Uganda | THE INDEPENDENT | Famous Ugandan comedy duo, Madrat and Chiko, celebrated their 10th anniversary with an electrifying Uganda Waragi-sponsored show at the Sheraton Kampala Hotel on the eve of Uganda’s Independence Day. The show marked with a stunning fireworks entrance, left revelers thrilled and eager for more …
Read More »Why mobile payment is booming in Africa
NAIROBI, KENYA | Xinhua | On the bustling streets of Nairobi, the green glow of the M-Pesa (a mobile money platform) logo is inescapable, from high-end hotels to street vendors. In some tourist hotspots, signs declaring “No Cash” highlight a striking shift: over 90 percent of adults in the East …
Read More »Watu Uganda celebrates client protection certification
Kampala, Uganda | THE INDEPENDENT | Watu Uganda, an asset financier, has become the latest financial institution in Africa to receive an esteemed Client Protection Certification from Microfinanza Rating (MFR). This significant achievement underscores Watu Uganda’s commitment to advancing financial inclusion and responsible lending practices, announced during their Customer Service …
Read More »‘Equity Goes To UAE’ as bank offers specialized services to Ugandans abroad
In 2023 Ugandans in the UAE remitted about 21% of total remittances from abroad (USD 300 million out of approximately USD 1.43 billion) Dubai, UAE | THE INDEPENDENT | Equity Bank Uganda will this week visit, meet and interact with Ugandans living and working in the UAE to offer specialized …
Read More »Haiti becomes 12th CARICOM member state to accede to the Afreximbank Partnership Agreement
With Haiti’s signature, 12 of the 15 CARICOM member states have now acceded to the Partnership Agreement, with nine of them concluding its ratification New York, USA | THE INDEPENDENT | Haiti has become the 12th Caribbean Community (CARICOM) member state to accede the partnership agreement between and among CARICOM countries …
Read More »Ugandan, CAR leaders discuss transport infrastructure developmen
KAMPALA, Uganda | Xinhua | Ugandan President Yoweri Museveni and his visiting Central African Republic (CAR) counterpart Faustin-Archange Touadera have held talks aimed at developing transport infrastructure linking the two countries. Museveni on Wednesday told a public rally at celebrations to mark Uganda’s 62nd independence anniversary that the CAR could …
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