Business

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank Uganda today (Nov.12) announced a partnership with Xpress Money, an international money transfer service, to simplify and expand remittance access for Uganda’s diaspora community. “We are thrilled to join hands with Xpress Money to boost our remittance offerings,” said DTB Uganda’s Chief …

Earnings per share grew by 13% to Kshs. 10.4 Quarter three profit after tax up by 13% to Kshs.40.9 billion Deposits grew by 9% to Kshs.1.3 trillion Regional businesses contributed 48% of total assets and 51% of profit before tax for the period Total Assets grew to reach Kshs.1.7 trillion …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) emerged as the Gold Award winner at the 2024 Financial Reporting (FiRe) Awards, scooping four prestigious accolades, including the overall Gold Award for Excellence in Integrated Reporting. The other accolades received included the recognition for the Best Sustainability Reporting …

Uganda’s demographic outlook is promising, with women making up 51% of the population and including 18.2 million women under 35 Kampala, Uganda | THE INDEPENDENT | The Second Annual Women’s Economic Empowerment Forum (WEEF), held on November 6, 2024, at Mestil Hotel in Kampala, underscored a growing commitment to advancing gender …

Kampala, Uganda | THE INDEPENDENT | The latest Stanbic Purchasing Managers’ Index (PMI) data reveals a sustained expansion in Uganda’s private sector for the seventh consecutive month, as business activity and new orders continue to rise. The headline PMI for October recorded a value of 52.9, slightly down from September’s, yet …

Hotel bookings in Jinja on the rise, guests to receive complimentary Uganda Waragi Lemon & Ginger during Nyege Nyege weekend Jinja, Uganda | THE INDEPENDENT | Hotel bookings are on the rise with many of Jinja’s accommodation hotspots declaring they are fully booked between November 14 to 17, the dates …

Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual Insurance has once again been recognized for its commitment to excellence in corporate reporting. The company secured top honours at the 2024 Financial Reporting Awards (FiRe Awards), solidifying its position as a leader in transparent and accountable business practices within Uganda’s insurance …

Gulu, Uganda | THE INDEPENDENT | Meat consumers in Gulu City are at high risk of contracting zoonotic diseases as veterinary officers do not inspect meat from the main abattoir in Bardege-Layibi Division any longer, according to sources. Uganda Radio Network understands that for several months now, residents within the …

The seventh China International Import Expo (CIIE) attracted some 3,500 global exhibitors from 129 countries and regions. It saw a total of 80.01 billion U.S. dollars’ worth of tentative deals reached for one-year purchases of goods and services. SHANGHAI | Xinhua |  Thousands of companies from across the world have …

KAMPALA, UGANDA | THE INDEPENDENT | The Private Sector Foundation Uganda has unveiled a Flagship Mentorship program dubbed “PSFU NextGen” and the annual Private Sector Gala, which will be held from December 5 – 6 in Kampala. Uganda’s youth population, while a demographic advantage, faces significant challenges in finding employment, and starting …