Business

Kampala, Uganda | THE INDEPENDENT | Uganda is losing billions of shillings in betting due to untested, uninspected, and unverified machines being used by betting companies, the National Lotteries and Gaming Regulatory Board has conceded. While Section 4 of the Lotteries and Gaming Act of 2016, mandates the  National Lotteries and Gaming Regulatory …

Kampala, Uganda | THE INDEPENDENT | MPs are concerned that government has identified a company to manage the lucrative national lottery without regulations in place. This follows the revelation by the Ag. Chief Executive Officer (CEO) of the Lotteries and Gaming Regulatory Board, Denis Ngabirano, of the successful firm (not …

Gulu, Uganda | THE INDEPENDENT | Gulu City Council authorities have turned selected streets within the busy city centre to become one-way traffic routes for motorists. The move which had been approved by the city council in the 2022/23 Financial year seeks to ease and regulate the flow of traffic …

Kampala, Uganda | THE INDEPENDENT & URN  |  Minister for ICT and National Guidance Chris Baryomunsi has announced a 50% reduction in the price of the internet. “I’m delighted to announce that effective today 1st of August 2023 the Price of the Internet has reduced from $70 to $35 per Mbps …

Kampala, Uganda | THE INDEPENDENT | The total value of the companies listed on the Uganda Securities Exchange (USE) dropped by 10.5 percent in the last quarter of this year (April-June) mainly due to the turmoil in Kenya, according to the Capital Markets Authority (CMA). The total market capitalization decreased …

UNWTO data shows international arrivals across Africa are back to 88% of pre-pandemic levels Kampala, Uganda | RONALD MUSOKE |Following the COVID-19 pandemic crisis that left the tourism industry across the continent on the brink of collapse, the sector is said to be on the rebound, according to the United …

  Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has activated the first 5G site at Bulange in Mengo to boost connectivity and digital inclusion in Uganda. In February this year, Airtel Uganda conducted tests on 11 4G sites in Kampala after applying for a spectrum to Uganda Communications Commission to …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) members made an exploratory visit to Raxio’ state-of-the-art data centre in Namanve Business Industrial Park on July 26 The visit aimed to delve into the advanced technology and infrastructure underpinning the seamless and secure banking services offered to customers nationwide. …

Kampala, Uganda | THE INDEPENDENT | Absa Bank in partnership with UAP Old Mutual unveiled Absa Medical Insurance policy targeting self-employed and non-salaried individuals in the drive to increase access to health insurance. The policy that covers treatment for critical illness, inpatient, optical, dental, maternity, disability cover, funeral expenses, a wellness …

The new technology will open doors to more investment, foster innovation and position Uganda as a digital country in the region Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has become the first telecom in the country to roll out 5G with the new network now available in the Lugogo and …