Kampala, Uganda | THE INDEPENDENT | As the Uganda National Lottery marks its seven-month milestone, ITHUBA Uganda and the National Lotteries and Gaming Regulatory Board (NLGRB) can reflect on a period of progress, learning, and collaboration. As of last week, ITHUBA Uganda has paid out over sh3.6 billion to more than 520,000 winners across various winning …
Read More »Airtel Uganda partners with Trace Africa to celebrate African talent and promote digital empowerment
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda, a leading telecommunications network in Uganda has partnered with Trace Africa in a strategic move to celebrate African Music excellence and digital empowerment ahead of the prestigious Africa Trace Awards in Zanzibar from February 24 th -26 th , 2025. The awards …
Read More »Shutting down USAID: Is it a win for China and Russia?
ANALYSIS | AGENCIES | The Trump administration’s decision to dismantle the United States Agency for International Development (USAID) is leading to a global geopolitical fallout. As the US government halts billions of dollars in foreign assistance, concerns are mounting that global adversaries such as China and Russia could take advantage of …
Read More »Digital IDs are a mainstay in Africa’s internet economy drive
Countries across the continent are rapidly adopting national digital ID systems, a key pillar of the continent’s growing internet economy. These digital identities promise financial inclusion, secure online transactions and improved access to public services, all while strengthening fraud prevention. SPECIAL REPORT | BIRD AGENCY | African nations are rapidly …
Read More »Wendi Mobile Wallet digitizes Parish Development Model payments
PostBank’s mobile wallet revolutionizes financial inclusion in Uganda Kampala, Uganda | THE INDEPENDENT | Wendi mobile wallet developed by PostBank has revolutionized the payment process for the Parish Development Model (PDM) program through its innovative digital platform. By leveraging cutting-edge technology, Wendi has successfully digitized PDM payments, reducing processing time, …
Read More »EU, Denmark to fund Uganda’s first Climate-Resilient Market
Kampala, Uganda | THE INDEPENDENT | Uganda is set to build a first climate-resilient market at Elegu, backed by funding from the European Union and Denmark. The facility will host up to 1,500 traders and will be designed to endure extreme weather disruptions, particularly flooding, which has long plagued the …
Read More »IRA sets Annual Insurance Week for March
Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority of Uganda (IRA) has officially announced the 4th Annual Insurance Week, set to take place from March 10 to 13, 2025, under the theme “Redefining Insurance: Trust, Innovation, and Inclusivity.” The event will be held at Millennium Park (formerly KCCA Grounds) …
Read More »Collective investment scheme assets exceed Shs3.85tn
However, Kenya leads the region with a significantly higher AUM of US$ 2.44 billion Kampala, Uganda | JULIUS BUSINGE | Uganda’s Collective Investment Schemes (CIS) licensed by the Capital Markets Authority (CMA) in Uganda surpassed Shs3.85 trillion (US$ 1.05 billion) in assets under management (AUM) as at the end of Dec …
Read More »Uganda Baati fueling industrial growth at Inspire Africa’s Coffee Park in Ntungamo district
Ntungamo, Uganda | THE INDEPENDENT | Uganda’s industrial sector continues to expand, with manufacturing growing by 7.9% and agriculture’s gross value-added increasing by 4.4% in Q3 of 2023/24, according to the Uganda Bureau of Statistics. As the country prioritizes value addition, particularly in agriculture, Uganda Baati has continued to play …
Read More »UEGCL reports 60% growth in net profit to Shs54bn
UEGCL’s remarkable progress in financial growth and energy generation is a testament to Uganda’s commitment to sustainable energy development, according to Minister Nankabirwa Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) has reported a 60% increase in net profit for the 2023/24 financial year to Shs54 …
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