Business

The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital Abidjan, Ivory Coast | THE INDEPENDENT |  The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The …

NEWS ANALYSIS | THE INDEPENDETN | The Kenya Shilling has steadily been declining against most currencies, including global leaders like the US Dollar and regional currencies, mainly the Uganda and Tanzania Shilling. For so long, the Uganda Shilling traded at an average of 30 to the Kenya Shilling and one …

Kampala, Uganda | PATRICIA AKANKWATSA | Uganda Freight Forwarders Association (UFFA) in partnership with the International Federation of Freight Forwarders Associations (FIATA), will host the RAME2023 an international conference that brings together freight logistics stakeholders from the Region Africa and Middle East (RAME) at the Commonwealth Resort, Munyonyo, next month RAME represents …

London, UK | THE INDEPENDENT  | The UK Court of Appeal has today ruled that the Crane Bank-DFCU dispute over assets can be tried in the UK. The UK High Court had previously dismissed the Crane Bank Limited (CBL) claim on grounds that it was based on actions exercised by Bank …

Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has reported a notable improvement in the movement of goods among the member states. According to John-Bosco Kariisa, the Executive Director of EABC, the movement of goods among member states has increased from 20 percent, recorded in September …

Kampala, Uganda | THE INDEPENDENT | At least 10 percent of registered companies in Uganda have been struck off the national register for violating operational requirements. The Uganda Registration Services Bureau, URSB, says the 875 companies had not submitted their annual performance returns for the last five years as per the law, …

  Kampala, Uganda | THE INDEPENDENT | Letshego Uganda has partnered with Africa’s insurtech Turaco Insurance Brokers Ltd to provide affordable health insurance coverage to Letshego customers. The partnership aims to help mitigate health-related financial risks in line with Letshego’s mission of empowering the underbanked and driving financial inclusion in …

  Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has announced its official platinum membership with the Financial Technology Service Providers Association (FITSPA), further cementing its dedication to providing inclusive financial services, it said on July 25. FITSPA, an independent and non-profit membership-based organisation is devoted to supporting Uganda’s …

Entebbe, Uganda | THE INDEPENDENT  | The business community is teaming up with the governments and the East African Community to promote Contract Farming as a way of boosting the food sector and farmers’ incomes in the region. Whether the idea will be successful and how long it will take, is …

The regional firm’s core product range includes various sizes and types of water storage and supply products including water tanks, underground tanks, drums and pipes Kampala, Uganda | THE INDEPENDENT | Africa’s largest mezzanine debt fund manager, Vantage Capital, has made a substantial investment into Aquasantec International, a manufacturer and distributor …