Business

BoU data shows members’ deposits stood at Shs.884.96 billion, while shares and other equity amounted to Shs.865.61 billion and Shs.1.471 trillion Kampala, Uganda | ISAAC KHISA | Local insurers in Uganda, just like their counterparts across Africa, are leveraging on bancassurance, agents and their physical outlets to increase insurance sales and …

Kampala, Uganda | THE INDEPENDENT | The Toyota Starlet has once again made a sensational return to the Ugandan market by unveiling the 2023 model for private car drivers. The new model is making a remarkable comeback in 2023, redefining the ultimate driving experience for one seeking a reliable, fuel-efficient, and …

Kampala, Uganda | THE INDEPENDENT | The Centenary Bank Group has started celebrations commemorating its remarkable journey of 40 years in operations. Centenary Group, that started in 1983, has grown to become the largest bank in the region, expanding its influence through subsidiary companies including a technology firm known as Centenary …

PAU statistics show that more than 11,054 Ugandans are currently employed in the oil and gas sector Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has employed more than 11,670 people with local citizens taking more than 93% of the jobs at the end of May this year, …

Kampala, Uganda | THE INDEPENDENT | Businessman Hamis Kiggundu has petitioned the Supreme Court in Kampala asking them not to deliver their judgement as planned, in the case in which he wants to recover 120 billion shillings from Diamond Trust Bank Uganda and Diamond Trust Bank Kenya. The application by Kiggundu …

Kampala, Uganda | THE INDEPENDENT | Britam Holdings has signed a partnership agreement with the Commercial Bank of Kenya (KCB) and the National Bank of Kenya (NBK). Through this agreement, KCB Bancassurance Intermediary and National Bank of Kenya Bancassurance Intermediary will distribute two new health insurance products provided by Britam to …

Kampala, Uganda | THE INDEPENDENT | Kalita Bus Company abruptly abandoned its commuter passenger operations along the Northern bypass hardly a year after. The company, which was using electric buses built by Kiira Motors Corporation started operations along the route around late August and early September last year. There was excitement …

Hoima, Uganda | THE INDEPENDENT | Earnest Rubondo, the Executive Director of the Petroleum Authority, is currently undertaking a three-day visit to the Tilenga project in the Albertine region, operated by TotalEnergies. According to sources within the Authority, the purpose of Rubondo’s visit to the Tilenga Oil Infrastructure is to assess their readiness …

Kampala, Uganda | THE INDEPENDENT | Veteran marketeer and corporate manager, Baker Magunda is the new Chairperson of the Board of Directors at Stanbic Uganda Holdings Ltd, the parent company of Stanbic Bank. Magunda, whose tenure began on June 2, 2023, replaced Japheth Katto who chaired the board since 2018. “In …

Kampala, Uganda | THE INDEPENDENT | Chaos unfolded at the Supreme Court in Kampala Thursday morning as businessman Hamis Kiggundu demanded to be heard in his pending application in a case in which, he seeks to recover Shillings 120 billion from Diamond Trust Bank (DTB) Uganda and Kenya. Kiggundu’s lawyers, …