The country’s public debt now stands at Shs 93.6 trillion as of June 2024, with 27.4% of domestic revenue earmarked for interest payments Kampala, Uganda | JULIUS BUSINGE | Uganda’s rising debt burden has come under renewed scrutiny as the government prepares the FY2025/26 national budget, projected at Shs 57.4 trillion—significantly …
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But stakeholders urge the lender to accelerate private sector growth through affordable interest rates currently capped at 15% per year Kampala, Uganda | JULIUS BUSINGE | Uganda’s Finance Minister, Matia Kasaija, has urged the East African Development Bank (EADB) to implement strategies that ensure affordable interest rates for borrowing, enabling …
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Kampala, Uganda | THE INDEPENDENT | A groundbreaking partnership between Opportunity Bank and Furaha Finserve is set to transform the way Ugandans pay for education, amid concerns over accessibility and affordability. The collaboration, announced on Wednesday, will enable customers to access loans from Opportunity Bank via Furaha Finserve’s technology platform, …
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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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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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) …
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The Independent Uganda: You get the Truth we Pay the Price
