Business

Kampala, Uganda | THE INDEPENDENT | Uganda Microfinance Regulatory Authority is drafting new guidelines to regulate digital lending. Digital money lenders are emerging as the latest innovation to small loans extended through online platforms or digitally but there have been concerns that they are not regulated. But the emergence of …

Kampala, Uganda | THE INDEPENDENT |  Uganda Business and Technical Examination Board (UBTEB) has requested additional funding to help cater for the unit cost of assessment of Technical Vocational Education and Training (TVET) trainees and the completion of the UBTEB Assessment Centre Construction Project. Speaking at the release of April-May …

Kampala, Uganda | THE INDEPENDENT  | There is concern that the suspension by the World Bank of new loans to Uganda could influence other development finance institutions to take similar actions. If that happens, the country could be forced to take drastic measures and options to avoid the possible impact. …

Frankfurt, Germany | Xinhua | Germany’s economy, the largest in the European Union (EU), stagnated in the second quarter of 2023 with zero growth, according to Eurostat, the statistical office of the EU. The International Monetary Fund (IMF) has recently revised its forecast for the German economy in 2023 down …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Gender and the NSSF are mobilizing labor inspectors to ensure that all employers contribute workers’ savings to the fund. This is part of the efforts to ensure that all workers across the country comply with the recent amendments to the NSSF …

  Kampala, Uganda | THE INDEPENDENT |  Airtel Uganda Ltd has confirmed its intention to list on the stock market of Uganda up to 20 percent of its shares, totaling 8 billion shares. The company, wholly owned by Airtel Africa plc, is due to publish the prospectus (offer document) approved by …

Kampala, Uganda | THE INDEPENDENT | Pearl Dairy, the manufacturer of Lato milk has announced the introduction of their latest product, Lato Nadolac, it said on August 9 in a statement. Designed as a complementary feeding solution for infants, Lato Nadolac aims to support parents in the essential journey of …

Kampala, Uganda | THE INDEPENDENT | More Ugandans subscribing to mobile banking are using the platforms to withdraw money from their bank accounts, than those using them to deposit, according to the service providers. This is one of the findings and developments in the banking and financial technology (Fintech) industries …

Beyond individual success stories, the fish farming project has made substantial contributions to the national GDP Kampala, Uganda | PEARL KARUNGI | In a groundbreaking turn of events, women in Bugiri District, Eastern Uganda, have defied societal norms and broken into the traditionally male-dominated fish farming industry. Through the Women Economic …

Kampala, Uganda | THE INDEPENDENT | The cost of the new number plates that are expected to be rolled out later in the year were a result of a financial model used for their pricing.  The Minister for Security  Jim Muhwezi stated this while appearing before the Committee on Physical …