Business

Summary Growth in revenue by UGX46bn. UGX141 billion in profit after tax, maintaining triple digit profit for the second year running. 8% growth in net customer loans standing at UGX1.567 trillion. 94% drop in impairment, indicating an improvement in the construct of the loan book. 4% growth in customer deposits …

  Kampala, Uganda  | THE INDEPENDENT l On April 13, Centenary Bank, joined hands with Rotary Club towards the continued support of the humanitarian initiatives. This was during a press launch held in Kampala where Rotary unveiled the official partners of the 98th Rotary District Conference. Beatrice Lugalambi the General Manager …

Kampala, Uganda  | THE INDEPENDENT l The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the inaugural Public Finance Management (PFM) Conference from 18 – 20 April 2023 at the Imperial Resort Beach Hotel, Entebbe. The conference will be both physical and online. It targets accounting officers, policymakers, planners, …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance (General Duties) Henry Musasizi, has defended the proposal to impose a 5% tax on the gross income earned by international digital companies in Uganda. Musasizi alongside other officials from the Ministry of Finance appeared before Parliament’s Finance Committee …

Kampala, Uganda |  Xinhua & URN | At least one person was killed and four others were injured after a building collapsed Sunday evening here in Uganda’s capital, police said. The building is a commercial structure that houses a restaurant near Kampala International University, Luke Owoyesigyire, deputy police spokesperson for …

Players warn that the move could discourage the growing savings culture Kampala, Uganda | JULIUS BUSINGE | Over the past few years, Uganda started experiencing a surge in the local population, especially youth interested in saving, growing their capital for future investments through the Unit Trust Funds. This is because Unit …

Kampala, Uganda | THE INDEPENDENT | Telecom firm, MTN Uganda, has unveiled a new MTN ‘API as a Service’ solution to enable third parties access its proprietary software platform and create value added services to accelerate digital transformation and innovation API an acronym for application programming interface is a software intermediary …

Kalangala, Uganda | THE INDEPENDENT | Women and children in Kalangala district are making fortunes in adding value to some of the neglected residues of the palm oil trees grown in the area. In 2000, the government with support from the International Fund for Agriculture Development-IFAD started mobilizing for the cultivation …

Kampala, Uganda | THE INDEPENDENT | When Emmanuel Tumusiime Mutebile died early last year, Keith Muhakanizi was one of those widely suggested among those likely to become new Governor Bank of Uganda. To those with that view, it would be good to see the accomplished economic strategist replace his former Ministry …

Tororo, Uganda | THE INDEPENDENT | The China Road and Bridge Corporation, CRBC, has signed a contract with the government to rehabilitate the Tororo to Gulu section of the meter gauge railway line. This comes days after the company completed the rehabilitation of the Malaba-Tororo stretch which is now operational. …