Business

  Kampala, Uganda | THE INDEPENDENT |  Glovo, one of the world’s leading multi-category platforms has announced “The Couriers Pledge” launch in Uganda, a commitment by the company to increase the social rights and benefits available to all registered couriers. Since the initiation of the program in 2021, The Couriers …

Kigali , Rwanda | THE INDEPENDENT | The East African Community-EAC is now pushing for traditional wear and garments made from local materials in a bit to revive the region’s textile industry. A policy organ says if the lesu and kanga are encouraged as wear or inputs for clothes, it …

Kampala, Uganda | THE INDEPENDENT |  A number of taxi operators in Kampala are in a state of confusion, on where to dump the trash they would have collected from passengers in their vehicles, under the new anti-littering penalty announced by NEMA. Under the National Environment Act 2019, NEMA is …

Kampala, Uganda | JULIUS BUSINGE | The 5th cohort of the African Women’s Entrepreneurship (AWE) Program has successfully graduated 85 women entrepreneurs from Kampala, Lira, and Arua covering sectors of building, agriculture, education, health, and technology businesses and tourism courtesy of the US Embassy and SHONA. The U.S. Embassy Department of …

Kigali , Rwanda | THE INDEPENDENT |  Kenya and Rwanda Tuesday signed an agreement in 10 areas of cooperation to enhance relations. The Memorandum of Understanding will establish mechanisms for effective cooperation in Education, ICT, Gender and Child Development, Youth and Capacity Development for the Public Service. Other areas of …

However, SBG Securities Ltd.’s revenues were impacted largely by a drop in capital markets activities Kampala, Uganda | THE INDEPENDENT | Stanbic shareholders will get Shs 6.98 per share totalling Shs 235bn following a 33% growth in profits for the year ended December 31, 2022. This is 1.7% higher than the …

Regulators on the continent are developing frameworks that allow customers of traditional banks to engage with third-party service providers via their banking apps – blowing open a multi-billion dollar market. Abuja, Nigeria  | BIRD AGENCY  |  Nigeria in March became the first African country to launch open banking on the …

SPECIAL FEATURE | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …

Ethiopian Airlines, Ethiopia’s national flag carrier, is celebrating the 50th year of the commencement of its service to China. Addis Ababa, Ethiopia | Xinhua | Ethiopia’s national flag carrier, Ethiopian Airlines, on Friday said it is celebrating the 50th year of the commencement of its service to China. The airline said …

International visitor arrivals increase by 59% during the year Kampala, Uganda | JULIUS BUSINGE | Uganda recorded a 59% increase in international visitor arrivals to 814,508 in 2022 signalling a recovering tourism sector from the effects of the coronavirus pandemic. The report released by the Ministry of Tourism Wildlife and Antiquities …