Business

Kampala, Uganda | THE INDEPENDENT | The banking industry has asked for a statutory recognition of the Uganda Institute of Banking and Financial Services to empower it with the professionalization of the industry and the services. The industry leaders say this will also make it easy to enforce standards in the …

Kampala, Uganda | THE INDEPENDENT | Uganda has been cleared to receive another 120 million dollars (440 billion shillings) loan under the Extended Credit Facility (ECF) of the International Monetary Fund. The IMF Executive Board on Wednesday concluded the fourth review of Uganda’s ECF, And this now enables the immediate …

Kampala, Uganda | THE INDEPENDENT | Various traders, together with the Kampala city traders’ Associations – KACITA, want the government to extend the rollout of the digital number plates, at least for one year. This call has come at a time, when the national rollout of the use of these …

Kampala, Uganda | THE INDEPENDENT | The Directorate of Crime Intelligence has successfully tracked down a suspected gang of armed robbers who specifically target mobile money operators, according to the Deputy Police Spokesperson, Polly Namaye. In a press statement, Namaye explains that the gang members were arrested following an operation …

In both cases, improved connectivity failed to catalyse industrialization and instead encouraged land speculation as it opened up new spaces to real estate investment Kampala, Uganda | AGENCIES | The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has allocated a budget of Shillings 1.761 trillion for the procurement of various services and equipment in the upcoming financial year 2023/24. The money includes expenditures related to new real estate projects, consultancy works, insurance services, office furniture, …

There is no path to a green, just, and prosperous shared future that does not have Africa at its core Kampala, Uganda | THE INDEPENDENT | Africa bears virtually no responsibility for the greenhouse-gas emissions driving the climate crisis. It is not responsible for the conflicts or supply-chain disruptions that have …

Kampala, Uganda | THE INDEPENDENT | CityBlue Hotels, Africa’s fastest-growing local hotel chain, is pleased to announce the signing an agreement between Diar Hospitality and The Emin Pasha Hotel commencing June 2023, a prestigious and luxurious hotel located in the heart of Kampala. In a June 13 media release, executives said, …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda in partnership with Uganda Small Scale Industries Association donated equipment including a bread mixer, baking table, baking raw materials, computers, and internet connectivity for a year worth Ugx10 million to Mulungi Confectionary and Skilling Center in Mukono District. This donation is part of …

­  Nairobi, Kenya | THE INDEPENDENT | Aavishkaar Capital (Aavishkaar), an Aavishkaar Group company and a global pioneer in taking an entrepreneurship-based approach to scaling businesses for impact, in partnership with KfW, a German state-owned investment and development bank, has unveiled a second investment from the ESG First Fund in …