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 …
Read More »IMF okays Sh440 billion loan to Uganda after reforms
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 …
Read More »Traders ask for a delay in digital number plate rollout for a year
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 …
Read More »Police tracks down gang targeting mobile money dealers
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 …
Read More »Grand infrastructure projects aren’t a magic bullet for industrial development-Kenya and Ghana
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 …
Read More »NSSF to sink sh1.761Trillion for procurement next financial year
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, …
Read More »Leveling the Financial Playing Field for Africa
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 …
Read More »The Emin Pasha joins the CityBlue Collection in Uganda
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, …
Read More »MTN Uganda supports Skilling Center in Mukono district
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 …
Read More »Aavishkaar ESG First Fund invests in Hela Apparel Holdings PLC with $5million
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 …
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