Business

Kampala, Uganda | THE INDEPENDENT | Uganda’s banking industry, security agencies and the judiciary have teamed up to find solutions to the rising financial fraud that has increasingly hit the country in recent times. The crime has been abated by the digital revolution with fraudsters taking advantage of new technologies to …

Airtel Africa partnered with FAME Studios Africa; promise to showcase African talent, entertainment, and excitement Kampala, Uganda  | THE INDEPENDENT | Airtel Africa has announced that the highly anticipated show, The Voice Africa, will debut on 26th March 2023. Airtel Africa, as the title sponsors, has partnered with FAME Studios Africa …

Kampala, Uganda | THE INDEPENDENT | Makerere University has resolved to start accrediting hostels that accommodate students.  This was revealed by the University Vice-Chancellor Professor Barnabas Nawangwe on Thursday. He said the move is aimed at enhancing the safety and security of its students. According to Nawangwe, of the 35,000 …

  Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda and Enterprise Uganda signed a Memorandum of Understanding that will see the two organisations partner to offer Micro, Small and Medium-size Enterprises (MSMEs) business development services and upskilling in financial literacy in 9 districts across Uganda. Beginning on 3 April …

Kampala, Uganda | THE INDEPENDENT | At an event held recently in Kampala, a total of 28 women Agribusiness entrepreneurs graduated from the first cohort Business Accelerator Program (BAP) implemented by Agribusiness Development Centre and powered by dfcu Limited and Rabo Foundation. Launched last year, the Business Accelerator Program’s objective is …

Entebbe, Uganda | THE INDEPENDENT | The Minister of Defence and Veterans Affairs Vincent Bamulangaki Ssempijja today flagged off the export of military consignments to the Republic of Equatorial Guinea at Entebbe Airbase. The consignment included 5,400 Cartons of Armed Forces Uniforms and accessories manufactured by Southern Range Nyanza Ltd …

London, UK | Xinhua | The Bank of England (BoE) has raised its benchmark interest rate by 0.25 percentage points to 4.25 percent, the highest since autumn 2008, according to a BoE statement issued on Thursday. At its meeting ending on Wednesday, the central bank’s Monetary Policy Committee (MPC) voted …

Kamwenge, Uganda | THE INDEPENDENT | Kamwenge District Veterinary Department has ordered the temporary closure of all livestock markets in the district to curb the spread of Foot and Mouth Disease-FMD to the area. The District Veterinary Officer, Dr. Paul Mbago told URN that the decision follows the outbreak of …

Sironko, Uganda | THE INDEPENDENT |  Unidentified gunmen riding on numberless motorcycles have raided Namaguli and Bunyafwa sub-counties and made away with sh76.2 million from  local businessmen. According to Sironko Resident District Commissioner, Denis Ephraim, the gunmen who were also armed with sticks and machetes raided the residence of local businessman Mike …

SVB had around 90% of its accounts with more than $250,000 in deposits, which is “higher than your typical bank Kampala, Uganda | THE INDEPENDENT | Silicon Valley Bank is now known as the biggest U.S. bank failure since 2008. Before becoming known globally for its chaotic collapse, SVB was well-regarded …