The majority of financially excluded women are in the informal sector and hard-to-reach areas, which requires innovative financing solutions to reach out to them – innovations in digital financial inclusion with a special focus on women is, therefore, necessary to improve the financial inclusion standing of the women COMMENT | …
Read More »Top 5 challenges faced by the car rental industry in Uganda
SPECIAL FEATURE | THE INDEPENDENT | The transportation and car rental business in Africa is developing rapidly and this growth can be observed in many countries especially Namibia, Kenya, South Africa and Uganda. Many people, particularly those from the younger generations, have grown to love taking trips and travels. And …
Read More »BANKS: We have failed to identify SMEs for COVID-19 relief fund
Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …
Read More »COMMENT: Is MTN Uganda on the verge of becoming a bank?
COMMENT | MOSES KAKETO | Imagine waking up one day to find MTN Uganda operating electric purses, issuing debit cards and prepaid cards, taking fixed deposits, and investing some of the money they get in bonds and securities. Industry experts apparently believe this to be a fairly accurate dream. The road to the …
Read More »Afreximbank, EIB unveil €200m pharmaceutical financing scheme for sub-Saharan Africa
Kampala, Uganda | RONALD MUSOKE | The European Investment Bank (EIB), the world’s largest multilateral bank, and Afreximbank, the pan-African multilateral financial institution, have joined hands to finance healthcare and pharmaceutical manufacturing projects across sub-Saharan Africa in an attempt to strengthen health resilience on the continent. The new €200 million healthcare …
Read More »COSASE hands Securex Amenities director to CID
Kampala, Uganda | THE INDEPENDENT | The Commissions, Statutory Authorities, and State Enterprises-COSASE on Tuesday handed over Bob Kanaabi, one of the three Directors of Securex Amenities Uganda Limited to the police over his involvement in the fraudulent acquisition of a lease for the Kampala Capital City Dispensary land. It follows …
Read More »EC gives way for UNRA to build Kampala Flyover
▶ Kampala Flyover links to: ✅ Kampala-Jinja Expressway ✅ Kibuye-Busega-Mpigi Expressway ✅ Kampala-Entebbe Expressway ✅ Kampala Northern by Pass ▶ Phase 1 ✅ Junction upgrading at Shoprite & Clock Tower ✅ Road upgrading at Queensway, Entebbe, Nsambya, Mukwano & Ggaba roads ✅ Pedestrian bridges at Clock Tower, Shoprite & Kibuli ✅ Underpass at Nsambya Kampala, Uganda | THE INDEPENDENT | …
Read More »Mbarara City USMID roads contractor fails to meet deadline a third time
Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council leaders have raised concerns about the failure of Multiplex Limited to meet the deadline for the completion of road works in the city. In May 2021, Multiplex Limited and Ditaco International Trade were awarded a joint contract to construct three roads …
Read More »Can Africa reduce the impact of the US dollar on its emerging markets?
Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …
Read More »Mbarara City Clerk, Council sued over Boda Boda elections
Mbarara, Uganda | THE INDEPENDENT | Mbarara City Boda Boda riders have sued City Clerk Assy Abireeba Tumwesigye and the City Council for suspending the election of their leaders. Through their Umbrella, Mbarara City General Boda Boda Operators Association, the riders say that the City Clerk is acting in a discriminatory …
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