Business

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 …

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 …

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 …

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 …

 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 | …

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 …

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 …

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 …

London, UK | Xinhua | HSBC, the largest bank in Europe, on Monday said it had bought the United Kingdom (UK) operations of the failed U.S. lender Silicon Valley Bank (SVB) for a single symbolic pound (1.21 U.S. dollar). The move is expected to save many British startups from huge …

  Johannesburg, South Africa | THE INDEPENDENT |  Absa Group has today reported strong normalised headline earnings of R21 billion ($1.15billion) for the 2022 financial year, an increase of 13% from the prior year and well above pre-COVID levels. The result, Absa Group said,  was driven by significantly higher pre-provision …