Business

Geneva, Switzerland | Xinhua | The World Trade Organization (WTO) ruled on Wednesday that the United States was violating international trading laws by requiring Hong Kong products to be labeled as “Made in China.” The U.S. origin marking requirement has violated the country’s obligation under the trade body’s rules, said a …

High transactional costs hampering growth in financial inclusion in Uganda Kampala, Uganda | THE INDEPENDENT | New developments in the financial sector have forced a rethink of how the sector should be developed to ensure it helps build a thriving economy that works for every Ugandan, according to Moses Kagwa, the …

Kampala, Uganda | THE INDEPENDENT | Vice President Jessica Alupo has said Uganda will benefit more from its relationship with China if the wide trade deficit between the two countries is narrowed. Speaking during the celebrations to mark 60 years of Uganda’s diplomatic relationship with China, at the Kampala Serena Hotel, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) in partnership with various companies has unveiled a loyalty programme to enable members to access discounts on selected goods and services through the NSSF smart card. The initiative is one of the major features of the NSSF Smart card, …

This becomes the second country to enter the mineral rich-nation Kampala, Uganda | THE INDEPENDENT | Regional lender, KCB Group PLC has received a no objection to acquire Trust Merchant Bank SA (TMB) in the Democratic Republic of Congo. KCB Group obtained the regulatory green light in Kenya, the Democratic Republic …

URBRA’s Nsubuga says “we think that this lump sum payment is not attractive” Kampala, Uganda | THE INDEPENDENT | The pensions sector regulator URBRA insists that the decision to allow savers to withdraw up to 20 percent of their savings to cater for emergency financial distress was wrong and could …

Kampala, Uganda | THE INDEPENDENT |  Finance Trust Bank is marking its 38th anniversary, and to crown it, the bank has moved its headquarters from the suburb of Katwe to TWED Plaza, Lumumba Avenue, Nakasero. A ceremony highlighting the move was held on Friday —presided over by Tumubweine Twinemanzi, the …

Kampala, Uganda | THE INDEPENDENT | The German Government and the European Union (EU) on Dec.13 launched the ‘GET ACCESS Mini-grid Solar Program, a 35 million euro initiative to support the electrification of Uganda’s rural areas and contribute to the transition towards renewable energy. The program will provide first-time access to …

Rwanda is ranked best in EAC Kampala, Uganda | RONALD MUSOKE | African countries are increasingly making better progress in their freedom of travel policies, most of which had been severely curtailed by the Covid-19 pandemic, according to the 2022 Africa Visa Openness Index. The annual publication, prepared by the African …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has treated several of its customers to an end-of-year cocktail evening at the Sheraton Kampala Gardens to appreciate them for continuing to do business with the bank. The outdoor evening  was defined by lively social interactions and laughter, cocktails and entertainment …