Business

Kampala, Uganda | Xinhua | President Yoweri Museveni on Friday ruled out an Ebola lockdown, urging the public to concentrate on work. “People should go ahead and concentrate on their work without worry,” Museveni said in a tweet. The president, however, said the public should be more vigilant and observe the …

  Remittance inflows to Uganda stood at US$1.08 billion in 2021 Kampala, Uganda | RONALD MUSOKE | Uganda’s rural population will now be able to access key financial services through a new mobile application known as PostalPay. The app developed by cross border payment companies –Inpay and Eurogiro –  in …

The Bank’s investment portfolio improve 15% to Shs1.8tn | THE INDEPENDENT | Uganda Development Bank Ltd (UDB) has reported that it disbursed loans worth Shs237bn in the third quarter of 2022, lower than Shs333bn that was approved in the period under review, it said in a media release dated Oct.28. …

The sector has also benefitted from a strong regulator Kampala, Uganda | ISAAC KHISA | Uganda’s insurance sector is more than seven decades old but momentous growth has only been recorded in the last 10 years as multinational and local insurers scramble for a pie of the emerging market. Big insurers …

Soroti, Uganda | THE INDEPENDENT | There was panic on a Gateway bus registration number UAL 770L, on Thursday afternoon following the death of one of the passengers in transit. The deceased has been identified as Oscar Ocen, a resident of Okoya in Abim district. Ocen has been working with Saracen Security …

But it reported revenue shortfall in withholding tax, temporary road license and export levy | THE INDEPENDENT | Uganda Revenue Authority collected net revenue amounting to Shs5.4trillion against a target of Shs5.1trillion for the three months ending September 30, representing a Shs286billion surplus. This represents a 105.58% improved performance and …

Kampala, Uganda |  THE INDEPENDENT | UAP Old Mutual is partnering with PostBank to organize a financial wellness class hosted on Twitter Spaces, Facebook as well as Zoom and YouTube. The webinar themed “Learn, Grow, Protect Your Finances,” will be moderated by TV personality, Mildred Tuhaise and is set to …

Gulu, Uganda | THE INDEPENDENT | Survivors of a nasty motor vehicle accident that claimed four lives and left 32 people injured in Gulu City on Monday evening have started recounting their recollections of the fatal crash. The accident involved a Canter truck registration number UBF 743B which overturned with …

Lagos, Nigeria | Xinhua |  China Harbor Engineering Company Ltd (CHEC) on Monday handed over Nigeria’s first deep sea port to the government after the completion of the huge maritime project in the country’s economic hub city of Lagos. The port will meet the needs of Nigeria’s economic development, said …

IGG case collapses in court Kampala, Uganda | THE INDEPENDENT | The Buganda Road Magistrates Court has acquitted the former Chief Executive Officer of Uganda Airlines Cornwell Muleya on  charges of disobedience of  lawful orders by the Inspectorate of Government  requiring him to record a statement  on matters related corruption. …