Business

Governments across the globe are concerned about the rapid evolution of the iGaming sector and its harmful influence on populations’ well-being, and New Zealand is no exception. It’s no secret that gambling activities can result in unpleasant consequences like compulsive behaviours and addictions, and not every user can control themselves …

  Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has reaffirmed its commitment to the Digital Tax Stamps (DTS) program, emphasizing its role in strengthening tax compliance and market integrity. Isaac Arinaitwe, the Ministry of Finance’s Principal Economist, explained that the DTS program, launched in 2019, has been …

Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda has handed over cash prizes totaling sh100 million to winners from the ongoing card usage campaign dubbed “UGX 200 million can change your story”. The 10 winners used their Absa debit or credit cards for at least five transactions in the …

This strong performance allowed MTN Uganda to declare a second interim dividend of Shs 7.5 per share Kampala, Uganda | THE INDEPENDENT | MTN Uganda has recorded a significant 29.6% increase in profit after tax, reaching Shs 459.4 billion for the nine months ending September 30, 2024. The robust growth is …

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank Uganda today (Nov.12) announced a partnership with Xpress Money, an international money transfer service, to simplify and expand remittance access for Uganda’s diaspora community. “We are thrilled to join hands with Xpress Money to boost our remittance offerings,” said DTB Uganda’s Chief …

Earnings per share grew by 13% to Kshs. 10.4 Quarter three profit after tax up by 13% to Kshs.40.9 billion Deposits grew by 9% to Kshs.1.3 trillion Regional businesses contributed 48% of total assets and 51% of profit before tax for the period Total Assets grew to reach Kshs.1.7 trillion …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) emerged as the Gold Award winner at the 2024 Financial Reporting (FiRe) Awards, scooping four prestigious accolades, including the overall Gold Award for Excellence in Integrated Reporting. The other accolades received included the recognition for the Best Sustainability Reporting …

Uganda’s demographic outlook is promising, with women making up 51% of the population and including 18.2 million women under 35 Kampala, Uganda | THE INDEPENDENT | The Second Annual Women’s Economic Empowerment Forum (WEEF), held on November 6, 2024, at Mestil Hotel in Kampala, underscored a growing commitment to advancing gender …

Kampala, Uganda | THE INDEPENDENT | The latest Stanbic Purchasing Managers’ Index (PMI) data reveals a sustained expansion in Uganda’s private sector for the seventh consecutive month, as business activity and new orders continue to rise. The headline PMI for October recorded a value of 52.9, slightly down from September’s, yet …

Hotel bookings in Jinja on the rise, guests to receive complimentary Uganda Waragi Lemon & Ginger during Nyege Nyege weekend Jinja, Uganda | THE INDEPENDENT | Hotel bookings are on the rise with many of Jinja’s accommodation hotspots declaring they are fully booked between November 14 to 17, the dates …