Business

2023 FinScope Uganda survey shows that 60% of Ugandans are saving with a significant portion of the population relying on informal means Kampala, Uganda | THE INDEPENDENT | Equity Bank has unveiled a range of new digital savings products designed to help customers save seamlessly, grow their money and reach their …

Savers set to earn double-digit return on their contributions for the last financial year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) saw its earnings rise by 15% to Shs 2.53 trillion for the financial year ending June 30, 2024, driven by gains across its investment portfolio, …

Uganda’s coffee exports to China soar on account of quality beans KAMPALA, Uganda | Xinhua & The Independent | Uganda’s coffee exports to China surged fivefold in August compared to the previous month, according to a report by the Uganda Coffee Development Authority (UCDA). The UCDA’s latest report, released Monday, …

Mbale, Uganda | THE INDEPENDENT | Bugisu Cooperative Union (BCU) is demanding additional compensation from the government for 619 acres of land currently occupied by Mbale Industrial Park. BCU owned over 800 acres of land in Doho, Industrial City Division, Mbale City, but 619 acres were sold to the government in …

  A Nairobi-designed digital wallet service is nipping at the heels of Eswatini’s mainstream banks and telcos, proving that African expansion can be a gainful strategy for Fintech startups. SPECIAL REPORT | BIRD AGENCY | Instacash, a mobile money platform, has begun to break the decades-long hold of traditional banks …

Registration is key, as more than 65 percent of Uganda’s coffee is consumed by the EU market. Kampala, Uganda | URN & THE INDEPENDENT | The Inter-Religious Council of Uganda (IRCU) has agreed to join the crusade to rally coffee farmers across the country to get registered. Farmers need to register to …

Kampala, Uganda | THE INDEPENDENT | There was a fall in the value of demand for and subsequent payout of retirement benefits by Ugandans over the last year, at least according to the National Social Security Fund. There had been increasing payout amounts over the last three years, in addition to …

Kampala, Uganda | THE INDEPENDENT | In a groundbreaking shift, Ugandan female youth innovators have outshone their male counterparts by clinching top prizes in the 2024 Agriculture, Youth, and Technology (AYuTe) challenge, a competition designed to transform Africa’s agricultural landscape. Organized annually by Heifer International, Uganda, AYuTe serves as a dynamic …

Recycler ATMs have reduced dependency on bank staff, allowing you to handle your transactions quickly and efficiently, which can be a significant time-saver Kampala, Uganda | THE INDEPENDENT | It is a late Friday night, dark and lonely. You pace around, soliciting a cash bailout from your friends and anyone else, …

Jinja, Uganda | THE INDEPENDENT | Jinja is ready to take on the challenges that come with being elevated to a city status, including garbage collection, Juliet Agnes Kadama, the Chairperson of Finance and Planning, has said. Kadama said this Wednesday as she welcomed a partnership between Pepsi, Crown Beverages and Waste …