Business

Kampala, Uganda | THE INDEPENDENT | Officials from the Uganda Retirement Benefits Regulatory Authority (URBRA) have told Parliament that it is illegal for the National Social Security Fund (NSSF) to give out loans to different entities. Led by the URBRA Chief Executive Officer Martin Nsubuga, officials from the Authority on …

U.S. Mission Releases ‘Report to the Ugandan People’ 60th Anniversary Edition   Kampala, Uganda | THE INDEPENDENT |  The U.S. Mission on Wednesday marked 60 years of USA-Uganda development partnership by releasing a 60th anniversary edition of the ‘Report to the Ugandan People’.  This is the 6th consecutive annual report that …

Washington, US | Xinhua | U.S. President Joe Biden delivered his State of the Union address to Congress on Tuesday night amid a sour public mood. This is Biden’s second State of the Union speech since he took office in January 2021 and the first of its kind before a …

Big power consumers like Cipla, UBL, Metro Plastics, and National Water are to benefit from the new infrastructure  Kampala, Uganda | JULIUS BUSINGE | The Uganda Electricity Transmission Company Limited has commissioned the 120MVA, 132/33kV Luzira Industrial Park Substation which is expected to boost the supply of reliable power to consumers, …

Kampala, Uganda | THE INDEPENDENT | Nile Breweries Limited (NBL) unveiled a new country director for Uganda Adu Rando succeeding David Valencia, who had served in the same position for two years. Rando has been part of the ABI-InBev for the last twenty years, having served in Brazil, China and most …

Kampala, Uganda | THE INDEPENDENT | Pesapal has unveiled a new Forecourt Management Solution in Uganda, Kenya and Tanzania delivering integrated payments alongside monitoring and data tools. The solution drives the automation of fuel and retail management processes, seamlessly connecting distribution points and digital payments – backed up with tools to reduce …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …

Kampala, Uganda | THE INDEPENDENT | A total of 10,000 youth in 10 higher education institutions will be enrolled in a digital coaching and mentorship programme called Boundless Minds in partnership with Coca-Cola Beverages Uganda (CCBU). The project will intensively mentor 100 students from different institutions who will be recruited as …

Kampala, Uganda | THE INDEPENDENT | Staff of Uganda Development Bank graduated in transformative leadership from the National Leadership Institute (NALI) – Kyankwanzi on Jan.31, the lender said in a media release. The two weeks leadership training was aimed at facilitating and developing quality leaders who would stimulate Uganda’s socio-economic transformation …

Museveni and Ramaphosa to attend summit Kampala, Uganda | THE INDEPENDENT |  The Private Sector Foundation Uganda (PSFU) in patnership with Ministries of Foreign Affairs, Trade and Cooperatives, Privatisation and Investment is organizing a Uganda- South Africa Trade, Tourism, and Investment Summit  February 27th – 1st March 2023 in Pretoria, South …