The insurance industry recorded Shs1.6trillion in premiums last year but motor third party accounted for only one percent Kampala, Uganda | THE INDEPENDENT | Insurance sector leaders are calling on the government to implement measures ensuring that all motorists secure mandatory motor third-party insurance, aimed at safeguarding road accident victims. Speaking …
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The African Development Bank has mobilised $275 million for the project, with the Global Environment Facility and the government jointly contributing $5 million Kampala, Uganda | THE INDEPENDENT | The implementation of the 69.2 km Kampala City Roads Rehabilitation Project (KCRRP) continues to gain momentum, with current progress standing at 28.4% …
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The East African nation boasts diverse mineral resources, including deposits of gold, copper, high-grade tin, cobalt, kaolin, iron ore, and others, which remain underexploited Kampala, Uganda | JULIUS BUSINGE | Ugandan strategists are ambitiously working towards growing the nation’s economy tenfold, aiming to expand its Gross Domestic Product (GDP) from $50 …
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The Hi-Innovator initiative seeks to elevate enterprises that typically struggle to attract traditional investment, with a particular focus on women and youth-owned businesses Kampala, Uganda | THE INDEPENDENT | Seven small businesses have secured seed funding of approximately $20,000 each through the Hi-Innovator program, a joint initiative by the National Social …
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Kampala, Uganda | Michael Jjingo | In the recent past, several Ugandan commercial banks are slowing down the opening of new branches. More than 75% of retail banking transactions are now digital. The bank branch growth is indeed “going south.” Brett King wrote, “And there’s no reason to assume we’ll see …
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Entebbe, Uganda | THE INDEPENDENT | Recipients of the 2024 Accountancy Service Awards, organized by the Institute of Certified Public Accountants of Uganda (ICPAU), have given hope to the profession by upholding ethical values, providing excellent service to clients, and contributing to economic growth. The awards are an annual event, presented …
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Bulange, Mengo | LOUIS JADWONG | The Prime Minister (Katikkiro) of Buganda Kingdom Charles Peter Mayiga, has said government has no business getting directly involved in managing the coffee sector, and warned of ill-advised plans to phase out the Uganda Coffee Development Authority (UCDA). The Katikkiro told coffee stake holders, led …
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VP Jessica Alupo: Uganda draws valuable lessons from China’s modernization path BEIJING, China | Xinhua | Uganda has drawn valuable lessons from China’s modernization experience, Ugandan Vice President Jessica Alupo has said. In a written interview with Xinhua for the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in …
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Kampala, Uganda | THE INDEPENDENT | The banking industry registered some strength towards the end of the financial year 2024, despite the closure of two Tier II lenders in the last half of the year. EFC Uganda Limited was closed in January and Mercantile Credit Bank Uganda in June 2024, …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy stands to benefit from more Ugandans increasingly embracing financial services according to Old Mutual Investment Group (OMIG) Chairman, Samuel Ssejjaaka. Ssejaaka was speaking at OMIG Annual General Meeting for Uganda’s Unit Trust Holders held at Kampala Serena Hotel on Sept.5, where he updated …
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