Business

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has recorded a fourfold increase in income, reaching Shs 1.2 trillion for the fiscal year ending June 30, 2024. This significant growth, as detailed in the Bank of Uganda’s Annual Report for FY 2023/24, marks a substantial rise from the Shs 277.8 …

Kampala, Uganda | THE INDEPENDENT | Fabian Kasi, the Managing Director of Centenary Bank, has called on Chief Executive Officers in Uganda, to take fearless decisions in combating climate change. Kasi made the rallying call while addressing CEOs and top managers from various corporate entities and government agencies at the 15th …

Otuke, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has launched its livelihood support project. The initiative is aimed at recruiting informal sector workers to save with the fund. Launched in Otuke district on Friday, the project is currently being piloted in the four districts of Otuke in …

  NAIROBI | Xinhua | Kenya Airways, the country’s flag carrier, said on Friday that the consolidation of airlines on the continent will help reduce the cost of intra-African air travel. Allan Kilavuka, chief executive officer of Kenya Airways, said in the Kenyan capital of Nairobi that travel within Africa …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has encouraged business owners especially manufacturers and agriculturalists to opt for affordable credit provided by Uganda Development Bank (UDB). The President made the call recently while launching the new Karuma 600 MW hydropower project which now takes Uganda’s installed capacity to …

Kampala, Uganda | THE INDEPENDENT | In November this year six selected businesses from the UK-funded Climate Finance Accelerator (CFA) Uganda will seek over US$28 million in funding as they pitch their innovative low-carbon projects to investors, officials said on Sept.26. These six new businesses, chosen from more than 140 applicants, …

Uganda Breweries announces call for businesses to provide goods and services at the Kampala, Uganda | THE INDEPENDENT | The search for vendors for the second edition of Bell ObaFest providing opportunities for businesses in food and beverages, fashion, music and arts has stared. Uganda Breweries has indicated that persons …

  PostBank Completes Ugx. 6 billion Disbursement of the First Tranche of the GROW Loan to 353 Women Entrepreneurs Kampala, Uganda | THE INDEPENDENT |  PostBank Uganda, driven by its purpose of Fostering Prosperity for Ugandans, has completed Ushs 6 billion disbursement of the first tranche of the GROW loan to …

Kampala, Uganda | THE INDEPENDENT | Prizes worth Shs254 million have so far been received by customers who have participated in the Laga Swagga promotion which seeks to reward customers upon purchase of Uganda Waragi, V&A, Bond 7, and Gilbeys. The promotion has also attracted over 360,000 customers within just seven …

Kampala, Uganda | THE INDEPENDENT | On Sept.23, dfcu Bank rolled out its GROW initiative to traders in Owino, downtown Kampala, marking a significant step forward in empowering Uganda’s women entrepreneurs. Owino, a bustling hub for commerce in Kampala, is home to thousands of traders, many of whom are women striving …