Business

Nairobi, Kenya | Xinhua | East African Community (EAC) member states are keen to fast-track harmonization of food standards in order to boost intra-regional trade, officials said Wednesday. Mary Mwale, head of food security at Kenya’s Ministry of Agriculture, Livestock and Fisheries, said in the Kenyan capital Nairobi that the region …

SPECIAL FEATURE | BUSINESS | Starting a business is no easy task. There are so many things to consider – from the initial planning stages to marketing and advertising your business, to maintaining it once it’s up and running. One of the most important aspects of starting a business is …

This comes at a time car prices have surged by between 10 and 15 percent citing a drop in supply from source countries Kampala, Uganda | THE INDEPENDENT | Local businesses seeking to boost their field operations can now benefit from affordable vehicle financing options courtesy of a new partnership …

MD Mugabi: We are ever improving our customers’ banking experience Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank Uganda (HFB), the leading mortgage provider and one of the fastest-growing financial institutions in Uganda, has officially launched their account opening service available on their Mobile Banking App, in a campaign dubbed “Bwepwa”. …

FAO and agriculture ministry respond to plight of fruit farmers in western Uganda Kampala, Uganda | RONALD MUSOKE | The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the International Institute of Tropical Agriculture (IITA) and Uganda’s agriculture ministry have teamed up and responded to the plight …

Equity Bank provided up to US$100 million funding for construction, importation of HiTech Medical Equipment and machines as well as working capital support. Uganda Development Bank has contributed US Luwero, Uganda | THE INDEPENDENT |  The President of Uganda Yoweri Kaguta Museveni, on Friday commissioned the Dei Biopharma manufacturing facility …

Fraudsters have resorted to using simcards of dead people or old people in rural areas ignorant about transactions | THE INDEPENDENT | The National Payment Systems Services Association has partnered with Uganda Bankers Association to fight fraud that had become a threat to the financial sector and the growth in …

Off-grid electricity sector can contribute to achieving most of the country’s development targets faster Kampala, Uganda | RONALD MUSOKE | Over 5,000 jobs in Uganda’s decentralized renewable energy (off-grid power) sector have been lost over the last two years due to the COVID-19 pandemic according to a new study published …

  MasterCard Foundation, NSSF 2028 Target: To create 500 startups and up to 132,000 jobs  ✳ Support 500 startups ✳ 100 startups to scale ✳ Create132,000 jobs ✳ 132,000 new NSSF members ✳ Use $10million ($5m Mastercard Foundation + $5m NSSF) ▶ In the past 14 months ✳ 8,039 entrepreneurs …

Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …