Business

  This is the lowest interest rate in the past 10 years citing mid-term payments and a tough economic environment Kampala, Uganda | PATRICIA AKANKWATSA | The National Social Security Fund contributors are set to earn 9.65% interest on their savings for the financial year 2021/22 translating into Shs1.38 trillion. …

The country’s internet is 35% worse than global average Kampala, Uganda | RONALD MUSOKE | Uganda is ranked 98th out of 117 countries when it comes to its citizens’ digital well-being, according to the 2022 digital quality of life index published on Sept.28. The study conducted by The Netherlands-based Surfshark, …

Kampala, Uganda | THE INDEPENDENT |  The National Social Security Fund (NSSF) in partnership with Mastercard Foundation has awarded UGX5.9 billion as seed funding to an additional 78 Ugandan small and growing businesses through their Hi-innovator Program. This brings the total of businesses funded to 110 since the Hi-Innovator Programme …

Kampala, Uganda | THE INDEPENDENT | The European Commission in Uganda, is set to fully address the matter of the European union parliament resolution on the East African Crude Oil Pipeline Project, at that upcoming Uganda-EU business summit later this month. Due to environmental and human rights issues, the European …

Mbale, Uganda | THE INDEPENDENT | Police posts and sub-county headquarters operating on the premises of primary societies under Bugisu Cooperative Union-BCU face eviction. Nathan Nandala Mafabi, the BCU Board Chairperson, says that they have resolved to evict the police posts and sub-county headquarters because they operate on the premises free …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited hosted farmers to a forum to discuss the potential to scale up farming to supplement government efforts to see manufactures embrace full sourcing of raw materials they use in their production processes locally. The forum which run under the theme Agriculture as …

Kampala, Uganda | THE INDEPENDENT |  Commercial vehicle manufacturer Ashok Leyland, have launched a new light truck to offer Ugandan businesses a versatile product with higher loading span, higher payload and better driving comfort to ensure profitability. Ashok Leyland is a flagship of the Hinduja Group which boasts 74 years …

Riyadh, Saudi Arabia | Xinhua |  Saudi Arabian Crown Prince Mohammed bin Salman Al Saud announced on Monday the launch of the Saudi Downtown Company for urban development across the kingdom, the Saudi Press Agency reported. Affiliated with the Saudi Public Investment Fund, the company will build and develop downtown …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has announced a partnership with Ideawake, a global innovation software company, to expand access to the NSSF Hi-Innovator programme to more entrepreneurs across the country. In 2021, the Fund launched the NSSF Hi-Innovator programme, an innovation initiative in …

Kampala, Uganda | THE INDEPENDENT | The use of digital payment systems in Uganda has grown considerably both for mobile money service providers and banks for the year that ended in June, a new report by the central bank said Friday. The demand for digital payment services was mainly driven by …