Business

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector remains resilient with the Stanbic Purchasing Managers’ Index (PMI) for November climbing to 55.7, up from 52.9 in October. This marks the eighth consecutive month of expansion, as readings above 50.0 signify positive business conditions. Christopher Legilisho, Economist at Stanbic Bank, described …

Kampala, Uganda | THE INDEPENDENT | RUBiS Energy Uganda has introduced RUBiS Gas, a new initiative aimed at providing Ugandans with a safe, efficient, and environmentally friendly cooking solution. This launch marks a significant step in promoting clean energy use across the country. Speaking at the launch, Olivier Gatera, Country Manager …

Kampala, Uganda | THE INDEPENDENT | Oryx Energies has announced the launch of its newest fuel brand called EVERMAX in Uganda. EVERMAX is now available across all Oryx Energies retail stations in Uganda in both petrol and diesel versions, each of them providing valuable benefits. According to officials of Oryx …

Opaqueness surrounding Uganda’s gold data has not only frustrated UGEITI but also other government agencies like UBOS and URA NEWS ANALYSIS | RONALD MUSOKE |  Where does Uganda source the millions of dollars’ worth of gold it exports annually? This question often dominates discussions involving artisanal miners, gold traders, government officials, …

Kampala, Uganda | THE INDEPENDENT | On December 13, 2024, the European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has named Mumba Kenneth Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, following regulatory approvals. Mumba, who succeeds Anne Juuko, brings nearly 30 years of professional experience, including over 20 years in senior roles across the banking sector in …

EACOP equips Youth from Project-affected households with Vocational skills in Hoima, Kakumiro, Kyankwanzi, Kikuube, and Mubende District Hoima, Uganda | THE INDEPENDENT | At least 754 Project Affected Persons (PAPs) under the East African Crude Oil Pipeline (EACOP) project have completed vocational training in various fields, as part of a livelihood …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has announced the 25 beneficiaries of the second Phase of the Changemakers initiative, a flagship program under the MTN Foundation. This program is aimed at empowering Ugandan communities by supporting impactful grassroots projects that drive positive change and sustainable development in line with …

Rabat, Morocco | AGENCIES |  In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African Development Bank Group President received this distinguished honor at last week’s Africa Investment Forum in Rabat, marking a …

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority of Uganda (IRA) has officially launched the 2024 Annual Insurance Innovation Awards (AIIA). The Authority is inviting all licensed industry players to participate. Now in its fifth year, the AIIA aims to recognize innovators who are reshaping the role of insurance …