Business

Prof. Balunywa to MSMEs: Government is Legislating You Out of Business. Kampala, Uganda | THE INDEPENDENT | Many government regulations are hindering the growth of small businesses, according to Prof. Wasswa Balunywa – the Principal of Makerere University Business School (MUBS). While speaking to SME owners at Onomo Hotel during …

    Kampala, Uganda | THE INDEPENDENT |  The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance payments for high …

  Kampala, Uganda | THE INDEPENDENT | Civil Society Budget Advocacy Group has commended the government for putting together a pro-people 2022/23 budget, but has outlined areas that it wants prioritised so as to achieve tangible results. Speaking at a post-budget event held in Kampala on June 23, Julius Mukunda, …

MediProtect is open to the bank customers and any of their nominated dependents, irrespective of age Kampala, Uganda | THE INDEPENDENT | Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to Shs20million, courtesy of Stanbic MediProtect, a joint offer by …

The lender recorded 76% net profit to Shs38.8billion in 2021 Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia …

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank, the country’s national development finance company, made a record level of loan approvals in 2021, with total lending of sh635 billion. The approved loans are the highest since 2011, denoting a 10-year-high, while the loan stock grew more than half …

Elegu, Uganda | THE INDEPENDENT | Consumers and traders operating at Elegu Border Point in Amuru district have asked the Uganda National Bureau of Standards (UNBS) to step up market surveillance and crackdown on substandard commodities. They pointed out that the area is witnessing a surge in goods and commodities …

    Kabale, Uganda | THE INDEPENDENT | President Yoweri Museveni has advised the people of Kabale district to refrain from smuggling goods into Rwanda and instead engage in formal business. In a statement provided by the presidential press unit, Museveni made the comment at the Katuna border as he …

Kampala, Uganda | THE INDEPENDENT | A number of road users within the Nsambya area are unaware of the planned closure of part of the road to pave way for the construction of the Kampala Flyover Project. The road from the clock tower to Nsambya has been temporarily closed from …

Kampala, Uganda | THE INDEPENDENT | Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to their shareholders, starting July 24th and August 4th, …