Business

ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export Import Bank, has recorded a significant 24.5% increase in net interest income for the first half of 2024, reaching $826.2 million driven by increase in loans and advances. The Bank also recorded a surge in fees and commission income that increased …

Kampala, Uganda | THE INDEPENDENT | The recently concluded 2024 MTN Uganda Suppliers’s Forum was a landmark event, celebrating the spirit of collaboration and innovation that fuels MTN Uganda’s success. Among the forum’s highlights was the presentation of the Supplier Innovation Award to Ericsson and GD Experts Ltd. The Supplier Innovation …

BEIJING, CHINA | Xinhua | Clad in golden chainmail armor and wielding a magical staff spinning with flames, the Destined One, Monkey King, embarks on a marvelous yet daunting odyssey in the celestial world of “Black Myth: Wukong.” Officially launched across the globe on Tuesday, “Black Myth: Wukong” is a …

WINDHOEK | Xinhua | Namibia is on track to become one of Africa’s leading oil producers by 2035, potentially producing more than half a million barrels of oil per day, an official said on Wednesday. This development could see the country displace Egypt from the top five oil producers on …

Kampala, Uganda | THE INDEPENDENT | The Uganda Breweries Managing Director (MD) Andrew Kilonzo has called upon government to drive usage of the Digital Tax Stamps(DTS) by all targeted users. Kilonzo made the statements during a media engagement withbusiness reporters and editors in Kampala early in the week. He said that …

Kampala, Uganda | THE INDEPENDENT | Pay tv firm, MultiChoice is offering its Ugandan subscribers a price discount for its GOtv Supa+ package until Nov. 10, 2024. GOtv Supa Plus, which was previously Shs 110,000, is now retailing at Shs 90,000, offering new customers the opportunity to get immersed in the …

Katakwi, Uganda | Patricia Akankwatsa | The Food and Agriculture Organization of the United Nations (FAO) is making significant strides in improving poultry farming in the Teso sub-region of Uganda. Through a comprehensive initiative aimed at building climate resilience and ensuring food security for smallholder farming households, FAO is providing farmers …

Despite their lower populations and economic sizes, investors are increasingly attracted to the stability and well-regulated environments of a number of Africa’s “smaller” markets like Rwanda. SPECIAL REPORT | BIRD AGENCY | Small African economies are punching above their weight to emerge as the most attractive to investors, bolstered by …

Kampala, Uganda | THE INDEPENDENT | Robinnah Nakajjubi, had lost all dreams of ever being an electrical installation technician. Her journey from a hopeful student to a skilled tradeswoman is a testament to determination, the power of community, and the transformative potential of educational opportunities. Nakajjubi’s journey to electrical installation started …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has opened a new branch in Buliisa district in western Uganda, expanding its network to 81 branches. This new branch aims to serve the broader community in Bunyoro region, which is experiencing a fast increase in economic activity stimulated by the Oil and …