Business

Kampala, Uganda | THE INDEPENDENT REPORTER | Stanbic Bank Uganda has countered fraudulent activity by a few of its banking agents aimed at defrauding the bank. The bank was quick to add that the incident did not affect customer transactions or balances and that agency banking services continue to operate …

  Kampala, Uganda | INDEPENDENT REPORTER |  Uganda Breweries Limited unveiled the inaugural East African Breweries Limited (EABL) Sustainability Report to the government, the media and the public. The report, which was released by all three subsidiaries under EABL (Uganda Breweries, Kenya Breweries and Serengeti Breweries) is meant to highlight …

Kampala, Uganda | THE INDEPENDENT |  The Minister of Finance, Planning and Economic Development Matia Kasaija has appointed a new Board of Directors for the National Social Security Fund (NSSF) for the next three years effective September 01, 2021. The new NSSF board is headed by Dr. Peter Kimbowa, a …

Sam Mwogeza is the head, Consumer and High Net Customers at Stanbic Bank Uganda. He spoke to The Independent about the lender’s plan to finance the country’s economic comeback from the pandemic. You have had a successful first half of the year, judging by your Shs 154.9bn net profit. Does …

Innovation needs to speed up FEATURE | EDUCATION | Long before the second wave of the pandemic, questions about the future of education dominated public discourse in Uganda. Shamim Nirere of Izere Education not only had the question lingering on her mind, she found some answers too. “The future of …

The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which …

Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …

Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the …

Kampala, Uganda | THE INDEPENDENT | The 12th edition of the CEO Summit will be held virtually on September 17th, 2021. The CEO Summit, the largest gathering of Uganda’s leaders and private sector decision-makers, will bring together 200 corporate sector leaders from the private sector, the civil society, and the public …

Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the …