Business

Kwania, Uganda |  THE INDEPENDENT | About 312 Savings and Credit Cooperative Organizations-SAACOs in Uganda are victims of fraud and poor governance, a report by the Project of Financial Inclusion in Rural Areas-PROFIRA has revealed. PROFIRA monitors the performance of different SACCOS in the country. According to the report, 64 out …

Moroto, Uganda |  THE INDEPENDENT | The persistent drought in the Karamoja region has created a lot of worries among the pastoralists. The region has for last four months been hit by a dry spell that has dried up several water sources and grass that the pastoralists have been grazing their animals. John …

Kampala, Uganda |  THE INDEPENDENT | The Government plans to spend 1.826 Trillion Shillings on repayments of external debt next financial year, up from 1.12 trillion Shillings in the current year. The increase is attributed to an increase in non-concessional financing.    Non-concessional loans usually carry commercial interest rates which are …

Kampala, Uganda |  THE INDEPENDENT | As Kampala city welcomes new leadership, taxi operators have advised the incoming Kampala Capital City Authority -KCCA councilors to always consider consulting with them before enacting any bi-laws. Mayambala Mustafa, the vice chairman of Joint Taxi Operator’s Consortium -JOITCO says there has been misrepresentation when it …

Mbale, Uganda |  THE INDEPENDENT | Mbale City and the neighboring areas woke up in darkness on Thursday morning following the cutting down of electric poles by unknown people. The unknown people used power saw machine and cut down three poles in Bugema Nauyo within Mbale City blocking part of Mbale …

Recent events show that Africa’s dependence on external sources of finance is no longer sustainable. It is time for the continent to develop its own lending institutions | HANNAH RYDER AND OVIGWE EGUEGU | Amid all the distress of the Covid-19 pandemic in 2020, progress on the African Continental Free …

Uganda’s economy is slowly opening up amidst coronavirus pandemic, rising hope for the banking industry’s quick recovery. The Independent’s Isaac Khisa caught up with the Absa Bank Uganda Managing Director, Mumba Kalifungwa, and shares the industry’s projected performance and the future outlook. What do you make of Uganda’s banking industry …

  The carrier takes on Kenya Airways, RwandAir, Air Tanzania and Ethiopian Airlines which dominates the new routes Kampala, Uganda | ISAAC KHISA | Uganda’s national carrier, Uganda Airlines, is set to tighten competition in the East Africa’s aviation market with the unveiling of new routes. The carrier has announced …

Kampala, Uganda | Julius Businge | Technological advancements, innovations continue to emerge in the world economy to facilitate transactions and related services across sectors of life. On Jan.11, Airtel Uganda, in partnership with Mastercard introduced a virtual debit card offering to enable customers transact online globally. The virtual (non-plastic) card allows …

Saving the 2021 economy: Key factors that might determine its performance and why government must act Kampala, Uganda | JULIUS BUSINGE | Ugandans went to the polls on Jan.14 to elect a new President and other political leaders amidst tight restrictions on preventing the spread of COVID-19 pandemic. Throughout the campaign …