Business

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank last year lent out more than 600 billion shillings to different projects on top of other non-financing activities, aimed at creating positive impact on the social, economic progress of the country. In measuring how successful their plans were, the Bank annually …

Kampala, Uganda | THE INDEPENDENT | ITHUBA Uganda has just announced winners of the largest LOTTO jackpot pay out in the country’s history. With ticket sales going live only nine weeks ago on June 1, 2024, the grand prize of over UGX 1 billion guaranteed jackpot has been won by …

    Kampala, Uganda | THE INDEPENDENT |  ACCA Uganda and Deloitte Uganda have announced the renewal of their strategic partnership, aimed at advancing capacity building and recognizing excellence among Chief Financial Officers (CFOs) in Uganda. This renewed collaboration confirmed July 29th, will span the next three years, reinforcing the …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) unveiled its highly anticipated consumer promotion, “Laga Swagga,” on Wednesday, promising to reward over 400 lucky consumers with a staggering 1 billion shillings in cash prizes over 12 weeks. The launch event, held at the glamorous Silver Springs Hotel, was …

Jinja, Uganda | THE INDEPENDENT | The National Agricultural Research Organization-NARO has finalized plans to introduce biodegradable hair extensions to the Ugandan market. The hair extensions are extracted from the banana stems after harvesting the banana crop. The scientists argue that parts of the banana crop which were often disposed of …

Kampala, Uganda | THE INDEPENDENT | On July 18, Diamond Trust Bank announced its sponsorship of the Green Industry Agenda, a Uganda Manufactures’ Association led initiative, aimed at promoting sustainable industrial growth in Uganda. The lender’s CEO Godfrey Sebaana said the support aligns with the bank’s sustainability goals, and is a …

Jinja, Uganda | THE INDEPENDENT | Uganda’s first e-Mobility Expo and Kiira Vehicle Plant (KVP) Open House is set for Friday 16th August 2024 at the Kiira Vehicle Plant in Jinja. Held under the theme “The Future is Green; The Future is Now”, the first-of-its-kind event organised by Kiira Motors Corporation …

  Kampala, Uganda | THE INDEPENDENT | Government has hailed Uganda National Lottery as a constructive and responsible means of giving back to the community, as it benefits citizens, across all social classes. Prime Minister of Uganda Robinah Nabbanja, Finance Minister Matia Kasaija, Security Minister Jim Muhwezi together with Deputy Speaker of Parliament …

The tripartite member states represent 53% of the African Union’s membership, accounting for more than 60% of the continental GDP ($1.88 trillion) and with a combined population of 800 million ANALYSIS | THE INDEPENDENT | The private sector in the East African Community, under their umbrella body, the East African Business …

NAIROBI, Kenya | Xinhua | Kenya and Uganda have officially begun talks to extend the petroleum products pipeline from Eldoret in western Kenya to the Ugandan capital of Kampala. The Kenya Pipeline Company (KPC) said on Tuesday that the project, poised to significantly impact the region’s fuel import market, will …