Business

Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector has recorded improvement in the business operations and performance over the month of May compared to the situation in April, according to an expert study. The higher rate of activity by companies was mainly driven by the continued recovery of consumer …

Kampala, Uganda | THE INDEPENDENT | Kenya Airways and the Kenya Tourism Board have awarded two lucky winners at the Pearl of Africa Tourism Expo (POATE), with return tickets to Nairobi and Mombasa, for a two-day fully paid fun trip. Robert Onega of Hannah and Hannah Tours won a return trip …

Kampala, Uganda | PATRICIA AKANKWATSA |  Ecobank Group has announced the launch of the 7th edition of its highly anticipated Ecobank Fintech Challenge. This annual competition serves as a launchpad for African fintech startups and developers, both domestic and those with a global focus on Africa, to unlock significant funding, …

Kampala, Uganda | THE INDEPENDENT | Creativity, innovation, and entrepreneurial skills were exhibited as the 2024 Stanbic National School’s five-day Boot Camp recently ended; it said in a statement. Francis Karuhanga, the chief executive of Stanbic Uganda Holdings Limited said, “I want to take this opportunity to thank the Ministry of …

Jinja, Uganda | THE INDEPENDENT |  DHL, a global leader in the logistics industry in collaboration with Absa Bank Uganda under the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme have trained over 200 SME’s in Jinja to build their capacity to access export markets. “SMEs tend to focus predominantly on …

Will the President’s move to cap interest rates charged by money lenders and his suggestions on regional markets yield tangible results, or are these just passing remarks? Kampala, Uganda | JULIUS BUSINGE | In his latest State of the Nation Address 2024, President Yoweri Museveni wants to cap interest rates charged …

ITHUBA Uganda reveals more Winners of the DAILY LOTTO Draw on June 9 2024 Kampala, Uganda | THE INDEPENDENT | Uganda’s national lottery enters its second week today, with the daily Lotto that has up to sh30m at stake. After the first week’s ITHUBA Uganda lottery draw Sunday at which there …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has secured a new core banking system dubbed Flexcube to ensure it matches customer demand for instant services and the best digital has to offer. Officials said the implementation of the Flexcube Banking System was driven by the need to stay ahead of the …

* “Fishing is a rewarding vocation that has enabled me to educate my children, feed them, and pursue other businesses on the side,” said Mohamed Chamira, a fisherman with 57 years of experience. * China has been carrying out fishery cooperation with nearly 20 African countries and their partnerships hold …