Stanbic Uganda Holdings Ltd, Centenary Bank, and Absa Bank Uganda accounted for 60% of the industry’s aggregate profit Kampala, Uganda | THE INDEPENDENT | Uganda’s supervised financial institutions including commercial banks, micro-deposit-taking institutions (MDIs), and credit institutions, recorded a combined profit of Shs1.4 trillion for the year ending June 2024, a …
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Kampala, Uganda | THE INDEPENDENT | PostBank Uganda, committed to its mission of “Fostering Prosperity for Ugandans,” has disbursed the first tranche of the GROW Loan, amounting to Shs6 billion. The funds have been distributed to 353 women entrepreneurs as part of a project funded by the World Bank and implemented …
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Kampala, Uganda | Patricia Akankwatsa | On Friday, Global technology leader TECNO unveiled its AI-powered ecosystem in Uganda. This groundbreaking initiative marks a significant milestone in the country’s technological advancement and underscores TECNO’s commitment to providing innovative solutions that enhance the lives of Ugandans. The showcase featured the company’s latest innovations, including …
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Kampala, Uganda | THE INDEPENDENT | FINCA Uganda is the newest player to acquire a bancassurance license from the Insurance Regulatory Authority (IRA). The license was handed over by Bernard Obel, the director for supervision at IRA ON Oct.4 in Kampala. This significant milestone empowers FINCA to deliver a comprehensive …
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Amuru, Uganda | THE INDEPENDENT | Atiak Sugar Factory in Amuru District is seeking additional government financing to install water pipelines from the River Nile to support irrigation for sustainable sugarcane cultivation and sugar production. This request comes after the government’s injection of 108 billion shillings in a supplementary budget …
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This becomes the fifth concession acquisition in the past seven years Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited (UEDCL) has officially taken over Kilembe Investments Limited (KIL), a rural power distributor in Uganda’s Western Service territory, marking the fifth concession acquired by UEDCL. The handover ceremony, held …
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Kampala, Uganda | THE INDEPENDENT | Standard Chartered Bank Uganda and Prudential Uganda have concluded a strategic partnership aimed at deepening access to financial services and providing long-term financial security solutions to customers. This collaboration marks a significant milestone in both organizations’ commitment to enhancing financial inclusion and delivering …
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Kampala, Uganda | LOUIS JADWONG & AGENCIES | After last month’s foray into Africa, plans for Uganda Airlines to launch new international flights to London Gatwick by the end of 2024 are well on track. A report on @ukairport24 indicates that Uganda Airlines is already seeking to recruit a station and …
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Kampala, Uganda | THE INDEPENDENT | The Airtel Masaza Cup 2024 final game will be played at the Mandela National Stadium on November 2, it has been announced in Bulange today by Buganda Sports Minister Robert Sserwanga. The tournament, which started in June this year, is now at the semifinal …
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Kampala, Uganda | IAN KATUSIIME | At the 13th mineral wealth conference organized by Uganda Chamber of Mines and Petroleum, there was an urgent call from everyone: we need more funding. A national mining company is in the works and so investors are positioning themselves to tap into the country’s …
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The Independent Uganda: You get the Truth we Pay the Price
