Business

Equity Bank bags award for promoting financial education and inclusion Kampala, Uganda | THE INDEPENDENT |  Equity Bank Uganda has in the last two years trained 126,107 youth, women, and refugees in financial literacy and entrepreneurship education. Up to 58% of those trained are female, 77% youth and 30% are refugees …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has unveiled its new “Oli Sorted” campaign, offering Ugandans 100% home financing alongside a variety of other financial solutions. This 90-day initiative, timed with the back-to-school season, allows parents to borrow up to Shs 350 million in unsecured personal loans for school fees …

Kampala, Uganda | THE INDEPENDENT | Telecom firm, MTN Uganda, is selling more than 1.5 billion ordinary shares, originally unsold during the initial public offering (IPO), to the public at the current market price of UGX 170 per share. Each investor must purchase a minimum of 1,400 shares. This secondary offer, …

Kampala, Uganda | THE INDEPENDENT | Transparency, accountability, flexibility, and effective communication are critical management ethics that accelerate the growth of companies in line with their running strategic plans. This is the summary of what transpired at the second Institute of Certified Public Accountants of Uganda C-Suite Forum held in Kampala …

Kampala, Uganda | THE INDEPENDENT | Roofings Group is championing the planting of 2,000,000 trees in Kampala Industrial Business Park, Namanve, it said on May 31. In collaboration with Uganda Investment Authority, Ministry of Finance, Planning, and Economic Development, and National Environment Management Authority the initiative aims to mitigate the environmental …

Mbarara, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda has opened its regional offices in Mbarara City. The offices will serve districts in Ankole, Kigezi, Rwenzori, Bunyoro, and Tooro. Daniel Kazibwe, a board member representing the Board Chairperson of PSFU, said that the office will enhance the region’s competitiveness among …

Kampala, Uganda | THE INDEPENDENT | Uganda’s increased headline inflation rate has been attributed to the soaring prices of fresh leaves vegetables and tomatoes. This is according to the Uganda Bureau of Statistics (UBOS) Consumer Price Index (CPI) report for the last 12 months ending May 2024. The report shows that …

Marrakech, Morocco | THE INDEPENDENT | Young Ugandan entrepreneurs have won major deals with Asian technology companies, at the Global IT Exhibition (Gitex) Africa 2024 in Morocco. The three are part of a 15-strong delegation of Ugandan startups from the Youth Startup Academy Uganda (YSAU), and Hive Colab which has played …

ADDIS ABABA, ETHIOPIA | Xinhua | Africa Day, observed on May 25, is a day symbolizing the African struggle for independence and unity. It commemorates the establishment of the Organization of African Unity (OAU) in 1963, now the African Union (AU), which heralded a new era of collective strength and …

120 targeted specialist graduates were employed within a year of graduating and 100 sustainable digital businesses have been created ANALYSIS | AGENCIES | On May 21, the African Development Bank Group’s Board of Directors approved the mid-term review of the Country Strategy Paper (CSP) for Rwanda (2022-2026) in Abidjan, Ivory Coast. …