Business

Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda paid out over 820.1 billion shillings to various customers in claims in 2023. The Insurance Regulatory Authority of Uganda (IRA) said the payments amounted to more than half (51.17 percent) of the total amount of money that the insurance policy …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank recently marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses’. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, …

Arua, Uganda | THE INDEPENDENT | Equity Banks’s Enterprise Development and Financial Inclusion program has held the hand of  2191 women as they started their journey in business growth last year. The join up to 100,000 women and youth who have graducated, expanded their business and diversified and improved their personal …

ITC statistics show that trade between Africa and the Caribbean is limited and concentrated in a few sectors, notably minerals and chemicals ANALYSIS | ISAAC KHISA | African-Caribbean trade ties have remained largely unexplored for many years, despite a shared history and culture. Both regions have historically focused on solidifying relationships …

Kampala, Uganda | THE INDEPENDENT | The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note, having surpassed their set targets. The Fund’s Managing Director, Patrick Ayota said a preliminary analysis shows that performance on the key indicators will surpass annual targets. “We have …

Kampala, Uganda | THE INDEPENDENT | Uganda’s motor vehicle industry has been recognised by the SAE (the Society of Automobile Engineers) International, allocating it the World Manufacturers’ Identifier (WMI). SAE International is the leader in connecting and educating mobility professionals to enable safe, clean, and accessible mobility solutions. The global association …

COMMENT| Gabby Asare Otchere-Darko | For over sixty decades, from the Mali Empire through to the OAU Summit of May 1963 and incrementally to date, African unity has remained but a collective dream. One that has been sustained more by a recognition of its essence rather than a conviction for its …

KAMPALA, Uganda | Xinhua | Uganda said Wednesday that its first shipment of oil has docked at the Kenyan seaport of Mombasa as Kampala moves away from importing the critical commodity through third parties. Uganda National Oil Company (UNOC), a state-run oil agency, said in a post on X, formerly …

Luwero, Uganda | THE INDEPENDENT | Minister of State for Kampala Capital City and Metropolitan Affairs Joseph Kyofa Kabuye has hailed Equity Bank for supplementing government’s drive to boost wealth creation in the Luwero region. Kyofa Kabuye acknowledged  government’s efforts in creating a conducive environment for entrepreneurship, that Equity Bank is using …

Kampala, Uganda | THE INDEPENDENT | Ibrahim Kato is PostBank Uganda Limited’s new Chief Retail Officer. According to a statement from the bank, Kato will be responsible for the formation and execution of the bank’s business growth strategy across distribution channels, fintech business, aales, and bancassurance. “Ibrahim currently oversees the bank’s retail …