Business

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has announced a new facility that will enable its customers to access an unsecured loan of up to 350 million without any arrangement fees. The campaign dubbed Oil Sorted will be running for the next ninety days. The unsecured loan also covers the …

Kampala, Uganda | THE INDEPENDENT | Deputy Speaker, Thomas Tayebwa, has called for the support of visiting Germany legislators to push the European Union to import more Ugandan coffee. To achieve this, Tayebwa urged the EU, especially Germany to invest in value addition of Ugandan coffee, justifying that Uganda and the …

Kampala, Uganda | THE INDEPENDENT | Makerere University Business School-MUBS together with Multilines International Limited have signed a Memorandum of Understanding (MOU) that will among others create practical opportunities for the students. It is hoped that the initiative will promote academic excellence, especially in logistics and freight industries in the country. …

Dar es Salaam, Tanzania | THE INDPEPENDENT | Kiira Motors Corporation (KMC) has unveiled the all-electric Kayoola EVS Model 2024 at the ongoing 2nd Uganda – Tanzania Business Forum at Johari Rotana Hotel in Dar es Salaam. The Kayoola EVS is a fully electric low-floor bus specifically designed for Urban Mass …

Kampala, Uganda | THE INDEPENDENT |  The Diamond Trust Bank has bid farewell to its former Managing Director, Varghese Thambi, marking the end of his 17-year tenure with the bank. Thambi, who joined DTB in 2007, was hailed by the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, for …

KAMPALA, Uganda | Xinhua | Investors in Uganda have expressed optimism about the business environment, especially in the manufacturing and wholesale trade sectors in the East African country, according to a government report released on Tuesday. The optimism is shown by the Business Tendency Index, which remained above the 50-mark …

Kampala, Uganda | THE INDEPENDENT | 125 vehicles are being held by the Uganda Revenue Authority (URA) in the latest operation targeting the illegal use of foreign registration numbers as well as the red and white plates. The agency says at least 500 million shillings in taxes and penalties will be …

Ntungamo, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has said that the Government is targeting to increase Uganda’s coffee revenue from 1 Billion US dollars to 5 Billion Dollars from the coffee value chain. The President was speaking on Tuesday in Karuhungu Rwashamaire Town Council, Ntungamo District after inspecting …

However, the number of individuals storing cash at home for long-term savings has risen from 27% to 44%, signaling potential distrust in formal financial institutions Kampala, Uganda | THE INDEPENDENT | Mobile money, Savings, and Credit Cooperatives Organizations (SACCOs) have emerged as the leading drivers of financial inclusion, according to latest …

An estimated five million smallholder farmers rely on the industry for jobs and livelihoods in the region Kampala, Uganda | THE INDEPENDENT | The International Finance Corporation, a member of the World Bank Group, has partnered with Absa Group Limited, a South African-based bank intends to extend US$60 million commodity trade …