Business

Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda has reported a net profit of Shs27 billion, representing a 17% increase in 2023 from the previous year’s performance of Shs23 billion. The growth was supported by a surge in customer deposits, which rose to Shs567 billion in 2023 up from Shs491 …

Lessons from Uganda and Tanzania on how universities can support this Kampala, Uganda | DAVID SSEKAMATTE | There is no doubt about it: the world is in the grips of a climate crisis. The headlines are full of reports about extreme weather events and the negative effects of the fossil fuel …

Kampala, Uganda | AGENCIES | Telecom firm, Airtel Africa is in talks for a $200 million loan from the International Finance Corporation (IFC), the World Bank’s arm focused on financing private sector ventures in emerging markets. The African subsidiary of Bharti Airtel plans to utilize the funds to cover its capital …

COMMENT | FLAVIA LWANGA  | Imagine conducting a performance review of over 1,000 employees, and maintaining their performance records manually for reference, this can be a daunting task that not only strains resources but also the task force that manages the process. We can’t deny the fact that this is …

The “Beera Steady, Be Better” campaign has led to an 86% reduction in fraud incidences Kampala, Uganda | JULIUS BUSINGE | Fintech firms, MTN Mobile Money Uganda Ltd and Airtel Money Commerce Uganda Ltd, have collectively reported a remarkable Shs 452.7 billion in profit after tax for the year ended December …

Six banks adjust growth strategies, as Equity Bank dips into a loss territory Kampala, Uganda | JULIUS BUSINGE | Uganda’s biggest banks recorded bumper profits in 2023 amidst industry turmoil that forced smaller banks to either divest their shares or voluntarily downgrade to credit institutions in response to the regulator’s revised …

Kampala, Uganda | THE INDEPENDENT |  Technology is the major catalyst for spurring insurance uptake and penetration in the foreseeable future according to Jubilee Life Insurance’s Diana Ndege Ssempasa. Ssempasa who was speaking at the 13th Annual Insurance Agents Awards held recently at Speke Resort Munyonyo said emerged as the …

Kampala, Uganda | THE INDEPENDENT | The Uganda Insurers Association (UIA) has expressed optimism that recognizing top-performing industry agents will significantly boost insurance penetration and contribute to the sector’s overall growth. During the 13th Annual UIA Insurance Agents Awards held on April 26 at Speke Resort Munyonyo, UIA’s Chairman of the …

Kampala, Uganda | THE INDEPENDENT | On May 2, tech giant, Huawei Technologies held a Cloud Enterprise Innovation and SME Summit 2024 in Kampala where over 100 industry startups, fintechs, venture capitals, government organizations, and key strategic partners unanimously agreed that SME development is only possible when technology is embraced. Charles …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has strengthened its grip on the mobile networks market, growing its new customer base by more than 500,000 in the past four months to hit 20 million. The telecom company’s subscribers stood at 19.5million as at the end of December 31, 2023, according …