Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda and the Deposit Protection Fund (DPF) issued a roadmap for the payment of depositors at microfinance company EFC Uganda, now under liquidation. According to the plan, and the laws, DPF will pay the protected depositors, or those with deposits not more …
Read More »
Kampala, Uganda | THE INDEPENDENT | The state has this week taken over criminal proceedings against businessman Patrick Bitature and his wife Carol Bitature in a $26m commercial dispute with South African money lender Vantage Mezzanine Fund 11 Partnership. The intervention by the Director of Public Prosecutions (DPP) comes after Kirunda …
Read More »
NAIROBI, KENYA | Xinhua | The Kenyan shilling traded at a new low of 161.4 against the U.S. dollar on Tuesday, the Central Bank of Kenya (CBK) said on Tuesday, as it continued with its free fall against major global currencies. The local currency crossed the psychological 160 mark against …
Read More »
Alpha MBM Investments LLC enters refinery negotiation with Uganda Kampala, Uganda | THE INDEPENDENT | Alpha MBM Investments LLC, a UAE-based company has entered negotiations with Uganda over investing in their refinery project. The company is said to be an investment arm of a prominent member of the Royal family of …
Read More »
Africa has a combined SACCO membership of more than 43 million, holding about USD 24.5 billion in assets Kampala, Uganda | ISAAC KHISA | In an ever-evolving financial landscape, Savings and Credit Cooperative Societies (SACCOs) are emerging as impactful entities, harnessing influence grounded in community trust and convenience to bring about …
Read More »
Commuter towns on the outskirts of the city are gaining traction, as more people opt for a quieter, calmer, and more suburban living Kampala, Uganda | THE INDEPENDENT | Rental rates in Kampala have increased by up to 12% across various property segments, reflecting increased demand attributed to improved economic activities, …
Read More »
Kampala, Uganda | THE INDEPENDENT | Finance Trust Bank (FTB) has opted to sell an 80% stake to Access Bank PLC, a prominent Nigerian lender operating across more than 20 countries, following the Bank of Uganda’s decision to raise minimal capital requirements for financial institutions. The move, subject to regulatory approvals …
Read More »
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda, in collaboration with the TECNO Mobile Uganda, and StarTimes, launched the SPARK 20 Pro+, an exciting addition to its popular SPARK 20 Series. This was during a recent launch held in Kampala officiated by the Minister of ICT and National Guidance, Chris Baryomunsi. …
Read More »
Kampala, Uganda | THE INDEPENDENT | MultiChoice Uganda executives say their Step-Up campaign, which was announced on Jan.16 is set to elevate their DStv and GOtv subscribers’ viewing experience. This initiative aims to reward and elevate the entertainment experience of MultiChoice subscribers by automatically upgrading them to a second higher package …
Read More »
Buhweju, Uganda | THE INDEPENDENT | Tea farmers in Buhweju district are seeking compensation of over three billion Shillings from the Igara Growers Tea Factory. They claim to have provided the factory with green- tea leaves over four months but have not received payment. Nicholas Abenaitwe, a tea farmer, expresses the …
Read More »
The Independent Uganda: You get the Truth we Pay the Price