Business

Johannesburg, South Africa | THE INDEPENDENT | Absa on Monday launched its repositioned brand to the market signalling a shift to being a more deliberately customer-centric business with the new brand promise of ‘Your Story Matters’. According to Arrie Rautenbach, Group CEO of Absa, the bank has set a clear trajectory …

This development is anticipated to lead to a decline in cement prices, which have risen from Shs 28,000 in 2018 to currently exceed Shs 33,000, varying by manufacturer and application Kampala, Uganda | JULIUS BUSINGE | Uganda has granted a 21-year Large-Scale Mining License LML0344 to Sunbird Resources Limited to mine …

COMMENT | BY JAMES MUBIRU | The new year is a few months in. You’ve probably looked up and down your resolution list and aren’t happy with yourself. You feel incompetent. You feel cheated! 60 days are gone, and those abs are not here yet; and you have no contribution …

Ethiopia and Uganda already developing strategies to meet the  EU’s new  requirements ANALYSIS | AGENCIES | Many African smallholder coffee farmers, who primarily sell their harvest to European markets, now find their main source of income in jeopardy. In 2023, the European Union (EU) established mandatory rules for companies dealing in …

New project will save Uganda $2.5m of monthly energy costs Kampala, Uganda | IAN KATUSIIME | Power supply in northern Uganda could finally be stable and efficient after Uganda Electricity Transmission Company Limited (UETCL) commissioned a 132KV transmission project at the Agago sub-station in Pader District. Named the Gulu Agago power …

Kampala, Uganda | THE INDEPENDENT |  MTN Uganda’s corporate social responsibility arm, MTN Foundation, has facilitated the graduation of 156 youths from its prestigious Computer Applications User Occupation and vocational and business skills programs as it continues with its journey to enhance diversity, equity and inclusiveness in the communities. The  …

Initial listing in 2020 followed accusations of an inadequate commitment to tackling money laundering activities and terrorist financing Kampala, Uganda | THE INDEPENDENT | Uganda has been officially delisted from the Financial Action Task Force’s (FATF) “grey list,” a catalog of jurisdictions under scrutiny for inadequate measures against money laundering and …

Kampala, Uganda | JULIUS BUSINGE | On Feb.22, NCBA Bank unveiled its revamped Premier Banking offering, targeting premier banking customers, prospects, and high-value stakeholders. The key features of the enhanced offering include extended banking hours at select branches, allowing customers to enjoy greater convenience. Additionally, customers now have access to online …

Kampala, Uganda | THE INDEPENDENT | Ugandans are now able to open, monitor and do their banking transactions in other countries, without having to fly out. This follows the launch of International Banking by Standard Chartered, in a move aimed at connecting their branches in more than 20 countries, including Uganda. …

NAIROBI, KENYA | Xinhua | Bond trading at the Nairobi Securities Exchange (NSE) has hit a record high, boosted by foreign investors seeking to cash in as yields on the securities rise. NSE data released Thursday evening showed that the bond turnover has been on an upward trajectory since Monday …