Business

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 …

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, …

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 …

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. …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Delegations of at least 80 development finance instructions (DFIs) from Africa are due in Kampala next week for a benchmarking tour on Sustainability Standards. The benchmarking visit is organized under the umbrella African Association of Development Finance Institutions (AADFI) in cooperation with the European Organisation …

Partnerships Key to Overcoming Challenges in Digital Inclusion Kampala, Uganda | THE INDEPENDENT | Mastercard’s Community Pass is set for a major expansion, with its success attributed to strategic partnerships and collaboration with stakeholders. Launched in Uganda and rapidly gaining momentum, Community Pass serves as a beacon for overcoming challenges …

Continental lender recently introduced the Emergency Agricultural Production Project  in the East African nation BURUNDI | RONALD MUSOKE | For many Burundian smallholder farmers, the bumper maize harvest they are currently witnessing is all due to the intervention of a project initiated by the African Development Bank Group (AfDB) which offered …

Kampala, Uganda | THE INDEPENDENT |  The Civil Society Budget Advocacy Group (CSBAG) has called on government to enforce mechanisms aimed at controlling the increasing domestic arrears. Led by the programme advisor, Jeff Wadulo, the group expressed concern that the rate at which the arrears have accumulated is worrisome and …