Artist deeply engages audience with the concept of the regular working woman ART | DOMINIC MUWANGUZI | Kafunda in Ugandan speak is generally a small working space on the roadside. The phrase Mama Kafunda is usually used on regular working women typically from humble social settings. Their work space will include …
Read More »The life of a community’s only ‘animal doctor’
When Mary Gargule was forced to leave school in grade seven, she would never have guessed that her little education would one day help her become one of the most respected – and needed – members of her community SPECIAL REPORT | BIRD AGENCY | Born and raised in the village …
Read More »Chinese lending to Africa remains below $2bn for second consecutive year
While lending levels may remain low, China is likely to sustain engagement with Africa via commerce and diplomacy Kampala, Uganda | RONALD MUSOKE | Chinese lending to African nations has remained below $2 billion for the second year in a row, according to data from Boston University’s Global Development Policy Centre’s …
Read More »NSSF revenues up 15% to Shs2.2tn
The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …
Read More »KCB unveils The KCBU Agent App
Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda has unveiled The KCBU Agent App, its banking application that promises improved, faster, easily accessible and timely service delivery to customers looking for convenient financial services. The App will widen KCB’s footprint in Uganda in over 150 agent locations countrywide. The platform …
Read More »Stanchart relaxes conditions for employees
Kampala, Uganda | THE INDEPENDENT | Standard Chartered recently announced the rollout of enhanced global parental leave benefits that will also benefit its employees in Uganda effective September 1, 2023. The Bank will standardise the amount of parental leave it offers, providing parents the option of undertaking more equitable caregiving responsibilities …
Read More »Afreximbank records 8% asset growth
Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has recorded an 8% growth in assets to $30.1 billion for the six months ending June 30, 2023, driven by an increase in loans. The lender recorded a substantial growth in total interest income, which soared by an impressive …
Read More »Old Mutual Investment group launches dollar unit fund
Kampala, Uganda | THE INDEPENDENT | On Sept.21 Old Mutual Investment Group launched the first-ever dollar unit fund in Uganda, a move aimed to diversify and add to the quality of the investment opportunities on the market. The account was launched with an effective 5% annual interest rate, compared to the …
Read More »Uganda Airlines latest move
Kampala, Uganda | THE INDEPENDENT | Uganda Airlines is set to start direct flights to Mumbai, India on 7th October 2023. Mumbai will bring the number of international flights by the national carrier to two after Dubai, with Guangzhou, China also planned in November, according to the management. The airline, code …
Read More »Behind the ‘back to school plague’
First days of the term often mean full sickbays in schools Kampala, Uganda | EVELYN AINEMBABAZI | Parents are often confused by the changes and diseases children are diagnosed with during the first days of reporting back to school for a new term. This is in most cases physically seen among children …
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