Experts want the government to offer incentives to bolster the sector’s growth Kampala, Uganda | JULIUS BUSINGE | Private sector players have called on the government to offer incentives to players in the mining sector to bolster its growth and create opportunities. Frank Mugyenyi, Founder of Global Minerals Africa Development …
Read More »William Sekabembe retires from dfcu
Kampala, Uganda | THE INDEPENDENT | dfcu’s executive director William Sekabembe will leave the Bank at the end of August after serving in different capacities for 11 years. The Board of dfcu hereby announces the early retirement from the Bank of its executive director,” the notice signed by Angellina Namakula Ofwono, …
Read More »MTN MoMo mulls plan to fund agents, merchants
The company’s agents have declined by 5.5% to 162,000 as it continued to execute its agent rationalisation strategy geared towards sustainable growth Kampala, Uganda | PATRICIA AKANKWATSA | MTN Uganda’s subsidiary, MTN Mobile Money Uganda Ltd, plans to partner with financial institutions to extend credit to MTN Mobile agents and merchants …
Read More »Echoes at Amasaka Art gallery
Three young emerging artists use their bodies and biographies as site and material for experimentation Kampala, Uganda | DOMINIC MUWANGUZI | Contemporary art will necessarily require the making of art out of materials that surround us everyday. It is one of the tenets of this type of art that distinguishes it …
Read More »Airtel Uganda to offer 20% stake through IPO
The company will give more preference to Ugandan investors Kampala, Uganda | PATRICIA AKANKWATSA | Airtel Uganda plans to float a 20% stake in the company, equivalent to 8 billion ordinary shares, via an initial public offer (IPO) to be listed on the Uganda Securities Exchange (USE). The operator said that …
Read More »South African businesses to support Uganda government attract FDI
The Bank of Uganda data shows that the value of the country’s exports to South Africa continues to grow albeit at a slow pace Kampala, Uganda | JULIUS BUSINGE | South African businesses in Uganda and key local institutions including MTN Uganda, Absa Bank Uganda, Sanlam, Nile Breweries Limited, Stanbic Uganda …
Read More »COMMENT: The Serbia-Uganda trade deal
It makes perfect sense for two complementary economies that each produce things that the other does not and cannot COMMENT | ODREK RWABWOGO & BRATISLAV STOILJKOVIC | The agreement signed between the two countries in Belgrade last week has breathed new life into a little-known but in fact, long-standing and increasingly …
Read More »Why World Bank funding freeze on Uganda is a mistake
Activists say it is a counterproductive move Kampala, Uganda | RONALD MUSOKE | In a surprising twist, some members of the gay community in Uganda have told The Independent they are not pleased by the recent decision of the World Bank to cut funding to new projects in Uganda because of …
Read More »Housing Finance Bank partners with Airtel
Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank joined PostBank and Pride Microfinance Limited to unveil a partnership with Airtel Money Uganda that will facilitate seamless disbursement of Parish Development Model funds by the Government of Uganda through the Wendi mobile wallet platform. Wendi, powered by PostBank, is an electronic …
Read More »Amazon warns workers staying away from office
Kampala, Uganda | THE INDEPENDENT | Amazon staff in the US received a warning email from the firm for not spending enough time in the office after their attendance was tracked, BBC reported on Aug.11. Some employees were told they were “not currently meeting our expectation of joining your colleagues in …
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