Kampala, Uganda | JULIUS BUSINGE | Less than half of local entities have data protection policies, strategies, and frameworks, a new report shows, signaling possible chances of data privacy breaches. The Ernst & Young (EY) report released in Kampala on July 18 following a survey of various entities including financial institutions, …
Read More »dfcu’s new insurance campaign
Kampala, Uganda | THE INDEPENDENT | dfcu Bank has launched a new campaign targeting individuals in the insurance sector. Robert Muhiire who is dfcu Bank’s Principal Officer Bancassurance said the campaign is dubbed ‘Cover with Us’ and will provide a variety of insurance solutions to the Bank’s customers, which can be …
Read More »Absa unveils mobile payement solution for SMEs
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their smartphones as Point-of-Sale machines. The functionality was unveiled during a launch event held at the National Theatre and will enable small businesses to accept card-based …
Read More »Government pumps Shs4.8tn into the economy
PSST Ramathan Ggoobi wants timely execution of government programmes Kampala, Uganda | JULIUS BUSINGE | Uganda’s Ministry of Finance Planning and Economic Development on July.18 released funds for the first quarter of FY2023/24 totalling Shs 4.8 trillion to meet the government expenditures. This represents 9% of the Shs 52.7 trillion …
Read More »MTN Uganda pins Mobile Money growth on the supply chain platform
More than 600,000 customers are now using MTN MoMo as a mode of payment Kampala, Uganda | THE INDEPENDENT | MTN Uganda hopes to grow its MTN Mobile Money business on a newly launched mobile-based supply chain platform that allows businesses in the Fast-Moving Consumer Goods (FMCG) to place orders, generate …
Read More »Ugandans are struggling to make financial transactions in Europe
The Financial Intelligence Authority explains why new EU rules are biting Kampala, Uganda | RONALDMUSOKE | Uganda’s Financial Intelligence Authority (FIA) has come out to allay the fears of some Ugandans who in recent weeks have shared their frustration via social media about their struggle to exchange money while on their …
Read More »Uganda invites South Africans to explore investment opportunities
Kampala, Uganda | THE INDEPENDENT | In a bid to increase trade with South Africa and invites businessmen with interest in East Africa to consider exploring Uganda’s various business and investment opportunities, Uganda through the Uganda High Commission in Pretoria is inviting businesses to explore investment in sectors such as agribusiness, …
Read More »UPDF summoned to parliament
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Anita Annet Among directed the Minister for Defense to provide an explanation for the Uganda People’s Defense Forces (UPDF) establishing a private security company under its business arm the National Enterprises Cooperation (NEC). The move comes after legislators raised concerns, labelling …
Read More »NEMA’s Akankwasah wins ABETO Peace Award 2023
Kampala, Uganda | THE INDEPENDENT | The executive director of the National Environment Management Authority (NEMA) Dr. Barirega Akankwasah is one of the eight awardees of the Always Be Tolerant Organisation (ABETO) peace awards for 2023. The colourful event took place at Hotel Africana in Kampala, Thursday, July 20. ABETO was …
Read More »Male MPs launch platform to advocate for gender-related issues
Kampala, Uganda | THE INDEPENDENT | Male Members of Parliament launched a platform dubbed the Uganda Men Parliamentary Association (UMEPA). The MPs said the forum will bring together Men in the house to advocate for their gender-related issues. Alex Brandon Kintu, the Member of Parliament said the platform has not come to …
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