The “Beera Steady, Be Better” campaign has led to an 86% reduction in fraud incidences Kampala, Uganda | JULIUS BUSINGE | Fintech firms, MTN Mobile Money Uganda Ltd and Airtel Money Commerce Uganda Ltd, have collectively reported a remarkable Shs 452.7 billion in profit after tax for the year ended December …
Read More »Uganda’s biggest banks record bumper profits amidst industry turmoil
Six banks adjust growth strategies, as Equity Bank dips into a loss territory Kampala, Uganda | JULIUS BUSINGE | Uganda’s biggest banks recorded bumper profits in 2023 amidst industry turmoil that forced smaller banks to either divest their shares or voluntarily downgrade to credit institutions in response to the regulator’s revised …
Read More »Insurers Association rewards agents
Kampala, Uganda | THE INDEPENDENT | The Uganda Insurers Association (UIA) has expressed optimism that recognizing top-performing industry agents will significantly boost insurance penetration and contribute to the sector’s overall growth. During the 13th Annual UIA Insurance Agents Awards held on April 26 at Speke Resort Munyonyo, UIA’s Chairman of the …
Read More »Huawei holds Cloud Enterprise Summit for SMEs
Kampala, Uganda | THE INDEPENDENT | On May 2, tech giant, Huawei Technologies held a Cloud Enterprise Innovation and SME Summit 2024 in Kampala where over 100 industry startups, fintechs, venture capitals, government organizations, and key strategic partners unanimously agreed that SME development is only possible when technology is embraced. Charles …
Read More »MTN Uganda firms market grip with 500,000 new customers
Kampala, Uganda | THE INDEPENDENT | MTN Uganda has strengthened its grip on the mobile networks market, growing its new customer base by more than 500,000 in the past four months to hit 20 million. The telecom company’s subscribers stood at 19.5million as at the end of December 31, 2023, according …
Read More »Social media drives schoolgirls to depression, says expert report
There was no cross-associations between well-being and their social media usage among boys Kampala, Uganda | RONALD MUSOKE | Girls who use social media for an hour or more on a school day have been found to have lower levels of well-being than those who use less, according to the latest …
Read More »UK sanctions damage Speaker Anita Among
What it means for her second term prospects COVER STORY | IAN KATUSIIME | Since the UK announced a barrage of sanctions against the Speaker of Parliament Anita Annet Among, there has been an attempt by her supporters and some government of Uganda officials to put a brave face to her …
Read More »Uganda’s self-inflicted wounds
How reliance on misguided cultural and nationalistic sentiments are driving Uganda into a bad debt situation THE LAST WORD | Andrew M. Mwenda | Our country is headed directly into the storms of economic crisis. And it is unlikely it can pull itself back from the brink. This is because too much sentiment …
Read More »Elon Musk vs Australia
Global content take-down orders can harm the internet as we know it today if they are adopted widely COMMENT | DAN JERKER B. SVANTESSON | Do Australian courts have the right to decide what foreign citizens, located overseas, view online on a foreign-owned platform? Anyone inclined to answer “yes” to this …
Read More »The West is hastening its own decline
It should abandon its strategic overreach vis-à-vis Russia and turn its attention to its real rival, China COMMENT | BRAHMA CHELLANEY | Since Russia launched its full-scale invasion of Ukraine more than two years ago, the West has desperately sought ways to punish Russia without harming itself in the process. It …
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