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 …
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Kampala, Uganda | THE INDEPENDENT | A significant milestone was reached in Uganda’s resource exploration journey with the granting of a 21-year mining license for the Makuutu rare earth project to Rwenzori Rare Metals Limited. This landmark agreement, signed on December 28, 2023, marks the first large-scale mining license issued under …
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The one-billion dollar fund aims to support the African startup ecosystem ANALYSIS | AGENCIES | The United Nations Development Programme (UNDP) launched on Jan.17 the bold and ambitious “timbuktoo” initiative together with African countries. In a special session of the World Economic Forum at its 24th Annual Meeting in Davos, Switzerland, …
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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, …
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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 …
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Fatigue, intrigue, corruption, violence while Museveni lingers on Kampala, Uganda | IAN KATUSIIME | The National Resistance Movement (NRM) is marking its 38th anniversary amidst creeping fatigue, grinding corruption, worsening human rights abuse and the ever present puzzle of succession. The NRM came to power on January 26, 1986 when its …
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Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government levelled serious charges against Hon. Mary Goretti Kitutu, the Minister in charge of Karamoja Affairs, and other three high-ranking officials from the Office of the Prime Minister (OPM). The charges centre around alleged financial mismanagement and corruption, raising concerns about …
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Kampala, Uganda | THE INDEPENDENT | Uganda People’s Congress (UPC) disassociated itself from the ongoing opposition political pressure group to form an alliance for change aimed at ousting the National Resistance Movement (NRM) from power come the 2026 General Elections. UPC says no single opposition political party or pressure group has …
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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. …
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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 …
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The Independent Uganda: You get the Truth we Pay the Price