OPINION | George Arodi | On a warm May afternoon in 2007, during a critical dialogue between the Kenya Association of Manufacturers (KAM) and the Ministry of Trade and Industry, the late Hon. David Nalo, then Permanent Secretary for Trade, made a thought-provoking remark: “Our embassies should be more than ceremonial. …
Read More »BoU holds CBR at 9.75% to sustain inflation stability and drive growth
Potential global inflationary pressures, geopolitical tensions, and tightening global financial conditions could pose upside risks to inflation Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.75%, signaling confidence in the stability of domestic inflation and economic activity despite global …
Read More »Who are Uganda’s influential Indian business families?
Despite being expelled by Idi Amin in the 1970s, Ugandans of Indian descent today make an outsize contribution to the country’s economy. All you need to know about the families that matter. Kampala, Uganda | AGENCIES | At the India-Uganda Trade Mission organised in October by Equity Bank, Minister for Trade …
Read More »New online tool to combat money laundering in Uganda
Kampala, Uganda | JULIUS BUSINGE | Africa Risk Management and Compliance Partners (ARMC) has unveiled the E-Learning Hub Tool, an innovative platform designed to enhance training on combating money laundering, terrorism financing, and proliferation financing. The tool, launched during a workshop in Kampala on November 15, allows organizations to deliver flexible, …
Read More »MTN Uganda records 29.6% surge in profits to Shs 460bn in 9 months
This strong performance allowed MTN Uganda to declare a second interim dividend of Shs 7.5 per share Kampala, Uganda | THE INDEPENDENT | MTN Uganda has recorded a significant 29.6% increase in profit after tax, reaching Shs 459.4 billion for the nine months ending September 30, 2024. The robust growth is …
Read More »Stanbic PMI shows good business in October
Kampala, Uganda | THE INDEPENDENT | The latest Stanbic Purchasing Managers’ Index (PMI) data reveals a sustained expansion in Uganda’s private sector for the seventh consecutive month, as business activity and new orders continue to rise. The headline PMI for October recorded a value of 52.9, slightly down from September’s, yet …
Read More »Uganda as a Business: Are we unintentionally shaped by colonial legacy?
COMMENTS | Gertrude Kamya Othieno | On Uganda’s recent Independence Day, I had a thought-provoking conversation with a young Uber driver. When I asked him how he felt about celebrating Independence Day, he replied, “Uganda feels more like a business than a home.” His sentiment was not one of detachment from his …
Read More »Brand Africa survey: We trust our local brands but prefer foreign ones
African brands must focus on visibility, accessibility, and quality improvement Kampala, Uganda | PATICIA AKANKWATSA | Sixty-five percent of Ugandans have confidence in their local brands, but only 35% consume them, according to the latest Brand Africa survey, highlighting a significant gap between trust and purchase behavior. This pattern mirrors broader …
Read More »Embrace digitalization for enhanced efficiency, SACCOs told
Kampala, Uganda | THE INDEPENDENT | Savings and Credit Cooperatives (SACCOs) have been urged to adopt digitalization to improve operational efficiency and attract financial support. This call was made during the launch of a training program for SACCO leaders from the Kampala Metropolitan districts at the Stanbic Incubator offices in Kololo. …
Read More »OPINION: Building a successful side business without sacrificing your career
OPINION | Emelyne Bitanga | Juggling a side business and a full-time career can seem like an impossible task. However, many professionals are proving that this ambitious endeavor is not only achievable but also incredibly rewarding. While a career often involves working for an organization to build skills, climb the corporate ladder, …
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