Kampala, Uganda | THE INDEPENDENT | Finance Trust Bank is marking its 38th anniversary, and to crown it, the bank has moved its headquarters from the suburb of Katwe to TWED Plaza, Lumumba Avenue, Nakasero. A ceremony highlighting the move was held on Friday —presided over by Tumubweine Twinemanzi, the …
Read More »Janet Museveni commends Stanbic, House of Lords UK representative for backing women-led enterprises
Kampala, Uganda | THE INDEPENDENT | First Lady and Minister of Education and Sports, Janet Kataaha Museveni, has applauded Stanbic Bank Uganda and a British Peer, Baroness Verma, for backing women-led enterprises with networking and skilling sessions which, she said can help accelerate growth of their businesses. She was speaking virtually on …
Read More »Ugandans survived the COVID-19 lockdown but might not live through the current financial one
COMMENT | Alfred Geresom Musamali | It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement …
Read More »Helpful terms to know about before starting a business
SPECIAL FEATURE | BUSINESS | Starting a business is no easy task. There are so many things to consider – from the initial planning stages to marketing and advertising your business, to maintaining it once it’s up and running. One of the most important aspects of starting a business is …
Read More »IN THE INDEPENDENT: European bias against EACOP
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY European bias against EACOP: Don’t dismiss it. Disprove it THE LAST WORD Inside Museveni’s private favours: How the president’s approach of allocating favours to individual firms has undermined the development of a robust …
Read More »East African businessmen look forward to Ruto Presidency
Kampala, Uganda | THE INDEPENDENT | The ascendency of William Ruto to the presidency of Kenya has raised speculation, and hope, among the people of the East African Community, for better trade and economic relations within the region. The business community will for long remember the troubles that they have faced …
Read More »RapidCollect enables businesses to collect payments across Africa with one account
Kampala, Uganda | PATRICIA AKANKWATSA | Ecobank Group has simplified collections across Africa through RapidCollect. RapidCollect enables Ecobank’s business customers to receive payments from their clients in their home country and across Ecobank’s network of 33 affiliates, instantly and at a lower cost than any other current cross-border solution. RapidCollect …
Read More »PDM cash to go direct to SACCOS
Kampala, Uganda | THE INDEPENDENT | In a bid to curb the embezzlement of the Parish Development Model (PDM) funds, the government will start disbursing the revolving funds directly to Sacco group accounts. The parish Revolving fund is a capitalization grant from the government to SACCOs meant for lending to …
Read More »Ethiopia earns over $560 million from gold exports in 2021/2022 fiscal year
Addis Ababa, Ethiopia | Xinhua | Ethiopia has earned more than 560 million U.S. dollars in revenue from gold exports during the last Ethiopian 2021/2022 fiscal year, which ended on July 7, an Ethiopian official said Wednesday. State Minister of Ethiopia Ministry of Mines Thomas Tut said the bulk of …
Read More »Ghana launches AfCFTA hub to facilitate businesses
Accra, Ghana | Xinhua | Ghana launched its African Continental Free Trade Area (AfCFTA) hub Monday to increase local participation in the continent-wide free trade and facilitate businesses. “The AfCFTA hub is the principal tool for aligning Ghana’s own wide-ranging digitalization policy with the various opportunities presented by AfCFTA,” said Minister …
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