NEWS

Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) has called upon stakeholders to join forces and prevent Uganda from being relegated back to the anti-money laundering and terrorism financing grey list. The appeal comes just a year after Uganda was removed from the grey list by the  Financial …

Kampala, Uganda | THE INDEPENDENT | Government has presented a Shs40.7 trillion budget for the 2025/26 financial year, outlining significant investments across key sectors to drive economic growth and development. This is contained in the Appropriation Bill, 2025 tabled for its first reading by the Minister of State for Finance …

Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament the Supplementary Appropriation Bill, 2025, aimed at allocating up to Shs4.8 trillion to critical priorities including defence, security and infrastructure. The Minister of State for Finance, Planning, and Economic Development (General Duties), Henry Musasizi, tabled the Bill on behalf …

KAMPALA, UGANDA | THE INDEPENDENT | The International Crimes Division of the High Court was forced to adjourn the hearing of a case involving six suspects accused of attempting to murder Works Minister Katumba Wamala, after one of the suspects, Ramathan Abdulaziz Dunku, suddenly collapsed in the dock during the …

KAMPALA, UGANDA | THE INDEPENDENT | Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million. This was contained in the Special Audit Report for the end of lease and assignment between UMEME Limited and Uganda Electricity Distribution Company …

KAMPALA, UGANDA | THE INDPENDENT | Housing Finance Bank (HFB) hosted a special Iftar dinner at Hotel Africana to express its appreciation to its Muslim staff and customers for their continued support and loyalty over the years. The event held recently was a heartwarming gesture by the bank to honor the …

KAMPALA, UGANDA | THE INDEPENDENT | The Supreme Mufti, Sheikh Muhammad Shaban Galabuzi, has encouraged Muslims to embrace a culture of saving and investing for the betterment of their communities. The Supreme Mufti emphasized the power of collective financial discipline, citing how consistent savings at local mosques could generate substantial investments. …

Kampala, Uganda | THE INDEPENDENT | Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its partnership with Dubai- based carrier flydubai to introduce mobile money payments for its customers in Kenya and Uganda. This move will facilitate seamless transactions for bookings and …

Equity Group reports US$468.7 million profits before tax, driven by strategic diversified growth ✳ Proposed dividend per share of UgSh120 – a payout ratio of 34.5% ✳ Earnings per share increased by 11% to UgSh348 ✳ Asset quality improves by 100 basis points from Q1 2024 to Q4 2024. ✳ …

Sauti Plus Media Hub Unveils ‘Kwiso TV’ Streaming Platform to Boost Ugandan and East African Content Kampala, Uganda | THE INDEPENDENT |  Sauti Plus Media Hub has officially unveiled Kwiso TV – a new streaming platform designed to showcase quality Ugandan and East African films and TV series. The announcement …