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The Independent

Civilians can now buy armoured vehicles from NEC

Nakasongola, Uganda | THE INDEPENDENT | The National Enterprise Corporation (NEC), the business arm of the UPDF, has, in conjunction with STREIT (U) Ltd, launched their first armoured vehicle showroom outside their Nakasongola factory. NEC-Streit, a joint venture between the two companies, was formed in 2022 to produce armoured vehicles, …

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Electoral Commission asks court to dismiss Nambi petition

Kampala, Uganda | THE INDEPENDENT | The Electoral Commission has filed its defence in response to a petition by Faridah Nambi Kigongo, challenging the victory of Elias Nalukoola Luyimbazi in the Kawempe North by-elections. The Commission has denied all allegations of irregularities that were levied against it by Nambi.  She …

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PostBank’s agribusiness loan book growth up 24%

Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has recorded a 24% growth in its agribusiness loan book between 2023 and 2024, reflecting the bank’s robust commitment to transforming Uganda’s agricultural sector. “This growth is a testament to the success of PostBank’s strategic shift toward value chain financing and risk …

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