Friday , March 14 2025

Business

Business news

Ugandan contractors to benefit from Shs150bn initiative at UDB

Kampala, Uganda | THE INDEPENDENT |  Uganda Development Bank has announced a Shs150 billion financial commitment earmarked to provide affordable and patient financing to Ugandan contractors, executives said on Oct.2. Dubbed the Ugandan Contractors Financing Initiative, the financing complemented by Business Advisory and Project Management advice services will support Ugandan …

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AfDB launches US$1bn climate insurance facility

Africa is expected to be disproportionately affected by climate change, despite accounting for less than 3% of the world’s energy-related carbon dioxide emissions ANALYSIS | AGENCIES | The African Development Bank (AfDB) has unveiled an insurance facility that aims to raise an initial US$1bn in financing to support countries on the …

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NBL launches responsible drinking campaign

Kampala, Uganda | THE INDEPENDENT | AB InBev’s Ugandan unit, Nile Breweries Limited, has launched a campaign to promote responsible drinking. Running under the tagline “Enjoy Like a Boss – Be a Champion of Moderation,” the campaign seeks to induce self-moderation in consumption through creating awareness about the dangers associated with …

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Uganda’s aviation sector passes latest ICAO safety

Kampala, Uganda | THE INDEPENDENT | Uganda’s aviation sector scored 72.17% in an on-site audit conducted by the International Civil Aviation Organization (ICAO) said the Minister of State for Transport, Fred Byamukama on Sept.28. Byamukama said the international audit was undertaken to evaluate the effectiveness of Uganda’s safety oversight systems in …

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Buganda Kingdom boosts Airtel Uganda IPO

Kampala, Uganda | THE INDEPENDENT | Buganda Kingdom has demonstrated its commitment to the Kingdom’s economy and cooperation with key market players by undertaking a substantial investment in Airtel Uganda’s Initial Public Offering (IPO). Charles Peter Mayiga, the Kingdom’s Prime Minister pledged to procure 2 million shares on behalf of the …

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