Business

Kampala, Uganda | THE INDEPENDENT | Uganda Baati has been named the Community Development Champion of the Year at the 2nd Annual Private Sector Gala, an award recognizing the company’s profound impact on communities through its Corporate Social Responsibility (CSR) initiatives under the Safal Uganda Baati Foundation. Guided by its four …

Kampala, Uganda | THE INDEPENDENT | Ecobank, in partnership with Malaria Free Uganda (MFU), the Ministry of Health, and other key stakeholders, donated critical blood bank equipment valued at Shs1.3 billion to the Uganda Blood Transfusion Services (UBTS). This generous contribution is aimed at enhancing UBTS’s capacity to address the urgent …

Kampala, Uganda | THE INDEPENDENT | Electrify Africa, a leading innovator in electric mobility solutions, officially launched in Kampala today, as they started what experts see as a revolutionary step toward transforming Uganda’s electric mobility landscape. “From empowering individuals to own EV chargers to creating a seamless ecosystem for electric vehicles, …

KAMPALA, UGANDA | THE INDEPENDENT | Absa Bank Uganda has today handed over cash prizes worth UGX 50 million to 5 lucky winners in the ongoing card usage campaign dubbed “UGX 200 million can change your story”. The five winners used their debit or credit cards for at least five …

Single mother of five wins over Sh105 million Powerball Jackpot with the Uganda National Lottery Kampala, Uganda | THE INDEPENDENT |  Lilian Nansoke, a single mother of five from Nakawuka, Wakiso District, has emerged as the winner of over sh105 million in the POWERBALL draw number 51, held on November …

Uganda and Dubai Chambers of Commerce build stronger economic ties at the “Doing business with Uganda” forum Kampala, Uganda | THE INDEPENDENT | The “Doing Business with Uganda” forum, held as part of a Uganda-Tanzania Roadshow at the Sheraton Hotel in Kampala, showcased significant opportunities for enhancing trade, investment, and …

The recent fourth edition of Equity Group’s Trade Mission, held in Kinshasa and Lubumbashi, brought together delegates from East Africa, including Kenya, Uganda and Tanzania Kinshasa, DRC | THE INDEPENDENT | The Democratic Republic of Congo (DRC), with its immense natural resources and dynamic economic sectors, is fast becoming a pivotal …

Kampala, Uganda | THE INDEPENDENT | Mumba Kenneth Kalifungwa, a seasoned Zambian accountant and corporate executive is poised for the top job at Stanbic Bank Uganda. Currently Managing Director at Absa Bank Uganda, Kalifungwa has been successfully vetted and will be the Chief Executive of Uganda’s largest bank by assets …

  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 …

SpaceX’s internet service offers faster connectivity and plays a positive role in developing underserved regions by providing coverage to rural areas that previously lacked access. However, it employs few locals and faces regulatory issues ANALYSIS | PATRICIA R. BLANCO | The arrival of Starlink in Africa has shaken up the continent’s …