Business

Kampala, Uganda | THE INDEPENDENT | Centenary Bank Managing Director, Fabian Kasi, has emphasized the strategic importance of technology investment in maintaining the bank’s competitive edge, as the institution allocates $15 million to upgrade its core banking IT systems. Kasi, who shared his insights during the 62nd CEO Breakfast Meeting organized …

Kampala, Uganda | JULIUS BUSINGE | Africa Risk Management and Compliance Partners (ARMC) has unveiled the E-Learning Hub Tool, an innovative platform designed to enhance training on combating money laundering, terrorism financing, and proliferation financing. The tool, launched during a workshop in Kampala on November 15, allows organizations to deliver flexible, …

Kampala, Uganda | THE INDEPENDENT | At least 170,000 coffee farmers and value-chain actors have been registered in Uganda’s national database as the country approaches the December 31st deadline to comply with the European Union Deforestation Regulations (EUDR). According to Israel Ssebugenyi, the Technology Development Manager at the Uganda Coffee Development …

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Uganda, Airtel Money, and Credable Group have signed a tripartite agreement to enhance financial inclusion in Uganda with the introduction of a mobile-based consumer banking solution called Kwasa Kwasa. This collaboration enables Airtel Money customers to instantly access affordable, short-term loans …

KAMPALA, UGANDA | THE INDEPENDENT | The government is confident that the cost of internet in the country will drop by up to 50 percent by the end of January, as it strives to empower innovation. The high cost of the Internet has been listed among the main challenges to doing …

  Baku, Azerbaijan | THE INDEPENDENT | The Uganda Development Bank (UDB) yesterday (November 15) convened a high-level meeting with key stakeholders on the sidelines of the 29th Conference of the Parties (COP 29) to foster partnerships aimed at mitigating climate change in Africa and integrating climate considerations into development …

Kampala, Uganda | THE INDEPENDENT | Reach a Hand Uganda (RAHU) in partnership with Sauti Plus Media Hub has launched the Leesu FemPower Project that is dedicated to uplifting and empowering female filmmakers and enhancing Uganda’s film industry. The Leesu FemPower project will provide a platform for young women to share …

The company has declared an interim dividend of Shs 3.5 per share, payable on or before December 12 Kampala, Uganda | THE INDEPENDENT | Kampala-based pharmaceutical firm, Quality Chemical Industries Ltd. (QCIL), has posted an impressive Profit After Tax of Shs 22.05 billion for the half-year period ending September 30, marking …

To allow users time to adapt, the government has set a compliance deadline of December 31, 2024 Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance regulator, Insurance Regulatory Authority of Uganda (IRA), in partnership with the Uganda Revenue Authority (URA), has launched an integrated online platform dedicated to marine and goods-in-transit …

Dr Tumubweine Twinemanzi, noted that the number of Ugandans saving had grown from 54% In 2018 to 60% in 2024. However, savings that are not invested come to naught. Kampala, Uganda | LYDIA MIREMBE | On October 31st, stakeholders in the financial services sector commemorated World Savings Day 2024, with …