Business

   Vivo Energy Uganda announces Joanita Mukasa Menya as new Managing Director Kampala, Uganda | THE INDEPENDENT |  Joanita Mukasa Menya has been appointed Managing Director of Vivo Energy Uganda with effect from September 1, 2024. Vivo Energy Uganda, the company that distributes and markets Shell-branded fuels and lubricants, announced the …

Wakiso, Uganda | THE INDEPENDENT | Finance Minister, Matia Kasaija says depositors holding accounts with the different should rest assured that their money is insured against risks to the tune of 90%. The deposits are under the Deposit Protection Fund (DPF). Minister Kasaija was speaking at the Conference and Annual General …

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank has taken a significant step toward advancing sustainability in the banking sector by signing the United Nations Principles of Responsible Banking. This is a single framework for a sustainable banking industry developed by collaborating with banks worldwide and the United Nations Environment …

Kampala, Uganda | THE INDEPENDENT |  Equity Bank Uganda, one of the partners of the GROW project which is being spearheaded by the ministry of gender and labour, World Bank and PSFU, have customised several of their services to suit ordinary women interested in loans. Women entrepreneurs will be able to …

Kampala, Uganda | THE INDEPENDENT | KCB Group screened loans worth KShs. 615 billion for environmental and social risks in 2023 as the Bank races to support projects with positive environmental impacts. This constitutes half of the Group’s loan book as of last year’s end, cementing KCB commitment to sustainable finance. …

Kampala, Uganda | THE INDEPENDENT | MTN Foundation, the corporate social responsibility arm of MTN Uganda, has today partnered with Uganda Christian University (UCU) to empower Uganda’s youth with essential digital skills. This follows the signing of a Memorandum of Understanding (MoU) at MTN Uganda, highlighting a shared vision of equipping …

Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda has joined forces with Ria Money Transfer, a global leader in cross-border remittance services, to revolutionize the way Ugandans send and receive money. This strategic partnership will make it easier than ever for the Ugandan diaspora to support their loved ones back home. …

Entebbe, Uganda | THE INDEPENDENT | In a heartwarming gesture that underscores the company’s commitment to empowering local businesses, MTN Uganda on Monday handed over a brand-new pickup truck to Night Ampurire, a hardworking entrepreneur and single mother of five from Entebbe. The handover ceremony took place at Kitooro, Entebbe, with …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has recorded a robust 45% increase in net profit to Shs 42 billion for the first half of 2024, buoyed by significant reductions in credit losses and strategic cost management. This marks a substantial rise from Shs 29 billion in the same period …

What African cities might learn from Hong Kong’s unique land-lease system ANALYSIS | ASTRID R.N. HAAS | Land prices across many African cities are soaring. This is because land is a city’s key asset. As urbanisation progresses, demand for land will rise, and therefore so will land prices, because the supply of land in …