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UDB net profit up 17% to Shs50bn in 2023

               Kampala, Uganda | THE INDEPENDENT |  Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution and the Best Bank in East Africa 2024, has today announced its 2023 annual performance, highlighting its continued role in fostering economic resilience and sustainable growth across key sectors of the economy. In …

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FINCA MD urges on data usage

Kampala, Uganda | THE INDEPENDENT | James Onyutta, Managing Director, of FINCA Uganda, gathering data about customer preferences, market trends, and industry dynamics, can help businesses make decisions based on facts rather than assumptions or intuition. “Using research has opened our eyes to many opportunities and helped us solve numerous business …

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UBL, KCCA commission sanitation facility

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries in partnership with the Kampala Capital City Authority (KCCA) has commissioned a Shs130m new sanitation block in Bukoto market, one of the suburbs of Kampala which currently has a population of about 500 people. This newly commissioned block is intended for use by …

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URA destroys 180 tons of smuggled goods

Luwero, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has destroyed 180 tons of smuggled goods The items that were destroyed at Luwero Industries include cosmetics, used underwear garments, beer, wines, and spirits, computers, and drugs, among others. “These items were confiscated and collected over some time, more than …

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