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BoU: Brace for high interest rates

The financial regulator is in consultation to begin purchasing locally produced gold to bolster its foreign reserves and address challenges in international financial markets Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has urged borrowers to prepare for high interest rates due to tightening financial conditions and increased government borrowing …

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UPPC gains momentum in modern printing and publishing

Kampala, Uganda | THE INDEPENDENT | The Uganda Printing and Publishing Corporation (UPPC) is steadily advancing to meet contemporary printing and publishing demands, following significant improvements to this official government publisher. The 123-year-old printing house, once merely respected as the Uganda Gazette printer, has acquired state-of-the-art printing machinery. Its digitalization efforts …

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Uganda Baati expands market presence with new Luwero showroom

  Luwero, Uganda | THE INDEPENDENT | Uganda Baati Limited has opened a new showroom in Luwero District. Officials have said the expansion marks the company’s 14th showroom nationwide and reinforces its commitment to providing accessible, high-quality products and services to customers nationwide. Located on Plot No. 793 Gulu Road, …

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Coca-Cola Beverages new production line drives growth in region

Kampala, Uganda | THE INDEPENDENT | Coca-Cola Beverages is reaping from setting up Africa’s fastest plastic bottle production line in its East Africa operations. It has a capacity of 67,000 bottles per hour and equipped with state-of-the-art technology such as robotic arms and automated fillers and is now driving efficiency …

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Ecobank unveils ‘KUBA DABO DABO’ for credit and investment access

Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda has unveiled the “KUBA DABO DABO” consumer banking promotion, which is “Double Your Benefits” initiative. This innovative initiative offers comprehensive financial solutions to empower customers and fuel their financial growth. Customers applying for a Personal Loan can also get a Salary Advance …

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