Business

Excise duty ✅ Increase excise duty on petrol by Shs 100 per litre. ✅ Increase excise duty on diesel by Shs 100 per litre. ✅ Increase excise duty on imported wines from 80 percent or Shs 8,000 per litre to 100 percent or Shs 10,000 whichever is higher Winners ✅ …

✅FY 2024/25 is the 5th & final implementation year of NDP3. NDP4 will implement the first 5 years of the strategy for growing the economy 10-fold. ✅The economy sustained recovery from the effects of COVID-19,growing at about 6% in FY 2023/24,compared to 5.3% in FY 2022/23 & 4.6% in FY …

COMMENT |  ICRA RATING | As the global focus on sustainability and corporate responsibility continues to grow, banking institutions must adapt to meet the evolving expectations of customers, investors, and regulators. In today’s rapidly changing business landscape by embracing ESG principles, banks can mitigate risks associated with environmental, social, and …

Kampala, Uganda | THE INDEPENDENT | In a bid to empower individuals with better access to micro-loans and savings, NCBA Bank Uganda, and MTN MoMo have joined forces to launch the “Mo Money with Mokash” campaign. The campaign, running for the next eight weeks, started on May 15 and aims to …

  Kampala, Uganda | THE INDEPENDENT | Tshidi Ramogase, the Coca-Cola Beverages Africa (CCBA) Chief Public Affairs, Communication, and Sustainability Officer has reechoed the firm’s commitment to operate business while protecting the environment to achieve its sustainability agenda. “Our sustainability strategy is centered around people—consumers and our employees—and driving sustainable …

Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector has recorded improvement in the business operations and performance over the month of May compared to the situation in April, according to an expert study. The higher rate of activity by companies was mainly driven by the continued recovery of consumer …

Kampala, Uganda | THE INDEPENDENT | Kenya Airways and the Kenya Tourism Board have awarded two lucky winners at the Pearl of Africa Tourism Expo (POATE), with return tickets to Nairobi and Mombasa, for a two-day fully paid fun trip. Robert Onega of Hannah and Hannah Tours won a return trip …

Kampala, Uganda | PATRICIA AKANKWATSA |  Ecobank Group has announced the launch of the 7th edition of its highly anticipated Ecobank Fintech Challenge. This annual competition serves as a launchpad for African fintech startups and developers, both domestic and those with a global focus on Africa, to unlock significant funding, …

Kampala, Uganda | THE INDEPENDENT | Creativity, innovation, and entrepreneurial skills were exhibited as the 2024 Stanbic National School’s five-day Boot Camp recently ended; it said in a statement. Francis Karuhanga, the chief executive of Stanbic Uganda Holdings Limited said, “I want to take this opportunity to thank the Ministry of …