Business

Kampala, Uganda | PATRICIA AKANKWATSA | UAP Life Umbrella Retirements benefits scheme held a hybrid Annual General Meeting on 16th June 2024 where they declared 12.7% interest. The annual general meeting was opened by Ramlah Nantongo, on behalf of the scheme Trustee, KCB Bank who welcomed the online and the physical …

Masaka, Uganda | THE INDEPENDENT | Uganda Baati Limited has officially launched its 13th showroom in Masaka City.  According to officials, this is a strategic move by the company, aiming to bring its products and services closer to customers while catering to the growing demand for long-lasting and quality building …

Kampala, Uganda | THE INDEPENDENT | The FY2023/24 budget presents both challenges and opportunities but through open and constructive engagements, Ugandans can navigate through these times effectively, according to Mumba Kalifungwa, the Managing Directro for Absa Bank Uganda. Kalifungwa was speaking at a budget breakfast meeting held in Kampala on …

Nigeria’s President Bola Tinubu set the tone for the country’s energy future by signing the electricity bill into law shortly after taking office. His actions could signal a new path for Nigeria. SPECIAL FEATURE | BIRD AGENCY | Nigeria’s new energy bill, which updates the Electric Power Sector Reform Act …

  Kampala, Uganda | THE INDEPENDENT | Equity bank has launched its latest credit product- Eazzy Stock financing.   Eazzy Stock is a digital credit product designed to empower businesses by providing them with the opportunity to unlock the value of their goods and access much-needed capital for growth and …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …

Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt to GDP will reduce by the end of this financial year as the government tries to ensure economic stability and future growth. According to Finance Minister, Matia Kasaija, Uganda’s public debt stood at 80.2 trillion shillings or over twenty-one billion dollars …

Entebbe, Uganda | THE INDEPENDENT | The new Uganda Airlines will make its inaugural flight for the annual Muslim pilgrimage to Mecca, the holiest Muslim city in Saudi Arabia. In a statement issued on Thursday, Uganda Airlines describes the flight as a significant milestone for the national carrier after 40 years …

Kampala, Uganda | THE INDEPENDENT | Finance Minister Kasaija is delivering the  budget speech for FY 2023/24 at a Parliament Session at Kololo. President Yoweri Museveni is following the proceedings on TV and is expected to address the session virtually. Kasaija said the economy this year is projected to have grown …

Kampala, Uganda | THE INDEPENDENT | The insurance industry has declared the direct effects of the COVID-19 pandemic on the business behind them, following sustained growth in premiums raises and claims paid. According to the figures, the industry remained on a positive growth path in 2022, with Gross Written Premium …