Business

Nairobi, Kenya | THE INDEPEDEPENDENT | Uganda Development Bank, is named the best bank in East Africa at the 18th edition of the Annual African Banker Awards. The country’s national Development Finance Institution, was on Tuesday named the Regional Bank of the Year – East Africa at the Annual African Banker …

Kampala, Uganda | THE INDEPENDENT | Ugandans hoping to live under their roof have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign dubbed “Oli Sorted” launched May 23. The 90-day campaign which targets the back-to-school season also enabled parents to borrow …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has generated a profit of Shs37.6 billion surpassing their projected revenue of Shs6.989 billion. This revelation emerged during a meeting between officials from UNOC and Members of the Public Accounts Committee (PAC) on Monday, 27 May 2024 where the …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has announced a contribution of Shs42.5 billion to the Uganda Communications Commission’s Universal Service and Access Fund, aimed at developing telecommunications services in underserved areas. This marks a significant increase from last year’s contribution of Shs 36 billion. The announcement was made on …

Kampala, Uganda | THE INDEPENDENT | On May 24, NCBA Bank Uganda opened a new branch in the Namanve Industrial Business Park. Developed by the Uganda Investment Authority, Namanve Industrial Business Park is a thriving hub for manufacturers and home to some of the largest manufacturing firms including Coca-Cola and Rwenzori …

Kampala, Uganda | THE INDEPENDENT | TotalEnergies EP Uganda has reinforced its commitment to creating more opportunities for young people in Uganda to continue making meaningful contributions to their communities. The commitment was made during the company’s commemoration of its over 10 years of Youth Inclusion and Education Initiatives in …

The telecom company paid Shs1.1 trillion to URA in tax revenues compared to Shs 927bn in the previous year as a contribution to the country’s fiscal and economic development goals Kampala, Uganda | THE INDEPENDENT | MTN Uganda is set to pay a record dividend of Shs 403 billion to …

Experts urge authorities to unlock financial and regulatory opportunities to drive growth Dar es Salaam, Tanzania | JULIUS BUSINGE | Uganda and Tanzania’s public and private sectors must address gaps in mining activities to create opportunities aligned with their development plans. Speaking at the 2nd Uganda-Tanzania Business Forum, held in Dar …

Wakiso, Uganda | THE INDEPENDENT | Women have another cause to smile as the World Bank moves to facilitate those in business to help them leap to another level. The US $ 217 million (about Ug shs 900billion) five-year GROW Project will among other things skill women engaged in business before …

DAR ES SALAAM, Tanzania| Xinhua | Tanzania is ready to bolster efforts to enhance cooperation with Uganda in implementing the two countries’ industrialization drive, a Tanzanian official said Sunday. The governments of Tanzania and Uganda agreed to collaborate on implementing the two countries’ industrialization drive on Friday evening when they …