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COMESA and Fidelis set to train business leaders  

  Kampala, Uganda | JULIUS BUSINGE | COMESA Competition Commission (CCC) and Fidelis Leadership Institute (FLI) are set to start training programs in competition law, international trade, and consumer protection in June this year, officials said at the launch of the Competition Law & Consumer Protection Training event held in …

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Targeting small business

Is it the answer to a tax system that’s not bringing in enough revenue? INTERVIEW | MARIA JOUSTE | Uganda, with a fiscal deficit of 5.6% in 2023, has increasingly turned to local resources to make up for its revenue shortfall since the World Bank suspended its funding on August 08, …

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Swineherds amazed with Ugandan pigskin leather products

Kampala, Uganda | THE INDEPENDENT | Younger swineherds from various parts of Uganda have been amazed by the products made out of pigskin leather, seeing it as another avenue to make money from their herds. These products were part of the display at the Piggery Value Chain Symposium, which attracted over …

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Private sector activity picks up April, PMI shows

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity picked up in April amidst prolonged traders’ strike over the government’s enforcement of the Electronic Fiscal Receipting and Invoicing Solutions, a new business survey shows. The Stanbic Bank Purchasing Managers’ Index (PMI) rose to 52.6 in April from 49.3 a month …

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SACCOs, MFIs put Uganda at risk by flouting anti-money laundering rules

Kampala, Uganda | THE INDEPENDENT |  The failure of Savings and Credit Co-operatives (SACCOs) and Microfinance Institutions (MFIs) to comply with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) regulations poses a significant threat to Uganda’s financial integrity on the global stage. Despite being obligated to adhere to AML/CFT regulations like banks, …

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NCBA Bank profit after tax up 17% to Shs27bn

Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda has reported a net profit of Shs27 billion, representing a 17% increase in 2023 from the previous year’s performance of Shs23 billion. The growth was supported by a surge in customer deposits, which rose to Shs567 billion in 2023 up from Shs491 …

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