Business

Kampala, Uganda | THE INDEPENDENT |  The banking industry registered some strength towards the end of the financial year 2024, despite the closure of two Tier II lenders in the last half of the year. EFC Uganda Limited was closed in January and Mercantile Credit Bank Uganda in June 2024, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy stands to benefit from more Ugandans increasingly embracing financial services according to Old Mutual Investment Group (OMIG) Chairman, Samuel Ssejjaaka. Ssejaaka was speaking at OMIG Annual General Meeting for Uganda’s Unit Trust Holders held at Kampala Serena Hotel on Sept.5, where he updated …

Entebbe, Uganda | THE INDEPENDENT | Allen Kagina, the executive director of the Uganda National Roads Authority (UNRA), reaffirmed the agency’s commitment to implementing Environmental, Social, and Governance (ESG) standards in line with the IFRS Sustainability Disclosure Standards, recently adopted by Uganda. She delivered this message while officially opening the 29th …

Vivo Energy Uganda champions lifesaving cause in the ‘Fueling Hope” nationwide Blood Donation Drive. Kampala, Uganda | THE INDEPENDENT |  Vivo Energy Uganda have partnered with the Uganda Blood Transfusion Services (UBTS) to fuel a nationwide blood donation drive starting this month. It has been dubbed  “Fuelling Hope”. This initiative aims to …

Kampala, Uganda | THE INDEPENDENT | Starlink, the satellite internet service by Elon Musk’s SpaceX, is set to expand its high-speed internet offerings to Uganda, Kenya, and Burundi. The service aims to bridge the digital divide by providing reliable internet access to remote areas where traditional services are limited or …

COMMENT | Gertrude Kamya Othieno | Following my recent essay on China Town and local enterprise in Uganda, reactions have been mixed. While some welcome the availability of affordable goods, it’s crucial to consider the long-term impact on Uganda’s economy and society. The rise of China Town in Lugogo, Kampala, echoes …

  Nairobi, Kenya | THE INDEPENDENT |  Equity Group has unveiled its third annual sustainability report for the year 2023, themed “A sustainable world is a transformed Africa.”  The theme points to the significant role that global substantiality practices can have on transformation of the African continent, a challenge that …

BEIJING | Xinhua |  The ongoing 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) offers an array of side activities for foreign guests who have traveled from afar. When I opened a brochure introducing these activities, I found out that Silk Street, a landmark market in Beijing, was among …

Kampala, Uganda | THE INDEPENDENT | Time is running out first for Uganda to put in place compliance measures with the new European Union regulations against deforestation during coffee production. The EU Deforestation Regulations (EUDR) direct that imports (of about 600 commodities) should bear fruit that they have not been produced …

Kampala, Uganda | THE INDEPENDENT | Uganda’s digital payment landscape is rapidly evolving, with the number of licensed national payment service providers increasing to 34, following the Bank of Uganda’s approval of Californian -based fintech giant Flutterwave. This marks a significant milestone in Uganda’s financial sector, which has seen a sharp …