Business

  Kampala, Uganda | THE INDEPENDENT |  EFC Uganda has embarked on the process of closing down five of its business service centers, a move that the company said would streamline business processes while leveraging on partnerships in the banking sector, a media statement dated Oct.24 reads in part. EFC …

  Centenary Bank is awarded the best bank 2023. Kampala, Uganda | THE INDEPENDENT |  Centenary Bank has been recognized and awarded as the best bank at the 30th Global Finance awards. In a grand celebration held alongside the IMF World Meetings in Marrakech, Morocco, Centenary Bank has emerged as …

Kampala, Uganda | THE INDEPENDENT | Castrol and RUBiS Energy Uganda have partnered to launch Castrol oil lubricant products in Uganda. Castrol oils are readily available at over 54 RUBiS Energy Uganda stations countrywide, executives said on Oct.18. Castrol has a wide range of oils and fluids suited for the various …

Kampala, Uganda | THE INDEPENDENT | On Oct.17, Chinese tech giant Huawei partnered with the Ministry of ICT and National Guidance, to host the 2nd annual ICT Job Fair at Kololo Ceremonial Grounds. The National ICT Job Fair looks at addressing the youth unemployment question in Uganda through the ICT sector. …

African governments say delay in enforcing the MLC hampers their revenue collection targets Kampala, Uganda | RONALD MUSOKE | Following the recent publication of an international treaty that seeks to make global tech giants and other large multinational corporations pay more tax where they do business, the Organisation for Economic Cooperation …

Kampala, Uganda | THE INDEPENDENT | In a significant move aimed at enhancing trade and economic cooperation between African member states and China, Afreximbank and the China Exim Bank signed a loan agreement. The signing ceremony took place at the CEXIM Headquarters in Beijing on Oct.17, attended by Shengjun Ren, President …

The company targets to increase farmer payouts from Shs52bn to Shs80 billion in the next 5 years Kampala, Uganda | JULIUS BUSINGE | Uganda Breweries Limited has unveiled ambitious plans to expand its Farm for Success program from the existing 35,000 farmers to a remarkable 50,000 farmers. This strategic move is …

This would to foster the development of an integrated East African capital market to drive advocacy, innovation, capacity building, and harmonization of regulations and laws Kampala, Uganda | JULIUS BUSINGE | The East African Securities Regulatory Authorities (EASRA), comprising regulators from Uganda, Kenya, Rwanda, and Tanzania, have underscored the importance of …

Kampala, Uganda | PATRICIA AKANKWATSA |  Goldstar Insurance, a prominent player in Uganda’s insurance industry, received a significant accolade as the Global Credit Ratings (GCR), an independent South African organization, upgraded the company’s national scale financial strength rating to AA (UG) from A+(UG). This remarkable advancement underlines Goldstar’s robust financial …

Kampala, Uganda | THE INDEPENDENT |  Chinese tech giant Huawei Technologies has shown commitment to fighting youth unemployment in Uganda through an official partnership with the government of Uganda.The tech company partnered with the Ministry of ICT and National Guidance, to host the 2nd annual ICT Job Fair at Kololo Ceremonial …