Business

Kampala, Uganda | THE INDEPENDENT |  Equity Bank is set to celebrate Women’s Month with a series of special events aimed at empowering and enabling women in small-scale businesses to achieve their full potential.  In line with the International Women’s Day theme of ‘invest in women; Accelerate progress,’ Equity Bank …

Kampala, Uganda | THE INDEPENDENT | The European Union and Uganda have agreed on the need to increase trade and investments between them because the current environment is favorable. While the EU is Uganda’s largest single source of foreign direct investment and tourists, trade between the two is worth about 1.5 …

Kampala, Uganda | THE INDEPENDENT | Airtel Africa, a telecommunications service provider announced a ground-breaking expansion of its service portfolio in collaboration with Cisco. The strategic partnership aims to empower businesses to seamlessly embark on their digital transformation journey by offering Network-as-a-Service (NaaS) solutions across various service platforms. In today’s fast-paced …

The bank is also expanding its footprint across the country with establishment of regional offices, with the initial one set up last in Gulu City last year, besides online channels Kampala, Uganda | THE INDEPENDENT | In a significant move to bolster the Ugandan economy, the Uganda Development Bank (UDB) disbursed …

Kalaa Mugosi Women Empowerment Ltd, serving 1,246 small-scale farmers, has been at the forefront of advocating for economic empowerment to improve community livelihoods Sironko, Uganda | THE INDEPENDENT | Kalaa Mugosi Women Empowerment Ltd, a community-based social enterprise located in Sironko District, Eastern Uganda, has historically encountered challenges in processing and …

Kampala, Uganda | THE INDEPENDENT | MTN Group and Huawei signed a Memorandum of Understanding for a Joint Innovation Technology Lab, aiming to deepen cooperation in technological innovation. The signing ceremony, which was held at MWC Barcelona, Spain was attended by senior delegations from MTN and Huawei on Feb.28. This strategic …

The company plans to invest about US$30million in the short and long term Kampala, Uganda | THE INDEPENDENT |  Turkish real estate firm, VAAL Real Estate, has entered the Ugandan market with its flagship housing project dubbed CADENZA valued at approximately US$30 million. The construction works for CADENZA located in …

Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by that position, an Executive Director on the company Board, effective March 1, 2024. Semakula who was previously with UMEME succeeds Joram Ongura, the …

Arua, Uganda | THE INDEPENDENT |  Arua central police station is holding five staff of Post Bank over the alleged theft of Shillings 138 million. The suspects include Leonard Lakwey, the Operations Manager, Walter Feni, the Customer Service Officer, Resty Lunkuse, David Tenywa, and Brian Olara Okidi, all banking officers at …

Kampala, Uganda | THE INDEPENDENT & AGENCIES | Kenyan tea industry export earnings surged by 31% to a historic high in 2023, buoyed by an increase in export volumes and a depreciating local currency. The Tea Board of Kenya said that the sector’s earnings reached US$1.22 billion, up from US$940 million …