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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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