Business

NAIROBI, KENYA | Xinhua | Bond trading at the Nairobi Securities Exchange (NSE) has hit a record high, boosted by foreign investors seeking to cash in as yields on the securities rise. NSE data released Thursday evening showed that the bond turnover has been on an upward trajectory since Monday …

Kampala, Uganda |  THE INDEPENDENT | Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be heading to Nairobi, Kenya where she will take up …

Kampala, Uganda | THE INDEPENDENT |  A new partnership between Diamond Trust Bank and payment services company, TerraPay, could cut by more than half the cost of sending money from other countries to Uganda. Currently, it costs an average of 6.2 percent to send money between countries, and about 7.3 …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Revenue Authority (URA) has commended Uganda Baati for its consistent tax compliance and commitment to integrity. This was during a meeting between the URA Customs Commissioner, Abel Kagumire and the team from Uganda Baati led by the Business Head, George Arodi. During the …

Kampala, Uganda | THE INDEPENDENT | Jubilee Life Insurance Company Uganda has rewarded its outstanding agents in a bid to appreciate them for keeping the company competitive in the market. Kumar Sumit Gaurav, the Chief Executive Officer of the insurer, led a rewarding event honoring agents who excelled in selling policies …

Kampala, Uganda | THE INDEPENDENT |  Uganda Baati, recently joined forces with the E-Trade and Startup Association of Uganda to explore the potential of e-commerce in the steel sector. This collaboration aims to improve customer experience, value, and efficiency while fostering economic growth and tackling online commerce challenges. Speaking at …

Arusha, Tazania | THE INDEPENDENT | The East African Court Of Justice has asked activist groups to file a written submission in an appeal seeking to overturn a ruling that sought to block the construction of the East Africa Crude Oil Pipeline (EACOP) project. The regional court sitting in Arusha in …

Kampala, Uganda [21 February 2024] | Absa Bank Uganda has been recognised as the Best Corporate Social Responsibility (CSR) Bank in Uganda and the Best Bank for Sustainable Development Uganda in the 2024 Global Banking & Finance Awards. The bank was recognised for its Environmental, Social and Governance (ESG) focused …

Kampala, Uganda | THE INDEPENDENT | The European Union-EU has reiterated its demand for standards in the imports from Uganda and other countries because the authorities must ensure the safety of the public. Amidst this vow, however, the EU says it will continue working with the Ugandan authorities and the private …

Kampala, Uganda | THE INDEPENDENT | Infobip, a global leader in cloud communications, has unveiled a new capability that allows businesses to design and execute complete customer purchase journeys within WhatsApp. This innovative approach leverages the latest functionalities of the WhatsApp Business Platform, enabling businesses to facilitate a range of tasks …