Business

Kampala, Uganda | THE INDEPENDENT | Nile Breweries Limited (NBL) unveiled a new country director for Uganda Adu Rando succeeding David Valencia, who had served in the same position for two years. Rando has been part of the ABI-InBev for the last twenty years, having served in Brazil, China and most …

Kampala, Uganda | THE INDEPENDENT | Pesapal has unveiled a new Forecourt Management Solution in Uganda, Kenya and Tanzania delivering integrated payments alongside monitoring and data tools. The solution drives the automation of fuel and retail management processes, seamlessly connecting distribution points and digital payments – backed up with tools to reduce …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …

Kampala, Uganda | THE INDEPENDENT | A total of 10,000 youth in 10 higher education institutions will be enrolled in a digital coaching and mentorship programme called Boundless Minds in partnership with Coca-Cola Beverages Uganda (CCBU). The project will intensively mentor 100 students from different institutions who will be recruited as …

Kampala, Uganda | THE INDEPENDENT | Staff of Uganda Development Bank graduated in transformative leadership from the National Leadership Institute (NALI) – Kyankwanzi on Jan.31, the lender said in a media release. The two weeks leadership training was aimed at facilitating and developing quality leaders who would stimulate Uganda’s socio-economic transformation …

Museveni and Ramaphosa to attend summit Kampala, Uganda | THE INDEPENDENT |  The Private Sector Foundation Uganda (PSFU) in patnership with Ministries of Foreign Affairs, Trade and Cooperatives, Privatisation and Investment is organizing a Uganda- South Africa Trade, Tourism, and Investment Summit  February 27th – 1st March 2023 in Pretoria, South …

The tax authority collected Shs11.6tn in the six months, recording a Shs95bn shortfall   Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority collected Shs11.6trillion against the target of Shs11.7tn for the first six months of the financial year 2022/23 – representing 46.4% of the annual target. URA’s Commissioner General John Rujoki …

Former MD refutes Minister Amongi’s allegations of mismanagement of the workers’ fund Kampala, Uganda | THE INDEPENDENT | When Richard Byarugaba, the former Managing Director of the National Social Security Fund (NSSF) appeared before the select Parliamentary committee Friday 3rd February, he shared data and statistics in defence of his performance in …

Uganda moves to the fourth spot due to strong data reporting standards, new environmental, social and governance incentives Kampala, Uganda | THE INDEPENDENT | Uganda’s overall score in the Absa Africa Financial Markets Index increased by six points to 66 in 2022, moving the country up to fourth from sixth place …

    Kampala, Uganda | THE INDEPENDENT | “Market Women” are the ubiquitous vendors who populate local markets throughout Uganda and sub-Saharan Africa. In many ways, they are the lifeblood of most African economies. In Uganda, the “informal sector” accounts for 75% of the total working population, and in many ways …