Wednesday , February 12 2025

Business

Business news

Is nature-based investing ready for take-off in Africa?

Conserving Africa’s biodiversity is vital for the continent’s long-term economic development, and the private sector may be poised to assume a bigger role Kampala, Uganda | BEN PAYTON | Thousands of delegates gathered for the 2022 United Nations biodiversity conference (Cop15) in Montreal in December, tasked with finding a pathway to …

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ONAPITO: Alcoholic Drinks Control Bill an attack on treasury and freedom to socialise

Kampala, Uganda | THE INDEPENDENT |  Alcohol manufacturers in Uganda have expressed reservations on the proposed Alcoholic Drinks Control Bill saying it is “diversionary” and “regressive.” In another stakeholders’ meeting with the drafter of the bill Sarah Opendi on Wednesday, the Chairperson of Uganda Alcohol Industry Association Onapito Ekomoloit said the …

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Uganda Baati unveils 11th showroom in Soroti

Soroti, Uganda | THE INDEPENDENT | Uganda Baati Limited on Jan 31st, opened its 11th showroom in Soroti. Speaking at the launch, George Arodi, the Chief Executive Officer Uganda Baati, said that the decision to open a new route to market through showrooms was to bring convenience to the customers who …

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M-Net and MultiChoice launches Luganda channel

Kampala, Uganda | THE INDEPENDENT | M-Net and MultiChoice have launched a new channel for subscribers in Uganda dubbed in Luganda. The channel will be on DStv Channel 142 and GOtv Channel 315. The channel tagline ‘Tuli KuGround’ (meaning ‘we are on the ground’), encompasses MultiChoice Uganda’s ambition to be rooted …

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NSSF half-year contributions up 22% to Shs786bn

The Fund Asset size increased from Shs17.65 trillion in July 2022 to Shs17.88 trillion in December 2022 Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund Uganda is on track to achieve its key performance targets for the Financial Year 2022/2023 after savers contributions and realized income grew by …

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Stanchart launches Offshore Mutual Funds

Kampala, Uganda | THE INDEPENDENT | Standard Chartered Bank Uganda has launched an offshore Mutual Funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani and Keith Kalyegira, the CEO, Capital Markets Authority among other executives. With this …

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