Business

Stakeholders say corruption exacerbates inequality by depriving the poor of basic public services while entrenching wealth among political elites Kampala, Uganda | JULIUS BUSINGE | Uganda’s deepening corruption and fiscal mismanagement were placed under scrutiny this week at a high-level policy dialogue in Kampala, as public finance experts, lawmakers and civil …

    Kampala, Uganda | THE INDEPENDENT |   Absa Bank Uganda has handed over cash prizes totaling sh40 million to four winners from the ongoing card usage campaign dubbed “Play Your Cards Right.” The campaign runs from June to August 2025 and is open to all Absa debit and credit cardholders, …

The company is establishing a R&D hub, aimed at ramping-up local pharmaceutical manufacturing Kampala, Uganda | RONALD MUSOKE | Uganda’s pharmaceutical manufacturer, Quality Chemical Industries Limited (Qcil) paid Shs 19.8 billion in taxes to the government in 2025, up from Shs 15.1 billion a year earlier, following record growth in profits. …

URA’s steady hands deliver surplus under Musinguzi Kampala, Uganda | JULIUS BUSINGE | Amid growing government appetite for bigger fiscal outlays, URA was tasked with collecting a net revenue of Shs 31.37 trillion for the 2024/25 financial year. By the close of June, the tax body had collected Shs 31.63 trillion, …

He reminds all everyone that the future will not be inherited but must be built Kampala, Uganda | JULIUS BUSINGE | Under the glistening waters of Lake Victoria and the backdrop of Entebbe’s Imperial Resort Beach Hotel, Uganda’s 13th CPA Economic Forum unfolded—not just as a conference of ideas, but as …

Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has received 170 Billion Shillings being part of the World Bank financing for the manufacturing and export value chains through the INVITE Trust. The INVITE (Investment for Industrial Transformation and Employment) Project is a Government of Uganda (GoU) initiative financed by …

African fintech firms are no longer just seeking global investment, they’re acquiring international players, reshaping payments, and putting the continent at the center of global financial innovation. SPECIAL REPORT | BIRD AGENCY | Three years ago, Africa offered the world bold innovations and tech talent but lacked the financial muscle …

Abuja, Nigeria | THE INDEPENDENT | The African Talent Company (TATC), in partnership with the Mastercard Foundation, is expanding its successful youth employment programs from Nigeria into East Africa, aiming to create more job opportunities for young people across the continent. Since 2020, TATC’s Jobberman Nigeria, working with the Mastercard …

Kampala, Uganda | George Odongo | Stepping into Omera on Kanjokya Street is more than just going out to eat; it’s an experience rooted in the rich culture and proud spirit of the Luo people. The name “Omera” itself sets the tone, meaning friendship, brotherhood, and sisterhood; a concept of …

Kampala, Uganda | THE INDEPENDENT | The French Ambassador’s residence in Kampala was abuzz with activity as guests gathered to celebrate Bastille Day, a pivotal moment commemorating the storming of the Bastille on July 14, 1789, which marked the beginning of the French Revolution. The event highlighted the deep and …