Business

Kampala, Uganda | THE INDEPENDENT | Makerere University has signed a Memorandum of Understanding (MOU) with Stanbic Bank Uganda to enable staff and students to acquire laptops on a hire purchase basis. This comes at a time when Makerere University is preparing to open fully for all students next week, …

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate (CID) is hunting for a one Gurjinder Singh for allegedly defrauding manufacturers and distributors of pharmaceuticals in Uganda of more than sh20 billion.  Gurjinder, who holds double citizenship, is believed to have fled to India. He has allegedly been procuring …

Moroto, Uganda | THE INDEPENDENT | Traders have resumed supplying food to the Karamoja region. Two weeks ago, the traders stopped supplies of food citing the continuous road ambushes. The traders suspended supplying food after three of their trucks were shot at the same time around Lorengedwat sub-county in Nabilatuk …

Equity Bank Uganda signs MoU with Bunyoro Kitara Kingdom  Hoima, Uganda | THE INDEPENDENT | Equity Bank Uganda and the Bunyoro Kitara Kingdom, today, signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of enterprise development and financial inclusion, energy, and environment, …

Players are changing tactics to deal with the sector’s penetration headache | THE INDEPENDENT | Why has Uganda’s insurance penetration remained below 1% for many years? This is the question that has been asked several times and players continue to scratch their head to answer it. The public will be waiting …

Kampala, Uganda | THE INDEPENDENT & XINHUA | Uganda is now ranked fifth with a score of 57 out of 23 countries surveyed in the Africa Financial Markets Index (AFMI) 2021. The Absa Group survey, released in Kampala on Wednesday, indicates that Uganda was up from 10th position in comparison to …

But the cost remains high for most households Kampala, Uganda | ISAAC KHISA | A new solar energy project is using green technology to improve lives of isolated villages living far beyond the reach of Uganda’s electricity grid. The Gomba District Farmers Association members have relied on firewood to cook and …

The firm, which offers customers in Kenya, Nigeria, Ghana and Uganda access to financing for appliances and electronics, says it will launch in more countries and broaden its product range | DAVID THOMAS | Kenyan lender M-Kopa, which offers underbanked customers finance to acquire solar lighting, smartphones, TVs and domestic …

Experts outline ways in which partner states can benefit from the bloc | THE INDEPENDENT | Before COVID-19 hit world economies two years ago, there was optimism that Africa’s flagship project of the African Union’s Agenda 2063, the African Continental Free Trade Area (AfCFTA) would quickly reshape markets across the …

Washington, USA | Xinhua |  The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …