Business

Bank of Uganda projects the economy to grow at 6% in FY2023/24 up from 5.2% a year before Kampala, Uganda | ISAAC KHISA | Uganda’s consumers recorded a 7.8% increase in borrowings for the three months to October, while lenders’ approval rate for loans in value terms decreased since July 2023, …

Kampala, Uganda | THE INDEPENDENT |  Renowned Nigerian artist, Ric Hassani, took the stage by storm at the Shonale show held at the Lugogo Hockey Grounds on Saturday night, with I&M Bank as the event sponsor. The anticipation leading up to the festival was met with excitement, and Ric Hassani …

Kampala, Uganda | THE INDEPENDENT | Greater customer numbers during December fed through to higher new orders and business activity as the headline monthly Stanbic Purchasing Managers Index (PMI) rose to 54.8 from 53.4 in November, the lender said on Jan.10. This was the highest reading since June 2023 and above …

Kampala, Uganda | THE INDEPENDENT | Microsoft has announced the biggest change to its keyboards in three decades with the introduction of an artificial intelligence (AI) key, the BBC reported on Jan.04. The key will allow users to access Copilot, Microsoft’s AI tool, on new Windows 11 PCs. Microsoft is a …

The company’s financial performance for the fiscal year 2022/2023 demonstrated robust growth, with a remarkable 63% increase in revenue, reaching Shs343.7 billion Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) is poised for transformative growth and sustainability as it implements its strategic plan for the period …

Kampala, Uganda | THE INDEPENDENT |  Security within Kampala City, and the greater Kampala area has been tightened, with highly visible and non-visible manpower already in place, Uganda Police has revealed. This in time for the  Non-Aligned Movement  plus the G 77 +China summits starting today to 23rd January 2024. There will be a hive …

Kampala, Uganda | THE INDEPENDENT | The Association of Oil and Gas Providers in Uganda has warned that it is not easy for Ugandans to supply the sector. Association of Uganda Oil and Gas Service Providers (AUGOS) Vice Chairman, Dennis Kamurasi says while one can be excited about winning the …

Motorcycle taxis are on the rise in various African markets, thanks to low electrification costs and efficiency in last-mile transportation and experts are calling for incentives to accelerate the electrification initiative. SPECIAL REPORT | BIRD AGENCY |  Motorcycle taxis, a dominant transportation force in Africa, have substantial potential for electrification …

  Kampala, Uganda | THE INDEPENDENT | Uganda’s milk production grew by 37 percent to 3.85 billion litres in the year 2022/2023, against the odds like drought in some production areas. The Ministry of Agriculture, Animal Industry and Fisheries reports that on the other hand, the export value increases by …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has announced the appointment of Patricia Nshemereirwe as its Chief Operating Officer. Nshemereirwe is a seasoned financial services professional with 20 years of experience in the banking and financial services industry. She brings significant experience to her new role, taking leadership …