Business

Kampala, Uganda | THE INDEPENDENT | A cybercrime group known as RevengeHotels has begun using artificial intelligence to steal guests’ payment data in a new wave of attacks on hotels worldwide, according to cybersecurity company Kaspersky. The group, active since 2015, has traditionally targeted hotels in Brazil but has expanded operations …

Reinsurers on the continent operate in a harsh socio-economic environment marked by inflation, political instability, increased competition and the depreciation of local currencies against the dollar Kampala, Uganda | ISAAC KHISA | Africa’s reinsurance market has for decades been dominated by global giants such as Swiss Re, Munich Re, and the …

Unveiling made to 350 digital eco-system experts attending landmark summit Kampala, Uganda | THE INDEPENDENT & AGENCIES | MTN Group has pledged to continue driving financial inclusion, supporting small businesses, enabling financial independence, and building digital ecosystems that power Africa’s economic growth. This pledge was made at the MTN Group’s first …

  Kampala, Uganda | THE INDEPENDENT | Uganda Baati Limited (UBL) has confirmed its participation in the 31st Uganda International Trade Fair, which will run from October 2 to 12, 2025, at the UMA Show Grounds in Lugogo, it said in a news write-up shared on Sept.29. The trade fair, organized …

  Kampala, Uganda | PATRICIA AKANKWATSA | The Singleton Big Meeting returned on Sunday with a refreshing twist, as guests swapped their seats for the bartender’s counter in a do-it-yourself (DIY) cocktail experience at Thrones Bar & Lounge. The monthly party series, staged every last Sunday, has earned a reputation …

Kampala, Uganda | THE INDEPENDENT | Direct Pay Uganda (DPO Pay Uganda), a leading provider of online payments, has officially rebranded to Network International (Network), a leading fintech company in the Middle East and Africa, following regulatory approval from the Bank of Uganda. The rebrand marks a significant step in …

Kampala, Uganda | THE INDEPENDENT | Jumia, Uganda’s leading e-commerce platform, has teamed up with electric mobility company Spiro to introduce a fleet of electric bikes for deliveries in Kampala, a move aimed at cutting carbon emissions and promoting sustainable urban transportation. The initiative marks a major milestone in Jumia’s …

Banking on a Greener Future with Green Finance Solutions for SMEs COMMENT | Virginia Ssemakula | Climate change is one of the significant crises facing the world today and developing nations such as Uganda face a critical challenge in combating related effects despite its relatively low contribution to global greenhouse …

Kampala, Uganda | THE INDEPENDENT |  Felicite Nson has today taken over as Managing Director Uganda Breweries Limited (UBL), making her the first woman to lead one of the country’s most iconic and enduring brands. Nson succeeds Andrew Kilonzo, who has been appointed Managing Director of Kenya Breweries Limited (KBL). With more …

The deal shows how global and regional lenders are teaming up with local banks to close Africa’s industrial financing gap Nairobi, Kenya | THE INDEPENDENT | KCB Group and the African Export-Import Bank (Afreximbank) have signed a financing agreement worth $800mn to support investors in the Vipingo Special Economic Zone …