Business

Kampala, Uganda | THE INDEPENDENT | Finance Minister Kasaija is delivering the  budget speech for FY 2023/24 at a Parliament Session at Kololo. President Yoweri Museveni is following the proceedings on TV and is expected to address the session virtually. Kasaija said the economy this year is projected to have grown …

Kampala, Uganda | THE INDEPENDENT | The insurance industry has declared the direct effects of the COVID-19 pandemic on the business behind them, following sustained growth in premiums raises and claims paid. According to the figures, the industry remained on a positive growth path in 2022, with Gross Written Premium …

Kampala, Uganda | THE INDEPENDENT | The International Energy Agency (IEA) has released its latest medium-term market report, signaling a notable deceleration in the growth of global oil demand in the coming years. The Oil 2023 outlook shows that investment in clean energy is accelerating at a faster rate than …

  Mukono, Uganda | THE INDEPENDENT | MTN Uganda in partnership with Uganda Small Scale Industries Association has donated equipment including a bread mixer, baking table, baking raw materials, computers, and internet connectivity for a year worth Shs10 million to Mulungi Confectionary and Skilling Center in Mukono District. This donation …

Despite challenging market conditions, MultiChoice Africa’s unwavering dedication to telling African stories and its ongoing investment in local content has been a driving force behind its success in a highly competitive sector Johannesburg, South Africa | THE INDEPENDENT |  MultiChoice Africa Holdings  has demonstrated remarkable resilience and achieved profitability, solidifying …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to maintain its base interest rate, the Central Bank Rate at 10 percent despite the sustained fall in inflation since late last year. The CBR is an indicator of the cost of money to commercial banks, on which …

Museveni also boasted about the country’s industrialisation exploits, with factories he said now standing at 226 and over 303 waiting to open Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni is content with the economy’s progress, which he said recovered from a nosedive during the COVID-19 pandemic, and is poised …

The companies are well positioned to benefit from the growth of Africa’s tech but they must address the needs of African users Kampala, Uganda | THE INDEPENDENT | Last year, Google’s Equiano undersea cable began conveying terabytes of data per second to and from African shores. Valued at $1 billion, Equiano …

Kampala, Uganda | THE INDEPENDENT | Pan-African lender, Ecobank Group, has unveiled its ‘Ecobank Single Market Trade Hub’ as part of its commitment to promoting intra-African trade. The Ecobank Single Market Trade Hub is now live, with over 300 businesses from 22 countries having signed onto the digital platform. The Trade …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has today given its judgment in the Ham Enterprises and Hamis Kiggudu vs Diamond Trust Bank case. Court says the loan to Kiggundu was legal. (read full judgment below ) Businessman Kiggundu had petitioned the Supreme Court in Kampala asking them …