Kampala, Uganda | THE INDEPENDENT | Uganda has five new cash millionaires, courtesy of ITHUBA Uganda, the official operator of the Uganda National Lottery. The historic first ever Ugandan LOTTO jackpot draw on August 3, 2024 produced unlikely winners, going by the two who have so far claimed their winnings …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development is in final stages of drafting a National Tax Policy. The policy expected to become public in December, will provide a set of guidelines for the taxation of goods, services and income as a vital tool …
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Energy giant announces projects across Africa including Uganda, Rwanda and Malawi ANALYSIS | AGENCIES | French energy giant TotalEnergies has announced expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian renewable energy company Scatec, the company said in …
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Kampala, Uganda | THE INDEPENDENT | PostBank Uganda’s agricultural loan book has registered commendable growth of 70% over a four-year period, from Ushs. 107 billion in 2021 to a 70% growth rate by June 2024. Officials attribute the impressive performance to favorable lending rates, government support, and other contributing …
Read More »Kampala, Uganda | THE INDEPENDENT | Dubai-based developer Amea Power has started building a 24 MW solar project in West Nile. The Ituka project will be the first solar project in the West Nile region of northwestern Uganda, located on a 52-hectare site in Ombachi village, around 450 km from …
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Kampala, Uganda | THE INDEPENDENT | The British Chamber of Commerce Uganda (BCCU) has officially been launched in Uganda in a cocktail experience curated by Tanqueray Gin at the British High Commissioner’s residence in Nakasero last evening. The British Chamber of Commerce aims to promote better trade links between the …
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Equity bank amplifies Watoto golf tournament with Sh10 million sponsorship Kampala Uganda | THE INDEPENDENT | Equity Bank Uganda Limited has extended its support worth sh10 million towards the Watoto Golf Tournament set for Saturday, August 10th 2024, at the Uganda Golf Club. Organised by Watoto Church Uganda, the tournament is …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has reduced is base interest rate for the first time since April this year, from 10.25 to 10 percent as inflation seems tamed. BoU’s policy targets an inflation rate of not more than 5 percent in the medium term, and in …
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Sub-Saharan Africa is experiencing a renewed focus, with infrastructure projects receiving a significant boost ANALYSIS | FELIX THOMPSON | There was a rebound in export credit agency activity in Sub-Saharan Africa last year, as agencies struck big-ticket deals across infrastructure and renewable energy sectors, fresh data shows. In its annual State …
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Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has handed over sh300 million proceeds from the 2024 Absa 7 Hills Run, an annual charity event organised in partnership with the Kampala Hash House Harriers (KH3) to raise funds to keep the girl child in school. Research shows that an …
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The Independent Uganda: You get the Truth we Pay the Price