Business

  Kampala, Uganda | THE INDEPENDENT | Executives from Uganda’s insurers have reaffirmed their commitment to working together to advance and expand the insurance industry. This collective dedication to industry growth was underscored during the CEOs Breakfast Meeting hosted by the Uganda Insurers Association (UIA) at Serena Hotel in Kampala. …

Kampala, Uganda | THE INDEPENDENT |  A new study of the insurance industry in Uganda has revealed persistent continued dishonesty as well as withholding vital information by practitioners, a major source of public mistrust. The Policyholder Satisfaction Survey that was conducted this year courtesy of the Insurance Regulatory Authority (IRA) …

Kampala, Uganda | THE INDEPENDENT | Small business operators at Makerere University are under increasing pressure and anxiety as the university management moves closer to evicting them. The planned eviction, initiated by the university management in July 2022, has cast a shadow over businesses including photocopy and stationery shops, food …

Kampala, Uganda | THE INDEPENDENT |  Uganda Registration Services Bureau, the national business registry, has this morning launched its mass business registration campaign aimed at promoting formalization among entrepreneurs and small business owners. In a news release dated Sept.26, the bureau said this initiative seeks to simplify the registration process, …

While lending levels may remain low, China is likely to sustain engagement with Africa via commerce and diplomacy Kampala, Uganda | RONALD MUSOKE | Chinese lending to African nations has remained below $2 billion for the second year in a row, according to data from Boston University’s Global Development Policy Centre’s …

The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …

Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda has unveiled The KCBU Agent App, its banking application that promises improved, faster, easily accessible and timely service delivery to customers looking for convenient financial services. The App will widen KCB’s footprint in Uganda in over 150 agent locations countrywide. The platform …

Kampala, Uganda | THE INDEPENDENT | Standard Chartered recently announced the rollout of enhanced global parental leave benefits that will also benefit its employees in Uganda effective September 1, 2023. The Bank will standardise the amount of parental leave it offers, providing parents the option of undertaking more equitable caregiving responsibilities …

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has recorded an 8% growth in assets to $30.1 billion for the six months ending June 30, 2023, driven by an increase in loans. The lender recorded a substantial growth in total interest income, which soared by an impressive …

Kampala, Uganda | THE INDEPENDENT | On Sept.21 Old Mutual Investment Group launched the first-ever dollar unit fund in Uganda, a move aimed to diversify and add to the quality of the investment opportunities on the market. The account was launched with an effective 5% annual interest rate, compared to the …