Business

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development refutes claims that it was supposed to bail out the Ndere Cultural Centre from its indebtedness that now threatens its end. This is despite Uganda Development Bank confirming the government’s commitment in 2024 to settle the debt. …

RIO DE JANEIRO | Xinhua | Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding the membership of the multilateral lender commonly known as the BRICS Bank, the institution’s president, Dilma Rousseff, announced here Saturday. The announcement came at a press conference held after the 10th meeting of the …

Kampala, Uganda | THE INDEPENDENT | The Uganda Cooperatives Alliance has urged the government to fast-track the revival of the Cooperative Bank, which was closed over two decades ago. Speaking during the 103rd International Cooperative Day celebrations held on Saturday at Booma Grounds in Fort Portal City, Johnas Tweyambe, Chairperson of …

Entebbe, Uganda | THE INDEPENDENT | The Uganda Civil Aviation Authority (UCAA) plans to make alterations to, especially, the interior of the newly commissioned business lounge at Entebbe International Airport. The new Karibuni Business Lounge unveiled Thursday has a number of amenities aimed at making it comfortable for the passenger, …

  Campaign to Boost Customer Engagement and Financial Wellness Across Uganda Kampala, Uganda  | THE INDEPENDENT |  In an effort to enhance financial inclusion and foster a culture of saving among Ugandans, KCB Bank Uganda has launched a transformative 120-day nationwide initiative called “Kyaddala ne KCB.” The campaign is aimed at …

Kampala, Uganda | THE INDEPENDENT | The government has announced the commencement of biofuel blending in Uganda starting in August. This move displays Uganda’s commitment to move with the globe regarding climate change prevention, mitigation and adaptation, according to the Ministry of Energy and Mineral Development. Biofuel blending is the …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has collected at least 1.7 billion Shillings in savings from new contributors employed through its Hi-Innovator program. This comes in after five years of this enterprise’s support initiative, which is running its final year. According to a program …

Businessman King Ceasor Augustus Mulenga pledges affordable credit in bid for NRM Entrepreneurs Chair Kampala, Uganda | THE INDEPENDENT | Prominent businessman and philanthropist King Ceasor Augustus Mulenga has promised to champion affordable credit for business owners and address concerns about taxation if elected to the powerful National Resistance Movement (NRM) party’s …

Kampala, Uganda | THE INDEPENDENT | As the government officially kicked off the implementation of the Shs 72.1 trillion national budget for the 2025/26 financial year on July 1, leading economic experts and financial analysts have praised the direction of the new fiscal plan—but warned that its success will largely …

Equity Bank Uganda Limited delegation visits Nation Media Group Kampala, Uganda | THE INDEPENDENT | A delegation from Equity Bank Uganda led by Managing Director Gift Shoko today paid a courtesy visit to the Nation Media Group head office in Namwongo, a Kampala suburb. The courtesy visit is part of …