Business

The launch of the dfcu Foundation on May 29, 2025, in Mbarara, a private sector-led initiative evolving from dfcu Bank’s Agribusiness Development Centre (ADC), emerges as a critical partner to amplify government efforts, fostering inclusive, sustainable agricultural growth. COMMENT | MABEL NDAWULA | On June 12, 2025, Uganda’s Finance Minister, …

Kampala, Uganda | THE INDEPENDENT | The Government officially launched the National Biofuels Blending Programme, marking the start of mandatory blending of petrol (Petroleum Motor Spirit—PMS) with 5% ethanol (E5). The initiative is a cornerstone of Uganda’s strategy to strengthen energy security and advance environmental sustainability. Speaking to journalists at …

Kampala, Uganda | THE INDEPENDENT | Uganda’s headline inflation for the 2024/25 financial year averaged 3.4%, reflecting moderate price growth amid continued pressure from food and core service costs. The Uganda Bureau of Statistics (UBOS) attributes the rise to persistent increases in food prices and a steady uptick in service-related …

The bank’s net income climbed from US$125.3 million to US$973.5 million over the same period—representing nearly an eightfold increase Abuja, Nigeria | ISAAC KHISA & AGENCIES | When Professor Benedict Oramah joined the African Export-Import Bank (Afreximbank) in 1994 as a young chief analyst, few could have foreseen that he would …

Uganda among the countries that are currently trapped in the high debt repayment crisis Kampala, Uganda | THE INDEPENDENT |  Since 2010, developing countries’ debt has grown twice as fast as that of advanced economies. Today, 3.4 billion people live in countries spending more on interest payments than on health or …

New Boda Boda App to Boost Rider and Passenger Safety Nationwide Mityana, Uganda | THE INDEPENDENT | Boda boda riders across the country are set to benefit from a new land loan scheme aimed at improving their housing and settlement conditions. The initiative is spearheaded by the United Boda Boda Riders …

Monde Selection award handed to UBL for consistently producing internationally acclaimed, high-quality brands. Kampala, Uganda | THE INDEPENDENT | As Uganda Breweries Limited (UBL) approaches 80 years of brewing excellence, the company has added another achievement, receiving the coveted Prestige Trophy from Monde Selection for its 25 years of consistently …

  1. The Value Added Tax (amendment) act, 2025. 2. The Stamp Duty (amendment) act, 2025. 3. The Excise Duty (amendment) (no.2) act, 2025. 4. The Tax Procedures Code (amendment) act, 2025. 5. The supplementary appropriation act, 2025. 6. The hides and skins (export duty). 7. The income tax (amendment) …

Shareholders of the African Export-Import Bank have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors. Abuja, Nigeria | ISAAC KHISA | Elombi, a Cameroonian national and long-serving executive at the Bank, will take over from Professor Benedict Oramah, who steps down in September 2025 …

Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Abuja, Nigeria | ISAAC KHISA | Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course …