Business

Equity Bank Uganda signs MoU with Bunyoro Kitara Kingdom  Hoima, Uganda | THE INDEPENDENT | Equity Bank Uganda and the Bunyoro Kitara Kingdom, today, signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of enterprise development and financial inclusion, energy, and environment, …

Players are changing tactics to deal with the sector’s penetration headache | THE INDEPENDENT | Why has Uganda’s insurance penetration remained below 1% for many years? This is the question that has been asked several times and players continue to scratch their head to answer it. The public will be waiting …

Kampala, Uganda | THE INDEPENDENT & XINHUA | Uganda is now ranked fifth with a score of 57 out of 23 countries surveyed in the Africa Financial Markets Index (AFMI) 2021. The Absa Group survey, released in Kampala on Wednesday, indicates that Uganda was up from 10th position in comparison to …

But the cost remains high for most households Kampala, Uganda | ISAAC KHISA | A new solar energy project is using green technology to improve lives of isolated villages living far beyond the reach of Uganda’s electricity grid. The Gomba District Farmers Association members have relied on firewood to cook and …

The firm, which offers customers in Kenya, Nigeria, Ghana and Uganda access to financing for appliances and electronics, says it will launch in more countries and broaden its product range | DAVID THOMAS | Kenyan lender M-Kopa, which offers underbanked customers finance to acquire solar lighting, smartphones, TVs and domestic …

Experts outline ways in which partner states can benefit from the bloc | THE INDEPENDENT | Before COVID-19 hit world economies two years ago, there was optimism that Africa’s flagship project of the African Union’s Agenda 2063, the African Continental Free Trade Area (AfCFTA) would quickly reshape markets across the …

Washington, USA | Xinhua |  The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …

A peep into Amb Kabonero’s enduring legacy in Tanzania Dar es Salaam, Tanzania | THE INDEPENDENT | Tanzania’s Minister of Foreign Affairs Liberata Mulamula has led celebrations of the role Ambassador Richard Kabonero in growing trade and good relations of all the countries of the East African region. Kabonero is concluding his …

Fort Portal, Uganda | THE INDEPENDENT | Tea farmers in Kabarole, Kyenjojo, Bushenyi, Kabale and Buhweju districts have tasked the government to put in place a regulatory framework for the tea industry. The tea growers who had converged in Fort Portal city to discuss the challenges facing the sector asserted …

  Kampala, Uganda | THE INDEPENDENT | Two private pharmacies that have been operating in Mulago National Referral hospital have been evicted following a directive by Health Minister, Dr. Jane Ruth Aceng to the National Drug Authority (NDA). On Friday, the Health Minister directed NDA to close all private facilities …