Business

Kampala, Uganda | THE INDEPENDENT |  A number of taxi operators in Kampala are in a state of confusion, on where to dump the trash they would have collected from passengers in their vehicles, under the new anti-littering penalty announced by NEMA. Under the National Environment Act 2019, NEMA is …

Kampala, Uganda | JULIUS BUSINGE | The 5th cohort of the African Women’s Entrepreneurship (AWE) Program has successfully graduated 85 women entrepreneurs from Kampala, Lira, and Arua covering sectors of building, agriculture, education, health, and technology businesses and tourism courtesy of the US Embassy and SHONA. The U.S. Embassy Department of …

Kigali , Rwanda | THE INDEPENDENT |  Kenya and Rwanda Tuesday signed an agreement in 10 areas of cooperation to enhance relations. The Memorandum of Understanding will establish mechanisms for effective cooperation in Education, ICT, Gender and Child Development, Youth and Capacity Development for the Public Service. Other areas of …

However, SBG Securities Ltd.’s revenues were impacted largely by a drop in capital markets activities Kampala, Uganda | THE INDEPENDENT | Stanbic shareholders will get Shs 6.98 per share totalling Shs 235bn following a 33% growth in profits for the year ended December 31, 2022. This is 1.7% higher than the …

Regulators on the continent are developing frameworks that allow customers of traditional banks to engage with third-party service providers via their banking apps – blowing open a multi-billion dollar market. Abuja, Nigeria  | BIRD AGENCY  |  Nigeria in March became the first African country to launch open banking on the …

SPECIAL FEATURE | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …

Ethiopian Airlines, Ethiopia’s national flag carrier, is celebrating the 50th year of the commencement of its service to China. Addis Ababa, Ethiopia | Xinhua | Ethiopia’s national flag carrier, Ethiopian Airlines, on Friday said it is celebrating the 50th year of the commencement of its service to China. The airline said …

International visitor arrivals increase by 59% during the year Kampala, Uganda | JULIUS BUSINGE | Uganda recorded a 59% increase in international visitor arrivals to 814,508 in 2022 signalling a recovering tourism sector from the effects of the coronavirus pandemic. The report released by the Ministry of Tourism Wildlife and Antiquities …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited is the overall winner for Prudential HR Awards for 2022. Prudential Uganda in partnership with PwC recently launched the second edition of the Prudential Best HR Practices survey report indicating a total of 3000 employees taking part. The 2022 survey is the …

More than 50,000 employers have been given a 30-day deadline to pay contributions Kampala, Uganda | JULIUS BUSINGE | Uganda’s employers irrespective of the number of workers employed have only 30 days to register with the National Social Security Fund (NSSF) and remit social security contributions for their employees. NSSF acting …