Thursday , November 14 2024

Business

Business news

BoU to issue guidelines on green financing

It plans to integrate climate change related risks in analysing micro and macro-economic conditions Kampala, Uganda | ISAAC KHISA | Uganda’s central bank will soon rollout guidelines for green financing to support small and medium and enterprises as the country strives to achieve sustainable development. Hannington Wasswa, the director commercial …

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MTN Uganda’s new journey

The telco raised Shs535.9bn in undersubscribed IPO Kampala, Uganda | THE INDEPENDENT | The South African telecom subsidiary in Uganda, MTN, began a new journey on Dec.06, with the listing on the Uganda Securities Exchange, and the share price surging past the IPO price during the first week of trading. …

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Oulanyah pushes for more support for Uganda Diaspora

  Dubai, UAE  | THE INDEPENDENT | The Speaker of Parliament, Jacob Oulanyah has proposed action that deliberately aims to ensure government meaningfully supports the Ugandan diaspora. There ought to be a mechanism through which the diaspora is incorporated in the government structure, for streamlined financial support, he said. Oulanyah …

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NSSF will need Sh1 trillion for Mid-Term access

  Kampala, Uganda | THE INDEPENDENT | Richard Byarugaba, the Managing Director of National Social Security Fund (NSSF) says the fund will have to set aside Sh1 trillion  if the President assents to the NSSF (Amendment) Bill, 2021. Parliament passed the Bill last month. Among the key provisions in the …

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SECURITY: Relocation of Kampala city vendors starts next week

Kampala, Uganda | THE INDEPENDENT | The relocation of street vendors to gazetted market places will start next week, Kabuye Ky’ofatogabye, the State Minister for Kampala and Metropolitan Affairs has said. Speaking at the celebrations to mark 20 years of Kampala City Traders Association (KACITA), Kabuye said that the government …

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NDA shuts down 178 drug shops in Western Uganda

Mbarara, Uganda | THE INDEPENDENT | The National Drug Authority-NDA has closed 178 drug outlets in Western Uganda. The outlets were closed in an operation that started on December 1, 2021 and ended on December 10, 2021, covering 19 districts of Ntoroko, Bundibugyo, Bunyangabo,Kabarole,Mubende, Kyenjojo, Kyegegwa, Kagadi, Kakumiro, Mityana, Kasanda, Hoima, …

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BOU concerned about delays in financial sector amendments

Kampala, Uganda | THE INDEPENDENT | The Central Bank is seeking the intervention of Parliament to ensure that regulations regarding governance and supervision of the financial sector are given urgent attention. The bank officials made the proposal while meeting MPs from different committees of parliament on Friday. Led by Deputy …

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UDB’s Ojangole wins prestigious Sustainable Finance Award

    Karlsruhe, Germany | THE INDEPENDENT |  The Managing Director Uganda Development Bank Limited (UDBL) Patricia Ojangole, has been named Sustainability Leader of the Year 2021 during the Karlsruhe Sustainable Awards ceremony held annually in Germany. Awarded by the International Council of Sustainability Standards for Value Driven Financial Institutions during …

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