Kampala, Uganda | THE INDEPENDENT | The Uganda Printing and Publishing Corporation (UPPC) is steadily advancing to meet contemporary printing and publishing demands, following significant improvements to this official government publisher. The 123-year-old printing house, once merely respected as the Uganda Gazette printer, has acquired state-of-the-art printing machinery. Its digitalization efforts …
Read More »PostBank introduces quick, easy to register ZeroFlex Digital Account
Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has launched a Self-Onboarding ZeroFlex digital account to enable customers to self-register and have access to financial services anywhere and at any time without necessarily moving to the bank premises. The ZeroFlex account is a digital account that allows existing or new …
Read More »Uganda Baati expands market presence with new Luwero showroom
Luwero, Uganda | THE INDEPENDENT | Uganda Baati Limited has opened a new showroom in Luwero District. Officials have said the expansion marks the company’s 14th showroom nationwide and reinforces its commitment to providing accessible, high-quality products and services to customers nationwide. Located on Plot No. 793 Gulu Road, …
Read More »BoU to purchase locally-produced gold to support foreign reserves
KAMPALA, Uganda | Xinhua | Uganda’s central bank said it is in consultation to begin purchasing locally-produced gold to bolster its foreign reserves and tackle challenges in international financial markets. The Bank of Uganda (BoU) in its State of the Economy report issued Thursday said the domestic gold purchase program …
Read More »IEA expects world oil demand to grow by less than 1 mbd in 2024, 2025
MOSCOW, RUSSIA | TASS | Growth of world oil demand is forecast to average just below 1 mln barrels per day in 2024 and 2025, as subpar economic growth, greater efficiencies and vehicle electrification act as headwinds, the International Energy Agency (IEA) said in its July report. Consequently, the estimate …
Read More »Coca-Cola Beverages new production line drives growth in region
Kampala, Uganda | THE INDEPENDENT | Coca-Cola Beverages is reaping from setting up Africa’s fastest plastic bottle production line in its East Africa operations. It has a capacity of 67,000 bottles per hour and equipped with state-of-the-art technology such as robotic arms and automated fillers and is now driving efficiency …
Read More »Ecobank unveils ‘KUBA DABO DABO’ for credit and investment access
Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda has unveiled the “KUBA DABO DABO” consumer banking promotion, which is “Double Your Benefits” initiative. This innovative initiative offers comprehensive financial solutions to empower customers and fuel their financial growth. Customers applying for a Personal Loan can also get a Salary Advance …
Read More »Afreximbank expands container Guarantee Scheme in East Africa
Merchants in landlocked countries face the highest container deposit rates, typically around US$5,000 per container, due to extended turnaround times ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank, has forged a partnership with BSMART Technology Ltd to extend the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to …
Read More »Letshego Africa Holdings clarifies on default claims
Kampala, Uganda | THE INDEPENDENT | Letshego Africa Holdings has affirmed that the Group has not defaulted nor failed to service any of its obligations in its subsidiaries. “We confirm that claims of default on the part of Letshego Kenya and Uganda are false and incorrect,” it said in …
Read More »BAT Uganda declares Shs 8.9 billion dividend
Illicit cigarettes remains a big headache the tobacco distributor in Uganda Kampala Uganda | JULIUS BUSINGE | Shareholders of British American Tobacco Uganda Limited will receive Shs 8.9 billion as dividend, equivalent to Shs 181 per ordinary share, following approval at the 24th Annual General Meeting held at Sheraton Kampala Hotel. …
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