Business

Malaba, Uganda | THE INDEPENDENT | Uganda Railways Corporation-URC has received 4 fully refurbished locomotives from Grindrod Rail, South Africa as part of its efforts to revamp railway transport and reduce pressure on the road. The locomotives have a haulage capacity of between 750 to 1500 tons and can last between …

Kampala, Uganda | THE INDEPENDENT | The planned rationalization of Uganda’s Public Sector Agencies will not bear much fruit unless the president’s powers to create units under his office, are trimmed, according to experts. The government has for the last three years been toying with the idea of reducing the …

IFC is working with stakeholders across the East Africa region to extend credit information system to cover the digital mobile lenders Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC) said on Thursday it plans to promote the uptake of mobile digital loans in East Africa in order to boost …

Emerging technologies like cloud services are accompanied by risk of sophisticated attacks like email phishing, malware, identity theft and data intrusion Nairobi, Kenya | Xinhua | The risk of cyber attack among large and small business entities in Africa escalated at the peak of the COVID-19 pandemic when remote working gained …

Kampala, Uganda | THE INDEPENDENT REPORTER | Stanbic Bank Uganda has countered fraudulent activity by a few of its banking agents aimed at defrauding the bank. The bank was quick to add that the incident did not affect customer transactions or balances and that agency banking services continue to operate …

  Kampala, Uganda | INDEPENDENT REPORTER |  Uganda Breweries Limited unveiled the inaugural East African Breweries Limited (EABL) Sustainability Report to the government, the media and the public. The report, which was released by all three subsidiaries under EABL (Uganda Breweries, Kenya Breweries and Serengeti Breweries) is meant to highlight …

Kampala, Uganda | THE INDEPENDENT |  The Minister of Finance, Planning and Economic Development Matia Kasaija has appointed a new Board of Directors for the National Social Security Fund (NSSF) for the next three years effective September 01, 2021. The new NSSF board is headed by Dr. Peter Kimbowa, a …

Sam Mwogeza is the head, Consumer and High Net Customers at Stanbic Bank Uganda. He spoke to The Independent about the lender’s plan to finance the country’s economic comeback from the pandemic. You have had a successful first half of the year, judging by your Shs 154.9bn net profit. Does …

Innovation needs to speed up FEATURE | EDUCATION | Long before the second wave of the pandemic, questions about the future of education dominated public discourse in Uganda. Shamim Nirere of Izere Education not only had the question lingering on her mind, she found some answers too. “The future of …

The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which …