Business

Masaka, Uganda | THE INDEPENDENT | The quality of silver fish from landing sites in Masaka District is expected to improve significantly following the construction of a Sh714 million solar-powered drying facility. The government, in partnership with the East African Community Lake Victoria Fisheries Organization (LVFO), has laid the foundation for …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has hailed the innovative mobile and online lending products introduced by financial institutions, noting their significant contribution to financial deepening and inclusion. This innovation began in 2016 when NCBA Bank—then operating as Commercial Bank of Africa—partnered with MTN Uganda to launch …

NEW YORK | Xinhua | A day after the U.S. Court of International Trade invalidated U.S. President Donald Trump’s reciprocal tariffs and other duties, a federal appeals court on Thursday granted the Trump administration’s request to temporarily pause the trade court’s ruling. The judgment issued Wednesday by the international trade …

dfcu Bank Transitions from ADC to dfcu Foundation: expanding impact nationwide. Mbarara, Uganda | THE INDEPENDENT | dfcu Bank has officially launched the dfcu Foundation in Mbarara district, a rebrand of the Agribusiness Development Centre (ADC) under the theme ‘’A New Name, A Renewed Commitment.’’ The launch reiterates the foundation’s commitment …

More African-American professionals and families are finding a place in Africa to call home, sparking economic growth beyond cities. This relocation wave is transforming markets, driving innovation, and opening new opportunities in real estate, healthcare, and business. SPECIAL REPORT | BIRD AGENCY | When Kea Wakesho Simmons first arrived in …

Equity Group reports Kshs 15.4 billion profits after tax on prudent cost management and resumption of growth Nairobi, Kenya | THE INDEPENDENT | Demonstrating strategic agility and resilience in a dynamic global economic landscape, Equity Group has achieved strong results and growth of its diversified business across the region, becoming …

Absa Bank Launches sh200 Million Card Rewards Campaign to Boost Digital Payments Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has launched a new customer campaign, Play Your Cards Right, which will reward 14 lucky winners with cash prizes totaling sh200 million. Customers simply need to use their Absa cards …

KAMPALA, UGANDA | THE INDEPENDENT | President Yoweri Kaguta Museveni has flagged off the first consignment of powdered milk to the North African nation of Algeria. At the inaugural shipment ceremony held at State House Entebbe, attended by officials from the Ministry of Agriculture, Animal Industry, and Fisheries, led by …

NAIROBI, KENYA | Xinhua | In a cozy café nestled in Nairobi’s Karen district, chestnut-colored AA-grade Kenyan coffee beans are carefully ground, extracted and brewed under the focused gaze of a local barista. The bitterness transforms into something wondrous, a bright acidity blossoms, reminiscent of ripe, juicy tropical fruits. The …

As AI systems become more localized, Africa’s retail sector is evolving from shelves and checkouts into smart, seamless personalized experiences, transforming how Africans shop and interact with brands. The sector is billed to have the potential for unlocking the highest economic value from gen AI in Africa. SPECIAL REPORT | …