Business

Kampala, Uganda | THE INDEPENDENT | dfcu’s executive director William Sekabembe will leave the Bank at the end of August after serving in different capacities for 11 years. The Board of dfcu hereby announces the early retirement from the Bank of its executive director,” the notice signed by Angellina Namakula Ofwono, …

The company’s agents have declined by 5.5% to 162,000 as it continued to execute its agent rationalisation strategy geared towards sustainable growth Kampala, Uganda | PATRICIA AKANKWATSA | MTN Uganda’s subsidiary, MTN Mobile Money Uganda Ltd, plans to partner with financial institutions to extend credit to MTN Mobile agents and merchants …

The company will give more preference to Ugandan investors Kampala, Uganda | PATRICIA AKANKWATSA | Airtel Uganda plans to float a 20% stake in the company, equivalent to 8 billion ordinary shares, via an initial public offer (IPO) to be listed on the Uganda Securities Exchange (USE). The operator said that …

The Bank of Uganda data shows that the value of the country’s exports to South Africa continues to grow albeit at a slow pace Kampala, Uganda | JULIUS BUSINGE | South African businesses in Uganda and key local institutions including MTN Uganda, Absa Bank Uganda, Sanlam, Nile Breweries Limited, Stanbic Uganda …

Bushenyi, Uganda | THE INDEPENDENT | Officials from Bushenyi the district-based Banana Industrial Research and Development Center-BIRDC on Friday flagged off the sale of their finished products in the open market. During their commercialization launch at their model farm and distribution store in Jinja city’s agricultural show grounds, the officials said …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank joined PostBank and Pride Microfinance Limited to unveil a partnership with Airtel Money Uganda that will facilitate seamless disbursement of Parish Development Model funds by the Government of Uganda through the Wendi mobile wallet platform. Wendi, powered by PostBank, is an electronic …

Kampala, Uganda | THE INDEPENDENT | Amazon staff in the US received a warning email from the firm for not spending enough time in the office after their attendance was tracked, BBC reported on Aug.11. Some employees were told they were “not currently meeting our expectation of joining your colleagues in …

Kampala, Uganda | THE INDEPENDENT | The Uganda Advertising Association, Uganda Marketers Society, and The Loeries Awards Company, a non-profit company administering awards for the brand communications industry, in Africa and the Middle East have announced their collaborative partnership for the upcoming 2nd Annual SilverBack Awards, set to take place on …

Kampala, Uganda | THE INDEPENDENT | Multi-billionaire Elon Musk is putting Twitter building signs and other items from the company up for auction just weeks after the firm’s rebranding as X, BBC reported on Aug.10. Among the 584 lots on offer are coffee tables, outsized bird cages, and oil paintings of …

Kampala, Uganda | THE INDEPENDENT | Uganda Microfinance Regulatory Authority is drafting new guidelines to regulate digital lending. Digital money lenders are emerging as the latest innovation to small loans extended through online platforms or digitally but there have been concerns that they are not regulated. But the emergence of …