Saturday , February 8 2025

Business

Business news

STANBIC PMI: Businesses did well in September

Kampala, Uganda | THE INDEPENDENT | Increased advertising by companies during September played a role in sustaining strong business output and attracting new clients as the headline Stanbic Bank Purchasing Index (Stanbic PMI) dropped slightly to 54.2 compared to the 56.3 posted in August. The threshold for a positive business outlook …

Read More »

Why mobile payment is booming in Africa

NAIROBI, KENYA | Xinhua | On the bustling streets of Nairobi, the green glow of the M-Pesa (a mobile money platform) logo is inescapable, from high-end hotels to street vendors. In some tourist hotspots, signs declaring “No Cash” highlight a striking shift: over 90 percent of adults in the East …

Read More »

Watu Uganda celebrates client protection certification

Kampala, Uganda | THE INDEPENDENT |  Watu Uganda, an asset financier, has become the latest financial institution in Africa to receive an esteemed Client Protection Certification from Microfinanza Rating (MFR). This significant achievement underscores Watu Uganda’s commitment to advancing financial inclusion and responsible lending practices, announced during their Customer Service …

Read More »