Business

  Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund (DPF) is considering reviews to enhance its operational mandate of providing statutory protection to account holders in commercial banks. The reviews seek to increase the fund’s protection limit for depositors with account balances over 10 million shillings in commercial …

Smooth Jazz Royalty Lands in Kampala: Kirk Whalum Set to Ignite the Stage at dfcu Jazz in the Pearl Festival Kampala, Uganda | THE INDEPENDENT | Kampala is in for a velvety-smooth musical weekend as legendary American saxophonist Kirk Whalum has toucheddown ahead of the dfcu Jazz in the Pearl …

Kampala, Uganda | THE INDEPENDENT | Companies dealing in remittance services are now required to report data on their transactions weekly to the Bank of Uganda (BOU), under a newly developed system. The Central Bank has developed a new data collection approach regarding diaspora remittances, where all remittance service providers …

Uganda on the brink of energy independence COMMENT | ALI SSEKATAWA |  Uganda is slowly but surely positioning herself on the path to transformative infrastructure that will propel among others energy independence, marked by a series of historic milestones achieved in the past six months. First was the closure of external financing …

KAMPALA, UGANDA | THE INDEPENDENT | MTN Uganda is rolling out an ambitious nationwide network upgrade aimed at enhancing voice, data, and mobile money services, ensuring customers enjoy a more seamless and superior digital experience. The three-month initiative, which runs through July 2025, is a key pillar of the company’s …

HANGZHOU | Xinhua | In a compact shop no larger than 10 square meters, Tao Yang, a vendor in Yiwu — a city in Zhejiang Province known as “the world’s supermarket” — keeps a well-used World Atlas on her desk. “I ask my customers to sign their names over their …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has appointed David Wandera as Managing Director following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this appointment, …

Kampala, Uganda | THE INDEPENDENT |  aBi Finance is equipping Uganda’s leading microfinance institutions and SACCOs with the tools to integrate Environmental, Social, and Governance (ESG) principles into their operations through a targeted training program. Delivered in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), the initiative aims to drive …

The lender hopes that by processing more of Africa’s crude oil locally, it can help retain value on the continent and reduce exposure to global supply chain disruptions ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank (Afreximbank) has launched a US$3 billion revolving trade finance programme aimed …

What better way to bring all Smirnoff lovers together than an exquisite party experience? Entebbe, Uganda | THE INDEPENDENT |  Last week, Smirnoff shut down Tilly’s Bar in Entebbe with an energetic and vibrant pre-Fiesta party that brought together music and Smirnoff lovers for an experience to remember. Hosted by …