Business

However, the number of individuals storing cash at home for long-term savings has risen from 27% to 44%, signaling potential distrust in formal financial institutions Kampala, Uganda | THE INDEPENDENT | Mobile money, Savings, and Credit Cooperatives Organizations (SACCOs) have emerged as the leading drivers of financial inclusion, according to latest …

An estimated five million smallholder farmers rely on the industry for jobs and livelihoods in the region Kampala, Uganda | THE INDEPENDENT | The International Finance Corporation, a member of the World Bank Group, has partnered with Absa Group Limited, a South African-based bank intends to extend US$60 million commodity trade …

Kampala, Uganda | THE INDEPENDENT | Honda by Markh and 10 leading Boda Boda Associations in Uganda have formed a partnership that will impact the lives of thousands of young people across the country. Minister for Kampala Kabuye Kyofatogabye hailed the partnership as a a durable, cost-effective tool for sustainable economic empowerment …

Entebbe, Uganda | THE INDEPENDENT | The highly anticipated Entebbe Free Trade Zone is progressing well, with the Uganda Free Zones Authority (UFZA) reporting that physical works are 66% complete and the budget for the first phase of the project is 80% executed. The project, valued at $13.6 million and …

The biggest portion of the budget, Shs32.3 trillion, will be sourced from domestic revenue, while other sources include budget support and domestic financing Kampala, Uganda | AGENCIES | Uganda’s Parliament approved a substantial national budget for the fiscal year 2024/2025, setting an ambitious Shs72.136 trillion financial blueprint after ratifying the Appropriations …

Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank (Afreximbank) and its subsidiaries have reported a 31.73% increase in income to US$393.4 million for the quarter ending March 31, 2024, driven by significant growth in loans and advances. The Group’s interest income surged by 40.07% to US$721.8 million, as the net …

Kampala, Uganda | THE INDEPENDENT | Pay-tv firm, DStv has introduced DStv Stream no dish no decoder, a standalone streaming service that opens up a new era for the modern, connected household. The DStv Stream is an addition to DStv’s product line-up, offering flexibility and freedom to enjoy a wide array …

Gulu, Uganda | THE INDEPENDENT | The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has encouraged farmers in the Acholi Sub-region to tap into the vegetable oil market as the country grapples to sustain edible oil production. The government is currently implementing the National Oil Seeds Project, a seven-year …

Kampala, Uganda | THE INDEPENDENT | Over 271 cases of investor fraud have been recorded by the State House Investors’ Protection Unit (SHIPU) online portal since its launch five months ago. Edith Nakalema, the State House Investors’ Protection Unit commander who was speaking about the one year since SHIPU was established, …

  Kampala, Uganda | THE INDEPENDENT | Britam, a leading financial services provider in Uganda is set to transform the insurance and financial services landscape with the introduction of “My Britam,” a suite of self-service portals. The launch of both an investment and insurance portal marks a pivotal development in Britam Uganda’s commitment to digital transformation and customer empowerment. …