Business

The regional firm’s core product range includes various sizes and types of water storage and supply products including water tanks, underground tanks, drums and pipes Kampala, Uganda | THE INDEPENDENT | Africa’s largest mezzanine debt fund manager, Vantage Capital, has made a substantial investment into Aquasantec International, a manufacturer and distributor …

Kampala, Uganda | AGENCIES | A new European law that imposes the first ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next three years before it is fully implemented. A carbon tax is a type of levy imposed on …

Kampala, Uganda | JULIUS BUSINGE | Less than half of local entities have data protection policies, strategies, and frameworks, a new report shows, signaling possible chances of data privacy breaches. The Ernst & Young (EY) report released in Kampala on July 18 following a survey of various entities including financial institutions, …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has launched a new campaign targeting individuals in the insurance sector. Robert Muhiire who is dfcu Bank’s Principal Officer Bancassurance said the campaign is dubbed ‘Cover with Us’ and will provide a variety of insurance solutions to the Bank’s customers, which can be …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their smartphones as Point-of-Sale machines. The functionality was unveiled during a launch event held at the National Theatre and will enable small businesses to accept card-based …

PSST Ramathan Ggoobi wants timely execution of government programmes   Kampala, Uganda | JULIUS BUSINGE | Uganda’s Ministry of Finance Planning and Economic Development on July.18 released funds for the first quarter of FY2023/24 totalling Shs 4.8 trillion to meet the government expenditures. This represents 9% of the Shs 52.7 trillion …

More than 600,000 customers are now using MTN MoMo as a mode of payment Kampala, Uganda | THE INDEPENDENT | MTN Uganda hopes to grow its MTN Mobile Money business on a newly launched mobile-based supply chain platform that allows businesses in the Fast-Moving Consumer Goods (FMCG) to place orders, generate …

Kampala, Uganda | THE INDEPENDENT | One of the world’s patent holders, Huawei, announced royalty rates for its handsets, Wi-Fi, and IoT patent license programs. The company’s Chief Legal Officer, Song Liuping said: “Huawei is willing to share cutting-edge innovations in the form of patents with the world. These will support …

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority’s Commissioner General, John Rujoki Musinguzi, has been awarded the prestigious ‘Always Be Tolerant Organization’ (ABETO) Africa Award, a coveted recognition accorded to people who greatly impact their countries. The founder of ABETO, Moses Musana commended Musinguzi for greatly changing the trends …