Business

Johannesburg, South Africa | AFP | South African telecommunications giant MTN on Thursday said its subscriber base grew by 16 million customers last year to 233 million, good news for the embattled mobile operator. MTN faces regulatory issues in some of the countries it operates in, including the largest, Nigeria. A …

London, United Kingdom | AFP | Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich …

  Kampala, Uganda | THE INDEPENDENT | The Permanent Secretary Ministry of Finance and Secretary to the Treasury Keith Muhakanizi has advised against the payment of Sh40 billion to 10 companies that supplied grain to the South Sudan Government. Parliament last year approved a request from the government to clear …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said government is focused on achieving a global trade surplus. Uganda’s trade deficit currently stands at $2.9 billion, but has got surplus with their east African neigbours. Museveni said that since Uganda is exporting more to the region than it imports, …

Good innovations but utilization needs to be boosted | IAN KATUSIIME | When one talks about financial inclusion in Uganda, it is always mobile money that comes into their minds first. The mobile money system is now entrenched and is even a substitute for banks. Mobile money has successfully brought …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has summoned the Attorney General to appear in the House this week after MPs questioned the involvement of the UPDF in the fishing industry particularly on Lake Victoria. The Attorney General is expected to explain the laws regulating the …

  COMMENT | SAMUEL KARIUKI | The last 20 years of real estate boom in East Africa has changed our building landscape and inventory, as it quite rightly should have done. Our starting point was a region that was short of every kind of building, from housing, to shops, through …

    Kampala, Uganda | THE INDEPENDENT | Leading experts in Uganda’s tourism and hospitality sector are set to discuss creative approaches companies can harness to grow their businesses, at the third edition of Innovation Series Thursday, 7th March 2019 at Golf Course Hotel in Kampala. Eight speakers from different …

Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, has unveiled a full operation in the United Kingdom, opening up trade opportunities between the continent and European nations. This follows authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA (UK) Limited …

EFC Uganda Limited also known as EFC Uganda is a microfinance deposit-taking institution in Uganda and has been operating since 2012. The company’s Managing Director Shem Kakembo spoke to The Independent’s Julius Businge about their business. What is your description of EFC as a business as we speak? Our business …