Business

Kampala, Uganda | THE INDEPENDENT | I&M Bank Uganda delivered a robust financial performance for the year ended 31 December 2024, as the institution reported significant growth across key financial metrics, including profit after tax, total assets, total revenue, net loans and advances, customer deposits, and shareholders’ equity. The bank’s success came amid strong national economic indicators, with Uganda’s GDP …

Uganda Waragi premium brings home 26th gold quality award at the 2025 Monde Selection Awards Kampala, Uganda | THE INDEPENDENT | Uganda Waragi, a product of Uganda Breweries has been awarded a gold quality award at this year’s Monde Selection Quality Awards. The Monde selection Awards are annual non-competitive awards …

Kampala, Uganda | THE INDEPENDENT |  Over 70 exhibitors have attended a briefing session ahead of the much awaited 3rd Edition of the Baby and Kids Expo East Africa, scheduled to take place from May 9th to 11th, 2025. Kiara Events Limited hosted the Exhibitor Briefing on Wednesday ahead of the …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Works and Transport has urged government departments to lead the way by insuring their assets, not only to reduce risk but to propel insurance penetration in Uganda. The minister, Gen Edward Katumba Wamala, says his ministry has most of its assets …

Kampala, Uganda | THE INDEPENDENT | The recent changes in electricity prices have had an immediate impact on the country’s energy sector inflation, as increased pressure is registered in other sectors. According to new figures from the Uganda Bureau of Statistics (UBOS), Uganda’s headline inflation in April 2025 nudged up …

New NWSC unit to combat corruption, protect customers Kampala, Uganda | THE INDEPENDENT | The National Water and Sewerage Corporation (NWSC) has established a dedicated Customer Protection Unit to combat corruption, infrastructure vandalism, and illegal water use, the utility’s managing director has announced. Eng. Dr. Silver Mugisha, NWSC’s managing director, …

  Kisoro, Uganda | THE INDEPENDENT | A 30-year-old shop attendant in Muramba sub-county, Kisoro district, is admitted to Kisoro hospital after being shot and reportedly robbed by unknown people. Kenneth Mucunguzi, an attendant at the shop of Michael Turinayo, a businessman in Mugomberero trading centre,  was attacked by four …

Hima Cement achieves 50% biomass fuel use Kampala, Uganda | THE INDEPENDENT | Hima Cement has announced  that over 50% of its fuel for cement production now comes from renewable biomass — a bold shift from fossil-heavy inputs like Heavy Fuel Oil (HFO). “Five and a half sums of energy now …

KAMPALA, UGANDA | THE INDEPENDENT | Uganda is urged to focus on exploiting resources where it has the potential to generate energy that is most affordable to the ordinary person and therefore sustainable. Gabriel Obiang Lima, the Minister for Finance, Economy and Planning of the petroleum-rich Equatorial Guinea, says that …

Kigali, Rwanda | THE INDEPENDENT | BK General Insurance Ltd, a subsidiary of BK Group, has announced plans to merge with Sonarwa General Insurance Ltd and Sonarwa Life Assurance Company Ltd, both owned by the Rwanda Social Security Board (RSSB). The move, announced on April 17, marks one of the most …