Business

Six banks adjust growth strategies, as Equity Bank dips into a loss territory Kampala, Uganda | JULIUS BUSINGE | Uganda’s biggest banks recorded bumper profits in 2023 amidst industry turmoil that forced smaller banks to either divest their shares or voluntarily downgrade to credit institutions in response to the regulator’s revised …

Kampala, Uganda | THE INDEPENDENT |  Technology is the major catalyst for spurring insurance uptake and penetration in the foreseeable future according to Jubilee Life Insurance’s Diana Ndege Ssempasa. Ssempasa who was speaking at the 13th Annual Insurance Agents Awards held recently at Speke Resort Munyonyo said emerged as the …

Kampala, Uganda | THE INDEPENDENT | The Uganda Insurers Association (UIA) has expressed optimism that recognizing top-performing industry agents will significantly boost insurance penetration and contribute to the sector’s overall growth. During the 13th Annual UIA Insurance Agents Awards held on April 26 at Speke Resort Munyonyo, UIA’s Chairman of the …

Kampala, Uganda | THE INDEPENDENT | On May 2, tech giant, Huawei Technologies held a Cloud Enterprise Innovation and SME Summit 2024 in Kampala where over 100 industry startups, fintechs, venture capitals, government organizations, and key strategic partners unanimously agreed that SME development is only possible when technology is embraced. Charles …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has strengthened its grip on the mobile networks market, growing its new customer base by more than 500,000 in the past four months to hit 20 million. The telecom company’s subscribers stood at 19.5million as at the end of December 31, 2023, according …

MOMBASA, Kenya | Xinhua | Four African transport ministers agreed on Friday to expedite the completion of the remaining sections of the high-speed Standard Gauge Railway (SGR) from Naivasha, Kenya, to regional countries. The ministers of transport from Kenya, Uganda, the Democratic Republic of the Congo (DRC), and Rwanda, who …

Kampala, Uganda | THE INDEPENDENT | The pace at which the prices of annual food crops increased has contributed to the slowdown of inflation for the last 12 months ending April, according to the Uganda Bureau of Statistics-UBOS report. The Consumer Price Index (CPI) report released by UBOS indicates that …

Kampala, Uganda | THE INDEPENDENT | Old Mutual Investment Group, one of the leading African investment managers, celebrated the exceptional achievements of its sales agents at the prestigious 2023 Agency Awards and 2024 Incentive Launch held at Hotel Africana May 2. The event, aptly called “The 2023 Agency Awards and …

  Kampala, Uganda | THE INDEPENDENT | Roke Telkom, a homegrown provider of innovative telecommunications solutions, has launched a Fibre to the Home (FTTH) and Fibre to the Enterprise (FTTE) services campaign, taking internet connectivity for homes, businesses, and organizations to a new level. Dubbed “Live The Roke Life”, this …

Yumbe, Uganda | THE INDEPENDENT | There is a sigh of relief among fruit farmers in the West Nile sub region after Aringa Mango Farmers’ Cooperative Society Limited (Ltd) is set to commence buying mangoes for processing at Yumbe Mango Factory this season. The factory which is located in Lodonga sub …