Business

With Haiti’s signature, 12 of the 15 CARICOM member states have now acceded to the Partnership Agreement, with nine of them concluding its ratification New York, USA | THE INDEPENDENT | Haiti has become the 12th Caribbean Community (CARICOM) member state to accede the partnership agreement between and among CARICOM countries …

KAMPALA, Uganda | Xinhua | Ugandan President Yoweri Museveni and his visiting Central African Republic (CAR) counterpart Faustin-Archange Touadera have held talks aimed at developing transport infrastructure linking the two countries. Museveni on Wednesday told a public rally at celebrations to mark Uganda’s 62nd independence anniversary that the CAR could …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has emerged as a standout winner at the World Economic Magazine Awards 2024, receiving two prestigious accolades: Best Mortgage Loan Bank Uganda 2024 and Best Customer Service Bank Uganda 2024, it said in a press release. The World Economic Magazine Inc. Awards …

The conference concluded with a strong emphasis on national content development, recommending that mining regulations incorporate strategies to boost Ugandan participation Kampala, Uganda | JULIUS BUSINGE | The urgent need for increased funding in Uganda’s mineral sector took center stage at the 13th Mineral Wealth Conference, held in Kampala from Oct.1-2. …

Stanbic Uganda Holdings Ltd, Centenary Bank, and Absa Bank Uganda accounted for 60% of the industry’s aggregate profit Kampala, Uganda | THE INDEPENDENT | Uganda’s supervised financial institutions including commercial banks, micro-deposit-taking institutions (MDIs), and credit institutions, recorded a combined profit of Shs1.4 trillion for the year ending June 2024, a …

Kampala, Uganda | THE INDEPENDENT | PostBank Uganda, committed to its mission of “Fostering Prosperity for Ugandans,” has disbursed the first tranche of the GROW Loan, amounting to Shs6 billion. The funds have been distributed to 353 women entrepreneurs as part of a project funded by the World Bank and implemented …

Kampala, Uganda | Patricia Akankwatsa | On Friday, Global technology leader TECNO unveiled its AI-powered ecosystem in Uganda. This groundbreaking initiative marks a significant milestone in the country’s technological advancement and underscores TECNO’s commitment to providing innovative solutions that enhance the lives of Ugandans. The showcase featured the company’s latest innovations, including …

Kampala, Uganda | THE INDEPENDENT | FINCA Uganda is the newest player to acquire a bancassurance license from the Insurance Regulatory Authority (IRA). The license was handed over by Bernard Obel, the director for supervision at IRA ON Oct.4 in Kampala. This significant milestone empowers FINCA to deliver a comprehensive …

Amuru, Uganda | THE INDEPENDENT | Atiak Sugar Factory in Amuru District is seeking additional government financing to install water pipelines from the River Nile to support irrigation for sustainable sugarcane cultivation and sugar production. This request comes after the government’s injection of 108 billion shillings in a supplementary budget …

This becomes the fifth concession acquisition in the past seven years Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited (UEDCL) has officially taken over Kilembe Investments Limited (KIL), a rural power distributor in Uganda’s Western Service territory, marking the fifth concession acquired by UEDCL. The handover ceremony, held …