Cloud computing infrastructure, analytics hailed for transforming business processes Kampala, Uganda | IAN KATUSIIME | US-based tech powerhouse Oracle has teamed up with Eclectics International, a leading Kenyan IT firm, to provide innovative technological solutions aimed at driving business efficiency and digital transformation across East Africa and beyond. The partnership was …
Read More »Uganda Airlines hosts landmark Uganda-UK trade and business forum ahead of Entebbe–London route launch
KAMPALA, UGANDA | Julius Businge | In a high-level convergence of business, diplomacy, and strategic vision, Uganda Airlines hosted the Uganda–UK Trade and Business Forum at the Sheraton Kampala Hotel on April 16. The event marks a defining moment in Uganda’s aviation and economic landscape as the national carrier prepares …
Read More »Argentina receives $12 billion IMF bailout
BUENOS AIRES | Xinhua | Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country’s gross international reserves to 36.8 billion dollars, according to …
Read More »AFDB: Africans should stop crying over lost USAID aid
“Africa should improve governance in order to improve transparency, close illicit financial flows. Africa loses almost ninety billion dollars every year. That is far much more than we get from aid and Foreign Direct Investment (FDI) every year” Abidjan, Cote d’Ivoire | THE INDEPENDENT | African Development Bank Group Secretary General …
Read More »Old Mutual Partners with NxtPe and Airtel Money to simplify insurance premium payments
KAMPALA, UGANDA | THE INDEPENDENT | In a major step toward enhancing financial inclusion and customer convenience, Old Mutual Life Assurance has entered into a strategic partnership with NxtPe and Airtel Money to launch a new digital premium payment solution. This collaboration introduces a seamless platform that allows customers to …
Read More »Centenary Bank’s MD nominated as Rotary District Governor Designate
Kampala, Uganda | THE INDEPENDENT | Centenary Bank Managing Director Fabian Kasi has been announced as the District Governor Nominee Designate. This honor will see him serve as the District Governor for Rotary Clubs in District 9213 during the 2027 – 2028 Rotary year. The announcement was made during the …
Read More »How Trump’s tariffs could wreak havoc on North America’s auto supply chains
NEW YORK | Xinhua | Ford CEO Jim Farley warned at a recent investor conference in New York that levying steep tariffs on imported goods “would blow a hole in the U.S. industry that we’ve never seen.” For years, the U.S. auto supply chains have been deeply integrated with its …
Read More »EXPERTS: PDM cash minus market support waste of time
Kampala, Uganda | THE INDEPENDENT | Experts have warned that the continued extension of handouts or money to farmers through programmes such as the Parish Development Model (PDM) without offering them support on how to market their products will not help them create sustainable wealth. Delivering a keynote address …
Read More »Armed thugs rob Hoima businesswoman in daring raid
Hoima, Uganda | THE INDEPENDENT | Unknown armed thugs raided a shop in Hoima City on Tuesday morning, robbing a businesswoman of sh2.5 million and several other valuables. The robbery occurred at around 3:30 a.m. near the Shell Pump Fuel Station in the heart of Hoima City. According to information obtained …
Read More »Equity Bank, Liberty Life and Turaco partner to offer disruptive Equi-Life insurance solution
Equi-Life: Transforming Insurance Access in Uganda BUSINESS ANALYSIS | THE INDEPENDENT | Uganda’s insurance sector has demonstrated significant growth in recent years, with gross written premiums increasing from UGX 1.44 trillion in 2022 to UGX 1.6 trillion in 2023, this is according to the Insurance Regulatory Authority of Uganda (IRA) …
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