Business

Kampala, Uganda | THE INDEPENDENT | Bank of Africa’s Managing Director, Arthur Isiko, has tipped Small and Medium Enterprises (SMEs) on access to finance as a key aspect for business growth. Isiko was speaking at a business forum hosted by the Bank at Tick Hotel in Kawempe, a Kampala suburb on …

  Kampala, Uganda | THE INDEPENDENT | At the Uganda Securities Exchange 20th anniversary celebrations that took place in Kampala recently, brokerage firm, Crested Capital was awarded the “Broker of the Year”. This meant it was the overall best broker in 2017 for key performance indicators of turnover, deals and volumes …

Remittance payments hit record in 2017: World Bank Washington, United States | AFP |  Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. Uganda’s remittance inflows improved from $1.1 billion  …

Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …

Washington, United States | AFP | The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing …

Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …

Kampala, Uganda | THE INDEPENDENT | As part of its five-year partnership with Buganda Kingdom, on April 10, Airtel Uganda handed over Shs 50 million to support the birthday celebrations of the Kabaka of Buganda, Ronald Muwenda Mutebi. The company’s partnership with Buganda Kingdom supports four of its main annual activities …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has scooped the 2017 Bank of Uganda Best Performing Commercial Bank of the Year in Government Securities award, Governor Emmanuel T. Mutebile announced on April 10. This is the 13th time the BoU was holding this event. It was also Stanbic’s sixth consecutive …

Kampala, Uganda | THE INDEPENDENT | On April 14, Uganda Breweries Limited under its Water of Life initiative kick started the planting of over 2000 indigenous trees on 40 hectares of land at Gangu Central Forest Reserve in Butambala District. This was part of the recently announced five year partnership where …

THIS WEEK: Traders welcome Landlords and Tenants Bill Kampala, Uganda | THE INDEPENDENT | Traders have welcomed the Landlords and Tenants Bill which will put an end to the practice of charging rent on commercial and residential property countrywide in foreign currency especially dollars. Cabinet already approved the bill and it …