Hoima, Uganda | THE INDEPENDENT | On June 17, Diamond Trust Bank opened a new branch in Hoima, along Main Street Hoima City in the mid-Western region of Uganda. The opening of the Hoima branch brings DTB Uganda’s branch network to 36. This comes in line with the bank’s …
Read More »UDB to scale up socio-economic interventions with Shs85 billion budget allocation
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB)has committed to scaling up its interventions with the 2023/23 national budget allocation to the Bank. The allocation to the the country’s national development finance Institution was announced during the 2023/24 budget reading by the Minister of Finance, Planning and Economic Development, …
Read More »New Fund for Agroecology enterprises launched
Kampala, Uganda | THE INDEPENDENT | On June 15 SHONA and Biovision Foundation launched The Neycha Accelerator and Fund (Neycha) to identify and partner with growth-oriented Agroecological Enterprises (AEEs) in Uganda and Kenya, providing them with the capacity, capital, and connections they need to grow their impact and businesses. By supporting …
Read More »UAP Life Umbrella Retirement benefits scheme delivers unsurpassed benefits
Kampala, Uganda | PATRICIA AKANKWATSA | UAP Life Umbrella Retirements benefits scheme held a hybrid Annual General Meeting on 16th June 2024 where they declared 12.7% interest. The annual general meeting was opened by Ramlah Nantongo, on behalf of the scheme Trustee, KCB Bank who welcomed the online and the physical …
Read More »RCC Huddu Hussein launches Uganda Baati showroom in Masaka
Masaka, Uganda | THE INDEPENDENT | Uganda Baati Limited has officially launched its 13th showroom in Masaka City. According to officials, this is a strategic move by the company, aiming to bring its products and services closer to customers while catering to the growing demand for long-lasting and quality building …
Read More »New budget presents us with challenges and opportunities, says Absa Uganda MD
Kampala, Uganda | THE INDEPENDENT | The FY2023/24 budget presents both challenges and opportunities but through open and constructive engagements, Ugandans can navigate through these times effectively, according to Mumba Kalifungwa, the Managing Directro for Absa Bank Uganda. Kalifungwa was speaking at a budget breakfast meeting held in Kampala on …
Read More »Is this Nigeria’s energy turning point?
Nigeria’s President Bola Tinubu set the tone for the country’s energy future by signing the electricity bill into law shortly after taking office. His actions could signal a new path for Nigeria. SPECIAL FEATURE | BIRD AGENCY | Nigeria’s new energy bill, which updates the Electric Power Sector Reform Act …
Read More »Equity Bank launches Eazzy Stock financing
Kampala, Uganda | THE INDEPENDENT | Equity bank has launched its latest credit product- Eazzy Stock financing. Eazzy Stock is a digital credit product designed to empower businesses by providing them with the opportunity to unlock the value of their goods and access much-needed capital for growth and …
Read More »UGANDA BUDGET: President takes over final approval of loans to limit debt
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …
Read More »Kasaija to limit domestic borrowing as Uganda’s public debt soars
Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt to GDP will reduce by the end of this financial year as the government tries to ensure economic stability and future growth. According to Finance Minister, Matia Kasaija, Uganda’s public debt stood at 80.2 trillion shillings or over twenty-one billion dollars …
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