Business

This is the first regional office outside Africa to facilitate trade with the continent Barbados | THE INDEPENEDENT | African Export-Import Bank, Africa’s leading Multilateral Financial Institution, made history on March 25, when it broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal …

60% of Uganda’s national budget is allocated through public procurement, providing substantial opportunities for suppliers Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) Uganda is set to award contracts totaling Shs 827 billion by the end of the 2024/25 financial year, as announced during the 9th annual …

Kampala, Uganda | THE INDEPENDENT | The 2022 Mining Act for the first time recognized artisan miners as key players in the mining sector in Uganda. Artisanal and small-scale mining (ASM) range from informal individual miners earning a subsistence livelihood to more formal and regulated small-scale entities producing minerals commercially. …

KAMPALA, UGANDA | THE INDEPENDENT | Vivo Energy Uganda, the company behind Shell fuels and lubricants, has launched a nationwide initiative to introduce Shell Gas as a clean and efficient cooking solution for schools, starting with a flagship project at King’s College Budo. This move aligns with the government’s push …

Equity Bank Uganda and FITSPA Strengthen Digital Financial Inclusion through Fintech Collaboration Kampala, Uganda | THE INDEPENDENT |  Gift Shoko, Managing Director of Equity Bank Uganda, has re-affirmed that the future of banking is not just about banks but more about strategic partnerships and shared infrastructure with FinTechs to provide seamless …

Kiboga, Uganda | THE INDEPENDENT |   Rhoda Nakintu, Administrative Secretary for Kiboga District has called on the women to practice the habit of saving and lead in the discipline of repaying loans diligently. “Through Equity Bank’s support, I have learned that consistent repayment opens doors to greater opportunities. The real obstacle …

COMMENT | Samson Tinka | At 9.25am on May 18th, it is planned that Uganda Airlines will depart Entebbe International Airport for Gatwick London. At exactly 16:55hrs, the Airbus A330-800 Neo will touch down. The journey from Entebbe to London that has been hitherto 18 or 18 sometime 22 hours depending …

  Equity Bank Rwanda, Tanzania, Uganda, and DRC all recorded impressive growth in returns with market almost doubling Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has reported a robust 17% increase in net profit to Kshs 48.8 billion for 2024, as the Nairobi-based regional lender capitalised on a …

The lender has proposed a total dividend payout of Shs 300 billion to its shareholders reflecting a 7.1% annual increase compared to the previous year Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and its subsidiaries, has posted a 16.2% growth …

  Kampala, Uganda | THE INDEPENDENT | In an era marked by economic volatility and rapid technological change, Old Mutual Investment Group Uganda (OMIG) has reaffirmed the critical role of diversification in building resilient investment portfolios. Godfrey Bukomeko, Investment & Financial Adviser at Old Mutual, emphasized in a statement that …