Business

Emerald Hotel case delivers landmark win for lenders, sets new rules for receivership and credit enforcement Kampala, Uganda | THE INDEPENDENT |  A landmark decision by the Court of Appeal in the long-running Emerald Hotel case has redefined the legal terrain for secured lending and insolvency practice in Uganda, experts …

Equity Group spearheads regional trade and investment mission to Uganda and Tanzania Kampala, Uganda | THE INDEPENDENT | Equity Bank has been hailed for mobilizing entrepreneurs from 17 countries to visit the country, a remarkable step towards deepening investment in Uganda. “Equity bank’s commitment to wealth creation and prosperity for Africans through access …

The lender plans to driving corporate banking leadership through industry-specific initiatives, particularly asset finance, and invest in digital technologies Kampala, Uganda | JULIUS BUSINGE | NCBA Bank Uganda is pushing 2025 with an ambitious outlook, positioning itself to deepen its leadership in corporate banking, scale up its digital transformation efforts, and …

Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has announced a strategic partnership with World Navi Company Limited, a prominent Japan-based motor vehicle dealership, introducing a groundbreaking Vehicle and Asset Financing solution. This initiative is designed to make car ownership in Uganda more accessible, reliable, and affordable for both individuals and …

Kampala, Uganda | THE INDEPENDENT | Quality Chemical Industries Limited (Qcil) is set to construct a second factory after it secured financing from Stanbic Bank. Qcil, Uganda’s leading manufacture of essential drugs like HIV antiretroviral pills and antimalarials, secured the $36 million (sh133 Billion ) debt facility from Stanbic Bank …

Kampala, Uganda | THE INDEPENDENT | Uganda’s heritage gin, Uganda Waragi has renewed its sponsorship for the 4-day Pearl of Africa Tourism Expo (POATE) at the Speke Resort Munyonyo convention centre. This marks the second year of support for the prestigious tourism event running from the 20th to the 24th …

Masaka, Uganda | THE INDEPENDENT | The lack of proper knowledge, coupled with customer resistance and misconceptions, has been blamed for the slow adoption of Environmental, Social, and Governance (ESG) principles in lending practices among microfinance institutions in the Masaka region. The ESG framework, adopted in 2022 by United Nations …

Uganda National Household Survey 2023/24 uncovers mixed economic realities Kampala, Uganda | JULIUS BUSINGE | The latest Uganda National Household Survey (UNHS) 2023/24 has painted a complex picture of Uganda’s socio-economic landscape, revealing promising strides in income equality and service access, while also spotlighting persistent poverty and stark regional disparities. According …

Nakasongola , Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has commissioned a US$5 million cassava processing plant by Pura Organic Agro-Tech in Nakasongola, marking a major step in Uganda’s industrial value addition drive. The factory, with an annual production capacity of 40,000 metric tonnes of high-grade cassava starch, …

Luwero, Uganda | THE INDEPENDENT | President Yoweri Museveni has directed the Chief of Defence Forces, Gen. Muhoozi Kainerugaba, to establish an inter-agency security committee to decisively address the growing cases of electricity infrastructure vandalism in central Uganda. The president’s directive follows a spate of vandalism incidents that have left several …