The bank is also expanding its footprint across the country with establishment of regional offices, with the initial one set up last in Gulu City last year, besides online channels Kampala, Uganda | THE INDEPENDENT | In a significant move to bolster the Ugandan economy, the Uganda Development Bank (UDB) disbursed …
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Kalaa Mugosi Women Empowerment Ltd, serving 1,246 small-scale farmers, has been at the forefront of advocating for economic empowerment to improve community livelihoods Sironko, Uganda | THE INDEPENDENT | Kalaa Mugosi Women Empowerment Ltd, a community-based social enterprise located in Sironko District, Eastern Uganda, has historically encountered challenges in processing and …
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Kampala, Uganda | THE INDEPENDENT | MTN Group and Huawei signed a Memorandum of Understanding for a Joint Innovation Technology Lab, aiming to deepen cooperation in technological innovation. The signing ceremony, which was held at MWC Barcelona, Spain was attended by senior delegations from MTN and Huawei on Feb.28. This strategic …
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The company plans to invest about US$30million in the short and long term Kampala, Uganda | THE INDEPENDENT | Turkish real estate firm, VAAL Real Estate, has entered the Ugandan market with its flagship housing project dubbed CADENZA valued at approximately US$30 million. The construction works for CADENZA located in …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by that position, an Executive Director on the company Board, effective March 1, 2024. Semakula who was previously with UMEME succeeds Joram Ongura, the …
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Arua, Uganda | THE INDEPENDENT | Arua central police station is holding five staff of Post Bank over the alleged theft of Shillings 138 million. The suspects include Leonard Lakwey, the Operations Manager, Walter Feni, the Customer Service Officer, Resty Lunkuse, David Tenywa, and Brian Olara Okidi, all banking officers at …
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Kampala, Uganda | THE INDEPENDENT & AGENCIES | Kenyan tea industry export earnings surged by 31% to a historic high in 2023, buoyed by an increase in export volumes and a depreciating local currency. The Tea Board of Kenya said that the sector’s earnings reached US$1.22 billion, up from US$940 million …
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COMMENT | DAVID BIRUNGI | This year marks 25 years since the reforms that have progressively transformed the communications sector in this country. We join in celebrating the Uganda Communications Commission (UCC) that has presided over most of these reforms – some bad, most of them transformative. In 1989 when …
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The company faces numerous challenges such as limited funding,long distances of distribution networks and high energy losses Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has recorded a 10.5% surge in revenue to Shs88.5bn for the year ended June 2023. The company executives revealed during the Annual …
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BEIJING, CHINA | Xinhua | Chinese Vice President Han Zheng on Friday called on the business circles of China and the United States to consolidate the foundation of friendship and mutual trust and expand cooperation areas. Han made the remarks when addressing the annual appreciation dinner of the American Chamber …
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