Business

Kampala, Uganda | THE INDEPENDENT | The effects of harsh weather conditions are not only causing discomfort for Ugandans but are also impacting the economy, with rising food prices contributing to inflationary pressures. The latest Consumer Price Index (CPI) report from the Uganda Bureau of Statistics (UBOS) shows that annual …

Kampala, Uganda | THE INDEPENDENT | The government has vowed to clear the half a trillion hhillings owed to contractors under the Ministry of Works and Transport, before the end of this year. The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, says these monies will be cleared over …

KAMPALA, UGANDA | Julius Businge | Public Finance Management experts have urged African governments to take deliberate steps to improve tax-to-GDP ratios, manage public debt responsibly, and intensify the fight against corruption through effective Public Finance Management (PFM) reforms. Speaking at the second edition of the Public Finance Management Conference for …

KAMPALA, UGANDA | THE INDEPENDENT | James Onyutta, the Managing Director of FINCA Uganda, recently shared his inspiring career and personal journey on a local radio station. With over 25 years in the financial sector and a wealth of experience working in different countries, Onyutta’s story is one of resilience, …

KAMPALA, UGANDA | THE INDEPENDENT | Housing Finance Bank (HFB) and the Uganda Energy Credit Capitalization Company (UECCC) have recently launched a partnership to accelerate the adoption of renewable energy solutions in Uganda. With a Shs5 billion credit facility dedicated to financing solar energy, biogas, and other sustainable energy solutions, …

After revisions and trade of barbs between the two sides, Zelensky appears more open to the current version of a framework agreement on the joint development of Ukraine’s natural resources with the United States, despite his previous stance that he “will not sign what ten generations of Ukrainians will have …

  Kampala, Uganda | THE INDEPENDENT | dfcu Bank has announced the appointment of Hope Lorna Nakhayenze as its new Chief Risk Officer, effective 1st March 2025.  The Bank stated that in this role, she would be responsible for overseeing risk management under the direction of the Board Risk Committee. …

BRUSSELS | Xinhua |  Transatlantic trade tensions have escalated following U.S. President Donald Trump’s announcement of a 25 percent tariff on European imports, with European countries warning that Europe will react “firmly and immediately” against unjustified barriers. The tariff plan announced by Trump on Wednesday covers various European imports, including …

Kampala, Uganda | THE INDEPENDENT |  As the Airtel Money Back-to-School ‘Pay and Win’ campaign enters its final stretch, hundreds of parents and guardians have benefited, reinforcing Airtel Uganda’s continued commitment to financial inclusion and convenience during the back-to-school season. Since its launch on 27th January 2025, the campaign has rewarded …

Kampala, Uganda | THE INDEPENDENT |  The highly anticipated 9th edition of the Pearl of Africa Tourism Expo (POATE) 2025 and the “Tell Your Story – Explore Uganda” campaign has been launched in Kampala this week. This premier tourism and travel trade show will take place from 21st to 24th May …