COMMENT | Gloria Kunihira Mujuni | Access to finance is a fundamental pillar for economic growth, yet many individuals, small businesses, and educational institutions in Uganda struggle with limited financial options. As Uganda continues to experience economic expansion, the role of financial institutions in providing diverse financial solutions—such as unsecured …
Read More »EU boosts Uganda’s coffee, timber sectors with major investments in Mityana
Mityana, Uganda | THE INDEPENDENT | The European Union (EU) has ramped up its support for Uganda’s crucial coffee and timber sectors, unveiling a 5000 metric ton coffee processing facility and pledging further investment in sustainable forestry amidst the backdrop of pressing environmental and economic challenges. According to officials, the …
Read More »BLACK: Uganda’s homegrown tech revolution
TECH NEWS | THE INDEPENDENT | In a world where technology drives lifestyles, BLACK has emerged as a proudly Ugandan brand redefining audio and wearable electronics. As Uganda’s first Direct-to-Consumer (D2C) audio and wearables brand, officials say BLACK is not just about innovation— “it’s about celebrating the creativity, resilience, and …
Read More »Vivo Energy honours safe drivers for 18 million Kilometers of incident-free travel
KAMPALA, UGANDA | THE INDEPENDENT | Vivo Energy Uganda celebrated outstanding road safety achievements at its annual Drivers’ and Hauliers’ League Awards, recognizing over 400 truck drivers and seven transport companies for collectively driving over 18 million kilometres in 2024 without a single road incident while delivering Shell-branded fuels. The …
Read More »ICEA LION and Post Bank reward best teller with trip to Dubai
Kampala, Uganda | THE INDEPENDENT | Barbra Amuge, a teller at Post Bank Kawempe Branch, has been named as the winner of this year’s Bancassurance Award that is run by ICEA LION Life Assurance and Post Bank. Amuge’s outstanding performance earned her an all-expenses-paid trip to Dubai, a well-deserved recognition of her dedication …
Read More »Chinese private firms make progress in 2024 foreign trade
BEIJING | Xinhua | China’s private enterprises remained the leading category of foreign trade operators in the country for a sixth straight year, making notable achievements in foreign trade in 2024, according to the General Administration of Customs. These achievements include the number of private enterprises that conducted import-export activities …
Read More »What Sets Apart Bookies in Africa From Those Operating Elsewhere
Online bookmakers have become some of the most popular websites in many parts of the world. Once people realized the advantages of using such sites, they decided to focus on them instead of land-based operators. Although some sites are available in many countries, the truth is that they offer …
Read More »Ecobank Uganda strengthens SME ties with consultative workshop
KAMPALA, UGANDA | THE INDEPENDENT | Ecobank Uganda recently hosted a successful Small and Medium Enterprises (SME) Consultative Breakfast Workshop at the Sheraton Hotel, bringing together over 80 key SME clients and bank staff. The event, organized by Ecobank Transnational Incorporated’s Ugandan subsidiary, aimed to enhance business relationships and showcase …
Read More »2024 REPORT: UDB approved 171 projects, set to create 17,832 jobs
UDB posts robust performance for 2024; hailed for supporting Bwera School of Nursing and Midwifery Kasese, Uganda | THE INDEPENDENT | Uganda Development Bank Limited (UDB) has reported significant year-on-year growth for 2024, showcasing robust performance across key metrics, characterized by healthy asset quality and increased development impact throughout the country. …
Read More »COMMENT: Trump ‘reciprocal tariffs’ could trigger ripple effects on global economy
COMMENT | Maya Majueran | U.S. President Donald Trump has instructed his economic advisors to formulate comprehensive plans for implementing “reciprocal tariffs” on nations that tax U.S. imports, as part of a broader strategy to address what the administration perceives as unfair trade practices. Such measures, however, carry significant risks …
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