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Vivo Energy announces second round of Shell FuelSave winners.

KAMPALA, UGANDA | THE INDEPENDENT | Vivo Energy Uganda, the company that markets and distributes Shell products across the country, on Saturday, rewarded 30 lucky winners during the second weekly draw of its ongoing Shell FuelSave Diesel ‘Omunene W’ekkubo’ campaign. The event took place at Shell Kawempe Service Station, celebrating …

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Afreximbank posts $973.5 million profit

The lender also continued to expand its continental footprint, with Libya and Somalia joining its list of African member states, bringing the total to 54 ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, Afreximbank, reported a 29% surge in net income to $973.5 million for the full year 2024, defying global …

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MTN’s SASE solution powers PostBank’s digital revolution

Kampala, Uganda | THE INDEPENDENT | Post Bank Uganda has achieved a major milestone in its digital transformation journey by successfully implementing MTN Uganda’s Secure Access Service Edge (SASE) solution, enhancing operational efficiency, network security, and customer experience, executives said on April 16. The six-month Proof of Concept (POC), completed in …

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MTN MoMo posts Shs 250.2 bn in net profit

Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech arm, MTN Mobile Money Uganda Ltd has recorded a 23% increase in net profit to Shs 250.2 bn for the year ended 31 December 2024, underscoring the growing centrality of digital payments to Uganda’s economy. Revenue climbed 25.2% to Shs 981.9 bn …

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