Business

Kampala, Uganda | THE INDEPENDENT | Online retail giant Amazon plans to cut another 9,000 jobs as it seeks to save costs, the BBC reported on March 22. The firm, which employs 1.5 million people worldwide, said the cuts would fall mainly in areas including cloud computing and advertising. It did …

Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited through its Fintech subsidiary FlyHub, has announced a five-year partnership with Refactory—a training academy that offers alternative industry-led skilling services for the technology sector. The partnership signed on March 22 at SUHL offices in Kampala will help equip local business leaders, …

Kampala, Uganda | ISAAC KHISA | A little more than five years ago, Small and Medium Enterprises had limited options to receive payments from customers and businesses. They relied on cash and sometimes on cheques or bank transfers, methods that were deemed inconvenient. But this has since changed, thanks to the …

Entebbe, Uganda | THE INDEPENDENT | Entebbe airport averaged 4,992 arrivals and departures per day in February as services indicate a steady recovery to pre-COVID times. Entebbe International Airport recorded 66,565 arrivals and 73,217 departures, a total of 139,782 passengers, which is an average of 4,992 per day in February …

Mbarara, Uganda | THE INDEPENDENT | Grape farmers in Mbarara are concerned that they are earning less from the crop due to the absence of an agronomist to offer expertise on the processes for growing and harvesting the crop. There are more than 200 grape farmers in Ibaare, Nyamatojo and Nyakayojo, …

  Jinja, Uganda | THE INDEPENDENT | Eskom Uganda has today handed back Nalubaale and Kiira Hydropower Plants to Uganda government. Eskom Uganda’s  20-year concessions to manage and operate the facilities have come to their natural end this month. The firm has managed the Nalubaale (Owen Falls Dam) and Kiira HPP …

Nairobi, Kenya | THE INDEPENDENT |  Equity Group, East and Central Africa’s largest financial institution, has enhanced  its position as one of the strongest banking brands globally by scoring highly, in the 2023 Brand Finance’s Brand Strength and Brand Value rankings. In its second consecutive appearance in the Brand Finance …

Kampala, Uganda | ALI MONZER | MTN Uganda, like most telecom companies around the world, has recorded rapid transformation in its operations, customer experience and development of various products and services aimed at responding to evolving consumer needs. From voice calls to SMS services and internet to mobile financial services, MTN Uganda …

Johannesburg, South Africa | THE INDEPENDENT | Absa’s leading role in sustainable financing supports move towards zero emissions as the Group makes significant strides in meeting renewable energy loan targets Absa Group, Africa’s largest funder of renewables, announced today its long-term ambition to reach Net Zero state by 2050 for …

Kampala, Uganda | THEINDEPENDENT | On March 16, the Board of Directors of Bank of Baroda (Uganda) Limited informed its shareholders and the general public that Raj Kumar Meena had resigned as the Managing Director of the Company effective 15th March 2023. Raj Kumar Meena was appointed as Bank of Baroda Managing …