Countries across the continent are rapidly adopting national digital ID systems, a key pillar of the continent’s growing internet economy. These digital identities promise financial inclusion, secure online transactions and improved access to public services, all while strengthening fraud prevention. SPECIAL REPORT | BIRD AGENCY | African nations are rapidly …
Read More »Wendi Mobile Wallet digitizes Parish Development Model payments
PostBank’s mobile wallet revolutionizes financial inclusion in Uganda Kampala, Uganda | THE INDEPENDENT | Wendi mobile wallet developed by PostBank has revolutionized the payment process for the Parish Development Model (PDM) program through its innovative digital platform. By leveraging cutting-edge technology, Wendi has successfully digitized PDM payments, reducing processing time, …
Read More »EU, Denmark to fund Uganda’s first Climate-Resilient Market
Kampala, Uganda | THE INDEPENDENT | Uganda is set to build a first climate-resilient market at Elegu, backed by funding from the European Union and Denmark. The facility will host up to 1,500 traders and will be designed to endure extreme weather disruptions, particularly flooding, which has long plagued the …
Read More »IRA sets Annual Insurance Week for March
Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority of Uganda (IRA) has officially announced the 4th Annual Insurance Week, set to take place from March 10 to 13, 2025, under the theme “Redefining Insurance: Trust, Innovation, and Inclusivity.” The event will be held at Millennium Park (formerly KCCA Grounds) …
Read More »Collective investment scheme assets exceed Shs3.85tn
However, Kenya leads the region with a significantly higher AUM of US$ 2.44 billion Kampala, Uganda | JULIUS BUSINGE | Uganda’s Collective Investment Schemes (CIS) licensed by the Capital Markets Authority (CMA) in Uganda surpassed Shs3.85 trillion (US$ 1.05 billion) in assets under management (AUM) as at the end of Dec …
Read More »Uganda Baati fueling industrial growth at Inspire Africa’s Coffee Park in Ntungamo district
Ntungamo, Uganda | THE INDEPENDENT | Uganda’s industrial sector continues to expand, with manufacturing growing by 7.9% and agriculture’s gross value-added increasing by 4.4% in Q3 of 2023/24, according to the Uganda Bureau of Statistics. As the country prioritizes value addition, particularly in agriculture, Uganda Baati has continued to play …
Read More »UEGCL reports 60% growth in net profit to Shs54bn
UEGCL’s remarkable progress in financial growth and energy generation is a testament to Uganda’s commitment to sustainable energy development, according to Minister Nankabirwa Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) has reported a 60% increase in net profit for the 2023/24 financial year to Shs54 …
Read More »BOU Governor to Airtel: Create more digital and financial products for the masses
Kampala, Uganda | THE INDEPENDENT | Newly named Governor of the Bank of Uganda, Dr. Michael Atingi – Ego, has challenged the Airtel Uganda Ltd and Airtel Mobile Commerce Uganda Ltd team to create more Digital and Financial Products for the masses. Dr. Atingi made the remarks while welcoming the new …
Read More »Time Ethiopia ends visa barriers for Africans
Many African countries still maintain restrictive visa policies. Even more concerning is that current visa policies often make it easier for non-African travelers, such as Americans and Europeans, to move freely across the continent than African citizens themselves. COMMENT | MAHLET AYELE BEYECHA – CONNECT2AFRICA | The 38th AU Assembly, scheduled …
Read More »Four Powerball Rolldown winners claim over sh28 million each
Kampala, Uganda | THE INDEPENDENT | ITHUBA, the operator of the Uganda National lottery has announced that four lucky winners shared the sh100 Million guaranteed through the Powerball Rolldown draw held on 31st January 2025. They have come forward to claim their prizes of over UGX 28 million each. The …
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