Business

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has launched a competitive Trade Finance Solutions campaign dubbed “Tambuza Business” (Move your business). The Campaign is aimed at simplifying the trade chain through facilitation of purchase, sale and movement of goods and services from sellers to buyers locally and across …

Gulu, Uganda | THE INDEPENDENT | A driver and his turn man died on Monday after a fuel tanker they were traveling in overturned before catching fire along the Gulu-Nimule highway in Amuru District. The Incident happened in Pachilo-Oduti village in the Atiak sub-county. The victims were traveling in a Mercedes …

The new terminal has the capacity for up to one million passengers annually, almost five times the airport’s pre-existing terminal. The country is hoping that the new facility will allow the country to tap into a post-pandemic surge in tourism and air transport across the continent Freetown, Sierra Leone | …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …

Kampala, Uganda | THE INDEPENDENT | RentBeta, is a digital financial solutions platform for managing rental properties and has been launched, tailored with extra service focused on making life easier for both landlords and tenants through online interactions. “Most landlords are on the lookout and some have adopted unreliable solutions to …

Nairobi, Kenya | THE INDEPENDENT | Airtel Africa  has restated its commitment to the relentless pursuit of a better future for African children through the provision of access to digital education. Dr Segun Ogunsanya, CEO of Airtel Africa plc that is a leading provider of telecommunications and mobile money services …

Kampala, Uganda | THE INDEPENDENT | TikTok is setting a 60-minute daily screen time limit for users who are aged under 18. If young people hit the new limit, they will have to enter a passcode to continue to use the service that day, BCC reported March 3. But they will …

French Court dismissal of case against TotalEnergies shatters hope Kampala, Uganda | RONALD MUSOKE | On Feb.28, the Paris Civil Court dismissed a landmark case filed by six French and Ugandan NGOs against French oil major, TotalEnergies, for the oil project it is currently developing in Uganda. The environmental groups wanted …

Kampala, Uganda | THE INDEPENDENT | The Parliament select committee investigating the operations of the National Social Security Fund (NSSF) has dismissed allegations of financial loss on select investment projects in their report tabled in Parliament on March 1, 2023. These projects include the investment in MTN, Quality Chemicals, construction …

The company distributes power in nine service territories covering 74 districts countrywide Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has reported a 9% increase in revenues to Shs80.1bn for the period ended June 2022 citing an increase in operational efficiency and increased customer connections. UEDCL Managing …