Business

Kampala, Uganda | THE INDEPENDENT | The stop EACOP campaigners are now targeting Chinese banks and insurance firms from funding the longest crude oil pipeline between Uganda and Tanzania. The latest move by the international and their local campaigners comes after they successfully fought off Western banks and insurance firms from …

Studies show Uganda has one of the highest soil nutrient depletion rates in the world Kampala, Uganda | RONALD MUSOKE | The African Development Bank Group’s Board of Directors has approved a project that seeks to procure 60,000 metric tonnes of fertilizer for 400,000 Ugandan smallholder farmers over the next three …

Kampala, Uganda | THE INDEPENDENT | Africa must set the terms and the time frames of its own energy transition. This was the message of South African Deputy President Paul Mashatile as he delivered the keynote speech at the African energy event dubbed Africa Oil Week. “We recognise the need to …

Kampala, Uganda | THE INDEPENDENT | An innovative solution utilizing artificial intelligence to identify optimal locations for Electric Vehicle (EV) charging points has clinched the top spot in the prestigious ‘TotalEnergies Uganda rEVolution hackathon.’ The ingenious solution presented by the TBKN team was unveiled as the winner during an awards ceremony …

Africa is grappling with mounting debt crisis, with total external debt surpassing the US$1 trillion-mark last year Kampala, Uganda | RONALD MUSOKE | Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has publicly endorsed the recent call by the African Development Bank Group, urging African governments to refrain …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has entered into a partnership with Pesapal, a leading secure payments service provider, to introduce Merchant Acquiring services for its customers. The collaboration aims to facilitate seamless Card and Mobile Money payments for dfcu Bank’s customers, addressing the growing demand for digital payment …

Kampala, Uganda | THE INDEPENDENT | The Minister for Finance and Economic Development, Matia Kasaija, has appealed to the Uganda Revenue Authority (URA) to devise effective tax collection strategies to bolster the country’s economy. His primary aim is to reduce the nation’s dependence on debt, a situation that has become …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has accused financial technology companies, and fintechs, of refusing to apply for licenses. BOU started implementing the regulatory framework for fintechs last year and started implementing the National Payments Systems Act which provides for the regulation of the small financial …

Kampala, Uganda | THE INDEPENDENT | The fight against illicit financial flows and money laundering is being limited by the lack of knowledge of the industry by the actors, according to the Financial Intelligence Authority (FIA). According to FIA, the country has put in place most of the regulatory requirements …

Kampala, Uganda | THE INDEPENDENT | Vivo Energy Uganda has launched a 10-week ‘Bikula Bonnet and Win’ promotion with Shell Helix motor oils today. ‘Bikula Bonnet’, meaning ‘open your car bonnet’ is set up to reward over 15,000 motorists with instant prizes upon either topping up their engine oil or servicing their …