The Fund’s Assets Under Management grew by 17.5% to Shs 26 trillion by the close of the Financial Year 2024/25 Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has reported a remarkable performance for the financial year 2024/25, marking the close of its 10-year strategic plan, …
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World Bank report says climate shocks could cut GDP growth by up to 3.1% unless urgent adaptation measures are taken COVER STORY | RONALD MUSOKE | Uganda has set its economic development ambitions quite high. The country’s Vision 2040 blueprint lays out a bold goal: becoming an upper middle-income country …
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The Cairo-based trade finance institution announced on Sept.2 that its net income for the six months to June 30 rose to $412.7 million Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank Group (Afreximbank) has reported a rise in first-half net income, supported by stronger income and higher liquidity buffers, …
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On the payments front, the Pan-African Payments and Settlement System (PAPSS) continues to gain traction, with KCB Group in Kenya and Bank of Kigali in Rwanda integrating the platform ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has posted a net income of US$215 million for the first …
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RUBANDA, UGANDA | THE INDEPENDENT | A group of energetic locals in Rubanda East Constituency, Rubanda District, have turned the crisis of the flooded Hamurwa Floating Bridge into an opportunity to make money from affected travelers. Commonly known as a road toll, the bridge is located in Hamurwa Sub County …
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Lira, Uganda | THE INDEPENDENT | Sorghum farmers in the Lango sub-region are experiencing significant improvements in productivity and income thanks to threshers donated by Uganda Breweries Limited (UBL). During a recent engagement with UBL officials in Lira East, farmers expressed appreciation for the machines, noting that they have greatly reduced …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has recorded a fourfold increase in income, reaching Shs 1.2 trillion for the fiscal year ending June 30, 2024. This significant growth, as detailed in the Bank of Uganda’s Annual Report for FY 2023/24, marks a substantial rise from the Shs 277.8 …
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Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank (Afreximbank) and its subsidiaries have reported a 31.73% increase in income to US$393.4 million for the quarter ending March 31, 2024, driven by significant growth in loans and advances. The Group’s interest income surged by 40.07% to US$721.8 million, as the net …
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Kampala, Uganda | ISAAC KHISA | State-owned Uganda Electricity Generation Company has maintained a growth trajectory in its annual performance with the latest financial results indicating a 24 per cent growth in income to Shs 210.9billion for the year ended June.30. The company attributes increase in income to a surge in …
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COMMENT | Alfred Geresom Musamali | It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement …
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The Independent Uganda: You get the Truth we Pay the Price
