WASHINGTON, United States | Xinhua | The U.S. raid and capture of Venezuelan President Nicolas Maduro on Saturday marks one of the dramatic escalations in U.S. policy toward Latin America in decades. The operation has been framed by Washington as “combating drug trafficking,” but critics argue that its underlying motives …
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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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The operator reported a 28.8% rise in half-year profit, reaching Shs 197.2 billion as more Ugandans surf the internet rather than chat Kampala, Uganda | THE INDEPENDENT | Airtel Uganda is proving that in telecommunications, data, not voice, is now king. The operator reported a 28.7% rise in half-year profit, reaching …
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As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …
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The lender’s digital channels processed 87% of all transactions, with the Equity Mobile App and USSD platform recording Shs 26.5 trillion in transaction value Nairobi, Kenya | THE INDEPENDENT | Equity Group has reported solid financial results for the first quarter of 2025, underpinned by its regional expansion, diversified business model, …
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My perspective shifted, much like the blind man in the biblical story who shouted, “I can see!” COMMENT | IAN RUMANYIKA | For 12 years, I worked within the walls of the Uganda Revenue Authority, with a slogan before me, “Developing Uganda Together and the weight of responsibility”. My role …
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The lender also continued to expand its continental footprint, with Libya and Somalia joining its list of African member states, bringing the total to 54 ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, Afreximbank, reported a 29% surge in net income to $973.5 million for the full year 2024, defying global …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech arm, MTN Mobile Money Uganda Ltd has recorded a 23% increase in net profit to Shs 250.2 bn for the year ended 31 December 2024, underscoring the growing centrality of digital payments to Uganda’s economy. Revenue climbed 25.2% to Shs 981.9 bn …
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Financial results for the year ended December 31, 2024 show revenue climbs 15% to sh546 billion 🔴Highlights of Absa Bank Uganda 2024 Performance ✳ Profit After Tax: Increased by 22%, to UGX 178 billion. ✳ Revenue: A growth of 15.1%, driven by growth in customers, transactional activity, and credit support. ✳ Customer Loans: …
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Ugandan lender sets sights on profitability top-tier as rivals Stanbic and Bank of Baroda stay ahead—for now Kampala, Uganda | THE INDEPENDENT | In a banking sector still feeling the effects of cautious post-pandemic recovery and tighter monetary conditions, dfcu Bank has delivered a notable performance that signals a shift …
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The Independent Uganda: You get the Truth we Pay the Price
