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UDB posts strong 2025 performance as jobs and lending rise

  Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has reported a strong 2025 performance, with increased financing supporting private sector expansion, job creation and growth in productive capacity. The development finance institution disbursed Shs502.2 billion during the year, a 29% increase from 2024, while total assets rose …

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Nakawa residents demand public toilets over poor sanitation

Kampala, Uganda | URN | The lack of public toilets in Ssentamu Zone and Nakawa Small Gate in Nakawa Parish, Nakawa Division, is forcing some residents and workers to dispose of human waste in polythene bags and dump it in drainage channels, residents have said. The concerns were raised during …

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Rice import traders accuse brokers of hijacking business

Kampala, Uganda | URN | Rice importers say brokers are allegedly working with officials in the Ministry of Trade, Industry and Cooperatives to take control of the country’s rice import business through a permit allocation system.  They claim that the permit allocation system has locked genuine traders out of the …

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Uganda finds a smoother route to China’s yuan

  Stanbic’s China payment link is set to ease the country’s trade friction with Beijing   Kampala, Uganda | THE INDEPENDENT |  Ugandan businesses trading with China are set to gain faster access to yuan payments after Stanbic Bank Uganda became the country’s first lender to connect to China’s Cross-Border …

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‎‎Gov’t agencies seek unified approach on school bus accidents

Kampala, Uganda | URN | In response to growing concerns over road crashes involving school-going children, the Ministry of Works and Transport, the Uganda Police Force, the Ministry of Education, and the Intelligent Transport Monitoring System (ITMS), have  launched efforts to improve child safety on the road. ‎The agencies meeting …

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Ecobank, Serena team up to turn banking into a lifestyle proposition

Kampala, Uganda | PATRICIA AKANKWATSA | Ecobank Uganda is seeking to push its banking relationship with customers beyond financial transactions through a new partnership with Serena Hotels that will give cardholders access to discounts and other privileges across the hospitality group’s properties in Africa and Asia. The partnership, launched in Kampala …

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