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FMO extends $20 million facility to I&M Bank Uganda to boost SME financing

Kampala, Uganda | THE INDEPENDENT | The Entrepreneurial Development Bank FMO has extended a $20 million senior unsecured facility to I&M Bank Uganda Limited to expand financing for small and medium-sized enterprises (SMEs), in a move aimed at strengthening business growth and financial inclusion in Uganda. The financing arrangement includes an initial $10 million senior debt commitment, …

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Arts teachers threaten to resume strike over salary harmonization delay

Kampala, Uganda | THE INDEPENDENT | Arts and humanities teachers may resume industrial action if the government fails to implement presidential directives on salary harmonization and welfare commitments in the ongoing 2026/2027 to 2030/2031 budgeting process, the Uganda Professional Humanities Teachers’ Union (UPHTU) has warned. In a March 11th, 2026 …

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Government to boost uptake of Spiro e-motorcycles

Kampala, Uganda | JULIUS BUSINGE | The Uganda government has signalled plans to accelerate the adoption of electric motorcycles across public institutions following a high-level visit to the Spiro electric mobility production facility in Namanve Industrial Park. The inspection, led by Robinah Nabbanja early this week, the Prime Minister of …

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