NEWS

  Buhweju, Uganda | URN | Buhweju District senior engineer Dicklus Twinamatsiko and an assistant engineering officer, Samuel Nkwasibwe, have been interdicted over allegations of misappropriating public funds and failing to execute road projects funded during the 2024/2025 financial year. The officers were suspended from duty with immediate effect following …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has become the first financial institution in the country to integrate with China’s Cross-Border Interbank Payment System (CIPS), a move expected to simplify cross-border transactions, reduce foreign exchange risks and strengthen trade between Uganda and China. The new payment platform enables Ugandan …

Kampala, Uganda | JULIUS BUSINGE | Nominations for the 10th edition of the Uganda CFO Awards have officially opened, with finance leaders across the public, private and not-for-profit sectors encouraged to showcase how they are driving business growth, strengthening governance and shaping the country’s economic future. The six-week nomination window was …

Kampala, Uganda | THE INDEPENDENT | NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in …

Kampala, Uganda | THE INDEPENDENT | In Kampala’s crowded trading spaces, where hundreds of small businesses compete for customers every day, building a name can take years. For Ronald Atuhumwize, the journey began not with a shop or a large investment, but with the informal trade around Qualicel Bus Terminal …

Masaka, Uganda | THE INDEPENDENT | Nile Breweries Limited has trained 230 retailers in Masaka district in practical business, financial and digital skills, as the company’s Growing Retailers Innovatively Together (GRIT) programme continues to expand across Uganda, it said in a media release on Aug.6. The Masaka sessions, drawing bar …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank (HFB) has launched a campus-based financing campaign aimed at helping university students overcome financial barriers to higher education by providing access to school fees and laptop loans, it said on Aug.5 in a media statement. The initiative, dubbed Tugende Mu Class, is …

Kampala, Uganda | URN | The Kampala Capital City Authority (KCCA) has intensified garbage collection across Kampala’s suburbs as the rainy season sets in, amid growing concern that uncollected waste could clog drainage channels, worsen flooding and increase public health risks. Over the weekend, piles of garbage were still visible …

Kampala, Uganda | URN | Former United Nations Under-Secretary-General Olara Otunnu says he has forgiven the Ugandan government for what he describes as years of mistreatment that left him stateless after authorities allegedly refused to renew his Ugandan passport. Otunnu, once one of President Yoweri Museveni’s most outspoken political critics, …

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank Uganda (DTB) has partnered with Universal Multipurpose Enterprises Limited to expand access to mortgage financing and increase opportunities for Ugandans seeking to own homes amid a growing housing deficit. The partnership, formalised through a Memorandum of Understanding (MoU) signed on August …