dfcu FY2024 Highlights: 151% growth in profit after tax to UGX 72.1 billion 9% growth in Total Assets, reflecting strong performance and strategic growth initiatives Improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors Kampala, Uganda | THE INDEPENDENT | In recognition of its strong financial …

SPECIAL FEATURE | THE INDEPENDENT & AGENCIES | When Tongaat Hulett began its journey in Southern Africa, the global sugar industry was shedding off its reliance on slavery, especially in the West Indies and America after its civil war. Government control, for a product that was as important as oil and critical …

    Kampala, Uganda  | THE INDEPENDENT | Lively social interactions and laughter, accompanied by cocktails and entertainment from the Sheraton’s Xavieliee Band capped a day that saw Absa Bank Uganda relaunch the Absa Business Club. “This club is more than banking. It’s a growth engine and a community designed to …

Zambia and South Africa are leading Africa in laying the groundwork to transform their vast mineral wealth into platforms for research, clean-tech development, and innovation. SPECIAL REPORT | BIRD AGENCY | Zambia, South Africa, and other African countries are seeding mining innovation ecosystems that could shift their role in the …

Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda has officially relaunched its flagship Absa Business Club, an enhanced platform designed to accelerate the growth of small and medium-sized enterprises (SMEs) through holistic business support, strategic networking, and access to regional and international markets. At the heart of the relaunch …

Kampala, Uganda | THE INDEPENDENT | In a significant boost to Africa’s clean transportation sector, the Dutch entrepreneurial development bank FMO has approved a loan of up to $1 million to Zembo Motorcycles, a Ugandan-based electric mobility company. The funding is aimed at accelerating the company’s mission to provide sustainable, affordable, and efficient transport solutions …

COMMENT | MAROUSHKA F. KANYWANI | Within the African—and by extension the Ugandan—cultural context, a great deal of honor is conferred on the pillars of our respective families and communities—aunts, uncles, parents, and grandparents, whose love and wisdom are the backbone of our growth and development. Behind closed doors, however, …

Washington, US | BBC | US President Donald Trump began a three-day summit in Washington DC with the leaders of five African states, an event the White House sees as an “incredible” commercial opportunity. Trump’s guests include the leaders of Gabon, Guinea-Bissau, Liberia, Mauritania and Senegal – none of whom …

NEW YORK | Xinhua | U.S. President Donald Trump sent letters to the leaders of eight countries Wednesday, notifying them that tariffs ranging from 20 percent to 50 percent will be charged on goods imported from these countries starting Aug. 1. Trump first posted letters to seven countries — the …

Kampala, Uganda | THE INDEPENDENT | Equity Bank, Nation Media Group and KPMG are not just spotlighting successful SMEs with the launch of another Top 100 Mid-Sized Companies Survey—they also aim to cultivate the next generation of business leaders driving Uganda’s economic transformation. “At Equity Bank, we go beyond providing banking services. …