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 …
Read More »Ronald Atuhumwize and the making of a footwear business in Kampala
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 …
Read More »Nile Breweries equips 230 retailers with business skills in Masaka
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 …
Read More »Housing Finance Bank brings education and laptop financing closer to university students
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 …
Read More »KCCA races to clear remaining garbage heaps in Kampala suburbs as rains begin
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 …
Read More »Otunnu forgives Museveni gov’t over passport denial that left him stateless
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, …
Read More »DTB Partners with Universal Enterprises to unlock home ownership financing
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 …
Read More »U.S. health aid meets resistance across Africa
NAIROBI, Kenya | Xinhua | Under Washington’s “America First Global Health Strategy,” seven American aid workers entered a U.S. isolation facility in central Kenya in mid-July, defying weeks of local protests and Kenyan High Court orders to halt the work. The strategy aims to rebuild U.S. global health assistance around …
Read More »WHO defends Uganda’s early declaration of end to Ebola outbreak
Kampala, Uganda | URN | The World Health Organisation (WHO) has defended Uganda’s decision to declare the end of its Ebola Bundibugyo outbreak before completing the conventional 42-day waiting period, saying the country remained focused on the primary objective of halting transmission and protecting public health. Uganda discharged its last …
Read More »MPs pay tribute to Owori, raise alarm over urban crime
Kampala, Uganda | URN | Parliament on Wednesday observed a minute of silence in honour of Uganda Cranes midfielder and SC Villa captain David Owori, who died after being attacked by suspected robbers in Kampala, as legislators called for stronger action to curb rising violent crime. Owori, 27, succumbed to …
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