Business

Kampala, Uganda | URN | Fuel prices continue to oscillate between 6,300 shilling (1.68 dollars) and 6,700 shillings per litre for both petrol and diesel, contributing most to the high average prices of goods and services in the second quarter of 2026. According to the Uganda Bureau of Statistics (UBOS), …

Kampala, Uganda | URN | Uganda Revenue Authority registered its first monthly fiscal surplus in six months after stronger-than-expected tax collections helped the government raise more money than it spent in June, according to the Ministry of Finance. Government operations ended the month with a fiscal surplus of about 517 …

  The proposed refinery in Lamu is the company’s first effort to export the industrial model behind its Lagos refinery, potentially providing a blueprint for replicating large-scale African industrial projects across multiple countries.   SPECIAL REPORT | BIRD AGENCY | Dangote Industries is attempting to replicate the industrial model behind its …

Kampala, Uganda | THE INDEPENDENT | On any given day, supermarkets across Kampala tell a story of changing consumer habits. Shopping trolleys move through busy aisles as families buy their weekly essentials, professionals pick up convenient meals after work, and students compare prices of snacks and household items. For years, imported …

  Kampala, Uganda | NEWS CORRESPONDENT | East Africa’s growing appetite for mobile internet continued to fuel Airtel Africa’s Mobile Services business during the quarter ended June 30, 2026, helping lift mobile services revenue to $607 million, up from $498 million in the same quarter last year. The performance reflects sustained …

Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda last week reaffirmed its commitment to advancing mobility, innovation and economic growth as the Platinum and Official Title Sponsor of the 2026 NCBA Auto Show, Uganda’s premier automotive exhibition. Held from 17–19 July 2026 at Kololo Independence Grounds, this year’s edition marked …

Kampala, Uganda | THE INDEPENDENT | Watu Uganda has reached a major milestone after financing one million devices through Watu Simu, reinforcing its commitment to expanding access to smartphones and digital opportunities for Ugandans across the country. The milestone was celebrated at an event in Kampala on July 20 2026, …

  Kampala, Uganda | THE INDEPENDENT | As Uganda’s Pearl Bank marks a year since rebranding, officials are confident that their new identity reflects the bank’s transformation into a digitally progressive, inclusive, and nationally grounded financial institution. “The rebranding also signifies the bank’s readiness to embrace the future with confidence, ensuring …

Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money (U) Limited, in partnership with Next Travel, has launched Travel by MoMo, a new digital travel booking platform designed to make air travel more accessible, convenient, and inclusive for Ugandans. The platform, unveiled on July 21 in Kampala, enables customers to …

Kampala, Uganda | THE INDEPENDENT | Britam Uganda and Airtel Mobile Commerce Uganda Limited have launched a partnership aimed at expanding access to insurance, investment and other regulated financial services through Airtel Money, as financial institutions increasingly turn to digital platforms to deepen financial inclusion. The collaboration will enable customers …