Business

Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech arm, MTN Mobile Money Uganda Ltd has recorded a 23% increase in net profit to Shs 250.2 bn for the year ended 31 December 2024, underscoring the growing centrality of digital payments to Uganda’s economy. Revenue climbed 25.2% to Shs 981.9 bn …

KAMPALA, UGANDA | Xinhua | Ugandan President Yoweri Museveni has said the country will prioritize African markets following the United States’ decision to impose a 10 percent tariff on imports from most countries. In a speech shared by the state-owned Uganda Broadcasting Corporation on Thursday, Museveni said Uganda already has …

Dr. Fred Kaliisa Kabagambe, the Senior Presidential Advisor on Oil and Gas, noted that limited public awareness about oil and gas developments has fueled opposition to EACOP activities in Uganda. Hoima, Uganda | THE INDEPENDENT | Heads of the East African Crude Oil Pipeline (EACOP) project and oil companies operating …

KAMPALA, UGANDA | THE INDEPENDENT | Ecobank Uganda has teamed up with retail giant Carrefour Uganda, operated by Majid Al Futtaim, to revolutionize the in-store shopping experience by introducing secure, smart payment solutions across all Carrefour outlets in the country. Through this partnership, Ecobank has rolled out advanced Smart Point-of-Sale …

KAMPALA, UGANDA | THE INDEPENDENT | MultiChoice Uganda has officially launched a new set of 7-day subscription packages for DStv and GOtv customers, under a flexible and affordable initiative dubbed the “Ka Weekie” campaign. The new campaign aims to offer more accessible short-term entertainment solutions, especially for viewers seeking flexibility …

KAMPALA, UGANDA | THE INDEPENDENT | Housing Finance Bank has today (April 17) unveiled a powerful new initiative aimed at fueling the growth of Uganda’s small and medium enterprises (SMEs) and women-led businesses. The newly launched HFB Business Clinics are designed as a transformative platform to deliver tailored financial solutions, expert …

KAMPALA, UGANDA | THE INDEPENDENT | Stanbic Bank has teamed up with Buganda Kingdom to promote coffee production in the region. The partnership with the Buganda Cultural and Development Foundation (BUCADEF), under the ‘Mwanyi Terimba’, a coffee promotion initiative, was unveiled after the signing of a Memorandum of Understanding (MoU) …

A three-year initiative to equip women-led start-ups with essential skills, financing, and networks to drive long-term impact. Kampala, Uganda | THE INDEPENDENT | Uganda’s entrepreneurial landscape is set to receive a significant skilling and financial boost following the launch of the Women in Tech Uganda Accelerator Program, an initiative of …

KAMPALA, UGANDA | THE INDEPENDENT | MOGO Uganda, an asset financing company, has introduced a smartphone loan program in collaboration with Airtel Uganda, making Tecno, Infinix, and itel devices more accessible to a wider range of Ugandans. This move meets the rising need for cost-effective smartphone access, enabling people to …

Cloud computing infrastructure, analytics hailed for transforming business processes Kampala, Uganda | IAN KATUSIIME | US-based tech powerhouse Oracle has teamed up with Eclectics International, a leading Kenyan IT firm, to provide innovative technological solutions aimed at driving business efficiency and digital transformation across East Africa and beyond. The partnership was …