Business

OPINION | ZAKARIAS IDIRO | Uganda’s conversation around SME financing has for years revolved around one central issue: access. Discussions often focus on who qualifies for financing, what banking products exist, and the conditions businesses must meet before receiving support. While these concerns remain important, I believe the bigger issue today …

Kampala, Uganda | THE INDEPENDENT | Rising fuel prices and growing concerns over vehicle maintenance costs are reshaping Uganda’s automotive market, prompting dealers to position hybrid technology and ownership incentives as alternatives to the country’s dominant used-car culture. Against this backdrop, CFAO Mobility Uganda has launched the all-new Suzuki ACROSS Hybrid SUV in Uganda, …

Soroti, Uganda | THE INDEPENDENT | Pride Bank has launched a new financing product in Soroti aimed at expanding access to affordable credit for small businesses, women entrepreneurs, and youth-led enterprises, as financial institutions intensify efforts to tap into underserved markets outside Kampala. The GROW Loan, unveiled on May 21 in …

Thousands attend “dfcu Humanity Day” Community Health Camp in Busoga Jinja, Uganda | NEWS CORRESPONDENT | Thousands trekked to Walukuba West Gardens in Jinja City May 14th as dfcu Bank commemorated 62 years with a renewed commitment to “transforming lives and businesses in Uganda”. The bank hosted a large-scale Great Community Health Camp …

Kampala, Uganda | THE INDEPENDENT | Service Cops Limited has signed a strategic partnership agreement with Insurance Training College to establish the ITC–Service Cops Innovation Hub, an initiative aimed at driving digital transformation, innovation, and skills development within Uganda’s insurance and financial services sector. The partnership, announced in Kampala on May …

The announcement coincided with a strong improvement in the bank’s financial performance Kampala, Uganda | THE INDEPENDENT |  The East African Development Bank (EADB) has launched a $13mn fund targeting youth- and women-led enterprises, as the regional lender moves to deepen access to development finance across East Africa. The facility …

Uganda’s private sector pushes for reform of a disputed tax appeals requirement   Kampala, Uganda | JULIUS BUSINGE | For any business in Uganda, receiving a tax assessment from the Uganda Revenue Authority (URA) is normal. What is becoming impossible, however, is paying to challenge it. Under Section 15(1) of …

Africa Forward Summit adopts 11-point Nairobi declaration to advance inclusive growth, innovation   Nairobi, Kenya | AGENCIES | Leaders from African countries and France a week back adopted the Nairobi Declaration at the Africa Forward Summit in Nairobi, setting out priority areas for cooperation on security, trade, energy and technology …

  Equity Group posts strong Q1 2026 growth as Equity Bank Uganda expands balance sheet and strengthens its role in the group’s regional transformation   Kampala, Uganda | NEWS CORRESPONDENT | Equity Group Holdings Plc has reported strong first quarter 2026 results, delivering accelerated growth driven by its technology-led transformation …

  Starlink is already operational in several African countries including Nigeria, Kenya, Rwanda, Mozambique, Malawi, Zambia and Ghana   Kampala, Uganda | THE INDEPENDENT | Uganda has licensed Elon Musk’s Starlink to operate in the country, joining a growing but uneven wave of African markets opening to satellite internet services …