The government-backed scheme aims to attract first-time investors who may be hesitant to trust private asset managers Kampala, Uganda | THE INDEPENDENT | Uganda has launched a pilot of Africa’s first government-owned unit trust scheme, aiming to channel informal household savings into regulated investment products and strengthen domestic capital markets. The …
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Luwero, Uganda | THE INDEPENDENT | On Dec.30, President Yoweri Museveni commissioned two major industrial projects in Luwero District, reinforcing the government’s push for agro-industrialisation, value addition, and job creation. The first stop was PRO Industries Pte Limited, an ethanol and extra-neutral alcohol (ENA) plant in Ndibulungi Village. The facility, …
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SOFIA | Xinhua | Bulgaria joined the eurozone and adopted the euro as its official currency on New Year’s Day, becoming the 21st member of the euro area. Throughout January, the Bulgarian lev (BGN) will remain in circulation alongside the euro. However, from Feb. 1, the euro will become the country’s …
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After years of stability, is Uganda’s car import tax regime about to change? Kampala, Uganda | THE INDEPENDENT | Importing a car into Uganda has remained costly even though most headline vehicle import taxes have not been raised for several years, according to industry players. However, car dealers and clearing agents …
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Rabat, Morocco | THE INDEPENDENT | Uganda has intensified its destination marketing drive in North Africa, with the Uganda Tourism Board (UTB), in partnership with the Federation of Uganda Football Associations (FUFA), hosting a high-profile Uganda Night cultural showcase in Rabat. Held at Villa Soraya, the event formed part …
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Mergers and acquisitions in 2025 reflected a shift toward consolidation, regional scale and restructuring as firms responded to tighter regulation and rising capital demands. From cross-border bank takeovers and insurance mergers to fintech spin-offs, companies moved to strengthen balance sheets and position for long-term growth. The Independent highlights the key …
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On Dec. 19, Richard Yego, Managing Director of MTN Mobile Money Uganda Ltd., spoke to business reporters about the company’s performance in 2025 and its outlook for 2026. During the discussion, Yego provided insights into MTN Mobile Money’s growth, innovations, and ongoing efforts to expand financial inclusion across Uganda. The …
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MOSCOW, RUSSIA | TASS | Uganda invites Russia to participate in joint ventures and coffee processing projects, head of the International Legal and Social Affairs Department at the Ministry of Foreign Affairs of Uganda John Leonard Mugerwa told TASS. “Uganda is Africa’s largest coffee producer. Globally, we rank seventh, producing …
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MOSCOW, RUSSIA | TASS | Uganda is interested in cooperation with Russia in the oil and gas sector, head of the International Legal and Social Affairs Department at the Ministry of Foreign Affairs of Uganda John Leonard Mugerwa told TASS. “Russia has extensive experience and expertise in the energy sector, …
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Uganda’s aviation sector eyes tripling passenger capacity, 300+ million liters of sustainable fuel potential, and 64 global air service pacts to propel economic ascent by 2030 Kampala, Uganda | JULIUS BUSINGE | Uganda’s aviation industry is charting an ambitious growth path, underpinned by major infrastructure upgrades, strategic international partnerships, and …
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The Independent Uganda: You get the Truth we Pay the Price
