Business

  NAIROBI | Xinhua |  Kenya recorded tax revenues of 2.57 trillion shillings (19.9 billion U.S. dollars) for the financial year ending June 30, representing a 6.8 percent growth from the previous financial year, the revenue agency said Thursday. Humphrey Wattanga, commissioner general of the Kenya Revenue Authority (KRA), said …

Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion, ahead of tourism or coffee earnings in the economy. However, this remains low according to the country’s estimated potential, and the banking industry says the value of diaspora remittances …

Kampala, Uganda | THE INDEPENDENT | The Kampala Capital City Authority (KCCA) has signed an agreement with British company COLAS to construct and upgrade 118 roads in Kampala. The agreement is for the implementation of the Kampala City Roads and Bridges Upgrading Project funded by the United Kingdom Export Finance. …

Kampala, Uganda | THE INDEPENDENT | One person has been shot dead and another arrested in a foiled robbery of mobile money agents in Kitintale. Kampala Metropolitan Police Spokesperson Patrick Onyango says that the armed thugs raided mobile money agents Ibrahim Ssebanenya and Rashid Kyeyune in Kitintale trading center, stealing …

dfcu FY2024 Highlights: 151% growth in profit after tax to UGX 72.1 billion 9% growth in Total Assets, reflecting strong performance and strategic growth initiatives Improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors Kampala, Uganda | THE INDEPENDENT | In recognition of its strong financial …

Kampala, Uganda | THE INDEPENDENT | Boda boda riders – one of the most vulnerable groups on Uganda’s roads – were the focus of a road safety campaign supported by Coca-Cola Beverages Uganda (CCBU), which took place on July 5. CCBU, a company in the Coca-Cola Beverages Africa Group, served …

Zambia and South Africa are leading Africa in laying the groundwork to transform their vast mineral wealth into platforms for research, clean-tech development, and innovation. SPECIAL REPORT | BIRD AGENCY | Zambia, South Africa, and other African countries are seeding mining innovation ecosystems that could shift their role in the …

Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda has officially relaunched its flagship Absa Business Club, an enhanced platform designed to accelerate the growth of small and medium-sized enterprises (SMEs) through holistic business support, strategic networking, and access to regional and international markets. At the heart of the relaunch …

Kampala, Uganda | THE INDEPENDENT | Stakeholders have called for urgent reforms and investments to build a resilient and equitable coffee sector in Uganda, as price volatility and structural weaknesses continue to undermine the country’s ambitions to become a global coffee powerhouse. This came during a hybrid multi-stakeholder dialogue held …

Mbale, Uganda | THE INDEPENDENT | Housing Finance Bank has reaffirmed its commitment to building strong, community driven banking experiences during its Eastern Region Customer Forum held in Mbale. The event brought together customers, business leaders, and local stakeholders under the theme “Delighting our customers at every touch point and …