Business

Kampala, Uganda | THE INDEPENDENT | Less than 10% of the workers in sub-Saharan Africa save for old age, the lowest rate for any region in the world. That implies most of the breadwinners today won’t be able to afford basic items after retirement. A pension plan is meant to commit …

Kampala, Uganda | THE INDEPENDENT | Uganda’s medical insurers could soon stop printing medical insurance cards following the launch of a cardless solution. Kenyan-based Smart Applications International Ltd, commonly known as Smart, launched a mobile application dubbed Smart Access solution in Kampala on May.17 to enable patients to access healthcare insurance …

Kampala, Uganda | THE INDEPENDENT |Solar and asset financing firm M-Kopa has secured Kshs35 billion ($255 million) financing in new debt and equity from Standard Bank and Japanese-based trading house Sumitomo Corporation among others for expansion in sub-Saharan Africa. M-Kopa said the capital injection includes Kshs7.5 billion ($55 million) in …

20,000 farmers in Karamoja have been beneficiaries Kampala, Uganda | IAN KATUSIIME | Sasakawa Africa Association Uganda, a not-for-profit organisation that works with smallholder farmers in Africa to develop resilient and sustainable food systems, is changing the lives of farmers in Uganda at a time of increased food scarcity. Sasakawa …

Nakasongola, Uganda | THE INDEPENDENT  | A tragic accident involving four vehicles in Nakasongola has left six people severely injured. The incident took place on Saturday evening around 5:00 pm at Namayonjo village in Nakasongola District along the Kampala-Gulu Highway. According to Sam Twineamazima, the Acting Savannah Regional Police spokesperson, …

French oil giant’s initiative intends to reduce road crashes to zero Kampala, Uganda | RONALD MUSOKE | French oil major, TotalEnergies, has launched a new road safety campaign that seeks to educate its employees and partner companies on the right driving behaviour and commitment to make roads safer. Road traffic accidents …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has introduced its latest smartphone offerings in partnership with TakeNow, offering its valued customers a wider range of choices. MTN customers will via this collaboration have access to an extensive selection of Tecno, Itel, and Infinix smartphones in the open market. To further …

Kampala, Uganda | THE INDEPENDENT | Kenya plans to roll out the first consignment of one million locally-assembled smartphones in two months at a unit price of Kshs 5,484 ($40), in a bid to foster digital access and inclusion. ICT Cabinet Secretary Eliud Owalo said the affordability of smart devices has …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda Group has called for a review of the taxation policy for digital money transitions, specifically the levy on the withdrawal of cash at mobile money agents. In 2018, the government introduced four levies on digital services including mobile money transactions, causing a public …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have proposed a moratorium on the powers of Ministers to grant tax waivers and tax exemptions to individuals and companies operating businesses in the country. The legislators are concerned over the persistent requests from the government for additional funds from Parliament …