Business

NAIROBI, KENYA | Xinhua | The self-serving and ulterior political motives attached to the African Growth and Opportunity Act (AGOA) have undermined the growth of Africa’s industries, a Kenyan scholar has said. Patrick Lumumba, a legal scholar and former director of Kenya’s anti-graft agency, told Xinhua in an interview that …

Nakasongola, Uganda | THE INDEPENDENT | MTN Uganda has selected 25 community projects to receive funding under the third phase of its Changemakers initiative, committing Sh 500 million to grassroots development efforts. Each project will receive up to Sh20 million through the MTN Foundation to support interventions spanning economic empowerment, …

Jinja, Uganda | BUSINESS CORRESPONDENT | TotalEnergies Marketing Uganda Limited has today commissioned its newly revamped Liquefied Petroleum Gas (LPG) filling and storage plant in Jinja, reaffirming TotalEnergies’ commitment to sustainably providing reliable and cleaner energy for cooking and industrial use for its customers in Uganda. The revamped facility is equipped …

  COMMENT | HERBERT KAFEERO | Just weeks ago in Maputo, African trade ministers took a step the continent has too often postponed: defining a common position before others define it for them. The February 26, 2026 meeting was a focused effort to consolidate Africa’s priorities ahead of the World …

Kampala, Uganda | THE  INDEPENDENT | Uganda’s agriculture sector, which contributes roughly a quarter of the country’s Gross Domestic Product and employs over 70 percent of the population, is once again in sharp focus as financial institutions and development partners intensify efforts to turn farming into a competitive, wealth-generating industry. …

Kampala, Uganda | THE INDEPENDENT | Uganda’s high-end real estate market, particularly in prime, highly urbanised neighbourhoods of the capital, is experiencing renewed momentum as affluent buyers and diaspora investors increasingly turn to property as a strategic asset class. Against this backdrop, VAAL Real Estate is positioning its luxury developments …

‎Kampala, Uganda | URN | The financial industry in Uganda enjoyed good business last year, according to financials being released, the latest being Stanbic Uganda Holdings Limited-SUHL, with UGX 591 billion profit after tax. ‎This new record was a jump from UGX 478 billion posted for the year ended December …

BOAO, Hainan | Xinhua |  The global epicenter of artificial intelligence (AI) development is progressively shifting from Europe and the United States toward Asia, according to a report released Tuesday by the Boao Forum for Asia. “Capitalizing on their substantial digital populations, diverse application ecosystems and coherent policy frameworks, Asian …

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank and FCI will host a regional conference on factoring, receivables finance and credit insurance in Kampala on April 15–16, as lenders and policymakers look for alternatives to traditional bank credit to support African trade. The event comes as countries implement …

For investors and analysts, the latest results underline a shifting competitive dynamic   NEWS ANALYSIS | THE INDEPENDENT | Equity Group Holdings Plc has extended its lead over rival KCB Group Plc after reporting a sharp rise in annual profits, underscoring how regional diversification and digital banking are redrawing the …