Business

Kampala, Uganda | THE INDEPENDENT | Bankers want bank agents to be allowed to conduct Bancassurance business on behalf of the financial institutions to enhance access to the services by the public. Diamond Trust Bank, named Most Innovative Bancassurance Agent 2022, says there is a need to further take services closure …

Kampala, Uganda | THE INDEPENDENT | Experts have raised a red flag, urging Ugandan banks to close digital loopholes, after Equity Bank Uganda launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing. The fraud is likely to lead to a sh65billion loss. “Looking at the press …

Kampala, Uganda | THE INDEPENDENT |  Uganda police has condemned the use of its traffic image, as content in a controversial commercial advert, of a juice, popularly known as “JESA JUS”. They have now demand that the commercial firm, pulls out the traffic police content or the entire advert, and …

Kampala, Uganda | THE INDEPENDENT | The government has witnessed an increase of nearly 80 percent in local revenue collection from local governments following the transition to online and mobile payment platforms. In 2017, the government started to automate Revenue Management Systems across Local Governments, and one of the systems introduced …

  Kampala, Uganda | THE INDEPENDENT | Standard Bank has been ranked as the most valuable banking brand in Africa in 2024. This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands. The bank also …

    Kampala, Uganda | THE INDEPENDENT |  Diamond Trust Bank and UAP Old Mutual Insurance Uganda have entered a partnership to deliver general and medical insurance products and services to customers. The Partnership makes DTB a one-stop centre for both banking and insurance services in the two partner companies’ …

At  least 50% of the financing shall  support women-run or women-owned businesses Kampala, Uganda | THE INDEPENDENT | Uganda’s Centenary Rural Development Bank and Housing Finance Bank have secured a combined Shs 640bn credit from the European Investment Bank for onward lending to private sector enterprises, with a focus on female …

The telecom firm  reported a 16.1% increase in service revenue, reaching UShs 2.63 trillion for the year ending December 2023, with after-tax profits surging 21.4% to UShs 493 billion Kampala, Uganda | THE INDEPENDENT | Uganda’s largest telecom firm, MTN Uganda, plans to further sell-down the remaining 7% shareholdings to the …

The scheme’s MD Patrick Ayota says  he is confident the Fund will achieve its strategic objectives as scheduled Kampala, Uganda | THE INDEPENDENT | Uganda’s national savings scheme, National Social Security Fund (NSSF), has hit Shs 20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, …

Dr. Peter Mathuki is  facing impeachment over the alleged misappropriation of funds at the secretariat Nairobi, Kenya | AGENCIES | The East African Community (EAC) Secretary-General Dr. Peter Mathuki has been nominated by Kenya’s President Wiliam Ruto as the country’s ambassador to Russia. The nomination comes at a time when Dr …