Kenyan banks dominate the ranking taking 10 slots but also performing poorly in the Top 100 banks in Africa | THE INDEPENDENT | Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the …
Read More »NSSF contributors to earn Shs 1.38 trillion
This is the lowest interest rate in the past 10 years citing mid-term payments and a tough economic environment Kampala, Uganda | PATRICIA AKANKWATSA | The National Social Security Fund contributors are set to earn 9.65% interest on their savings for the financial year 2021/22 translating into Shs1.38 trillion. …
Read More »Digital happiness: Uganda ranks 98th on the global index
The country’s internet is 35% worse than global average Kampala, Uganda | RONALD MUSOKE | Uganda is ranked 98th out of 117 countries when it comes to its citizens’ digital well-being, according to the 2022 digital quality of life index published on Sept.28. The study conducted by The Netherlands-based Surfshark, …
Read More »NSSF, Mastercard award Shs5.9 billion seed funding to Ugandan Businesses
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) in partnership with Mastercard Foundation has awarded UGX5.9 billion as seed funding to an additional 78 Ugandan small and growing businesses through their Hi-innovator Program. This brings the total of businesses funded to 110 since the Hi-Innovator Programme …
Read More »EU position on EACOP to be reviewed October 26
Kampala, Uganda | THE INDEPENDENT | The European Commission in Uganda, is set to fully address the matter of the European union parliament resolution on the East African Crude Oil Pipeline Project, at that upcoming Uganda-EU business summit later this month. Due to environmental and human rights issues, the European …
Read More »Nandali Mafabi announces BCU decision to evict Police posts, Sub County headquarters
Mbale, Uganda | THE INDEPENDENT | Police posts and sub-county headquarters operating on the premises of primary societies under Bugisu Cooperative Union-BCU face eviction. Nathan Nandala Mafabi, the BCU Board Chairperson, says that they have resolved to evict the police posts and sub-county headquarters because they operate on the premises free …
Read More »UBL holds forum to boost Buy Uganda Build Uganda policy
Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited hosted farmers to a forum to discuss the potential to scale up farming to supplement government efforts to see manufactures embrace full sourcing of raw materials they use in their production processes locally. The forum which run under the theme Agriculture as …
Read More »Ashok Leyland launches new Phoenix 3.5 tones light commercial vehicle in Uganda
Kampala, Uganda | THE INDEPENDENT | Commercial vehicle manufacturer Ashok Leyland, have launched a new light truck to offer Ugandan businesses a versatile product with higher loading span, higher payload and better driving comfort to ensure profitability. Ashok Leyland is a flagship of the Hinduja Group which boasts 74 years …
Read More »Saudi Arabia launches firm to develop downtown areas in 12 cities
Riyadh, Saudi Arabia | Xinhua | Saudi Arabian Crown Prince Mohammed bin Salman Al Saud announced on Monday the launch of the Saudi Downtown Company for urban development across the kingdom, the Saudi Press Agency reported. Affiliated with the Saudi Public Investment Fund, the company will build and develop downtown …
Read More »NSSF, Ideawake to support Ugandan innovators and entrepreneurs
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has announced a partnership with Ideawake, a global innovation software company, to expand access to the NSSF Hi-Innovator programme to more entrepreneurs across the country. In 2021, the Fund launched the NSSF Hi-Innovator programme, an innovation initiative in …
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