Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has unveiled the HFB Trust Savings Account, a new savings solution designed to help customers grow their money while providing built-in financial protection through a range of insurance benefits. The new product reflects the Bank’s commitment to offering innovative financial solutions …
Read More »Airtel Uganda partners with SPIRO to drive cleaner last-mile distribution
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has partnered with SPIRO, Africa’s leading electric mobility solutions provider, to introduce electric motorcycles into its distribution network, marking a major step towards cleaner, more efficient last-mile delivery of telecom products and services across Uganda. The partnership is designed to improve productivity, …
Read More »QCIL posts record Shs56.4 billion profit
Kampala, Uganda | URN | Quality Chemical Industries Limited (QCIL) has posted its strongest financial performance since inception, reporting a third consecutive year of profit growth as investments in manufacturing capacity and product diversification continued to pay off. For the financial year ended March 2026, the pharmaceutical manufacturer recorded an …
Read More »Lotteries board steps in after ITHUBA Uganda terminates operations
Kampala, Uganda | THE INDEPENDENT | ITHUBA Uganda Limited has wound up its lottery operations. The National Lotteries and Gaming Regulatory Board (NLGRB) has confirmed the development, making it clear however that the operator’s cessation of operations does not relieve ITHUBA Uganda Limited of its obligations under the law, the National …
Read More »Britam unveils flexible motor insurance plan to boost uptake of comprehensive cover
Kampala, Uganda | PATRICIA AKANKWATSA | Britam Insurance Uganda has introduced a flexible premium payment plan aimed at expanding access to comprehensive motor insurance, as insurers seek to address one of the biggest barriers to uptake high upfront annual premium costs. The new initiative, dubbed Car-Tono Katono, allows motorists and fleet owners …
Read More »OPINION: Uganda’s insurance sector is growing, but public understanding must catch up
OPINION | ALY S. MAHERALI | Across East Africa, insurance remains one of the least understood, yet increasingly important, financial services. The numbers tell an important story. According to the Insurance Regulatory Authority of Uganda (IRA), the country’s insurance industry grew by 10% in 2024, with gross written premiums rising …
Read More »World Bank cautions Uganda on fiscal management
Kampala, Uganda | URN | ”Currently 33 percent of every shilling invested in infrastructure is lost in poor planning, project delays and weak maintenance.” -World Bank Director for Uganda, Kenya, Rwanda and Somalia, Qimiao Fan. The World Bank has said Uganda needs to triple the current allocation for human capital …
Read More »Over 170,000 farmers reaping from French agency, Pearl Bank sh64 billion package to boost Ugandan agriculture
French Ambassador Impressed by Impact of Agric-Financing Extended Through Pearl Bank Mbarara, Uganda | NEWS CORRESPONDENT | Over 170,000 individual and farmer groups are already reaping from a Pearl Bank and AFD partnership for a concessional credit line of €15 million Sh60 billion and an additional €1 million (Sh4 billion) …
Read More »Clean energy: How Elsmart is turning agricultural waste into a business revolution
Mbarara, Uganda | NEWS CORRESPONDENT | When Matovu Muhudi watched his mother struggle with Chronic Obstructive Pulmonary Disease (COPD) after years of cooking over smoky traditional stoves, he saw more than a family tragedy. He saw a public health crisis affecting millions of Ugandans. Rather than continue treating the symptoms …
Read More »How Enersave turned Results-Based Financing into a clean cooking success story
Mukono, Uganda | NEWS CORRESPONDENT | Less than two years after its establishment, Enersave Enterprises Limited has transformed from a fledgling clean energy business into one of Uganda’s emerging players in the clean cooking sector, earning recognition as a hub under the Uganda National Alliance on Clean Cooking (UNACC). The …
Read More »
The Independent Uganda: You get the Truth we Pay the Price