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This woman entrepreneur makes doing business easier in Nigeria

 A knack for solving problems led pharmacy graduate-turned-venture-capitalist, Amanda Etuk into Nigeria’s bustling logistics sector to set up a firm that streamlines how businesses handle their supply chain operations. SPECIAL REPORT | BIRD AGENCY | “Everything happens in Lagos,” said Amanda Etuk as she drove in her chauffeured car through a …

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Nkanyiso Mncwabe is new Nile Breweries managing director

Jinja, Uganda | THE INDEPENDENT | Nile Breweries Limited has announced the appointment of Nkanyiso Mncwabe as its new Managing Director, effective January 1, 2026, marking a leadership transition at Uganda’s leading beer manufacturer. The announcement was made today, January 5, in Kampala. Mncwabe takes over from Adu Rando, whose tenure …

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Afreximbank, Egypt plan Pan-African Gold hub

Uganda alone generated roughly US$5.21 billion, approximately 18.23 trillion shillings, from gold exports between Nov 2024 and Oct 2025 Cairo, Egypt | THE INDEPENDENT | Africa is moving to reclaim control over its gold resources as Afreximbank and Egypt’s central bank advance plans for a pan-African bullion institution aimed at …

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Uganda pilots first state-owned Money Market Fund

The government-backed scheme aims to attract first-time investors who may be hesitant to trust private asset managers Kampala, Uganda | THE INDEPENDENT | Uganda has launched a pilot of Africa’s first government-owned unit trust scheme, aiming to channel informal household savings into regulated investment products and strengthen domestic capital markets. The …

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Museveni commissions ethanol, sugar plants in Luwero

Luwero, Uganda | THE INDEPENDENT | On Dec.30, President Yoweri Museveni commissioned two major industrial projects in Luwero District, reinforcing the government’s push for agro-industrialisation, value addition, and job creation. The first stop was PRO Industries Pte Limited, an ethanol and extra-neutral alcohol (ENA) plant in Ndibulungi Village. The facility, …

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Bulgaria adopts euro, becomes 21st eurozone member

SOFIA | Xinhua | Bulgaria joined the eurozone and adopted the euro as its official currency on New Year’s Day, becoming the 21st member of the euro area. Throughout January, the Bulgarian lev (BGN) will remain in circulation alongside the euro. However, from Feb. 1, the euro will become the country’s …

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Car Imports: Dealers fear increased taxes

After years of stability, is Uganda’s car import tax regime about to change? Kampala, Uganda | THE INDEPENDENT | Importing a car into Uganda has remained costly even though most headline vehicle import taxes have not been raised for several years, according to industry players. However, car dealers and clearing agents …

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