Business

Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money (U) Limited has announced that its Managing Director, Richard Yego, will leave his position on 28th February 2026, concluding a four-year tenure. In a public statement, the Board of Directors thanked Mr. Yego for his leadership and strategic contributions to the …

NAIROBI | Xinhua |  Chinese electronics maker Xiaomi on Friday launched the REDMI Note 15 Series, comprising three smartphone models, in the Kenyan market. The launch event, held in Nairobi, the capital of Kenya, attracted senior executives from the telecommunications sector. Matt Huang, country manager of Xiaomi International, said the …

  Dubai, UAE | LOUIS JADWONG | Close to 1,000 leaders of Uganda’s Boda-Boda Riders Cooperative Union, together with key partners in the transport sector, are in Dubai for a two-day retreat that will not only mark its first anniversary but also champion electric mobility in the boda, matatu and …

Kampala, Uganda | THE INDEPENDENT | Prime Minister Robinah Nabbanja has reaffirmed government’s commitment to strengthening the capital base of Uganda Development Bank (UDB), saying sustained funding is critical for the bank to fully execute its mandate of accelerating Uganda’s socio-economic transformation. Nabbanja made the remarks on Friday while officiating …

Kampala, Uganda | THE INDEPENDENT | Uganda has secured €641.1 million (about Shs2.75 trillion) in external financing for three major infrastructure projects after signing financing agreements with Standard Chartered Bank, in a move the government says will accelerate its long-term growth ambitions. The agreements were signed by the Minister of …

Kampala, Uganda | THE INDEPENDENT | Cross-border banking is becoming increasingly central to East Africa’s financial system as rising trade, travel and labour mobility drive demand for seamless regional financial services. Banks across the region are expanding beyond their home markets through branches, subsidiaries and digital platforms to follow customers, …

Kampala, Uganda | THE INDEPENDENT | Wednesday, 28 January 2026. Vivo Energy Uganda, the company that distributes and markets Shell-branded fuels and lubricants in Uganda, has launched a nationwide back-to-school promotion dubbed “Fuel Their Future”, aimed at supporting parents and guardians during the school season while rewarding customers for choosing …

Kampala, Uganda | THE INDEPENDENT | Mobile Money platform operators are demanding for government intervention in the industry’s challenges to ensure that the services are affordable, both to the customers and the companies. Mobile money services are considered more expensive than in other markets in the regions particularly Kenya and …

Africa’s mobile phone market is experiencing a surge as consumers in the continent’s biggest cities increasingly opting for higher-spec devices previously considered out of reach. SPECIAL REPORT | BIRD AGENCY | Africa is witnessing a mobile phone upgrade cycle moment. The obvious trend has been that of feature phones losing …

Absa Bank Uganda Launches Financial Literacy-Led Campaign to drive Smarter Borrowing and Sustainable Growth Kampala, Uganda | THE INDEPENDENT |  Absa Bank Uganda has today launched a new Retail and Business Banking campaign anchored on financial literacy, aimed at helping individuals and small businesses make smarter borrowing decisions and use credit …