Business

Kampala, Uganda | THE INDEPENDENT | FINCA Uganda is the newest player to acquire a bancassurance license from the Insurance Regulatory Authority (IRA). The license was handed over by Bernard Obel, the director for supervision at IRA ON Oct.4 in Kampala. This significant milestone empowers FINCA to deliver a comprehensive …

Amuru, Uganda | THE INDEPENDENT | Atiak Sugar Factory in Amuru District is seeking additional government financing to install water pipelines from the River Nile to support irrigation for sustainable sugarcane cultivation and sugar production. This request comes after the government’s injection of 108 billion shillings in a supplementary budget …

This becomes the fifth concession acquisition in the past seven years Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited (UEDCL) has officially taken over Kilembe Investments Limited (KIL), a rural power distributor in Uganda’s Western Service territory, marking the fifth concession acquired by UEDCL. The handover ceremony, held …

    Kampala, Uganda | THE INDEPENDENT | Standard Chartered Bank Uganda and Prudential Uganda have concluded a strategic partnership aimed at deepening access to financial services and providing long-term financial security solutions to customers. This collaboration marks a significant milestone in both organizations’ commitment to enhancing financial inclusion and delivering …

Kampala, Uganda | LOUIS JADWONG & AGENCIES | After last month’s foray into Africa, plans for Uganda Airlines to launch new international flights to London Gatwick by the end of 2024 are well on track. A report on @ukairport24 indicates that Uganda Airlines is already seeking to recruit a station and …

Kampala, Uganda | THE INDEPENDENT | The Airtel Masaza Cup 2024 final game will be played at the Mandela National Stadium on November 2, it has been announced in Bulange today by Buganda Sports Minister Robert Sserwanga. The tournament, which started in June this year, is now at the semifinal …

Kampala, Uganda | IAN KATUSIIME | At the 13th mineral wealth conference organized by Uganda Chamber of Mines and Petroleum, there was an urgent call from everyone: we need more funding. A national mining company is in the works and so investors are positioning themselves to tap into the country’s …

  Fort-Portal, Uganda | THE INDEPENDENT & MOFA MEDIA | The award-winning documentary “Rwenzori Source of Life” that features Oyo Nyimba Kamba Iguru Rukidi IV, King of Tooro Kingdom summiting the Margherita – the highest peak of Mountain Rwenzori, is now part of the entertainment package on all Brussels Airlines long-haul flights. …

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has recorded a fourfold increase in income, reaching Shs 1.2 trillion for the fiscal year ending June 30, 2024. This significant growth, as detailed in the Bank of Uganda’s Annual Report for FY 2023/24, marks a substantial rise from the Shs 277.8 …

Kampala, Uganda | THE INDEPENDENT | Fabian Kasi, the Managing Director of Centenary Bank, has called on Chief Executive Officers in Uganda, to take fearless decisions in combating climate change. Kasi made the rallying call while addressing CEOs and top managers from various corporate entities and government agencies at the 15th …