Business

  Hoima, Uganda | NEWS CORRESPONDENT |  Members of Parliament on the Committee on the Budget have concluded a field oversight visit to Uganda’s key petroleum development projects to assess progress, evaluate preparedness for first oil, and gain a first-hand understanding of investments being undertaken across the sector. The delegation, led …

Kampala, Uganda | BUSINESS FEATURE | In a workshop in Mengo, Kampala, Didas Kainamula works on a half-finished jacket while a phone records the process. For the last three years, that phone has served as his storefront, marketing department and customer service desk. The account, Didas The Suit Guy, has grown …

  Kampala, Uganda | BUSINESS FEATURE | Every morning in Kampala’s Kyanja neighbourhood, Kamanyi Derrick opens his phone shop and picks up his phone—not simply to make calls, but to create content. He films available stock, demonstrates phones, shares prices and highlights new arrivals. He then posts the content on …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank (HFB) has been reappointed by the Bank of Uganda as a Primary Dealer Market Maker (PDMM) for the 2026–2029 cycle, extending its role in Uganda’s government securities market to nine years. The reappointment, announced on October 5, 2026, places HFB among financial …

Kampala, Uganda | THE INDEPENDENT | Uganda will make more money from its mineral wealth if it moves beyond digging and exporting raw minerals to processing and manufacturing, Ecobank Uganda Managing Director Grace Muliisa has said. Speaking at an Ecobank CEO Breakfast during the 15th Annual Mineral Wealth Conference at …

    COMMENT | DAVIS MWIINE | What began as a parliamentary investigation into delays in Uganda’s Digital Number Plate Project is increasingly at risk of losing sight of the project itself. Weeks of hearings before Parliament’s Committee on Physical Infrastructure, chaired by Mwine Mpaka, have focused heavily on the price, …

  Equity Bank backs Uganda’s drive to unlock mining potential   Kampala, Uganda | THE INDEPENDENT | Christine Mukasa Mugerwa, Senior Sector Head, Energy, Mining and Extractives at Equity Bank Uganda, has reassured stakeholders that the bank is focusing on bringing financial services closer to miners while supporting the transition …

Jinja, Uganda | THE INDEPENDENT | Vivo Energy Uganda has commissioned on-site bulk fuel storage and dispensing facilities at Kiira Motors Corporation in Jinja and West International Holding (WIH) Cement in Moroto, in a move aimed at reducing fuel-supply interruptions for two major industrial operations. The installations, which include high-capacity …

  As Uganda targets a US$500 billion economy, pension leaders say deeper savings could provide the patient capital needed for transformation   Kampala, Uganda | JULIUS BUSINGE | Uganda’s ambition to transform its economy could increasingly depend on how effectively the country mobilises and invests the savings of its workers. …

  Route Cover: For Shs1,000, a passenger boarding a long-distance bus can now secure a financial safety net against the consequences of an accident.   Kampala, Uganda | NEWS CORRESPONDENT | NIC Life Assurance Company Limited has introduced Route Cover, a passenger micro-life insurance product offering travellers on participating long-distance …