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New coffee act splits stakeholders

Kampala, Uganda | THE INDEPENDENT | The National Coffee Act 2021, gazetted on Monday this week, has sparked a huge debate, with many questioning several provisions in it. The new law repeals and replaces the 29-year old Uganda Coffee Development Authority Act, Cap. 325, and is meant to respond to …

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Equity Bank unveils electronic channel for forex transactions

Kampala, Uganda | THE INDEPENDENT | Equity Bank has unveiled EazzyFX, an innovative electronic channel that allows customers particularly Small and Medium Enterprises and corporates to settle forex transactions based on the day’s streaming rates. The channel will also enable customers to request for competitive quotes and prices for both the …

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BOU withdraws appeal against Sudhir

  BOU Governor Tumusiime Mutebile (left) and former Cranes Bank boss Sudhir Ruparelia (right). Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take notice that the appellant does not intend …

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Sanlam unveils Income Fund

The product could be a solution for pension funds seeking to diversify their holdings Kampala, Uganda | ISAAC KHISA | Sanlam Investment East Africa has unveiled Sanlam Income Fund in a bid to raise more capital for various investments but also provide favourable returns to investors. This new product places …

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New blood for NSSF board

Finance Minister Matia Kasaija wants tangible results Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has appointed Peter Kimbowa, a team leader at the CEO Summit Uganda– a private sector Think Tank and managing Partner at IFE Consultants, as the pension fund’s …

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