Business

Kampala, Uganda | THE INDEPENDENT | Jubilee Life Insurance Company Uganda anticipates a significant expansion in the insurance market in Uganda, relying on its agents to effectively promote and sell its policies. Last Friday (Feb. 9) at the Sheraton Hotel, Kumar Sumit Gaurav, the Chief Executive Officer of the insurer, …

Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has partnered with Airtel Money to foster financial inclusion by eliminating charges on all transfers made from the PostApp and PostMobile to Airtel Money wallets. This initiative seeks to reduce the financial burden on PostBank customers while enhancing their access to a wide …

Precision Air was founded in 1993 and serves destinations across Tanzania, Kenya and Comoros ANALYSIS | FELIX THOMPSON | Export Development Canada (EDC) has brought a claim in the UK High Court against an embattled Tanzanian airline company, alleging it is owed nearly US$26mn under an aircraft financing agreement. In late …

Mbale, Uganda | THE INDEPENDENT | As part of its commitment to bolster small and medium enterprises, Diamond Trust Bank inaugurated its 37th branch at Sino Uganda Industrial Park today (Feb. 13). Executives highlighted that this strategic move aims to bolster local manufacturing for import substitution and stimulate regional exports. …

Arua, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has resorted to intelligence-led operations as a measure to end the deaths of innocent civilians during tax enforcement in the West Nile region.  Over the past years, confrontations between URA enforcement teams and the local community have led to …

Kampala, Uganda | JULIUS BUSINGE | On Feb.9, a total of 99 women entrepreneurs from Kampala, Lira, and Fort Portal successfully graduated from the 7th cohort of the Academy for Women Entrepreneurs (AWE) Program. This remarkable achievement, supported by the U.S. Embassy in partnership with SHONA Group, underscores a collective commitment …

Each business will receive one-to-one support and advice from financial and technical experts to strengthen their projects and increase their chances of attracting investment Kampala, Uganda | AGENCIES | Eight businesses that help to tackle climate change in Uganda have been selected to join the first phase of Climate Finance Accelerator …

The company’s procurement list includes electricity poles, transformers, office equipment, cables, and various services Kampala, Uganda | JULIUS BUSINGE | The Uganda Electricity Distribution Company Limited (UEDCL) is gearing up for an increase in operations and procurement, projecting a significant rise in annual spending from the current average of Shs50 billion. …

There’s a need for enhanced liquidity in domestic markets to foster economic growth and socio-economic transformation Kampala, Uganda | JULIUS BUSINGE | Uganda has preserved its fourth-place ranking in the Absa Africa Financial Markets Index for 2023, despite a slight decrease in its overall score from 64.4 to 62.8. The index, …

Kampala, Uganda | THE INDEPENDENT | On Feb.9, Link Bus Services responded to social media rumors suggesting that one of their drivers plying the Kampala – Fortportal – Kasese route had died. The company said, Nelson Olung, the driver felt unwell while at the wheel a place near Kyegegwa town on …