Business

Industry revenues are projected to reach a historic high of $964 billion ANALYSIS | AGENCIES | The profits projected for airlines in 2024 are expected to stabilize, despite net profitability forecasted to be well below the cost of capital, according to the International Air Transport Association (IATA). Industry insiders anticipate that …

Kampala, Uganda | THE INDEPENDENT |  Centenary Bank has shown its committment to deliver innovative and customer-centric banking solutions by announcing the launch of its latest innovation, CenteWhatsApp banking. This pioneering service is designed to provide customers with convenient and secure access to a wide range of banking services directly …

Kampala, Uganda | THE INDEPENDENT | A total of 130 small and medium enterprise owners have been recently placed in a better position to win contracts along the proposed East African Crude Oil Pipeline (EACOP) after the completion of a capacity-building training program delivered by the Stanbic Business Incubator Limited (SBIL). …

  Kampala, Uganda | JULIUS BUSINGE | Halfway through the recently launched whistleblower campaign, a nationwide drive aimed at encouraging workers to report employers defaulting on NSSF contributions, the Fund has unearthed over Shs70 billion from reported cases, it said in a notice. Figures released by the Fund recently indicate that …

Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda, has partnered with Mkazipreneur, a Ugandan based community platform dedicated to fostering and advancing women entrepreneurship in Africa, and one that supports working women in both the informal and formal sectors through financial literacy. KCBU, through its initiative dubbed KCB Flme, will …

Kampala, Uganda | THE INDEPENDENT | District authorities are faulting the Ministry of Energy and the Uganda National Bureau of Standards-UNBS for permitting the construction of “illegal” pump fuel stations, leading to congestion in urban centers. These allegations were raised during a sensitization meeting in Mbarara, organized by the Uganda …

Energy Minister Ruth Nankabirwa shares progress on the refinery, EACOP, and related projects Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has received a comprehensive update on the progress of key projects, including the refinery and the East African Crude Oil Pipeline (EACOP), during a briefing by Energy Minister …

Kampala, Uganda | THE INDEPENDENT | CFAO Motors has introduced the all-new Toyota Corolla Cross Hybrid Electric, marking a transformative addition to Uganda’s automotive landscape. This self-charging hybrid electric vehicle (HEV) seamlessly blends Toyota’s expertise in hybrid technology with the country’s increasing focus on eco-friendly driving, according to the company’s Managing …

Kampala, Uganda | THE INDEPENDENT | The Absa Bank Uganda Human Capital Director Sylvia Mulomi has tipped Human Resource (HR) practitioners about the organisational culture and work ethic as key to shaping a thriving workplace, which ultimately results in the company’s success, including higher revenues. She was speaking during the HR …

The multilateral lender has resumed normal operations Kampala, Uganda | RONALD MUSOKE | On Jan.20, the African Development Bank Group (AfDB) said it had successfully resolved the 80-day stand-off with the Ethiopian Government, marking the end of a challenging period resulting from a “serious diplomatic incident.” The Ethiopian security authorities on …