Business

Adjumani, Uganda | THE INDEPENDENT | The territorial police in Adjumani District have arrested two individuals and impounded a Fuso truck for allegedly engaging in the illegal transportation and trade of forest products. The suspects are Ali Madira, a 50-year-old farmer from Tanziri Village in Pakele Sub-County, described as a notorious charcoal …

Empowering Mbale’s Entrepreneurs: TUPANGE Business Ne Equity Bank Ignites Growth at First Regional Forum Mbale, Uganda | THE INDEPENDENT | Entrepreneurs left with a renewed sense of possibility as the TUPANGE Business Ne Equity Forum hosted by Equity Bank made its first regional stop in the vibrant city of Mbale today. …

How regional disputes create the perfect storm for regional airlines ANALYSIS | IAN KATUSIIME | East African skies are open, but the politics on the ground are clipping the wings of regional airlines—turning promising flight paths into costly detours, empty terminals, and a slow-motion grounding of the region’s aviation dreams. Take …

Kampala, Uganda | THE INDEPENDENT | The Lord Mayor of Kampala, Erias Lukwago, has petitioned the Leader of the Opposition, Joel Ssenyonyi, to urge Parliament to intervene after businessman Hamis Kiggundu cordoned off part of the Nakivubo Channel for construction. Lukwago described Kiggundu’s actions as a matter of national importance, …

The country emerges as Glovo’s greenest market, fusing rapid digital growth with sustainable mobility Kampala, Uganda | JULIUS BUSINGE | Glovo, the Spain-headquartered multi-category delivery platform, has marked its fifth anniversary in Uganda with the opening of a new office in Kampala, signalling a Shs 33 billion investment that is reshaping …

Growth Driven by Lower Impairments and Pre-Provision Profit Growth Johannesburg, South Africa | THE INDEPENDENT | Absa Group delivered strong earnings growth for the first half of 2025, reflecting the successful execution of its strategic priorities. Headline earnings increased 17% as credit impairments declined and pre-provision profit grew. Revenue increased, …

The return of electricity distribution to state hands has sparked a dispute with the private company that was ousted ANALYSIS | LIAM TAYLOR | Umeme, an electricity distribution company, announced on 2 June that it will take its quarrel with the Ugandan government to an arbitration court in London, after weeks …

Busia, Uganda | THE INDEPENDENT | President Yoweri Museveni has launched the Wagagai Gold Mining Project in Busia, alongside Chinese investors, and proposed the creation of a mineral wealth fund to channel Uganda’s gold and oil revenues into lasting infrastructure. The fund, he said, will finance railways, roads, power plants, …

Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has posted robust financial results for the first half of 2025, buoyed by surging demand for data and financial technology services as more Ugandans tap into the digital economy for communication, business, and daily transactions. For the six months ending June 30, 2025, …

Kampala, Uganda | THE INDEPENDENT | Tax experts have voiced concerns about the government’s failure to significantly increase domestic revenue mobilisation levels amid dwindling external assistance sources. Uganda’s domestic revenues have remained at around 13 percent of the economy’s value for years despite government efforts to increase the ratio to …