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BOU: Mobile money transfer will add value to money

Kampala, Uganda | THE INDEPENDENT | Mobile Money services have now been completely detached from the regulation of the Uganda Communications Commission to that of the Bank of Uganda (BOU), amidst questions and fears from the customers. Last month, the Bank of Uganda started implementing the National Payments System Act …

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Airtel explains interruption, rewards patient customers

Kampala, Uganda | THE INDEPENDENT |  Airtel Uganda has hailed its customers for their patience a day after a service down time temporarily interrupted access to Airtel Money Services. The services have since been fully restored and are operating seamlessly. “I would like thank our customers for the patience exhibited during this …

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VANILLA: July 1 is Uganda’s first harvest day for 2021

Kampala, Uganda | THE INDEPENDENT | Uganda’s vanilla harvest date for the first season of this year has been sent for July 1, with the new Minister of Agriculture, Animal Industry and Fisheries (MAAIF) Frank Tumwebaze urging farmers, traders and processors to maintain best practices for the product to be competitive …

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EABL adapts to Covid-hit marketplace

East African Breweries Ltd took a shock when Kenya closed hospitality businesses due to the pandemic | TOM COLLINS | For any business that relies on open venues to sell goods, Covid-19 has been particularly challenging. As Kenya responded to the pandemic by closing hospitality businesses and implementing a night-time …

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Invest in productive sectors, experts tell government

Public debt increased by 35% to Shs65trillon as at December 2020 Kampala, Uganda | ISAAC KHISA | Government should prioritise financing human capital development programs amidst projected revenue shortfalls due to COVID-19 lockdown, experts say. Experts also say, amidst these tough times, the government should also keenly scrutinize loan proposals …

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