Business

  Kampala, Uganda | THE INDEPENDENT | Exim Bank Uganda has backed Yangtze Industry Ltd’s expansion into manufacturing with financing for a new glue production facility at the Sino-Uganda Mbale Industrial Park, as Uganda seeks to deepen local production and reduce reliance on imported products, officials said in a statement …

    For millions of Ugandans saving for retirement, the performance of the businesses in which their money is invested ultimately matters.   Kampala, Uganda | NEWS CORRESPONDENT |  Airtel Uganda has handed over a dividend cheque worth sh42,609,880,000 to the National Social Security Fund (NSSF), representing returns on the Fund’s …

  Kampala, Uganda |  THE INDEPENDENT |  A new business platform, Business Network Uganda (BNU), has been launched to connect entrepreneurs, professionals and investors and promote trade, investment, and knowledge exchange and business partnerships between Uganda, Kenya and the wider East African region. The platform, which operates under Bizsphere Club, …

    Kampala, Uganda | NEWS CORRESPONDENT | Industry players have been urged to support the growth of Uganda’s mineral sector to unlock its potential through appropriate financing and investment options that will spur its growth and enable the country to attain its US$500 billion GDP target by 2040. The call …

Kampala, Uganda | THE INDEPENDENT | Global cross-border payments platform Verto, in partnership with Visa, has launched a multi- currency corporate card aimed at helping African businesses reduce foreign exchange costs, improve international spending and operate more efficiently across global markets. The Verto Card allows businesses to spend directly from …

  The professionals who help move, hide and legitimise Uganda’s dirty money   Kampala, Uganda | IAN KATUSIIME | Uganda could be losing more than Shs2 trillion a year to illicit financial flows (IFFs), with trade misinvoicing alone estimated to have created a $6.6 billion gap between what Uganda reported …

  Business owners discuss growth, cash-flow management, business resilience and financing needs during the latest Kyusa Level SME Customer Dine-Out.   Kampala, Uganda | NEWS CORRESPONDENT |  Small businesses remain at the centre of Uganda’s economy, but many entrepreneurs are navigating a business environment shaped by rising operating costs, tighter …

  Absa convenes financial sector to strengthen collaboration on data privacy   Kampala, Uganda | NEWS CORRESPONDENT | Absa Bank Uganda has brought together financial institutions, regulators, fintechs, data protection and information-security professionals to explore how the sector can work more closely to protect customer information as financial services become increasingly …

  Hoima, Uganda | URN | The long-awaited commissioning of Kabalega International Airport in Kabaale Sub-county, Hoima District, has been pushed to January 2027, despite the facility already handling its first passenger flights. Works and Transport Minister Fred Byamukama said the first phase of the airport project is now 99.9 per …

  Kampala, Uganda | URN | Uganda earns about 1.6 billion US dollars annually from Ugandans working abroad, making labour exports an important source of foreign exchange alongside tourism, remittances and merchandise exports. Bank of Uganda Deputy Governor Professor Augustus Nuwagaba says about 900 million dollars of the earnings come …