Business

  Pearl Bank Loan Book Hits UGX 1 Trillion as Growth Strategy Gains Momentum   Kampala, Uganda | NEWS CORRESPONDENT |  Pearl Bank, whose purpose is to foster prosperity for Uganda, has announced that its loan book has crossed the sh1 trillion mark, a major milestone in the Bank’s transformation and …

  Buliisa, Uganda | URN | President Yoweri Museveni is expected to preside over the naming of Uganda’s crude oil blend during a visit to oil development projects in the Albertine Graben, as the country moves closer to commercial production. The President is expected to visit key oil development facilities …

Kampala, Uganda | URN | Uganda has imposed an immediate one-month moratorium on the granting of new mineral licences and exploration rights as the government moves to tighten oversight, eliminate speculative claims and align the mining sector with its economic transformation agenda. The temporary freeze was announced by Energy and …

Berlin, Germany | THE INDEPENDENT | TECNO is set to showcase a new generation of smartphones, laptops and smart devices at IFA ShowStoppers 2026 in Berlin, as the technology company expands its push into premium design, artificial intelligence and connected consumer devices. The company will headline its showcase with the …

Kampala, Uganda | THE INDEPENDENT | Vivo Energy Uganda has launched a new campaign aimed at helping motorcycle riders cut operating costs and improve engine performance as high fuel and maintenance expenses continue to affect Uganda’s boda boda sector. The company, which distributes and markets Shell-branded fuels and lubricants in …

Mbarara, Uganda | THE INDEPENDENT | Uganda’s ambition to expand its economy nearly tenfold by 2040 will depend largely on the country’s ability to mobilise and channel capital into businesses, housing and infrastructure, Housing Finance Bank has said. The bank made the call at the REDi Mbarara 2026 – Ankole …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has appointed Dorothy Namutebi as Head of Mortgages and Consumer Banking, placing a banking professional with more than two decades of industry experience in charge of a key business function. Namutebi assumed the new role on August 10, 2026, after spending 15 years …

Kampala, Uganda | PATRICIA AKANKWATSA | Uganda may have built digital infrastructure across much of the country, but a wide gap between connectivity and the ability to use the internet productively is increasingly shifting attention from access to skills. That challenge was at the centre of the graduation of 503 young …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda is expanding cashless payment and internet connectivity services on EBus Xpress as the electric-bus operator adds three new routes serving commuters in Kira Municipality. The new routes, which started operating on August 28, connect Ntinda to Nakwero through Najjera, Kira, Kitukutwe and …

  HARARE | Xinhua |  Zimbabwe’s drive toward electric mobility is gaining momentum, with growing interest in electric vehicles (EVs) signaling a shift toward more sustainable transport systems, as showcased at the Zimbabwe Agricultural Show. At the six-day show, which ended Saturday in Zimbabwe’s capital, Harare, the Central Mechanical Equipment …