Lira, Uganda | THE INDEPENDENT | The northern city of Lira was abuzz Wednesday afternoon as many business owners flocked to attend the TUPANGE business forum organised by Equity Bank Uganda Ltd. The Tupange engangement targets Small and Medium Enterprises (SMEs), with an aim of sharing tips on business growth, financial assistance, and …
Read More »ICPAU, partners announce entries for 2024 Financial Reporting Awards
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants Uganda (ICPAU), the Capital Markets Authority (CMA), the Uganda Securities Exchange (USE), and Vision Group have announced the 14th edition of the Financial Reporting (FiRe) Awards. The theme is Promoting Excellence in Corporate Reporting: Disclosing ESG Performance …
Read More »Jubilee Life unveils new product, urges Ugandans to save more for the future
Kampala, Uganda | THE INDEPENDENT | Raising awareness and educating the public about available savings options is crucial for fostering a savings culture in the country, according to Kumar Sumit Gaurav, the Chief Executive Officer of Jubilee Life. Gaurav made these remarks during the launch of the company’s Smart Save …
Read More »Corporates told: ESG reporting will attract money for investments
Kampala, Uganda | THE INDEPENDENT | Business operators in Uganda are encouraged to consider environmental, social and governance aspects when compiling their annual financial statements in order to gain relevance before different stakeholders. Annual financial reports are usually made for accountability to business owners, regulators and, increasingly, prospective investors in the …
Read More »DPF reassures Mercantile Bank depositors
Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund (DPF) together with the Bank of Uganda expect to pay 2,850 customers who had accounts with the now closed Mercantile Credit Bank Ltd. This, however, will depend of the reliability of the personal information of the clients at Bank of …
Read More »CSOs identify key opportunities in the Shs72 trillion budget
The non-governmental organisations call for strong anti-corruption measures and debt reduction Kampala, Uganda | JULIUS BUSINGE | Civil Society Organisations (CSOs), under the umbrella of the Civil Society Budget Advocacy Group (CSBAG), have identified several opportunities in Uganda’s new Shs72 trillion budget. They emphasize investments in human capital development, peace and …
Read More »Afreximbank pledge $2bn to Africa Health Security Plan
Kampala, Uganda | THE INDEPENDENT | Afreximbank and the Africa Centers for Disease Control and Prevention have announced a new cooperation agreement at the Global Forum for Vaccine Sovereignty and Innovation in Paris, France. Under this partnership, Afreximbank has committed a $2 billion facility to the “Africa Health Security Investment Plan,” …
Read More »Uganda Clays unveils a 5-year strategic plan
Kampala, Uganda | THE INDEPENDENT | Uganda Clays Limited has unveiled a 5-year strategic plan aimed at enhancing customer satisfaction, boosting shareholder value, and fostering employee engagement. The strategic plan, unveiled at the company’s Annual General Meeting (AGM) in Kampala, signifies a renewed commitment to sustainable growth and value creation under …
Read More »Ugandan bankers bet on ESG for growth
From green bonds to women in business programs, banks are now betting on a new approach Kampala, Uganda | IAN KATUSIIME | The seventh annual bankers’ conference, held at the Kampala Serena Hotel, was abuzz with pitches and plans on Environmental Social and Governance (ESG), a new agenda sweeping through businesses …
Read More »How Aliko Dangote overcame oil mafias, banks to build a refinery in Nigeria
The oil firm borrowed $5.5 billion and has since paid interest and some principal of over $2.4 billion ANALYSIS | ISAAC KHISA & AGENCIES | Global and local oil mafias, alongside international banking interests, attempted to thwart the establishment of a major oil refinery in Nigeria, according to Nigerian industrialists, Aliko …
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