Kampala, Uganda | NEWS CORRESPONDENT | Insurance penetration in Uganda remains low, often hindered by misconceptions and lack of awareness. According to experts, one of the biggest challenges is convincing people that insurance is not a luxury but a necessity. “It’s difficult because many people think insurance is not …
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KCB targets the growth gap in female-led firms Kampala, Uganda | JULIUS BUSINGE | Uganda’s banking sector is sharpening its focus on women entrepreneurs, as lenders roll out targeted products to close a long-standing financing gap that has constrained the growth of female-led businesses. Against this backdrop, KCB Bank …
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Uganda confronts new development reality Kampala, Uganda | PATRICIA AKANKWATSA | Declining global aid flows and shifting geopolitical priorities are forcing a rethink of how Africa finances its development. Participants at the ninth Kampala Geopolitics Conference said this week, warning that traditional models are becoming increasingly unsustainable. The conference, held at …
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KAMPALA, UGANDA | Xinhua | Uganda’s export earnings for the year ending February 2026 grew by 63 percent largely due to gold and coffee, a new report said here Saturday. The Performance of the Economy Report for March 2026 issued by the Ministry of Finance, Planning and Economic Development showed …
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Kampala, Uganda | URN | The Uganda Bankers’ Association (UBA) has raised concern over the draft Protection of Sovereignty Bill 2026, warning that it could negatively impact Uganda’s financial sector and slow down economic growth. In a letter addressed to the Attorney General on April 13, 2026, the bankers’ body said …
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Kampala, Uganda | URN | Commercial banks in Uganda continue to announce what they call impressive results for the year 2025, boosted by the country’s 6.5 percent growth, but are worried 2026 might be a reverse if the middle east conflict persists. Absa Bank Uganda is the latest to release …
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According to the MPI, 27 per cent of Ugandans (Approx.12.2 million) are classified as multidimensionally poor, with stark regional disparities Kampala, Uganda | JULIUS BUSINGE | Uganda’s progress in reducing income poverty is masking a more complex reality, as new data shows millions of citizens still face significant deprivation …
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Finance ministry figures released on April 9 show fourth-quarter disbursements of Shs17.444tn, lifting total releases to Shs77.001tn—106.4% of the approved budget and 95.1% of the revised plan Kampala, Uganda | JULIUS BUSINGE | The government has released more funds than initially approved for the current financial year ending …
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Kampala, Uganda | NEWS CORRESPONDENT | Pearl Bank’s full evolution from PostBank to its current identity has got another boost, with Pearl Bank’s latest financial results for the year ended December 2025 telling a story of strong growth. Profit after tax rose 34 percent to sh47.3 billion, customer deposits climbed 43 …
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Kampala, Uganda | URN | Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money. The Ministry of Finance, Planning and Economic Development, declined to include the …
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The Independent Uganda: You get the Truth we Pay the Price
