Business

Kampala, Uganda | THE INEPENDENT | Airtel Africa’s East African operations reported strong growth in the first quarter of 2025, driven by rising data consumption, a growing customer base, and ongoing network investments. Mobile service revenue in the region rose to $498 million from $423 million in the same period last …

Kampala, Uganda | THE INDEPENDENT | The race for creative supremacy in East Africa’s marketing and communications industry officially begins as the Uganda Advertising Association (UAA), in partnership with The Loeries, launches the fourth edition of the Silverback Awards. This year’s competition, themed “Elevating the Grind,” promises heightened regional participation and …

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank Uganda (DTB) has been honoured by Mastercard for recording the highest point-of-sale (POS) transaction volumes in Uganda’s banking sector, reaffirming its position as a front-runner in the country’s digital payments landscape. The recognition was presented during an official ceremony by Ali …

Kampala, Uganda | THE INDEPENDENT | In a world that often feels uncertain, one of the most reassuring gifts we can offer the next generation is stability. Not just in words or wishes, but in action. Housing Finance Bank’s Toto’s Treasure Account is a beautiful reflection of that promise, an …

Investors are targeting continent’s vast untapped gold reserves NEWS ANALYSIS | RONALD MUSOKE | Africa, the world’s second-largest gold-producing region after China, is witnessing a surge in gold mining investment in 2025, fueled by strong global demand, favourable prices, and vast untapped reserves attracting increased international interest. So far, billions of …

NEWS ANALYSIS | IAN KATUSIIME | The World Bank has named Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda effective August 1, 2025. She will lead a country portfolio currently worth $4.5 billion, which includes 18 active projects that cover sectors ranging from energy access …

Mbarara, Uganda | THE INDEPENDENT | BrighterMonday Uganda, in collaboration with the Mastercard Foundation, hosted a key “Women in Work” event in Mbarara, marking a significant stride towards championing female employment and leadership in Uganda. The gathering attracted 211 ambitious participants, predominantly women, and served as a crucial platform to …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank reaffirmed its role as a key driver of Uganda’s economic transformation during the Breaking Barriers to Trade 2025 conference, held at the Sheraton Kampala Hotel. The bank showcased its leadership in inclusive finance, entrepreneurial development, and trade facilitation as a headline sponsor and …

  Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has launched a new electronic imports portal (e-Portal), aimed at streamlining import inspections and reducing clearance times. This should in turn address inefficiencies, which, according to a 2022 World Bank report on African trade logistics, cost Ugandan …

The financial services sector led the merger activity with seven reported cases, followed by energy, ICT, and agriculture—sectors under pressure from both global shocks and structural transformation. ANALYSIS | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa (COMESA) saw a record number of merger notifications in 2024, with …