Business

Entebbe, Uganda | THE INDEPENDENT | The World Bank has named Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda, effective August 1, 2025. She replaces Mukami Kariuki, who has completed her four-year tour of duty. ‎‎ Akala will lead a country portfolio currently worth $4.5 billion, …

Kampala, Uganda | THE INDEPENDENT | Uganda has has secured a financing facility worth 150 Million Dollars (about 53.7 Billion Shillings) from the Arab Bank for Economic Development in Africa (BADEA) to support private sector growth.‎ ‎This is under the agreement signed by BADEA and the Minister of Finance, Planning …

Kampala, Uganda | THE INDEPENDENT | The financial industry, local and international, is calling for tax incentives and a general national policy on remittances to boost their inflows and enhance their potential influence on the economy. Officially, Uganda receives 1.4 Billion Dollars or about 5 Trillion Shillings annually from Ugandans …

Arua, Uganda | THE INDEPENDENT | Telecom firm, MTN Uganda, has taken another step in its quest to bridge the country’s digital divide by inaugurating a new computer lab at Mvara Secondary School in Arua City. This marks part of a broader Shs 1 billion investment in expanding digital infrastructure …

  Arusha, Uganda | THE INDEPENDENT | Unlocking domestic capital to drive infrastructure development across the East African Community (EAC) is crucial for sustaining economic growth in the region. The EAC faces an infrastructure deficit currently estimated at an annual $42 billion, for modernising transportation, energy, and communication systems. This …

MTN’s fintech firm, which was initially launched in 2009, has grown to become a core pillar of Uganda’s financial ecosystem with more than 13 million customers Kampala, Uganda | JULIUS BUSINGE | In a defining moment for Uganda’s financial technology landscape, MTN Uganda shareholders have officially approved the structural separation of …

These new trading measures are also being implemented in the context of a deteriorating global trading environment for many African economies London, UK | AGENCIES | The UK government has announced new measures intended to simplify imports from Africa and make it easier for UK businesses to conduct trade with counterparts …

Kampala, Uganda | THE INDEPENDENT | Companies have been advised to have thorough planning and preparation to shift from traditional paper-based operations to digital systems. Speaking at a regional business conference that brought together participants from Uganda, Kenya, Zambia, and the United Kingdom, Patrick Ayota, Managing Director of Uganda’s National …

Kampala, Uganda | THE INDEPENDENT |  KACITA Uganda, a business support association, has asked power supplier Uganda Electricity Distribution Company Limited (UEDCL to replace the bulk metering currently being used in Kampala arcades, saying it’s being abused by landlords to fleece traders. Speaking at a meeting organised by the Economic …

Nairobi, Kenya | THE INDEPENDENT | Uganda and Kenya have signed eight Memoranda of Understanding (MoUs) aimed at improving the cooperation between the two countries. The MoUs span multiple sectors, including transport, trade, cultural exchange, and immigration, reflecting a holistic approach to bilateral engagement. These agreements not only reinforce the …