Business

The South African telco will own 55% of Safaricom after buying further stakes from the Kenyan government and parent Vodafone Nairobi, Kenya | DAVID THOMAS | South Africa’s Vodacom Group is to acquire 15% of Kenya’s Safaricom from the Kenyan government and an additional 5% from parent company Vodafone in …

    Kampala, Uganda | THE INDEPENDENT |  Diamond Trust Bank (DTB) Uganda, a leading financial institution in Uganda, has announced a new partnership with Furaha Finserve Uganda Limited aimed at easing the burden of school fees for families across the country. The collaboration introduces the DTB–Furaha School Fees Loan, a …

Johannesburg, South Africa | THE INDEPENDENT | Uganda is looking to expand the reach of its homegrown technology across the continent through a strategic dialogue with MTN, the South African telecom giant. A delegation led by Ugandan High Commissioner Paul Amoru met with MTN South Africa’s General Manager for Enterprise …

 A total of US$2.2bn has gone to local firms, 17,000 jobs created & a skilled generation is ready for first oil Kampala, Uganda | JULIUS BUSINGE | As Uganda stands on the cusp of its ‘first oil’ in late 2026, the nation is witnessing a paradigm shift in its oil …

As Uganda’s pension sector expands in scale, complexity, and strategic importance, the conversation around coverage, innovation, and long-term sustainability has never been more urgent. With assets now exceeding UGX 30 trillion and new schemes emerging to serve both formal and informal workers, the industry is undergoing a quiet but decisive …

The company operates four power stations — Nalubaale–Kiira, Isimba, Namanve and Karuma — with a combined installed capacity of 1,213MW Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL), the state-owned power producer, reported a sharp fall in annual profit for the 2024/25 financial year, underscoring the …

Dubai, UAE | THE INDEPENDENT | MAM Telecom Ltd, a Kampala-based fintech solving mobile money float shortages, has been accepted into FasterCapital’s prestigious EquityPilot acceleration program. The partnership will support MAM Telecom in raising a $5 million seed round to launch East Africa’s first 24/7 digital float liquidity platform. Uganda’s …

Kampala, Uganda | THE INDEPENDENT |  Entrepreneur Stuart Kasule is introducing a wave of premium international liquor brands to Uganda’s beverage market, aiming to elevate the drinking experience in East Africa. Pearl Liquors Uganda Ltd., founded by Kasule, who built his career in Australia, is launching three globally recognized brands: …

Bundibugyo, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has announced plans to establish a chocolate factory in Bundibugyo District, reaffirming his commitment to expanding value addition and creating jobs in Uganda’s cocoa-rich region. Addressing supporters during his campaign tour, the NRM Presidential Flagbearer said the venture will harness …

PRAU honors Uganda’s top innovators at 9th Excellence Awards Kampala, Uganda | THE INDEPENDENT | The Public Relations Association of Uganda (PRAU) has been hailed for investing in recorgnising organizations and individuals who champion innovations and brilliance. Held under the theme “Recognizing Innovation and Impact in Public Relations,” the 9th PRAU …