Kampala, Uganda | THE INDEPENDENT | Uganda’s headline inflation for the 2024/25 financial year averaged 3.4%, reflecting moderate price growth amid continued pressure from food and core service costs. The Uganda Bureau of Statistics (UBOS) attributes the rise to persistent increases in food prices and a steady uptick in service-related …
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The bank’s net income climbed from US$125.3 million to US$973.5 million over the same period—representing nearly an eightfold increase Abuja, Nigeria | ISAAC KHISA & AGENCIES | When Professor Benedict Oramah joined the African Export-Import Bank (Afreximbank) in 1994 as a young chief analyst, few could have foreseen that he would …
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Uganda among the countries that are currently trapped in the high debt repayment crisis Kampala, Uganda | THE INDEPENDENT | Since 2010, developing countries’ debt has grown twice as fast as that of advanced economies. Today, 3.4 billion people live in countries spending more on interest payments than on health or …
Read More »New Boda Boda App to Boost Rider and Passenger Safety Nationwide Mityana, Uganda | THE INDEPENDENT | Boda boda riders across the country are set to benefit from a new land loan scheme aimed at improving their housing and settlement conditions. The initiative is spearheaded by the United Boda Boda Riders …
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Monde Selection award handed to UBL for consistently producing internationally acclaimed, high-quality brands. Kampala, Uganda | THE INDEPENDENT | As Uganda Breweries Limited (UBL) approaches 80 years of brewing excellence, the company has added another achievement, receiving the coveted Prestige Trophy from Monde Selection for its 25 years of consistently …
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1. The Value Added Tax (amendment) act, 2025. 2. The Stamp Duty (amendment) act, 2025. 3. The Excise Duty (amendment) (no.2) act, 2025. 4. The Tax Procedures Code (amendment) act, 2025. 5. The supplementary appropriation act, 2025. 6. The hides and skins (export duty). 7. The income tax (amendment) …
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Shareholders of the African Export-Import Bank have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors. Abuja, Nigeria | ISAAC KHISA | Elombi, a Cameroonian national and long-serving executive at the Bank, will take over from Professor Benedict Oramah, who steps down in September 2025 …
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Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Abuja, Nigeria | ISAAC KHISA | Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course …
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Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc continued a long tradition of focusing on expansion, innovation, and strengthening governance structures as they held their 21st Annual General Meeting (AGM) in Nairobi last week. At the end of the landmark AGM on June 25th, shareholders had approved a …
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Kampala, Uganda | THE INDEPNDENT | SBG Securities Uganda Limited, the investment and brokerage arm of Stanbic Uganda Holdings Limited (SUHL), has been honoured as the Best Performing Collective Investment Scheme (CIS) Manager for 2024 by the Capital Markets Authority (CMA). The award was presented at a high-level ceremony held recently …
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The Independent Uganda: You get the Truth we Pay the Price
