Beijing, China | THE INDEPENDENT | The Embassy of the Republic of Uganda in Beijing Thursday hosted the Uganda–China (Changsha) Agricultural Trade and Investment Forum in Changsha under the theme “Cultivating Partnerships for Prosperity”. The forum brought together government officials, investors, and business leaders to strengthen cooperation between Uganda and …
Read More »East Africa leads hotel construction, boosting regional economies
Global chains dominate the development pipeline, with Marriott International leading with 31,782 rooms under construction, followed by Hilton and Accor NEWS ANALYSIS | THE INDEPENDENT | East Africa is emerging as the engine of Africa’s hotel development, with Kenya, Ethiopia, and Tanzania showing some of the highest construction ratios on …
Read More »Katikiro lauds JCRC, Pearl Bank and Rotary for spearheading $4million bone marrow facility drive
Mengo, Uganda | THE INDEPENDENT | A nationwide drive to raise $4 million to complete the building of the first Bone Marrow Transplant (BMT) facility in Uganda has got the backing of the Katikiro of Buganda. The Katikiro of Buganda Owek. Charles Peter Mayiga today hailed the Joint Clinic Research …
Read More »Equity Group delivers record 55% profit growth as Uganda business surges 500%
Equity Group records historic results reporting a 55% growth in profit after tax of Kshs 75.5 billion, underscoring the success of its strategic transformation. Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has announced record results in Kenya’s corporate history, posting a 55% increase in profit after tax …
Read More »FMO lends $20 million to I&M Bank for SMEs
Kampala, Uganda | THE INDEPENDENT | FMO, the Netherlands’ development bank, has extended a $20million senior unsecured facility to I&M Bank Uganda Limited to expand lending to small and medium-sized enterprises (SMEs), a segment widely seen as vital to Uganda’s economic growth but often constrained by limited access to finance. …
Read More »Energy shocks from Mideast tensions to reshape global market outlook
LONDON, UK | Xinhua | Oil prices surged as global markets opened on Monday amid growing concerns that escalating tensions in the Middle East could disrupt energy supplies and ripple through global financial markets. Brent crude, the international benchmark, rose 2.5 percent to 105.61 U.S. dollars per barrel in early …
Read More »Stanbic Bank urges youth to exploit targeted empowerment initiatives
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank’s head of personal banking, Israel Arinaitwe has urged students and recent graduates to actively exploit the youth empowerment initiatives available to sharpen their skills, strengthen their goals, and position themselves for growth after university. Arinaitwe said, “What we’ve done as a bank, …
Read More »Aga Khan exits media to back high-impact sectors
This development comes at the time traditional media outlets worldwide are struggling with declines in core revenue streams, particularly print and broadcast advertising as audiencees goes online NEWS ANALYSIS | JULIUS BUSINGE | The Aga Khan Development Network (AKDN) is poised to exit East Africa’s traditional media industry after …
Read More »Cheap boda boda engine oil is more expensive than you think
COMMENT | ALLAN OMURON | Uganda’s boda-boda sector operates under relentless pressure, tight margins, long working hours, unforgiving roads that push the riders and machines to their limits. Conversations about boda safety often focus on rider behaviour – speeding, helmet use, licensing, or traffic discipline – leaving out one equally …
Read More »Uganda’s NGOs at a crossroads as funding and regulation tighten
The NGO Bureau chief says about 7,000 NGOs operate in Uganda, though many have closed or downsized due to funding and compliance challenges Kampala, Uganda | JULIUS BUSINGE | The future of Uganda’s non-governmental organisation sector is increasingly uncertain, as a combination of donor withdrawal, regulatory scrutiny and operational …
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