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MTN Uganda profit jumps to Shs 678.8bn as data, fintech drive growth

Kampala, Uganda | THE INDEPENDENT | As Uganda’s digital economy gathers pace, MTN Uganda says demand for connectivity and digital financial services continued to drive growth in 2025, underlining the expanding role telecommunications companies now play in the country’s economic life. For the year ended December 31, the telecoms operator reported …

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FMO extends $20 million facility to I&M Bank Uganda to boost SME financing

Kampala, Uganda | THE INDEPENDENT | The Entrepreneurial Development Bank FMO has extended a $20 million senior unsecured facility to I&M Bank Uganda Limited to expand financing for small and medium-sized enterprises (SMEs), in a move aimed at strengthening business growth and financial inclusion in Uganda. The financing arrangement includes an initial $10 million senior debt commitment, …

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Government to boost uptake of Spiro e-motorcycles

Kampala, Uganda | JULIUS BUSINGE | The Uganda government has signalled plans to accelerate the adoption of electric motorcycles across public institutions following a high-level visit to the Spiro electric mobility production facility in Namanve Industrial Park. The inspection, led by Robinah Nabbanja early this week, the Prime Minister of …

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