Business

Kampala, Uganda | THE INDEPENDENT |  In a strategic move intended to provide institutional investors with secure, efficient, and compliant solutions to safeguard their assets and facilitate seamless investment operations, Absa Bank Uganda has today reintroduced its custody services. Officials say it marks a significant milestone in the bank’s commitment to …

Kampala, Uganda | THE INDEPENDENT |  Absa Bank has shown its continued commitment to expanding its footprint across Uganda by unveiling a new branch in Nansana, located at Sibyangu Plaza. The opening ceremony brought together key players in the financial sector, including representatives from the Bank of Uganda, regulators, local …

Kampala, Uganda | Insurance has evolved from simple community risk sharing to complex reinsurance, allowing insurers to spread large risks. But how are the continent’s largest projects protected? Isaac Khisa spoke with Stephen Chikovore, MD of UAP Old Mutual Uganda, and here is the excerpt. Insurance, at its core, is …

Liberty General Insurance unveils “Protecta Bode” – An Affordable Car Body Coverage Solution in Partnership with Stanbic Bancassurance Agency & SafeCar by SafeBoda Kampala, Uganda | THE INDEPENDENT | There is often a lot of drama at car accident scenes across the country, with drivers of the concerned vehicles blaming each …

Kampala, Uganda | Fred Onzima | As Uganda’s financial landscape continues to embrace digital technology, a new initiative by FINCA Uganda is aiming to bridge the gap between digital banking and underserved communities. While mobile banking apps, USSD codes, agent networks, and online platforms have improved access to financial services nationwide, …

Kampala, Uganda | THE INDEPENDENT | A cybercrime group known as RevengeHotels has begun using artificial intelligence to steal guests’ payment data in a new wave of attacks on hotels worldwide, according to cybersecurity company Kaspersky. The group, active since 2015, has traditionally targeted hotels in Brazil but has expanded operations …

Reinsurers on the continent operate in a harsh socio-economic environment marked by inflation, political instability, increased competition and the depreciation of local currencies against the dollar Kampala, Uganda | ISAAC KHISA | Africa’s reinsurance market has for decades been dominated by global giants such as Swiss Re, Munich Re, and the …

Unveiling made to 350 digital eco-system experts attending landmark summit Kampala, Uganda | THE INDEPENDENT & AGENCIES | MTN Group has pledged to continue driving financial inclusion, supporting small businesses, enabling financial independence, and building digital ecosystems that power Africa’s economic growth. This pledge was made at the MTN Group’s first …

  Kampala, Uganda | THE INDEPENDENT | Uganda Baati Limited (UBL) has confirmed its participation in the 31st Uganda International Trade Fair, which will run from October 2 to 12, 2025, at the UMA Show Grounds in Lugogo, it said in a news write-up shared on Sept.29. The trade fair, organized …

  Kampala, Uganda | PATRICIA AKANKWATSA | The Singleton Big Meeting returned on Sunday with a refreshing twist, as guests swapped their seats for the bartender’s counter in a do-it-yourself (DIY) cocktail experience at Thrones Bar & Lounge. The monthly party series, staged every last Sunday, has earned a reputation …