Business

The company expects continued double-digit growth in service revenue, supported by rising smartphone adoption, fintech expansion, and a favourable economic environment Kampala, Uganda | THE INDEPENDENT |  MTN Uganda Ltd has announced a second interim dividend of Shs 10.5 per share, representing a 40 percent increase from the previous payout. The …

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited (UDB) has announced its role as the lead sponsor of the Ugandan Pavilion at the upcoming United Nations Climate Change Conference (COP30), set to take place from November 10 to 21 in Belém, Brazil. The pavilion will serve as the …

The greatest risk is not in investing in Africa’s own potential, but in failing to do so Kampala, Uganda | Julius Businge | A continental push is underway to harness Africa’s estimated $700bn in pension assets to fund crucial infrastructure and reduce reliance on foreign debt, senior officials said at the …

Kampala, Uganda | Agencies | Africa’s multi-lateral lender, African Development Bank (AfDB) has approved an additional €217.37 million ($250.78 million) in financing to the Ugandan government for the completion of the Busega–Mpigi and Kagitumba–Kayonza–Rusumo Roads Project, a critical transport corridor linking Uganda and Rwanda. The new funding is expected to ease …

    Yas boosts fibre expansion and job creation across East Africa Kampala, Uganda | JULIUS BUSINGE |  Yas, a subsidiary of AXIAN Telecom Holding & Management PLC, has officially completed the acquisition of 99.63% of Wananchi Group (Holdings) Ltd—the parent company of Zuku and Simbanet—in a transaction valued at …

Kampala, Uganda | JULIUS BUSINGE | Insurance company SanlamAllianz General Insurance Uganda today (Nov.11) launched its new product, On-the-GO Accident Cover, at its headquarters in Kololo. The product, which starts at just Shs1,300, is designed to provide affordable and accessible accident protection for travelers and daily commuters. According to company …

NEW YORK | Xinhua |  China remains our “most irreplaceable customer,” said Jim Sutter, chief executive officer of the U.S. Soybean Export Council (USSEC). “We have been in China since 1982. Over the past 43 years, we’ve invested in relationship-building, training and cooperation with the Chinese industry to create mutual …

Digitel’s foray into South Sudan’s telecom market is testing the grip of entrenched players, exposing gaps in coverage and challenging assumptions about who gets to build connectivity in one of the world’s least served nations SPECIAL REPORT | BIRD AGENCY | South Sudan’s telecommunications sector, long dominated by foreign multinationals, …

Equity Group is also accelerating its entry strategy. In September, Equity Group chief executive James Mwangi met with officials from the Ethiopian Investment Commission to discuss licensing and operational frameworks, according to Semafor Africa. SPECIAL REPORT | BIRD AGENCY |  Ethiopia’s banking market, once sealed off to foreign participation, has …

  Absa and MEST Africa announce the Top 10 finalists for the MEST Africa Challenge 2025 Johannesburg, South Africa | THE INDEPENDENT | Two Ugandan startups have made it to the list of Top 10 finalists of the MEST Africa Challenge (MAC) 2025.  Credify Africa Inc and Kanzu Finance Ltd from Uganda, …