Business

The bank also marked its 30th anniversary, celebrating three decades of dedication to financing and fostering trade across Africa Kampala, Uganda | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has recorded a significant leap in its financial performance for the year ended Dec.31, 2023, with net interest income soaring …

Choplife.ci marks a significant milestone in Mr Eazi’s journey within the iGaming industry, reflecting his dedication to African entertainment and digital innovation Abidjan, Ivory Coast | THE INDEPENDENT | The strategic investments and operational expertise Nigerian music sensation Mr Eazi i has accumulated over the past seven years, has led …

Kampala, Uganda | THE INDEPENDENT | Institute of Certified Public Accountants of Uganda (ICPAU) has decided to periodically issue and gazette a list of accountants that will be legally mandated to carry out accountancy activities. This is part of the efforts by the institute to ensure that only professional and licensed …

Kampala, Uganda | THE INDEPENDENT | Local Ugandan Investors, represented by the Uganda National Chamber of Commerce and Industry (UNCCI), are urging the government to treat them on par with their foreign counterparts and to curb the detrimental behaviors exhibited by politically affiliated business entities aligned with the ruling elite. …

Kampala, Uganda | THE INDEPENDENT | Business activities in downtown Kampala, particularly in the Kikuubo hub, have been disrupted as some traders opted to close their shops in protest over various concerns regarding business operations. These concerns include issues with tax policy and administration, particularly the enforcement of the electronic …

HARARE | Xinhua |  Zimbabwe’s new currency — the Zimbabwe Gold (ZiG) — will start circulating in the economy on April 30, Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has said. In a statement issued Saturday night, Mushayavanhu said the new notes and coins were already under production while …

SPECIAL REPORT | THE INDEPENDENT | The Minister of Finance Matia Kasaija has urged money-lending institutions to exhibit a high degree of honesty and integrity. Kasaija was speaking at the opening ceremony of the Goldmine Finance Branch at Kabalagala. He noted that most banks and money lending institutions only prioritize collecting …

NAIROBI, Kenya | Xinhua | The Kenya shilling strengthened against the U.S. dollar Friday to close the week at the 130 mark, the strongest level in about a year. The Central Bank of Kenya (CBK) quoted the local unit at 130.7 shillings against the dollar Friday, as the local currency …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector completed the third quarter (January-March) of this financial year on a lower note as firms reported lower business across the main economic sectors. The deterioration in business conditions during March, marked the end of a 16-month upward improvement trend in the health …

Kampala, Uganda | THE INDEPENDENT |  General Wilson Mbadi, the newly appointed State Minister of Trade, has issued a stern warning to the Uganda National Bureau of Standards (UNBS) and the Trade Ministry staff. He made it clear that incompetence and laxity will not be tolerated under his leadership. Gen …