Business

  Kampala, Uganda | THE INDEPENDENT | Uganda’s journey toward a greener and more sustainable transport sector is gaining momentum, with E-Bus Xpress playing a pivotal role in realizing the country’s national e-mobility vision. The E-Bus Xpress is Uganda’s first electric mass transport initiative by Kiira Motors Corporation, currently operating in …

BEIJING, CHINA | Xinhua | Global trade in services is accelerating its shift toward greener and smarter development, with green technologies and environmental solutions emerging as new growth drivers and creating broader opportunities for international cooperation. At the ongoing China International Fair for Trade in Services (CIFTIS) in Beijing, new-type …

Kenya has introduced new banking policies. An economist weighs them up Nairobi, Kenya | AGENCIES | The Central Bank of Kenya has made two significant changes in the country’s banking sector. The first is to lift a decade-long moratorium on licensing new banks. Second is to raise capital requirements, the amount of money …

Kampala, Uganda | THE INDEPENDENT | The Uganda Green Enterprise Finance Accelerator (UGEFA) has signed a new partnership with I&M Bank Uganda to scale up financing and advisory support for businesses driving the country’s green transition. The collaboration, unveiled at a launch event at Protea Hotel in Kampala, will channel …

Kampala, Uganda | THE INDEPENDENT | Delegates from the International Vision Zero Africa Conference visited Coca-Cola Beverages Uganda (CCBU) on early this month to get a first-hand view of the company’s safety practices. This comes after Uganda, through the Ministry of Gender, Labour and Social Development, hosted the Third International …

Kampala, Uganda | THE INDEPENDENT | Parliament has stood over debate on the Energy Efficiency and Conservation Bill, 2024, stopping the proposed law from progressing to its second reading. According to the report of the Committee on Environment and Natural Resources, the object of the Bill is to establish a …

    Kampala, Uganda | THE INDEPENDENT | The Uganda Green Enterprise Finance Accelerator (UGEFA) has announced a landmark partnership with Housing Finance Bank aimed at expanding access to finance and business support for environmentally sustainable enterprises across the country. This collaboration marks a significant milestone in efforts to foster …

  Kampala, Uganda | PATRICIA AKANKWATSA | Vivo Energy, the pan-African retailer and marketer of Shell and Engen-branded fuels and lubricants, has unveiled a new digital solution to help businesses cut equipment downtime and maintenance costs. The system, called VE-CEM (Continuous Equipment Monitoring), uses Digital Twin technology from Vivo Energy’s strategic partner, …

Fewer complaints and stronger consumer protections signals growing trust in the industry going forward, players say Kampala, Uganda | JULIUS BUSINGE | The Insurance Appeals Tribunal (IAT) has revealed that its rulings over the past three years are already shaping reforms and practices in Uganda’s insurance industry, fostering greater transparency …

The Fund’s Assets Under Management grew by 17.5% to Shs 26 trillion by the close of the Financial Year 2024/25 Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has reported a remarkable performance for the financial year 2024/25, marking the close of its 10-year strategic plan, …