Business

Inside the 2026/27 revenue push, public pushback, and the battle over fairness NEWS ANALYSIS | RONALD MUSOKE | On April 2, Henry Musasizi, the Minister of State for Finance (General Duties), presented a raft of tax proposals to Parliament to finance a proposed Shs 84 trillion budget for the 2026/27 financial …

Kampala, Uganda | URN | A prolonged crisis in Uganda’s tea sector—marked by financial strain, market challenges, and weak regulation—has forced the government to step in with new laws and a planned 310 billion shillings investment to revive the industry. The Minister of State for Agriculture, Fred Bwino Kyakulaga, said the …

  Cairo, Egypt | THE INDEPENDENT | African Export-Import Bank (Afreximbank) posted a 19% rise in net profit for 2025, driven by strong lending growth and continued financing of key sectors across Africa. The Cairo-based lender said net income reached $1.2 billion for the year ended Dec. 31, up from …

Fort Portal, Uganda | NEWS CORRESPONDENT | Diamond Trust Bank (DTB) has reaffirmed its commitment to support Uganda’s agricultural sector through its partnership with the Uganda Tea Association (UTA). During the three-day members’ retreat held in Fort Portal, themed around strengthening collaboration and strategic growth, the gathering brought together major growers, …

Kampala, Uganda | URN | ‎Toilet paper is one of the most most cracked down for standards by the Uganda National Bureau of Standards (UNBS), according to frequency of the operations.‎ ‎It is also one of the fastest-running consumer products used and manufactured locally. ‎‎The recent operations saw close to …

Kabale, Uganda | URN | The Uganda Police Force has started an initiative to support wives of police officers with a poultry project as a way of boosting household incomes and promoting self-reliance. The Assistant Inspector General of Police and Chief Political Commissar, Ubaldo Bamunoba, on Thursday held a closed-door …

Tororo, Uganda  | NEWS CORRESPONDENT | Diamond Trust Bank (DTB), a leading financial institution in Uganda, has officially opened its new Tororo Branch, reinforcing its commitment to delivering accessible, efficient, and people-centred banking services across Eastern Uganda. Officials said the new branch forms part of DTB’s broader plan to refine its …

  Soroti, Uganda | URN | The National Social Security Fund (NSSF) has warned its clients to be aware of persons claiming that they can assist them in accessing their benefits. Patrick Ayota, the Managing Director of NSSF, said individuals posing as NSSF employees often lurk around their offices, preying …

Harare, Zimbabwe | AGENCIES | Zimbabwe launched its upgraded banknotes on Tuesday with an appeal to national pride and confidence. The BiG5 series features the country’s iconic animals to symbolise national identity and resilience. The rollout begins with 10, 20 and 50 Zimbabwe Gold notes. Higher denominations will follow later, …

Nairobi, Kenya | THE INDEPENDENT | Safarilink Airlines has introduced double daily flights connecting Nairobi, Kisumu and Entebbe, strengthening regional air links across East Africa and targeting both business and leisure travellers. The service departs from Nairobi’s Wilson Airport and offers morning flights daily, with additional afternoon frequencies on select …