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BoU taps local refinery in push to build gold reserves

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has signed a contract with Euro Gold Refinery to supply gold under its Domestic Gold Purchase Programme, marking a shift toward local value addition as the central bank moves to strengthen its reserve base. The agreement follows the central bank’s decision to directly purchase gold …

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Exim Bank Uganda rolls out new financing option for SMEs

Kampala, Uganda | THE INDEPENDENT | Exim Bank Uganda has launched “Deals Move with Exim Trade Finance Solutions,” a new trade finance campaign aimed at enabling businesses to operate without interruption and seize opportunities in an increasingly competitive market, it said in a media release dated Apr.9. Trade finance is critical …

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Minister Musasizi pushes for innovation in insurance sector

Kampala, Uganda | THE INDEPENDENT | Minister of State for General Duties at the Ministry of Finance, Planning and Economic Development, Henry Musasizi, called on industry stakeholders to embrace innovative solutions to grow Uganda’s insurance market during the 2025 Annual Insurance Innovation Awards held recently in Kampala. Musasizi noted that …

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Coca-Cola Beverages Uganda rewards 54 top-performing distributors with Tuk Tuk delivery vehicles

Kampala, Uganda | THE INDEPENDENT |  Coca-Cola Beverages Uganda (CCBU) has rewarded 54 top-performing distributors with fully equipped Tuk Tuk delivery vehicles in recognition of their performance under the Tuk-Tuk Peak Challenge. The awards were presented recently in Kampala, with the initiative celebrating distributors who met and exceeded peak sales targets. …

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UBL, Uganda Red Cross Society sign 5-year road safety partnership

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) and the Uganda Red Cross Society (URCS) have launched a five-year partnership expected to benefit thousands of Ugandans by tackling alcohol-related harm, improving road safety, and strengthening community preparedness across the country. The agreement was signed recently at UBL’s head …

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