Business

Kampala, Uganda | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open the second quarter of the year? The shilling opened the second quarter of the year (April 2023) trading at the …

The adoption of PAPSS’s cutting-edge settlement model will streamline operations and empower businesses across Africa Kampala, Uganda | THE INDEPENDENT | Five African multinational commercial banking groups including KCB Group, Standard Bank Group, UBA Group, Ecobank Group and Access Bank Group have signed a Memorandum of Understanding with Afreximbank’s Pan-African Payment …

Per capita income increased to about US$930 for FY21/22, edging closer to the lower-middle-income threshold Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic activity is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak, according to the World Bank’s 21st Edition of the Uganda Economic …

Kampala, Uganda | JULIUS BUSINGE |The Public Accountants Examinations Board (PAEB) of the Institute of Certified Public Accountants of Uganda (ICPAU) on June 26 released the results of the May 2023 examinations. The examinations were conducted from May 29 – June 2 at seven examination centres namely – Arua, Fort …

If Uganda is serious about developing new routes to connect the country, it is imperative that a dedicated route development project is formed with a focused team to drive it. COMMENT |  DEREK NSEKO  | In the pursuit of economic growth, nations around the world are increasingly recognizing the pivotal role …

Kampala, Uganda | THE INDEPENDENT | ICEA General Insurance has once again been crowned overall winners of the Insurance Gala 2023 edition held at KISU play grounds. ICEA who were also winners of last year’s edition beat over 40 other participants to the top prize. UAP Old Mutual Insurance emerged the …

Kampala, Uganda | THE INDEPENDENT | On June 27, RwandAir launched new direct flights to the popular city of Paris for the first time. Now customers can fly with RwandAir as the only direct service between Rwanda and France as the airline accelerates its ambitious growth strategy and adds a 25th …

Kampala, Uganda | THE INDEPENDENT | Airtel Mobile Commerce launch Uganda Limited (AMCUL) and the United Nations Capital Development Fund (UNCDF) have announced the launch of an open application programming interface (API) initiative that will grant innovators easy and secure online access to integrate their businesses with Airtel Money services, making …

Kampala, Uganda | THE INDEPENDENT | Local gin prices are among the consumer product prices that have been the main drivers of lowering the rate at which prices increased in Uganda in 12 months ending 30th June. The consumer price indices and inflation report for the period as released by the …

Kasese, Uganda | THE INDEPENDENT | Parish Development Model-PDM beneficiaries in Kasese district have been discouraged from investing money into cotton growing. Kasese district is one of the leading producers of cotton in the entire country but the State Minister of ICT and National Guidance, Godfrey Kabyanga says that cotton growing …