Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has launched a new campaign, ‘Oli Sorted for Shuwa’, aimed at providing a financial lifeline to its consumer and commercial clients struggling with cash flow, expensive loan repayments, or school fees ahead of the new term. The campaign is open to all Stanbic …
Read More »Bank of Baroda records 12% drop H1 profits to Shs 59.8bn
Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has posted a 12.3% decline in net profit for the six months ending June 30, 2024, with profits falling to Shs 59.8 billion. This drop in profitability comes despite an increase in revenues, which was offset by a sharp rise in interest …
Read More »Equity Bank unveils digital savings options to boost financial inclusion
2023 FinScope Uganda survey shows that 60% of Ugandans are saving with a significant portion of the population relying on informal means Kampala, Uganda | THE INDEPENDENT | Equity Bank has unveiled a range of new digital savings products designed to help customers save seamlessly, grow their money and reach their …
Read More »WHO at UNGA: Tackle antimicrobial resistance
Despite significant strides, progress towards health targets remains off track, exacerbated by ongoing humanitarian, social, and climate crises ANALYSIS | THE INDEPENDENT | The World Health Organization (WHO) and partners will call on world leaders to address critical global health challenges, and invest in global public health, at meetings throughout the …
Read More »NSSF reports 15% surge in earnings to Shs 2.5 trillion
Savers set to earn double-digit return on their contributions for the last financial year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) saw its earnings rise by 15% to Shs 2.53 trillion for the financial year ending June 30, 2024, driven by gains across its investment portfolio, …
Read More »2000 environmental activists murdered in decade of bloodbath-report
Thousands of land and environmental activists killed since 2012 including five in Uganda ANALYSIS | RONALD MUSOKE | Nearly 200 land and environmental defenders were killed last year while working to protect their homes, communities, and the planet, according to a new report released on Sept.10 by Global Witness and its …
Read More »Museveni @ 80
What can an Octogenarian Museveni accomplish for Uganda that he has not already achieved in 38 years? COVER STORY | RONALD MUSOKE | The nondescript village of Kijaguzo in Semuto, Nakaseke District, in central Uganda was a beehive of activity on Sept. 15 as government dignitaries, religious leaders and residents from …
Read More »The Telegraph’s hit job on Muhoozi
How this newspaper’s work is laced with endemic racism that may even be unconscious to the author THE LAST WORD | Andrew M. Mwenda | Most Western journalism on Africa has always been ghetto journalism. Now in last week’s story about Gen. Muhoozi Kainerugaba, this British newspaper, The Telegraph, took journalism to the …
Read More »Confronting Africa’s Cost-of-Living Crisis
Recent protests in Nigeria and Kenya should encourage governments to rethink constraints on public spending COMMENT | HIPPOLYTE FOFACK | The rising cost of living in Africa has triggered a wave of protests in recent months, underscoring the disproportionately higher economic and social costs of inflation on a continent with persistent …
Read More »How recycler ATM’s make life easier for customers
Recycler ATMs have reduced dependency on bank staff, allowing you to handle your transactions quickly and efficiently, which can be a significant time-saver Kampala, Uganda | THE INDEPENDENT | It is a late Friday night, dark and lonely. You pace around, soliciting a cash bailout from your friends and anyone else, …
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