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In The Magazine

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dfcu Bank’s H1 profits up 56% to Shs29.3bn

But loans and advances to customers reduced by 16% Kampala, Uganda | THE INDEPENDENT | dfcu Bank has reported a 56% improvement in net profit to Shs29.3bn in the first six months to June.30 driven by a reduction in loan impairment. The lender’s financial results released on Aug.24 show continuous growth …

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Prudential supports Mulago Hospital

Kampala, Uganda | THE INDEPENDENT | Prudential Uganda announced a $30,000 donation to Mulago National Referral Hospital of essential medical supplies such as safety boxes for syringes, heavy-duty aprons, and sterile and examination gloves. The donation, which is part of the Prudential Post COVID Recovery Funds initiative, is a significant step …

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BRICS invites six new members, including Egypt

Other major African players, such as Nigeria and Ghana, have expressed informal interest ANALYSIS | RUXANDRA LORDACHE | The BRICS economic coalition of emerging markets has extended membership invitations to six nations. The BRICS alliance  which is composed of Brazil, Russia, India, China and South Africa is set to invite …

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URA surpass FY2022/23 revenue target

The target for revenue collection in the fiscal year 2023/24 has been set at Shs29trillion Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has reported Shs57bn as surplus revenue collected for the FY2022/2023, registering a big achievement given the recent years’ mixed performance that was dented by COVID-19 lockdowns and …

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