Jinja, Uganda | THE INDEPENDENT | The commandant of UPDF’s land forces, Lt. Gen. Kayanja Muhanga, has challenged the leaders of Wazalendo Sacco, to invest more in the hospitality industry and real estate businesses, which will increase their profit returns. Wazalendo prides in a total membership of 91,000 people, comprising of …
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Kampala, Uganda | THE INDEPENDENT | On Feb.10, Adidas warned over the potential major impact on its profits of ending its partnership with rapper and fashion designer Kanye West last November. The firm’s new boss said it could lose hundreds of millions of dollars this year if it decides not to …
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Kampala, Uganda | ISAAC KHISA | Local telecommunication devices and airtime solutions provider Simba Telecom has confirmed plans to enhance its market presence and effectiveness by improving its retail distribution capacity. The Simba Group operating subsidiary, which is also integrated telecommunications firm MTN’s lead distribution partner, is investing about US$1,000,000 in …
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Kampala, Uganda | Xinhua | The United Nations Food and Agriculture Organization (FAO) has urged Uganda to repurpose public investment in agriculture to spur economic recovery in the face of the COVID-19 effects and the Russia-Ukraine conflict. A report, issued by the FAO late on Wednesday, said in the context of …
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The Bank’s investment portfolio improve 15% to Shs1.8tn | THE INDEPENDENT | Uganda Development Bank Ltd (UDB) has reported that it disbursed loans worth Shs237bn in the third quarter of 2022, lower than Shs333bn that was approved in the period under review, it said in a media release dated Oct.28. …
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Governments need to stop using a one-size-fits-all approach when planning investments or designing policies COMMENT | CHRISTOPHER PISSARIDES, FADI FARRA AND AMIRA BENSEBAA | The digital age has taught businesses to see people as individuals rather than just as members of certain demographic cohorts. On social media, we receive …
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For as low as Shs100,000, you can start investing in your future with Housing Finance Bank through the portal SPECIAL FEATURE | BUSINESS | Housing Finance Bank has launched its Securities Portal. The online portal, which is housed on the Bank’s website, allows customers to buy Treasury Bills and Bonds from anywhere, …
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Africa startups have defied a slump in global venture capital funding, raking in a record US$ 4 billion in the nine months ending September, just US$ 500 million short of surpassing its total 2021 haul SPECIAL FEATURE | BIRD STORY AGENCY | Africa’s VC scene remained resilient in spite of …
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Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has outlined several initiatives aimed at encouraging foreign direct investment from Ugandans living abroad, while still improving the livelihoods of the people at home. Peace K. Ayebazibwe, the Executive Director of Housing Finance Bank shared the bank’s vision on Thursday at …
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Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Thomas Tayebwa has asked legislators from Germany to interest their investors to set up shops in Uganda. Tayebwa told a delegation from the Bundestag (Germany’s National Assembly) led by Stefan Rouenhoff, who represents the State of North Rhine-Westphalia, that the country …
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