The lender has waived transaction charges and loan arrangement fees for six months and says credit decisions will be made within 48 hours Kampala, Uganda | JULIUS BUSINGE | NCBA Bank Uganda has launched a new business banking proposition offering unsecured loans of up to Shs500 million within …
Read More »Uganda tightens control over public spending
Digital procurement oversight expands across 1,296 government projects Kampala, Uganda | JULIUS BUSINGE | The Ugandan government has begun digitally monitoring public projects worth approximately Shs1.2 trillion ($320 million) as authorities step up reforms aimed at improving spending efficiency, strengthening contract oversight and reducing procurement-related losses. The Public Procurement …
Read More »Stanbic bets on cheap credit to unlock SACCOs potential
Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has cut its lending rate to 10% per annum for agriculture-based savings and credit cooperative organisations (SACCOs), in a move that underscores rising competition among lenders targeting Uganda’s rural financial ecosystem. The reduced rate is aimed at improving access to …
Read More »MTN further clarifies July 5 service disruption
Kampala, Uganda | JULIUS BUSINGE | “We are sorry to our customers who were affected by the service disruption that happened on Sunday.” That apology dominated a media briefing addressed by top MTN Uganda officials at the company’s headquarters in Kampala on July 7, as management sought to explain …
Read More »East African Crude Oil Pipeline now beyond 90% completion
The project, however, remains the subject of criticism from environmental organisations, which have raised concerns about its ecological and climate impacts Kampala, Uganda | JULIUS BUSINGE | The East African Crude Oil Pipeline (EACOP), one of Africa’s biggest energy infrastructure projects, has passed the 90% completion mark, bringing Uganda …
Read More »Quality Chemical’s expansion problem
Shareholders approved a final dividend of Shs6.4 per share, taking the total payout for the year to Shs16.6 per share, up 23 percent from Shs13.5 in the previous financial year Kampala, Uganda | JULIUS BUSINGE | Quality Chemical Industries Limited (Qcil) has said it remains confident in its …
Read More »Uganda’s lottery shuffle
The exit of a lottery operator exposes both the strain and the strength of a booming digital gambling industry Kampala, Uganda | JULIUS BUSINGE | The exit of ITHUBA Uganda Limited from the National Lottery business has drawn fresh attention to the stability of Uganda’s fast-growing gaming industry, …
Read More »Uganda’s insurers cross Shs2 trillion, but coverage remains paper-thin
Life insurance drives record growth, even as most Ugandans remain outside the formal safety net Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance industry reached a historic milestone in 2025 after gross written premiums (GWP) surpassed the Shs2 trillion mark for the first time, signalling a maturing sector …
Read More »PRAU marks 50 years with national symposium focused on strategic communication
Kampala, Uganda | JULIUS BUSINGE | The Public Relations Association of Uganda (PRAU) has launched its 5th National Public Relations Symposium, set to take place on July 3, 2026 at Golf Course Hotel in Kampala, as the body marks 50 years of advancing the public relations profession in the country. …
Read More »Ugandan engineers launch ‘The Voice’ to amplify professional messages
Kampala, Uganda | JULIUS BUSINGE | The Uganda Institution of Professional Engineers (UIPE) has launched The UIPE Voice, a monthly public engagement platform aimed at bringing engineering issues closer to the public, promoting transparency in infrastructure development, and strengthening the profession’s contribution to national development. The platform, unveiled on …
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The Independent Uganda: You get the Truth we Pay the Price