Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has announced a transformative partnership with FinCom Technologies, the creators of the SchoolPay platform, to deliver the first fully digital lending solution for schools in the country. The collaboration gives thousands of private education institutions immediate access to pre-scored, cash flow-aligned …
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From Sh40,000 to a Multi-Branch Business: Abel Byamukama’s journey Fort Portal, Uganda | THE INDEPENDENT | Abel Byamukama is a 29-year-old entrepreneur from Maguru Village, Kyabukonkoni Division, Fort Portal City. He is the founder of “Klean Star Products”, a growing enterprise that manufactures liquid soap and a range of home-care products. …
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Kampala, Uganda | THE INDEPENDENT | Health, agriculture and infrastructure projects are lined up for a much-needed financial injection following the tabling of loan requests totalling about US$ 399 million. The proposals were presented to Parliament on Wednesday, 03 September 2025, by the Minister of State for Finance, Planning and …
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Hoima, Uganda | THE INDEPENDENT | The Elderly in the Bunyoro sub-region have raised concerns about the difficulties they are enduring while securing loans from financial institutions. They argue that the various money lending institutions and commercial banks have denied them opportunities to access loan services, citing concerns about their …
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How dfcu Bank is powering Uganda’s asset ownership revolution and unlocking economic potential in Uganda COMMENT | GLORIA SSUUNA NAMUTEBI | In today’s economy, owning a productive asset—a vehicle, a motorcycle, or a piece of machinery—is more than a convenience. It’s a catalyst for financial independence, business growth, and generational wealth. …
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Kampala, Uganda | THE INDEPENDENT | Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed “ambitious”, a journey to grow the economy from the current 53 Billion …
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Mukono, Uganda | THE INDEPENDENT | Hamida Mutesi Nalule, a renowned moneylender in Seeta Bajjo, Mukono Municipality, has been stabbed to death by a client owing her sh18 million. Nalule, according to Racheal Namwanje, loaned Elvis Katabaazi sh18 million last year, but the latter had never bothered to pay it …
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Kampala, Uganda | THE INDEPENDENT | In yet another move to empower riders nationwide, the BodaBoda Riders Cooperative Union on Wednesday unleashed several products to empower members that use the ride-hailing app, Union App. At a colorful event at Garden City in Kampala, Uganda’s top boda-boda cooperative officially launched Union …
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KAMPALA, UGANDA | THE INDEPENDENT | MOGO Uganda, an asset financing company, has introduced a smartphone loan program in collaboration with Airtel Uganda, making Tecno, Infinix, and itel devices more accessible to a wider range of Ugandans. This move meets the rising need for cost-effective smartphone access, enabling people to …
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The UMEME buyout isn’t just a transaction. It’s a test. Of vision. Of sovereignty. Of whether we believe in our people enough to let them own the infrastructure they depend on. COMMENT | APOLLO BUREGYEYA | The government wants to re-acquire UMEME. Price tag: UGX 700 billion. Financing plan? A …
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The Independent Uganda: You get the Truth we Pay the Price
