Kampala, Uganda | THE INDEPENDENT | The rationalisation of the Non-Performing Assets Recovery Trust (NPART) and Departed Asians Property Custodian Board will only be concluded after an audit, Parliament has directed. On Tuesday, April 23, 2024, Parliament debated the Non-Performing Assets Recovery Trust (Amendment) Bill, 2024 that purposes to dissolve the …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector completed the third quarter (January-March) of this financial year on a lower note as firms reported lower business across the main economic sectors. The deterioration in business conditions during March, marked the end of a 16-month upward improvement trend in the health …
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Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded Sheenah Ndamiya the Director of Kadodi 256 Ndamiya Safaris Limited on charges of electronic fraud of more than 326.9 million shillings. Ndamiya was on Tuesday arraigned before Court presided over by Grade One Magistrate Winnie Nankya Jatiko. …
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Kampala, Uganda | THE INDEPENDENT | Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be heading to Nairobi, Kenya where she will take up …
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Kampala, Uganda | THE INDEPNDENT | To stimulate economic activity, Stanbic Bank Uganda announced a new lending campaign dubbed Oli Sorted, aimed at facilitating Ugandans to access affordable credit to finance their personal and commercial needs. Israel Arinaitwe, the Head of Personal Banking at Stanbic Bank said after the last quarter …
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Kampala, Uganda | THE INDEPENDENT | The year 2023 ended on a higher note for the private sector as companies registered more demand for their goods and services in the month of December. This according to both the Uganda Bureau of Statistics and the Stanbic Purchasing Managers Index (PMI), which compile …
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Kampala, Uganda | THE INDEPENDENT | The Court of Appeal has ruled that employers can terminate the contracts of their employees without giving any reason for doing so. The court also ruled that when one’s employment contract is terminated without reason, there is no need for a hearing. In a …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economic indicators spell better conditions for the private sector and business compared to other countries in the region, according to an expert study, the Africa Trade Barometer (ATB). Uganda’s overall macroeconomic conditions are “average with a slight positive outlook relative to the other countries …
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Kampala, Uganda | THE INDEPENDENT | At least 200 lucky parents stand a chance to win cash prizes worth Shs100 million when they pay school fees for their children through FlexiPay or Stanbic Bank agent banking channels, courtesy of a six-week back-to-school cashback promotion aimed at supporting guardians return their kids …
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BoU data indicates a noteworthy increase in the value of Uganda’s exports to South Africa over the past decade, doubling to US$21.24 million Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni has extended an olive branch to corporate giants MTN Uganda and Stanbic Bank, forgiving them for their past actions. …
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The Independent Uganda: You get the Truth we Pay the Price