Pesapal Uganda Launches Openfloat for Business Funds
KAMPALA, Uganda — Pesapal Uganda on Monday announced the launch of Openfloat, a new bulk funds disbursement solution designed to help businesses manage payouts, cash flow and settlements in real time.
Stanbic Bank’s FlexiPay cashback explosion campaign kicks off
KAMPALA – Stanbic Bank has officially launched the FlexiPay Cashback Explosion, a 90-day campaign designed to reward customers for embracing cashless transactions. The campaign features various rewards, increased customer engagement, and interactive events to encourage the uptake of digital payments.
Unearthing The Layers of Abuse by Invoice Traders
An extensive investigation into fraudulent tax practices has revealed deeper layers of abuse involving electronic invoicing systems. The inquiry, which had initially focused on a single company suspected of generating fictitious invoices, unearthed connections to other entities that had engaged in similar schemes designed to...
Is the Congo-Rwanda peace treaty hero really President Trump?
M23 rebels have dismissed the Congo-Rwanda peace agreement brokered by Trump as irrelevant to their cause. Currently, thousands of Rwandan troops remain in Congo, and roughly seven million Congolese remain displaced. For Trump to declare “peace” in such conditions feels premature at best, opportunistic at...
What the U.S. gains from the Congo-Rwanda peace treaty
If new Congo-Rwanda agreement holds, U.S. companies see a rare window of opportunity to invest in high-risk, high-reward environments. Infrastructure investments in roads, rail, and energy grids to support mineral extraction will also boost U.S. influence in Central Africa, a region where China rules. This...
Equity Group shareholders approve dividend
NAIROBI, Kenya — Equity Group Holdings Plc shareholders on Wednesday approved a dividend payout of 16 billion shillings (about $124 million), equivalent to 4.25 shillings per share, at the company’s 21st Annual General Meeting. The strong show of confidence also included the election of new...
Spotlight on Developer Practices Amid Rising Demand for Affordable Housing
Uganda’s growing demand for affordable housing has accelerated partnerships between financial institutions and real estate developers, aimed at unlocking homeownership for more Ugandans. Mortgage offerings are becoming more accessible, but concerns are emerging about the quality of some developments tied to this expansion. Recent investigations...
NSSF Hi-Innovator program surpasses job targets, eyes major expansion
KAMPALA – The National Social Security Fund (NSSF) Hi-Innovator Program has significantly surpassed its job creation target, generating more than 202,000 jobs against a goal of 132,000, officials announced Monday in Kampala, Uganda. The five-year initiative, a collaboration with the Mastercard Foundation, also plans to...
Ministry of Agriculture updates farmers on current coffee prices
KAMPALA – The Ministry of Agriculture, Animal Industry, and Fisheries has released a press brief on the current coffee prices in Uganda. According to the Ministry’s market analysis report as of June 27, 2025, coffee prices have declined in the past month due to global...
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