KAMPALA — Spiro, an electric mobility company with operations in Uganda, has secured $50 million in debt funding to expand its battery-swapping infrastructure and electric vehicle fleet across Africa.The funding round, announced Tuesday, included participation from Afreximbank and two ne
DP President Norbert Mao on Tuesday pushed back against some of the recent FDC defectors to NRM who days earlier had castigated and written off his bid for speakership as being “dead on arrival,” simply because he is an outsider who the ruling party shouldn’t risk trusting with such a sensi
JAILED: Audrey Muhindo (R) and Stuart Kasingye (L)Two Kampala-based lawyers have been remanded to Luzira prisons over the alleged theft of Shs700 million said to have been fraudulently transferred from a Belgian national’s bank account.According to charge sheets referenced under C
KAMPALA — The Uganda Communications Commission has trained 1,800 boda boda riders in an ambitious drive to transform the country’s informal transport sector into a digitally integrated workforce. Through its Beera Ku Digital initiative, the commission is executing a structural intervention de
The Kabale Grade I Magistrate’s Court has convicted Angello Twinomuhangi Bagorogoza, a former Rukungiri District LC5 chairperson aspirant, on two counts of theft and obtaining money by false pretence involving Shs 440 million.Twinomuhangi, who previously served as a political aide to for
dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex
KAMPALA, Uganda — The Chief of Strategy at TV10 Gano Mazima, Dean Lubowa Ssaava, has been fined Shs4 million and ordered to forfeit all broadcasting equipment after pleading guilty to operating without a licence issued by the Uganda Communications Commission (UCC).The case highlights the
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
The Lira Regional Blood Bank under construction.Lira, Uganda | THE INDEPENDENT | The construction of the Regional Blood Bank at Lira Regional Referral Hospital (LRRH) is nearing completion, with phase one standing at 98 percent.Started in March 2025 on a piece of land donated by Lir
Sudhir and Mwenda share a light moment at the billionaire's home in Kololo.Kampala, Uganda | — A resurfaced video clip of veteran journalist Andrew Mwenda has ignited fresh debate on social media after he openly acknowledged his close personal and financial ties to businessman Sudhir Ru
