Thursday , November 7 2024

The Independent

Airtel Uganda to offer 20% stake through IPO

The company will give more preference to Ugandan investors Kampala, Uganda | PATRICIA AKANKWATSA | Airtel Uganda plans to float a 20% stake in the company, equivalent to 8 billion ordinary shares, via an initial public offer (IPO) to be listed on the Uganda Securities Exchange (USE). The operator said that …

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Congolese national, Ugandan man held over illegal possession of firearms

Kisoro, Uganda | THE INDEPENDENT | A Congolese and a Ugandan have been arrested for illegal possession of firearms. The suspects currently being detained at Kisoro police station are: Sadiki Gashendure ,29, a resident of Bunagana village, Karambo chiefdom in Rutshuru territory, North Kivu province of Eastern Democratic Republic of Congo …

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Angola’s president inspects Chinese-built dam

Luanda, Angola | Xinhua | President of Angola Joao Lourenco has inspected a dam under construction by Chinese company Sinohydro, which will alleviate water scarcity in the country’s southern region upon completion. Lourenco praised the Chinese company’s professionalism and operational efficiency, saying he is satisfied with the progress of the project, …

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COMMENT: The Serbia-Uganda trade deal

It makes perfect sense for two complementary economies that each produce things that the other does not and cannot COMMENT | ODREK RWABWOGO & BRATISLAV STOILJKOVIC | The agreement signed between the two countries in Belgrade last week has breathed new life into a little-known but in fact, long-standing and increasingly …

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Processed banana hits the market

Bushenyi, Uganda | THE INDEPENDENT | Officials from Bushenyi the district-based Banana Industrial Research and Development Center-BIRDC on Friday flagged off the sale of their finished products in the open market. During their commercialization launch at their model farm and distribution store in Jinja city’s agricultural show grounds, the officials said …

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Housing Finance Bank partners with Airtel

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank joined PostBank and Pride Microfinance Limited to unveil a partnership with Airtel Money Uganda that will facilitate seamless disbursement of Parish Development Model funds by the Government of Uganda through the Wendi mobile wallet platform. Wendi, powered by PostBank, is an electronic …

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Amazon warns workers staying away from office

Kampala, Uganda | THE INDEPENDENT | Amazon staff in the US received a warning email from the firm for not spending enough time in the office after their attendance was tracked, BBC reported on Aug.11. Some employees were told they were “not currently meeting our expectation of joining your colleagues in …

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Medics ask government to criminalize the use of cannabis

Kampala, Uganda | THE INDEPENDENT | The Director of Butabika National Referral Hospital, Dr Juliet Nakku implored Members of Parliament to ignore the economic pressures and ban the production and sale of cannabis and khat. Nakku said that their consumption contributes greatly to mental health cases and poses social and economic …

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