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 …
Read More »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 …
Read More »Chelsea draws Liverpool, Arsenal and Man City win in Premier League opening weekend
London, UK | Xinhua | Chelsea and Liverpool played to a 1-1 draw at Stamford Bridge in an intriguing Premier League opener on Sunday afternoon. With Mauricio Pochettino making his Chelsea managerial debut and new additions to their squad, the Blues started slowly. Liverpool asserted dominance early, with a rejuvenated Luis …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Tanzania offers Ugandan shippers a 30-day free storage period
Kampala, Uganda | THE INDEPENDENT | In response to the disruptions in the global supply chains as a result of COVID-19, Global conflicts and Climate change, TPA offered several incentives to the Ugandan shippers, among which is a 30–day free storage period for all imports, to support the users and customers …
Read More »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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