Wednesday , November 6 2024

The Independent

EAC directs Tanzania, Burundi on call tariffs

Kampala, Uganda | THE INDEPENDENT | A policy-making organ in the East Africa Community has given Tanzania Burundi six months to harmonize their phone call costs with the rest of the bloc. The Sectoral Committee on Transport, Communications, and Meteorology directed the two countries to implement the EAC Roaming Framework by …

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NSSF Relations Manager convicted of embezzlement

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund Relations Manager Joseph Sooka has been convicted of embezzling 152.7 million Shillings from the Fund Suspense Account. Sooka who has been in charge of the Suspense Account which the Auditor General has severally queried for accumulating unallocated funds is also …

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FIFA announces over 2-bln USD budget for football development

Geneva, Switzerland | Xinhua | FIFA announced Wednesday an increased budget of over two billion U.S. dollars in the 2023-2026 cycle for its FIFA Forward program. The FIFA Forward 3.0 Program, laid out by FIFA president Gianni Infantino in January, will provide 2.25 billion U.S. dollars to develop the sport worldwide, the …

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Zimbabwe launches special fund to boost gold production

Harare, Zimbabwe | Xinhua | Zimbabwean Finance Minister Mthuli Ncube on Wednesday launched a 10-million-U.S.-dollar revolving facility to support value addition and beneficiation by artisanal and small-scale gold miners (ASGM) who account for the bulk of gold produced in the country. Ncube said at a press conference that 5 million dollars will …

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Adidas warns of losses

Kampala, Uganda | THE INDEPENDENT | On Feb.10, Adidas warned over the potential major impact on its profits of ending its partnership with rapper and fashion designer Kanye West last November. The firm’s new boss said it could lose hundreds of millions of dollars this year if it decides not to …

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