Mozambique doubles down on growth with Africa’s first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback. SPECIAL REPORT | BIRD AGENCY | Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first …

Fifty exhibitors and six hundred guests are expected to attend Kampala, Uganda | THE INDEPENDENT |  All is set for the ninth Oil and Gas Convention happening from April 17 – 18 at the Kampala Serena Hotel under the theme “The Journey to First Oil In The Face Of a …

Kampala, Uganda | THE INDEPENDENT |  UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to be eligible for midterm …

Kampala, Uganda | THE INDEPENDENT  | Uganda Breweries Limited (UBL) has commissioned its state-of-the-art UGX 37 billion biomass plant, marking a significant milestone in the organization’s commitment to sustainability while demonstrating dedication to reducing its carbon footprint. Speaking during the biomass commissioning on Tuesday, UBL Managing Director Andrew Kilonzo said, …

Kampala, Uganda | THE INDEPENDENT |  Speaker of Parliament, Anita Among has directed the Minister of Trade, Tourism and Industry, and that of Finance, Planning and Economic Development to resolve the woes of Kampala City Traders and report back to Parliament on Tuesday, 16 April 2024. The traders, under their …

Kampala, Uganda | THE INDEPENDENT |  United Bank for Africa’s (UBA) Uganda subsidiary has  denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …

Madi Okollo, Uganda | THE INDEPENDENT |  Twelve hand-held walking tractors are currently idle in Madi Okollo district due to the lack of disc ploughs. These single-axle 16-horsepower (HP) tractors were donated by the Government through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) last year to scale up …

Homa, Uganda | THE INDEPENDENT |  Thugs have robbed 22.4 million Shillings from an Indian national in Hoima City. The victim is Ganatra Kapil 32, a resident of Kiratete a suburb of Hoima city. The incident happened on Saturday around 7:30 p.m. It is alleged that Kapil left his home …

Kampala, Uganda | THE INDEPENDENT |  There is a sense of relief within Makerere University staff circles after the government has allocated at least Shs61 billion to harmonies salaries of staff in 12 public universities. In an April 3 communication from the Ministry of Public Service addressed to public university …

Kampala, Uganda | THE INDEPENDENT |  The High Court in Kampala has declined to temporarily release Molly Katanga who was seeking to gain freedom as she faces charges of murdering her husband businessman Henry Katanga. Criminal Division Judge Isaac Muwata on Tuesday denied Molly bail on grounds that she has …