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Simba Telecom to invest US$1million in New Year investment plans to boost its market presence

Kampala, Uganda | ISAAC KHISA | Local telecommunication devices and airtime solutions provider Simba Telecom has confirmed plans to enhance its market presence and effectiveness by improving its retail distribution capacity. The Simba Group operating subsidiary, which is also integrated telecommunications firm MTN’s lead distribution partner, is investing about US$1,000,000 in …

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Amazon to lay off over 18,000 people, CEO says

San Francisco, USA | Xinhua | Amazon CEO Andy Jassy said Wednesday evening the company planned to eliminate over 18,000 people, thousands more than originally expected. Last November, the company said that the layoffs would affect about 10,000 people and that the job cuts would extend into the new year. In a …

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URA moots plan to increase revenue collections

Kampala, Uganda |  THE INDEPENDENT | Uganda Revenue Authority-URA started the calendar year 2023 with explanations regarding the new plan for the taxation of the incomes of artistes in the entertainment industry. This is one of the revenue measures being put in place for the financial year 2023/2024 which begins in …

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FREEDOM CITY STAMPEDE: Police arrest Abitex boss

Kampala, Uganda | THE INDEPENDENT | The police have named victims of a stampede that left 10 people dead at the Freedom City mall, along the Kampala-Entebbe road on January 1, 2023. The deceased were part of a crowd that converged to usher in the New Year. Preliminary police findings …

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Absa Bank Uganda launches enhanced loan products for customers

Kampala, Uganda | THE INDEPENDENT | In recognition of an uncertain economic environment, Absa Bank Uganda has announced special financing packages intended to help customers kick start the new year on a stronger footing. The enhanced financing offering targeting salaried individuals includes a 2-month repayment holiday upfront, 0% arrangement fees …

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Rwanda’s fish production increases to 43,000 tonnes

Kigali, Rwanda | Michel Nkurunziza – NEW TIMES RWANDA|  Fish production in Rwanda slightly increased from 41,664 tonnes in 2021 to 43,560 tonnes in 2022, according to a report by the Ministry of Agriculture and Animal Resources. It shows that 4,000 tonnes of fish was produced from fish farming. Fishing activities are …

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