Africa’s two wealthiest cities are in South Africa. Johannesburg is the wealthiest, with a total private wealth of US$239 billion, while Cape Town in second place has a total private wealth of US$131 billion Nairobi, Kenya | BIRD | Africa’s stock of private wealth is forecast to jump 38 per …
Read More »Botswanan president to diversify economy, reduce reliance on diamonds
New York, US | Xinhua | Botswana should diversify its economy to reduce its heavy dependence on diamonds, President Mokgweetsi Masisi on Thursday told world leaders attending the general debate of the 77th session of the UN General Assembly. Botswana is facing “an uphill battle” to attract investors to diversify …
Read More »Small claims procedure recovers Sh328 million in Masaka
Masaka, Uganda | THE INDEPENDENT | Over 328 million Shillings have been recovered through the Small Claims Procedure conducted by grade one Magistrate courts in Masaka over the last year. Mastulah Mulondo, the Chief Registrar in Charge of Small Claim Procured in the Judiciary, said that the money had been …
Read More »Guy Kimbowa Lutaaya is new Chief Risk Officer at Absa Bank Uganda
Kampala, Uganda | THE INDEPENDENT | Guy Kimbowa Lutaaya has been appointed Chief Risk Officer (CRO) at Absa Bank Uganda Limited effective 1 October 2022. He is a seasoned finance professional and banker, with over 20 years of experience in finance and over 13 years of experience in banking. …
Read More »Court rules former Uganda Airlines CEO Muleya has case to answer
Kampala, Uganda | THE INDEPENDENT | The Buganda Road Magistrates Court has ruled that the former Chief Executive Officer of Uganda Airlines Cornwell Muleya who is accused of disobedience of orders requiring him to record a statement has a case to answer. On Friday, the court presided over by Grade …
Read More »OIL AND GAS: Government finally agrees to disclose agreements
Kampala, Uganda | THE INDEPENDENT | The sticking issue of the secrecy around the oil Production Sharing Agreement has kept Ugandans unable to get the answer to the question of how much the country will get from the oil and gas sector. The failure by the government to disclose the …
Read More »ICT Minister Kabbyanga hails Ugandan innovators as he launches Xente Visa Business Cards
Xente Launches Visa Business Cards in Partnership with Visa Kampala, Uganda | LOUIS JADWONG | Godfrey Kabbyanga Baluku, State Minister for ICT and National Guidance, has said that by Xente attracting a partnership with Visa – the world’s leader in digital payments – Ugandan innovators have shown they can have an …
Read More »Grid Expansion and Reinforcement Project to light up West Nile region
The project is funded by the World Bank at a cost of US$100million Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Northern and West Nile regions have had unreliable electricity supplies limiting industrialization and energy-dependent economic activities for decades but this will soon come to an end once the construction work …
Read More »Uganda Breweries rewards 502 stockists, and retailers in Diageo One App’s loyalty programs
Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) has rewarded 502 stockists and retailers under the Diageo One App’s loyalty programs. They were awarded in form of different UBL products such as beer, and spirits among others for embracing the app and using it while purchasing different UBL …
Read More »Uganda Re to provide cover for the East African Crude Oil Pipeline
Global reinsurance firms have publicly declared that they would not provide insurance cover for the East African Crude Oil Pipeline. But Uganda Re has assured the country that it is ready to provide the much-needed services for the project. The company’s CEO Ronald Musoke shares the growth in business and …
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