Business

London, UK | Xinhua | More than one year after Britain and the European Union (EU) finalized their divorce with a hard-fought trade deal, Brexit still bites today. As the two sides were not on the same page with part of the deal, spats continued, sometimes with fresh confrontations. In …

Kampala, Uganda | THE INDEPENDENT | C-labs, an Ultra-Modern Laboratory facility has officially been launched at International Hospital Kampala (IHK). The internationally recognized diagnostic laboratory will be the leading medical laboratory in the region providing quality testing and diagnostics. C-Labs offers to include; Tumour Makers, Hormonal Tests, Vitamins, Cardiac Makers, …

Kampala, Uganda | THE INDEPENDENT | The committee that was established to investigate the utilization of funds meant to facilitate the COVID-19 vaccine development by the Minister of Science, Technology, and Innovation, Dr. Monica Musenero has pinned the Minister saying that the process was marred with irregularities. Xavier Kyooma, the …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda and Prudential Uganda have launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family. …

Jinja, Uganda | THE INDEPENDENT | Kiira Region police are investigating the circumstances surrounding the death of 60-year-old Ali Mugaya, a renowned coffee dealer in BB Guesthouse in Market zone in Buwenge town council in Jinja district on Tuesday night. The Guesthouse workers discovered his lifeless body this morning when …

Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the IFC, said in Nairobi, the Kenyan …

Kampala, Uganda | ISAAC KHISA | UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of UAP Old Mutual Properties …

Entebbe, Uganda | THE INDEPENDENT | Tanzania has pledged to buy at least 10,000 tonnes of  Ugandan sugar and an unspecified amount Anti-Retroviral drugs-ARVS from Cipla Uganda. In a joint communique issued by Uganda’s State Minister of Foreign Affairs, Henry Okello Oryem and his Tanzanian counterpart, Liberata Mulamula, after a meeting between President …

Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …

The total group equity value of the joint venture, which will operate in nearly 30 African countries, is expected to be more than $2.1bn, according to Allianz | THE INDEPENDENT | South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in …