Business

  Entebbe, Uganda | THE INDEPENDENT | The government has terminated the contract of the Chief Executive Officer-CEO of Uganda Airlines Cornwell Muleya and other top managers. Waiswa Bageya, the Permanent Secretary Ministry of Works and Transport says that the decision was taken on Friday by the interim board. The …

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Mining and Minerals Bill, 2021 which will see the establishment of the Uganda National Mining Company which will manage the government’s commercial holding and participating interests in mineral agreements. The Bill that was passed on 17 February 2022 mandates the …

Dubai, United Arab Emirates | THE INDEPENDENT |  Standard Chartered Bank has reported its highest operating profit since 2015 in the Africa and Middle East region. It its financial results for the full year and fourth quarter ending 31 December 2021 released Thursday, Standard Chartered reported that operating profit grew to a …

Mbale, Uganda | THE INDEPENDENT | Ahamada Washaki, the Mbale Resident City Commissioner has tasked the city authorities to organize elections for the executive of Mbale Central Market. It follows complaints by some vendors against the Ayubu Madoi led executive for allegedly mismanaging the affairs of the market, financial impropriety and …

Gulu, Uganda | THE INDEPENDENT | Over one hundred pigs in Otuke district have succumbed within three weeks to a suspected African swine fever outbreak.  The cases have been reported in Olilim and Ogwete sub-counties. The disease that starts manifesting by general body weakness is accompanied by nasal dryness, bleeding …

Arua, Uganda | THE INDEPENDENT | KEC International Limited (India) is confident of delivering a multi-billion Arua power substation project by a proposed September 30, 2022 deadline. It came after some residents and local leaders raised concern over the slow progress of works at the project 5.25 acres site in …

Jerusalem, Israel | Xinhua | Israel’s gross domestic product (GDP) increased by 8.1 percent in 2021, the highest annual growth in 21 years, according to a report released by the Israeli Central Bureau of Statistics on Wednesday. The country’s GDP increased by 3.6 percent in 2019, and decreased by 2.2 …

Entebbe, Uganda | THE INDEPENDENT | Uganda Airlines spent sh2.3 billion on the salaries of suspended top managers and extra pay for those appointed to act in their positions, a report by the Auditor General, John Muwanga has revealed. The Works and Transport Minister, Gen. Edward Katumba Wamala suspended the …

Entebbe, Uganda | THE INDEPENDENT | Travellers entering Uganda will no longer have to undergo mandatory COVID-19 testing as has been the case. The new measures took effect on February 16,2022. According to a statement released by the Ministry of Health, the decision to stop testing was made by Cabinet …

Katuna, Uganda | THE INDEPENDENT | Human traffic is yet to pick up at the Uganda-Rwanda border more than two weeks after the Rwandan authorities reopened the borders. The Rwandan authorities reopened the border on January 31st, 2022. President, Paul Kagame closed the borders on February 27, 2019, accusing Uganda …