Business

Nairobi, Kenya | Xinhua | Kenya-based regional bank, KCB Group, said on Thursday that it has completed the acquisition of the Democratic Republic of the Congo (DRC)-based Trust Merchant Bank (TMB) after receiving all the regulatory approvals. KCB Group CEO Paul Russo said in a statement issued in the Kenyan capital …

Customer will now send money across other networks and Airtel East Africa for just UGX1,000/= Sending Money Globally is now 78% cheaper Kampala, Uganda | THE INDEPENDENT | Airtel Mobile Commerce Uganda Limited (AMCUL) has today announced a 95% drop in Airtel Money charges for transactions across other networks. It will …

Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government (IGG) investigated 26 high-profile corruption cases and directed the recovery of over Shs30 billion since July 2020. This was revealed in a statement by State Minister for Ethics and Integrity, Rose Lily Akello, on the commemoration of Anti-Corruption Day on December …

Kampala, Uganda | THE INDEPENDENT | In collaboration with partners, the Innovation Village has today announced that they will be hosting a flagship ecosystem event dubbed “Build week”, slated to take place in February 2023 under the theme “Hack the Last Mile – Using Shared Infrastructure to Serve Last Mile Users …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) has announced plans to upskill over 2,000 individuals employed in the hospitality sector to elevate industry standards. The training will be provided under the Diageo Bar Academy, a global program that benchmarks international best practice to enhance the skills and …

Mukono, Uganda | THE INDEPENDENT | Water supplyto Mukono, Seeta, Parts of Namugongo, Kyaliwajjala, Kira, Nsasa, Bulindo, Sonde, parts of Mutungo, Bukoto, Naguru and Ntinda will from 6am to 7pm today be affected by work at the Katosi water plant. “The Management of National Water and Sewerage Corporation wishes to …

Kampala, Uganda | THE INDEPENDENT | Small and Medium size businesses in agro processing have been advised to focus on products such as Hibiscus that have a competitive advantage because of their health benefits to an increasingly sedentary population. Speaking at the launch of Hibiscus Tea Bags processed by Rena Industries, …

Kampala, Uganda | THE INDEPENDENT | There are great expectations among the citizens and investors from the development of an oil refinery in Uganda. It is predicted to boost the region’s refining capacity and ensure a consistent supply of petroleum products. President Museveni says the investment in a refinery will improve …

Dar es Salaam, Tanzania | Xinhua | More than 300 Tanzanian artisans are participating in the 22nd edition of the East African Community (EAC) Micro, Small and Medium Enterprises (MSMEs) Trade Fair that kicked off in the Ugandan capital Kampala on Dec. 8, a statement said Sunday. The statement by the Ministry of …

COMMENT | MICHAEL JJINGO | What should we do? “The continuing spike in prices is bad for consumers, for our economy, and bad for all other businesses. It’s hurting us and costing us jobs” Jodi Rell. Apart from the Covid 19 lock down effects, Russia’s invasion of Ukraine hit the commodity …