Diplomats tight-lipped as ‘emergency’ is cited ANALYSIS | Ronald Musoke | The business community with French connections in Uganda spent several weeks planning for the visit of Franck Riester, France’s Minister for External Trade and Investment. Riester was scheduled for a two-day official tour of Uganda—a trip which the French …
Read More »Buganda, Netherlands agree plan on agriculture promotion
Mengo, Uganda | THE INDEPENDENT | The Buganda Kingdom and the Kingdom of Netherlands have discussed means of strengthening their cooperation in boosting agriculture in the country. On Friday, the Dutch Ambassador to Uganda Karin Boven and Katikkiro Charles Peter Mayiga discussed how to further the Netherland’s support of the …
Read More »Covid-19 cases hit Wagagai Gold Refinery
Busia, Uganda | THE INDEPENDENT | Eight positive Covid-19 cases have been confirmed in Wagagai Gold Mining Refinery in Busia district. Two are casual labourers working in the refinery while six are Chinese nationals are managers. Wagagai Gold Mining refinery is a Chinese gold firm that covers over 300 …
Read More »Board chairman calls for sacking of Uganda Airlines CEO
Entebbe, Uganda | AIRSPACE AFRICA | All is not well at Uganda airlines again, according to aviation website Airspace Africa . With the national carrier currently being led by its third CEO in just two years of the Uganda Airlines project, board chairman Pereza Godfrey Ahabwe has written demanding yet another change. In …
Read More »Afrexim bank commits 1.2 bln USD to fund industrialization in Africa
Nairobi, Kenya | Xinhua | The Africa Export Import (Afrexim) Bank has committed 133 billion shillings (about 1.2 billion U.S. dollars) to fund industrialization in Africa, the bank said on Thursday. Maureen Mba, head of MANSA Initiative, Afrexim Bank told Xinhua in Nairobi that the funds will be made available to …
Read More »Afreximbank’s platform to promote cross-border trade in Africa
The digital platform is set to build trust and cut the transaction costs of trading in AfCFTA Kampala, Uganda | ISAAC KHISA | The African Export-Import Bank’s new digital Customer Due Diligence (CDD) platform, called Mansa, is set to promote cross-border trade in Africa, says the product head Maureen Mba. …
Read More »Uganda coffee exports reach a new record high
The East African nation shipped 6.49million bags of coffee worth US$629.8million Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic restrictions in Vietnam coupled with bad weather in Brazil have helped Uganda record a 23% growth in coffee export earnings for the 2020/21 coffee season (October-September) to US$629.8million. Latest data from …
Read More »Uganda’s multi-pronged approach to revive economy
Outlook remains overcast by a mutating virus | THE INDEPENDENT | Uganda’s economy has been struggling for some time now since the outbreak of coronavirus but the government and the private sector are coming up with numerous options to reverse the trend. On Oct. 20, the government released Sh 5.8trillion …
Read More »Nigeria launches Africa’s first central bank digital currency
Abuja, Nigeria | Xinhua | Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country’s central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency. With the launch of the eNaira in Abuja, Buhari noted Nigeria is also one of the earliest in the …
Read More »The power of blockchain as a tool to fight cybercrime and fraud
A look at Binance’s efforts towards User Protection and Cyber Security in Africa to ensure a secure and sustainable growth of the global crypto ecosystem Kampala, Uganda | THE INDEPENDENT | With the current increase in the adoption of financial technology in the world, unsuspecting people continue to fall prey …
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