Business

Hoima, Uganda | THE INDEPENDENT | Uganda’s Lake Albert oil project may not receive a final investment decision (FID) from China National Offshore Oil Corporation as early as earlier anticipated. Its joint Venture Partner, Totalenergies has started developing the site for the Tilenga project. CNOOC has not awarded any contract …

Entebbe, Uganda | THE INDEPENDENT | At least 81 passengers have today flown aboard the maiden Uganda Airlines flight to Dubai. The 259-capacity Airbus A380-800 Neo aircraft left Entebbe International Airport after 12:18 pm on Monday, with 76 passengers in its economy class and five other flying business class. The …

Entebbe, Uganda | THE INDEPENDENT | The Permanent Secretary of the Ministry of Health, Dr. Diana Atwine says that the  ministry will compare data of arriving passengers tested at the government laboratory with the passenger manifests provided by airlines to look out for people who skip the mandatory COVID-19 testing …

Hoima, Uganda | THE INDEPENDENT | Chief of Defense Forces, General Wilson Mbadi says the UPDF will ensure that Uganda’s oil resources in the Albertine are secured. General Mbadi in an interview says while the army is already on the ground to secure oil and gas installations, extra measures will …

Kampala, Uganda | THE INDEPENDENT | Uganda’s exports to the United Arab Emirates have grown from $300 million since diplomatic relations were established in 2009 to $1.85 billion in 2020. Exports are mainly precious minerals, high value crops and labour. President Yoweri Museveni today visited Uganda’s stall and pushed for more …

Abu Dhabi, UAE | THE INDEPENDENT | President Yoweri Kaguta Museveni has joined dozens of world leaders in Abu Dhabi, United Arab Emirates (UAE) for the 2020 Dubai trade Expo. The Expo that will run up to 31st March 2022 was officially opened on 1st October 2021 in Dubai. On …

  Kampala, Uganda | THE INDEPENDENT |  Kansai Plascon Uganda has launched the “Paint and Win” Colours of celebration edition promotion worth Shs800million in total cash prizes. The promotion, now in its tenth 10th edition started on Oct.01 and runs up to Dec.12. Managing Director, Santosh Gumte said that the …

Abuja, Nigeria | Xinhua | Nigeria’s apex bank has said it is postponing the proposed launch of the country’s digital currency, e-Naira, to an unspecified date. In a statement late Thursday, the Central Bank of Nigeria (CBN) said the delay was due to other activities lined up to commemorate the …

  Dubai, UAE  | Xinhua | Following a year-long delay due to the COVID-19 pandemic, the much-awaited Expo 2020 Dubai opened its doors to visitors here on Friday. Under the theme of “Connecting Minds and Creating the Future,” about 200 exhibitors are vying to present their best at the 438-hectare …

  Kampala, Uganda | THE INDEPENDENT | Seven people have been arrested for allegedly defrauding over Sh 5 billion through the online banking system in Kampala. The suspects were identified as Fred Sitakyange, Ephraim Bagambe, Allan Juuko, Bairon Ndyamuhaki, Peter Katumba, Erasmus Mutambi and Ronald Bashijja. They were picked up in …