Local firms in Uganda and Tanzania will be subcontracted to offer support | THE INDEPENDENT | French firm, Ballore Transport and Logistics, will be the Main Logistics Contractor (MLC) for the East African Crude Oil Pipeline (EACOP) project head of oil production in 2025. The firm said on May.09 …
Read More »Motorcycle company vanishes with millions in West Nile
Arua, Uganda | THE INDEPENDENT | More than 100 people mainly Boda Boda cyclists in West Nile sub region are in shock after failing to get motorcycles for which they made hefty deposits. Officials of Sky Motors Limited, the company they say they deposited money to get motorcycles, has vanished …
Read More »BANKING: BOU warns of Ukraine threat on economy
Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …
Read More »11,000 more African millionaires in 2021 – latest African Wealth Report
Africa is currently home to 136,000 millionaires, with their ranks on the rise. This is despite the continent’s total wealth dwindling over the past decade FEATURE | LEO KOMMINOTH | Africa’s share of millionaires grew by 8% between 2020 and 2021, according to a recent report by intelligence firm New …
Read More »CSOs urge government to audit Bujagali Dam tax incentives
| THE INDEPENDENT | Uganda government needs to carry out an audit to assess the impact of tax exemptions on Bujagali Hydropower Dam on the consumers prior to making any further extensions to minimise further revenue losses, according to civil society organisations. The CSOs under their umbrella organisation ‘The Tax …
Read More »Chinese-built expressway starts trial run in Nairobi, invigorating Kenyan capital
Nairobi, Kenya | Xinhua | Kenya on Saturday began trial runs on the Chinese-built Nairobi expressway ahead of its commissioning in the next few weeks. James Macharia, the cabinet secretary of the Ministry of Transport, Infrastructure, Housing and Urban Development, said Saturday during a media briefing in Nairobi, the Kenyan …
Read More »Activists want women at forefront of Parish Development Model
Kampala, Uganda | THE INDEPENDENT | Economic justice activists are worried that the anticipated intentions of the Parish Development Model-PDM may not be fully realized if women are not allowed equal or even higher stakes in its implementation. The program is a new strategy designed to improve household incomes and …
Read More »Experts question standards of locally fabricated, modified buses
Kampala, Uganda | THE INDEPENDENT | The Ministry of Works and Transport does not have adequate resources to verify the quality of fabricated or modified buses before they are licensed to transport Ugandans. The majority of buses on Ugandan roads are lorries or trucks whose chassis have been converted into …
Read More »Businessman shot dead in Jinja
Jinja, Uganda | THE INDEPENDENT | Police in the Kiira region is investing circumstances under which, a Jinja-based businessman Shaban Malore was shot dead on Saturday night. Malore is reported to have been shot dead by two attackers who were riding on a numberless motorcycle. He had just arrived at …
Read More »Mothers cautioned on use as new diaper brands flood market
Kampala, Uganda | THE INDEPENDENT | A new diaper brand has hit the market, just less than a year after another international brand Molfix came in amidst pomp and endorsement by top musicians in the country. Pure Born, the latest entrant which is UK made is being promoted as Uganda’s …
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