Business

Beijing, China | XINHUA | Chinese President Xi Jinping has called for acting on the people-centered philosophy and fully implementing crackdown, prevention, regulation and control measures to resolutely curb telecom and online fraud. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the …

Gulu, Uganda | THE INDEPENDENT | The Electricity Regulatory Authority (ERA) has been faulted over the failure to address inconsistent power supply in Northern Uganda. The power regulatory authority has been accused of sabotaging business development and industrialization in the Northern Region due to intermittent and low power supply. General …

  Mbale, Uganda | THE INDEPENDENT | Two people have been arrested in Mbale for allegedly dealing with counterfeit money. The suspects are Rashid Mudebo a resident of Namanyonyi in Mbale City and Jacqueline Anzilim a Kenyan National from Busia.   They were arrested on Friday around ABSA Bank in Mbale …

Kampala, Uganda | THE INDEPENDENT | Centenary have finally filled the top job at the bank by appointing Joseph Kiwanuka Balikuddembe as Executive Director. It is a reunion for him, and Centenary Bank that are Uganda’s leading commercial microfinance bank, as he started his banking career with them. Balikuddembe brings to …

Kampala, Uganda |  JULIUS BUSINGE  | Uganda will this month host the 3rd East African Congress of Accountants. The congress was supposed to be held last year in March but was suspended due to COVID-19 pandemic restrictions on gatherings.  “We have now assessed and it is possible to host the congress,” …

Kampala, Uganda |  THE INDEPENDENT  |  The Joint Medical Stores –JMS has lost medical equipment worth 7 Billion Shillings in a fire that gutted several warehouses.  On Friday, fire gutted warehouses belonging to Madhvani Group of Companies located at the 5th Street Industrial Area.   The fire is believed to have …

Kampala, Uganda |  THE INDEPENDENT  |  The African Institute for Energy Governance (AFIEGO) is demanding for the involvement of Ugandans in the negotiations on the East African Crude Oil Pipeline and the Tilenga oil projects in the Albertine region. The call comes as Ugandan and Tanzanian leaders and their technocrats …

Kanungu, Uganda |  THE INDEPENDENT  |  Sam Kibiribiri, a farmer from Kinaburimano village in Kihiihi Sub-county, Kanungu district has lost 15,000 fish in a suspected poisoning. The fish was found floating on top of the ponds on Thursday. Kibiribiri says that the four-month-old tilapia fish had cost him over five …

Kasese, Uganda |  THE INDEPENDENT  | Business in Mpondwe Town Council, Kasese District has been paralysed over the last two days as nationals of the Democratic Republic of Congo protested the presence of the United Nations peacekeeping mission in their country. The UN mission has more than 12,000 troops deployed, most …

Buliisa, Uganda |  THE INDEPENDENT  |  Three major roads in the Buliisa District have been commissioned. The 6.5 Billion Shillings roads were rehabilitated under the Albertine Region Sustainable Development Project-ARSDP in Buliisa district. The project is a multi-sectoral plan that is being implemented for 5 years in the region. It …