Berlin, Germany | Xinhua | German flag carrier Lufthansa has repaid the financial aid granted by the German government during the worst phase of the COVID-19 crisis and has transferred a final tranche of one billion euros (1.14 billion U.S. dollars) to the government’s Economic Stabilization Fund (ESF), also known …
Read More »
Mbarara, Uganda | THE INDEPENDENT | Parliament’s Committee on Trade Tourism and Industries on Friday handed Fazil Wabulembo, a food scientist working with Mukamanayamba Energy Drink to the police for interrogations over misleading adverts. The committee was meeting energy and soft drink producers who were tasked to explain misleading advertisements …
Read More »
MoTIV will use $50,000 prize money to kick-start a creative fund to unlock increased potential in sector and support creatives Kampala, Uganda | THE INDEPENDENT | MoTIV, East Africa’s largest makerspace headquartered in Kampala, Uganda has won the UNESCO–Bangladesh Bangabandhu Sheikh Mujibur Rahman International Prize for the creative economy. Established …
Read More »
Kampala Uganda | THE INDEPENDENT | Chipper Cash has today launched a product that will enable Ugandans invest in publicly traded global companies like Amazon, Tesla or Facebook. The launch of the Chipper’s Global Stocks Investing product makes it the first company to offer fractional stock investing in Uganda. The African fintech …
Read More »
Cape Town, South Africa | THE INDEPENDENT | The first day of African Energy Week 2021 Wednesday saw national oil companies (NOCs) engaged in a presentation on optimizing innovative and strategic exploration mechanisms for profitable and sustainable operations on the continent. The panel discussion began with an opening presentation by …
Read More »
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda Limited has re-affirmed its passion for sport and its ability to bring Ugandans together by partnering with the National Agricultural Research Organization (NARO) to organize an inaugural golf open this week. The Equity Bank NARO Open is set to run November 11th to …
Read More »
35 percent maximum tariff rate will attract investments in industrial value chains and transform the bloc into an export-led, industrialized economy Dar es Salaam, Tanzania | Xinhua | The East African Business Council (EABC) on Monday urged member states of the East African Community (EAC) to adopt a proposed 35 percent …
Read More »
But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector …
Read More »
Sub-region avoided recession in 2020 but political fragility and limited economic diversification impacted growth in some countries Kampala, Uganda | RONALD MUSOKE | East African economies will fully recover from the COVID-19 induced recession in 2023, thanks to increased roll-out of vaccines, recovery in the global economy, rising commodity prices, …
Read More »
COMMENT | Samson Tinka | “The true mark of a leader is the willingness to stick with a bold course of action — an unconventional business strategy, a unique product-development roadmap, a controversial marketing campaign — even as the rest of the world wonders why you’re not marching in step with …
Read More »
The Independent Uganda: You get the Truth we Pay the Price