Business

  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 …

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 …

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. …

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 …

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 …

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 …

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 …

  Kampala, Uganda | THE INDEPENDENT | Total Uganda Limited, a company dealing in the trade of fuel and lubricants has sued its former employees over an alleged Sh7.5 billion shillings fraud. Those being sued are Moses Sebalu, the former Senior Accountant, Belinda Nakasi, the Taxation Accountant, Priscilla Nansikombi, the …

Kampala, Uganda | THE INDEPENDENT |  A consensus has been reached on the midterm access for Ugandans aged 45 and have saved with the National Social Security Fund (NSSF) for 10 years, but conflict still remain on who should supervise the fund. Different stakeholders including the Ministry of Finance and planning, …

Kampala, Uganda | THE INDEPENDENT | The Uganda Fisheries & Fish Conservation Association have appealed to Parliament’s Committee on Agriculture to review the current guideline that limits them to using boats measuring 28 feet. The Fisheries Protection Unit announced that only boats with the interior overall length of 28 feet …