Business

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 …

Kampala, Uganda | THE INDEPENDENT | The old taxi park will be reopened on October 20, even before completion of the renovation works, Kampala Capital City Authority- KCCA has resolved. A report presented by Hakim Kizza, the Executive Secretary for Engineering and Works to the KCCA council on Thursday, indicates …

Hoima, Uganda | THE INDEPENDENT | Totalenergies Uganda Deputy Gereral Manager, Mariam Nampeera Mbowa .says its Joint Venture partner CNOOC is holding the announcement of the Final Investment Decision on the Lake Albert Oil Development project. “I can confirm that the board of Total took FID on the Ugandan project …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …