Business

New York, US | Xinhua |  Botswana should diversify its economy to reduce its heavy dependence on diamonds, President Mokgweetsi Masisi on Thursday told world leaders attending the general debate of the 77th session of the UN General Assembly. Botswana is facing “an uphill battle” to attract investors to diversify …

Masaka, Uganda | THE INDEPENDENT | Over 328 million Shillings have been recovered through the Small Claims Procedure conducted by grade one Magistrate courts in Masaka over the last year. Mastulah Mulondo, the Chief Registrar in Charge of Small Claim Procured in the Judiciary, said that the money had been …

  Kampala, Uganda | THE INDEPENDENT | Guy Kimbowa Lutaaya has been appointed Chief Risk Officer (CRO) at Absa Bank Uganda Limited effective 1 October 2022. He is a seasoned finance professional and banker, with over 20 years of experience in finance and over 13 years of experience in banking. …

Kampala, Uganda | THE INDEPENDENT | The Buganda Road Magistrates Court has ruled that the former Chief Executive Officer of Uganda Airlines Cornwell Muleya who is accused of disobedience of orders requiring him to record a statement has a case to answer. On Friday, the court presided over by Grade …

Kampala, Uganda | THE INDEPENDENT | The sticking issue of the secrecy around the oil Production Sharing Agreement has kept Ugandans unable to get the answer to the question of how much the country will get from the oil and gas sector. The failure by the government to disclose the …

Xente Launches Visa Business Cards in Partnership with Visa Kampala, Uganda | LOUIS JADWONG |  Godfrey Kabbyanga Baluku, State Minister for ICT and National Guidance, has said that by Xente attracting a partnership with Visa – the world’s leader in digital payments – Ugandan innovators have shown they can have an …

The project is funded by the World Bank at a cost of US$100million Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Northern and West Nile regions have had unreliable electricity supplies limiting industrialization and energy-dependent economic activities for decades but this will soon come to an end once the construction work …

Kampala, Uganda | THE INDEPENDENT |  Uganda Breweries Limited (UBL) has rewarded 502 stockists and retailers under the Diageo One App’s loyalty programs. They were awarded in form of different UBL products such as beer, and spirits among others for embracing the app and using it while purchasing different UBL …

Global reinsurance firms have publicly declared that they would not provide insurance cover for the East African Crude Oil Pipeline. But Uganda Re has assured the country that it is ready to provide the much-needed services for the project.  The company’s CEO Ronald Musoke shares the growth in business and …

The insurer recorded Shs 1.36billion in gross written premiums in 2020, representing a 35.9 percent drop compared to the previous year | THE INDEPENDENT | NIC Life Assurance, a subsidiary of NIC Holdings could face substantial losses in premiums following the decision by the regulator to suspend its operations. The …