Business

  The programme with aim to reach at least 40,000 young people in 8 countries – Rwanda, Tanzania, Uganda, Zambia, Malawi, Ghana, Jordan and Lebanon Kampala, Uganda | THE INDEPENDENT |  Digital Opportunity Trust (DOT) has announced a collaboration with IBM to empower young women and men in Africa and …

Telecom firm, Airtel Uganda, could soon start investing customers’ savings in the government’s treasury bills and bonds upon receiving a license from Bank of Uganda in fulfillment of the National Payment Systems (NPS) Act, 2020. Kampala, Uganda | ISAAC KHISA | Manoj Murali, the Airtel Uganda managing director, said the …

Kenya’s consumer credit platform, Lipa Later, has expanded into the Ugandan market, enabling customers to access credit to purchase products from retailers and supermarkets in monthly instalments. Kampala, Uganda | JULIUS BUSINGE |The firm, which also has operations in Rwanda, said the new service will enable customers to purchase latest …

Baghdad, Iraq | XINHUA |  Iraq’s Ministry of Oil said on Tuesday that the country exported 89.88 million barrels of crude oil in May, bringing in revenues of about 5.88 billion U.S. dollars. The average selling price for crude oil last month was 65.45 dollars per barrel, according to a …

Kampala, Uganda | THE INDEPENDENT | National Medical Stores has began training health workers across the country ahead of a planned national rollout of the new NMS Plus Platform, an initiative which will be used to enhance transparency in procurement and delivery of medicines. The NMS plus initiative that starts …

Chinese lending in Africa has provided billions of dollars for crucial infrastructure projects. As Beijing tightens its belt, how Africa will fix the deficit? | GYUDE MOORE | After nearly two decades of significant bilateral lending, researchers have seen a drastic decline in lending from China’s policy banks. The impact …

Kenya’s ban on milk imports from Uganda is to blame Kampala, Uganda | JULIUS BUSINGE | Norman Nduho Kapaapa, a dairy farmer from Rwamuranda village, Kanyalyeru Sub-county, Kiruhura district loves President Yoweri Museveni’s message that urges Ugandans to engage in commercial agriculture to fight poverty. “I would like to thank …

The lender has also recorded a surge in operational expenses during the same period under review Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded a huge surge in profits amidst the multi-faceted Covid-19 pandemic crisis of health, economic disruption and humanitarian challenges. Latest financial results …

A cross section of Ugandans who reside in or usually travel to South Africa are excited about Uganda Airlines flying direct to and from Johannesburg, South Africa Kampala, Uganda | THE INDEPENDENT | Uganda Airlines has commenced the Entebbe-Johannesburg flights today, May 31. The airline will operate four flights  a week. …

  Kampala, Uganda | THE INDEPENDENT | At least 2124 people spent their weekend in various police cells after they were arrested for flouting curfew time rules. Police Spokesperson, Fred Enanga, said joint security operations arrested people on roads driving or riding past curfew time, which is 9pm to 5am, …