Kampala, Uganda | THE INDEPENDENT | Minister of Foreign Affairs Sam Kutesa has hailed Germany for the support extended to Uganda in the water, energy and governance sectors. Kutesa made the remarks Friday after he received copies of credentials of the Ambassador designate of the Federal Republic of Germany to …
Read More »Rwanda targets Chinese coffee consumers
Kigali, Rwanda | XINHUA | Rwanda’s investment authority said Friday that it expects to raise more awareness of Rwandan coffee among Chinese consumers as coffee export to China is on the rise. The rise is being achieved through online sales with popular celebrities as livestreaming hosts on Chinese social …
Read More »Small banks pay higher interest to savers
Kampala, Uganda | THE INDEPENDENT | Saving with a smaller bank earns you a better return than you would get with glamorous bigger banks, analysis of the latest Bank of Uganda data compilation shows. The data which shows what the banks pay you and charge you shows that commercial banks outside …
Read More »Acholi leaders divided over proposed agro-industrial identity for Gulu city
Gulu, Uganda | THE INDEPENDENT Mixed reactions have emerged in Acholi over the proposed agro-industrial identity of the newly elevated Gulu City. Founded in 1912, Gulu attained city status on July 1, this year, alongside Arua, Mbale, Jinja, Masaka, Mbarara and Fort Portal. The former Municipalities of Lira, Hoima and Soroti …
Read More »COVID-19: 90% of Kampala cases used a taxi before infection
Kampala, Uganda | THE INDEPENDENT | Up to 90% of Kampala’s record 175 COVID-19 cases have reported using public transport and the taxi park. The other key of source of infection, according to a statement from Kampala Capital City Authority, are offices, workshops and arcades, due to noncompliance to …
Read More »Clubs tipped on investment
Kampala, Uganda | THE INDEPENDENT Investment clubs have been tipped to diversify their investments into both physical and financial assets. Physical assets include land, houses, plant and equipment while financial assets includes treasury bills, bonds and fixed deposits. Speaking during a virtual meeting on Thursday, Aeko Ongodia, a founder and Chief …
Read More »Uganda’s economic outlook remains uncertain
Bank of Uganda is optimistic the economy will recover amidst challenges Kampala, Uganda | JULIUS BUSINGE | Can Uganda’s economy recover at a much needed speed amidst threats posed by COVID-19? This is the question that the Bank of Uganda technical managers seem to be pondering with as they keep …
Read More »Uganda’s telephone subscribers up by 1.8 Million
Kampala,, Uganda | THE INDEPENDENT The number of telephone subscribers in Uganda has grown by 1.8 million in the third quarter of 2019/2020 bringing the total number to 28.5 million people. According to the January to March 2020 quarterly report by the Uganda Communication Commission, the number of subscribers increased from …
Read More »Equity Bank strengthens foot print in DRC with new acquisition
It paid Shs347bn for the 66.53% stake in a DRC bank Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has completed the acquisition of Banque commercial du Congo, (BCDC) in the Democratic Republic of Congo, further strengthening is foot print on the African market. This follows a …
Read More »Police tasked to expedite probe on sale of mama kits in Fort Portal
Fort Portal, Uganda | THE INDEPENDENT Police in Fort Portal has been tasked to expedite an investigation into the sale of donated Mama Kits in a supermarket. Mama Kits labelled; “For Public Use, Not for Sale” were first seen in Good Home Supermarket in Fort Portal, in March. Subsequently, a Chinese …
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