Business

London, UK | THE INDEPENDENT | Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent. The Anglo-Irish Oil and gas operator has over 30 licenses across eight countries in Africa and South America. It was once the lead investor in …

Kinshasa, DRC | THE INDEPENDENT | The government of the Democratic Republic of Congo (DRC) has suspended all Rwanda Air flights from Kigali, after accusing the Rwanda Government of supporting M23 rebels. “In view of the Rwanda‘s support for the M23 terrorists, it has been decided to immediately suspend Rwandair flights …

Cellulant processes $300,000 worth of payments daily in Uganda and facilitates $1b in transaction volume every month across different payment channels in Africa. Kampala, Uganda | THE INDEPENDENT | Cellulant, Africa’s leading payments company, won the Award for Excellence in Embedded Fintech at the 7th edition of the Africa Fintech …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda in partnership with K2 Telcom has announced the enhancement of the network services with the aim of boosting customers’ experience and expanding the reach of the partnership. This was revealed at a press briefing held today at Bulange in Mengo May 26, 2022. …

Kampala, Uganda | THE INDEPENDENT | African coffee-producing countries have gathered in Nairobi to chart ways of improving the continent’s coffee sector and cushion it from global shocks. These include the effects of pandemics, trade barriers, and market dynamics like unfair taxes and trade restrictions among others. The first G25 Coffee …

Kampala, Uganda | THE INDEPENDENT | The United States Agency for International Development-(USAID) has raised concern over corruption in the country, saying that if the vice isn’t fought, the long anticipated oil money may not benefit the country. Richard Nelson, the USAID Country Director told a meeting organized by the Inspectorate …

Kampala, Uganda | THE INDEPENDENT | Lawmakers on Commissions, Statutory Authorities and State Enterprises – COSASE were on Thursday morning left upset after the Minister of Finance, Planning and Economic Development Matia Kasaija failed to appear before them for the second time, without giving any reason. Led by Joel Ssenyonyi, the …

Kampala, Uganda | THE INDEPENDENT | FunaRide, a local ride-hailing firm, has unveiled a car-sharing service across the country as it seeks to grow its revenue stream. Unlike Uber and Bolt, the new app will connect drivers and passengers in the same area code heading to the same direction. Susan Mugyenyi, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is projected to grow at six per cent in the next financial year 2022/2023, according to the Minister of State for Finance in charge of General Duties, Henry Musasizi. Musasizi who was on Wednesday, 25 May 2022 appearing before the Committee on National …

| THE INDEPENDENT | Investors in the tourism sector have an opportunity to exploit out of the Uganda Development Bank and European Union partnership involving a Shs62bn facility, executives said on May 18. Representatives from the two partnering agencies openeda the call for entries for eligible businesses in the tourism …