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URBRA’s new plan for retirees

The regulator wants members to keep their money longer with pension schemes or get paid in installments Kampala, Uganda | JULIUS BUSINGE | The Uganda Retirements Benefits Regulatory Authority (URBRA) is in advanced stages of preparing a policy proposal for the ministry of finance to consider and convince retirees to …

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CNOOC’s Kingfisher project approved

NEMA’s approval paves way for construction of oil field facilities Kampala, Uganda | RONALD MUSOKE | Uganda’s environmental agency, NEMA, has approved CNOOC’s environmental and social impact assessment report for the Kingfisher project following ten months of scrutiny and evaluation. Dr. Tom Okurut, NEMA’s executive director issued the certificate of …

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UNOC starts trading in petroleum products

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company Limited (UNOC) has today launched its petroleum products business. UNOC will import and sell petroleum products in bulk to registered local oil marketing companies, a move that will position UNOC, with Government support, within the petroleum products supply chain. According …

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Bank of Japan unveils emergency measures over virus

Tokyo, Japan | AFP | The Bank of Japan on Monday unveiled a series of emergency monetary policy measures to shore up the world’s third-largest economy, as the coronavirus pandemic threatens a global recession. In a meeting brought forward by two days, the BoJ said it would double its annual …

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COVID-19: Wash hands after counting money

Kampala, Uganda | THE INDEPENDENT | There is need to exercise high levels of hygiene especially when dealing with currencies, Dr. Yonas Tegegn Woldemariam, the WHO country director has advised. He explains that touching money is one of the fastest ways through, which the Corona virus can be spread since …

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MultiChoice managing director tips Ugandan marketers, companies

Kampala, Uganda | Julius Businge | Marketers are an important resource for any business to thrive going by the contemporary issues affecting the global economy, according to the Managing Director for MultiChoice Uganda Limited Hassan Saleh. Speaking at the inaugural ‘continuous development forum’ for Uganda Marketers Society (UMS) at Serena Hotel on …

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Police cyber unit commander arrested for soliciting sh223m bribe

Kampala, Uganda | THE INDEPENDENT | Simon Nkonge, the Commandant of the Cyber Unit at Kampala Central Police Station is in trouble for allegedly of extorting $60,000 (sh223 million) from a city businessman. Nkonge was picked up on Wednesday morning by operatives from the Chieftaincy of Military Intelligence–CMI shortly after reportedly …

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MPs want NAADs to distribute hass ovacado seedlings to farmers

Kampala, Uganda  | THE INDEPENDENT |  The Agriculture Committee of parliament wants Government to promote Hass avocado growing countrywide, saying it will boost farmer’s income.  Hass avocado is one of the most trending fruit at the moment with demand stretching from Europe, China, the United States and Middle East. The avocado, …

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MTN CEO to step down

  Johannesburg. South Africa | THE INDEPENDENT | MTN Group’s president and CEO Rob Shuter will step down in March 2021 at the end of his contract, the company confirmed Wednesday, as it released its financial results  for year ended 31 December 2019. “CEO Rob Shuter will be stepping down from …

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