Stage set for competition with other regional commercial banks Kampala, Uganda | ISAAC KHISA | Patrick Mweheire, the former Chief Executive at Stanbic Bank Uganda, is considered to be one of the best brains within banking sector circles. This view is supported by his stellar performance at the bank where …
Read More »
Kampala, Uganda | THE INDEPENDENT | The tourism and hospitality industry in Uganda is dealing with the worst surge in cancellation of bookings as the global coronavirus outbreak takes a toll on businesses. Jean Byamugisha, the Uganda Hotel Owners Association chairperson, said many people who were scheduled to travel to Uganda …
Read More »
Kampala, Uganda | THE INDEPENDENT | The economic uncertainty of the COVID-19 coronavirus epidemic will likely cost the global economy USD 1 trillion in 2020, the UN’s trade and development agency, UNCTAD, has said. The warning was sounded by Richard Kozul-Wright, the Director, Division on Globalization and Development Strategies at UNCTAD …
Read More »
Singapore, Singapore | AFP | Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day earlier after top exporter Saudi Arabia began a price war with Russia. West Texas Intermediate was trading up 6.1 percent at more than $33 a barrel while Brent crude …
Read More »
Kampala, Uganda | THE INDEPENDENT | Members of Parliament want the National Identification and Registration Authority (NIRA) to start charging for sharing citizen’s data with private companies and government agencies. The demand was made by members of the Defense and Internal Affairs committee of parliament saying that for NIRA to …
Read More »
Kampala, Uganda | THE INDEPENDENT | Twenty two Europeans who arrived last night for the Uganda Europe Business Forum have returned home after discovering they would have to first self quarantine for 14 days. Uganda last week discouraged Europeans travelling from coronavirus hit countries from heading to Uganda, and if they …
Read More »
Kampala, Uganda | THE INDEPENDENT | A report by estate agent Knight Frank indicates that 494 Ugandans each own wealth worth at least $500,000 (1.8bn Uganda shillings). The index shows the minimum threshold. This means that of the 494 individuals, there are those that own wealth in the excess of USD1m …
Read More »
Mbale, Uganda | THE INDEPENDENT | Heavy rains have destroyed property worth millions in Kikindu market in Northern Division, Mbale Municipality. The rains which lasted for over three hours on Wednesday resulted in flooding of shops, kiosks and stalls leaving vendors counting losses. Some of the destroyed merchandise …
Read More »
More research and policy guidance needed to improve value chain for non-wood forest products Kampala, Uganda | RONALD MUSOKE | Honey, beeswax and shea butter are some of the non-wood forest products with a lot of potential of contributing to nutrition, food security, household incomes and forest conservation in the …
Read More »
Television still dominates the content space Kampala, Uganda | ISAAC KHISA | Telecom firms are slowly taking the battle for consumers to traditional Pay TV’s door step with the matching of the rival’s content either through partnerships or own content plays. MTN Uganda unveiled the YOTV in partnership with Al …
Read More »
The Independent Uganda: You get the Truth we Pay the Price