Business

Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) says it is registering more entities to report cases of money laundering because launderers are now opting for non-traceable transactions. The authority recently announced that car dealers would be required to register with it, in a move to curb …

  TECH ANALYSIS  | THE INDEPENDENT | Silk Road. Cryptocurrencies. Drug markets. Stolen databases and disturbing content. These are just a few keywords associated with the dark web, and not many people dare to dig deeper to understand the true and ambiguous nature of the underbelly of the Internet. The …

They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …

  Elly Twineyo Kamugisha is an economist and the current executive director for the Uganda Export Promotion Board (UEPB). He spoke to The Independent’s Julius Businge on why it is urgent for the government to heavily engage in export development activities.   What is new at the Uganda Export Promotion Board …

Nairobi, Kenya | THE INDEPENDENT | Bob Collymore died early today, Safaricom PLC has announced. “Our beloved CEO Bob Collymore has passed. We extend our deepest condolences to his family, our colleagues, partners and the nation at large,” Safaricom stated. He has been battling cancer. Safaricom is a listed mobile …

Accra, Ghana | AFP |  Kwame Boadu was forced to abandon his cocoa plantation to work in Ghana’s capital Accra, but when the government announced plans for a price floor he began dreaming of a return to his fields. A higher guaranteed price for the crop means a cocoa farmer “can afford …

Kampala, Uganda | THE INDEPENDENT | Commissioner for Customs Dicksons Kateshumbwa has been elected Chairperson of the World Customs Organization (WCO) Council in Brussels. Kateshumbwa has been the WCO East and South African region Vice Chairman. The Uganda Revenue Authority customs takes over from Uruguay’s Enrique Canon.  “I thank the Global …

  Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY BoU’s printing money saga: Behind Nakalema, Akullo investigation THE LAST WORD The tyranny of expert advice: Why Africans need to look beyond the oversimplification of our development challenges HEALTH Hepatitis B in Uganda: …

  Kampala, Uganda | THE INDEPENDENT | Government is opposed to the proposal to export unprocessed raw materials such as sugar cane. The Trade, Industry and Cooperatives Minister Amelia Kyambadde stated this while presenting a statement to parliament on the issue of excess sugar cane in Busoga sub-region. Kyambadde told …

Washington, United States | AFP | Game console makers Microsoft, Sony and Nintendo have joined forces in opposing expanded tariffs on China, saying the plan would make their products unaffordable for the coming holiday season. In comments filed with the US Trade Representative, the three firms said President Donald Trump’s threat …