Kampala, Uganda | THE INDEPENDENT | Sellers of eggs in Kampala are stuck with hundreds of trays as the economy shut down due to coronavirus meaning key clients locally and abroad no longer buy. This has seen the price of a tray of eggs fall by at least 2000 shillings to …
Read More »
Singapore, Singapore | AFP | Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets. US benchmark West Texas Intermediate plunged eight percent at the open in Asia but clawed back some ground and was trading …
Read More »
Kampala, Uganda | INDEPENDENT REPORTER | Pan-African lender, United Bank for Africa – Uganda has made a donation of Shs570million to the Uganda government as support towards the fight against the coronavirus (COVID-19) global pandemic. The donation was made to President, Yoweri Museveni, by the UBA Uganda Managing Director …
Read More »
Kampala, Uganda | ISAAC KHISA | International Air Ambulance (IAA) Healthcare, a leading Health Membership Organisation in Uganda has announced that it will not cater for medical bills for any of its clients infected with coronavirus. This follows declaration of the disease as pandemic by the World Health Organisation. …
Read More »
London, UK | Several biggest industries across the whole globe have been affected on the first stage. The first sector was on tourism and air transportation. The flights got cancelled with rapid speed all over the world. Many airline companies declined and rescheduled flights to almost every single country. Once …
Read More »
Kampala, Uganda | Isaac Khisa | Kenyan-based lenders, Commercial Bank of Africa and NC Bank, are expected to finalize their merger in the second quarter of this year subject to the regulatory approval. The two banks submitted their request to merge their operations to Bank of Uganda late last year. Releasing the …
Read More »
Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …
Read More »
Looming project will promote financial inclusion and economic prosperity Kampala, Uganda | JULIUS BUSINGE | Financial institutions are carrying out a study to inform potential investors about the viability of doing business in refugee settlement areas and host communities. Equity Bank, Financial Sector Deepening Africa, Financial Sector Deepening Uganda and …
Read More »
It is targeting one million people in key economy sectors Kampala, Uganda | JULIUS BUSINGE | Small and medium businesses in northern Uganda now have a big opportunity to exploit from a Shs57bn new project that aims to use information technology tools to offer services for the next five years. …
Read More »
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed John Musinguzi Rujoki as new Uganda Revenue Authority Commissioner General and named Dr Michael Atingo-Ego Bank of Uganda deputy governor. Musinguzi has been presidential advisor on ICT and investment and board chairman of the National Information Technology Authority (NITA). He will replace …
Read More »
The Independent Uganda: You get the Truth we Pay the Price