Business

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac …

Kampala, Uganda | THE INDEPENDENT | A Final Investment Decision (FID) for the Lake Albert Oil and Gas project is expected to be concluded by mid this year, according to Tullow Chief Executive Officer Paul Mcdade. The government has been banking on the Joint Venture Partners, Tullow, China National Offshore Oil …

With the right balance of audacity and pragmatism, regional integration could yield larger dividends  COMMENT | Célestin Monga | When Kwame Nkrumah, under whose leadership Ghana became the first African country to claim independence in 1957, was overthrown by a military coup in 1966, few of his fellow citizens shed …

Kampala, Uganda | THE INDEPENDENT | Guests at Sheraton Kampala will from today have the opportunity to earn loyalty program points that allows them to stay in any Marriott affiliated hotel in the World. Marriott International today unveiled “Marriott Bonvoy”, the new brand name of its loyalty travel program that will replace the …

Kampala, Uganda | THE INDEPENDENT | Stanbic’s East African economist Jibran Qureishi has said the delays as Uganda bids to borrow from China to finance the Standard Gauge Railway (SGR) could be a blessing in disguise. Uganda needs about sh8 trillion to construct the SGR from Malaba to Kampala. The …

Kampala, Uganda | THE INDEPENDENT | The banking sector has had a rapid expansion in Agency Banking hardly a year since Bank of Uganda issued Agency banking regulations. The sector according to Uganda Banker’s Association now has over two thousand agency banking agency compared to the existing three hundred bank …

The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …

Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …

New York, United States | AFP | The stunning revelation that a tabloid obtained below-the-belt selfies of Amazon founder Jeff Bezos — the world’s richest man — suggests that even billionaires are not out of the reach of hackers. Bezos came out fighting this week, accusing the National Enquirer of blackmailing …

The 15 finalists who participated in the second edition of the StartUpper of the year challenge by Total Uganda (2018-2019) have been announced. Kampala, Uganda | The Independent | The aim of the challenge is to turn young people’s innovations and passions into sustainable businesses. Initiated by the Total Group …