Business

London, UK | THE INDEPENDENT | Uganda’s beef will be given ”space’ on the United Kingdom market, British Prime Minister Boris Johnson has promised. Addressing the UK-Africa investment summit in London today morning, Johnson displayed unusual charm to the African leaders, underlining the need for closer business with the UK. …

Davos, Switzerland | AFP |  The number of billionaires has doubled in the past decade and the world’s 22 richest men now have more wealth than all the women in Africa, Oxfam said Monday in an appeal to the Davos elite to get serious about inequality. “Our broken economies are …

Vancouver, Canada | AFP | A senior Huawei executive whose arrest in Vancouver led to a breakdown in Canada-China relations headed to court on Monday to fight extradition to the United States. Meng Wanzhou, the company’s chief financial officer and eldest daughter of its founder Ren Zhengfei, is wanted by …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Police together with Uganda Communications Commission have apprehended eight people suspected to be engaged in SIM boxing electronic fraud.  SIM boxing is a practice in telecommunications whereby a person or group of people set-up a device that can take up several SIM …

Luanda, Angola | AFP |  Angola’s former president Jose Eduardo dos Santos has denied links to alleged public company embezzlement during his rule, in his first response to corruption investigators last month freezing his daughter’s assets. Isabel dos Santos, the ex-president’s billionaire first-born, has been the target of an anti-corruption …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund worth US$10million to fund SMEs in Uganda. The 5-year partnership aims to unlock financing intended to facilitate the promotion and growth and development of Small and Medium sized Enterprises. Fabian …

Brussels, Belgium | AFP |  With just two weeks to go before Brexit, European diplomats are preparing for the next phase: intense negotiations to hammer out a future with Britain after its EU divorce. Brussels is braced for new rounds of Brexit battles, aware that a bullish Prime Minister Boris Johnson is …

Kampala, Uganda | THE INDEPENDENT |  Uganda’s national carrier, Uganda Airlines, has made it official that it will unveil direct flights to Johannesburg, South Africa, soon. The development will see the airline grow its network of direct flights out of its hub at the Entebbe International Airport. Presently, the airline …

Kampala, Uganda | THE INDEPENDENT | The International Advisory Board of African Leadership Magazine, a publication of African Leadership (UK) Limited meritoriously selected NWSC MD Dr. Eng Silver Mugisha from a shortlist of nominees to be inducted into the AFRICAN LEADERSHIP CEO’S HALL OF FAME 2020. In the same vein, …

Kampala, Uganda | THE INDEPENDENT  |  The Uganda Civil Aviation Authority-CAA has said the first phase of expanding Entebbe International Airport is currently at 60 percent level of completion. Uganda secured a loan of $325 million from Exim Bank of China, with $ 200 million earmarked to finance the first phase …