Business

New partnership announced at AfricaCom 2018 brings together Liquid Telecom’s award-winning VSAT service with Kymeta’s high throughput satellite communication system Kampala, Uganda | THE INDEPENDENT | Leading pan-African telecoms group Liquid Telecom is extending its award-winning VSAT service through a new partnership with Kymeta, enabling it to deliver enhanced satellite mobile …

Tokyo, Japan | AFP |  A Japanese minister in charge of cyber security has provoked astonishment by admitting he has never used a computer in his professional life, and appearing confused by the concept of a USB drive. Yoshitaka Sakurada, 68, is the deputy chief of the government’s cyber security …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority (KCCA) has allocated 37 billion shillings to divisions in the 2019/20 financial budgeting process. This is the first time that KCCA has created budget votes for the divisions since its creation in 2011. The division mayors have been lobbying for creation …

Kampala, Uganda | THE INDEPENDENT | A storm is brewing in over a name adopted for the Total’s oil northern Albertine Graben project located in Buliisa and Nwoya district. Total Exploration Uganda faces off with local opponents angered over the project name Tilenga. The name Tilenga is derived from two local …

Kampala, Uganda | JULIUS BUSINGE | Rashmi Pillai is the programs director at Financial Sector Deepening Uganda (FSDU). She spoke to The Independent’s Julius Businge about the recently held Financial Inclusion Week and related sector issues. What was the financial inclusion week about? The Financial Inclusion Week begun as a concept …

Trade Ministry says the Ease of Doing business does not reflect true picture on the ground Kampala, Uganda | ISAAC KHISA | Uganda slide its ranking on the World Bank’s ‘ease of doing business’ report for the second consecutive year, dropping five places to the 127 position owed to increase in …

Kampala, Uganda | JULIUS BUSINGE | The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October up from 54.2 in September, recording above the 50.0 no-change mark for the 21st successive month. This reading is the highest since the survey began in June 2016. Four of the five monitored …

What it will take to turnaround fortunes of a bank with negative publicity and mixed performance Kampala, Uganda | JULIUS BUSINGE | The new Chief Executive Officer of dfcu bank is many things that his predecessor is not. He is an economist, young and top business executive. He also holds a …

Kampala, Uganda | THE INDEPENDENT | The low prices of Vanilla has left farmers and exporters worried. In 2004, vanilla prices fell from about 150,000 shillings a kilogram to 1,000 shillings. This was the worst in the history of vanilla growing, forcing many farmers to cut down the plants and abandon …

Kampala, Uganda | THE INDEPENDENT | The delay by international Oil Companies to make a final Investment Decision (FID) has thwarted government’s ambitions for first oil by 2020. Energy and Mineral Development Minister, Irene Muloni admits it may not be possible for to have oil out of the ground by end …