Business

  It’s Total disaster Kampala, Uganda | HAGGAI MATSIKO | Uganda’s oil sector has been thrown into another toss up after President Yoweri Museveni cancelled a highly anticipated meeting on June 05 between him and oil production company executives; The Independent can exclusively report. The meeting was to be a …

Kampala, Uganda | THE INDEPENDENT | Several officials from the Bank of Uganda and the Civil Aviation Authority are being questioned following an anomaly with a consignment belonging to the central bank. According to a Statement issued by the Central Bank Governor Emmanuel Tumusiime Mutebile the investigation is in relation …

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) yesterday in Malabo received the award for the African Bank of the Year at the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank. Amr Kamel, Afreximbank’s Executive Vice President …

Kampala, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit has confirmed they grilling several Bank of Uganda officials in relation to an investigation of a dubious recent procurement. Media in Kampala are reporting the investigation is about a recent procurement of new currency notes. Reports indicate there was extra …

  Nairobi, Kenya | AFP |  Democratic Republic of Congo President Felix Tshisekedi said Thursday that his country was seeking to join the East African Community, a regional political and economic bloc. The DRC shares borders with four of the six members of the bloc, and Tshisekedi said on a …

Kampala, Uganda | THE INDEPENDENT | Ugandan traders whose goods and containers have spent more than 30 days at Mombasa port have a chance to clear their goods after a waiver of fees by the Kenya Ports Authority. According to KPA, only goods that have spent their 30 days and more will …

▶ THEME: Industrialization for Job Creation & Shared Prosperity 💠 2019 – Sh40 trillion 💠 2018 – Sh32 trillion 💠 2017 – Sh22 trillion 💠 2016 – Sh20 trillion ▶ Domestic financing 74.5 percent ▶ External Financing 25.5 Top ✅ Works-Transport Sh6.4 trillion ✅ Security 3.6 trillion ✅ Education 3.2 trillion Bottom …

Kampala, Uganda | Julius Businge | The Bank of Uganda Governor Emmanuel Tumusiime Mutebile has advised the general public to take note of the changes made by the Central Bank of Kenya on its currencies. In a media release circulated on June 12, Mutebile urged the public to be vigilant when transacting …

Kampala, Uganda | Julius Businge |  About 500 delegates and 30 exhibitors from 20 countries globally are expected to attend the 4th African Tea Convention and Exhibition starting from June 26 up to 28 at the Kampala Serena Hotel. The global event for the tea industry organised by the East African …

Kampala, Uganda | THE INDEPENDENT | Businesses and money changers have suffered major disruptions following the suspension of the Kenyan currency conversion in Uganda. Consequently, many have seen the value of their money fall but also had to contact their friends near the border to help them do conversions in …