TOURISM: Are the firms hired to boost sector delivering results? Kampala, Uganda | JULIUS BUSINGE | Godfrey Kiwanda is a Ugandan politician, junior minister for tourism and speaks passionately about Uganda’s tourism sector. On January 16, he told The Independent that he is among the government officials spearheading the government’s …
Read More »33 YEARS LATER: Mixed economy was right strategy
`We can’t build a mixed economy when the private sector side is parasitic on the public sector’ NRM programme point No. 10. Following an economic strategy of mixed economy When the NRM government took power in 1986, it introduced a 10-point programme. Point No.10 on the programme was to pursue …
Read More »Egg prices fall as supply goes up
EGGS: Kenya’s increase in supply spells doom to Ugandan farmers Kampala, Uganda | PATRICIA AKANKWATSA | Ugandan farmers are suffering losses from falling egg prices due to lost market opportunities in the region and high feed costs. Farmers and traders that spoke to The Independent said a tray of eggs …
Read More »Uganda’s Kabulasoke solar power plant
Kabulasoke: A critique on where and how to use solar electric energy Kampala, Uganda | ENG. KANT ATEENYI KANYARUSOKE | First, we will congratulate Ugandans and their son Dr. David Alobo for the recent commissioning of a 20 MW photovoltaic power plant. The project follows the 2016 Soroti solar plant of 10 …
Read More »Rwand Air appoints an agent in Australia
Kampala, Uganda | THE INDEPENDENT | Rwanda’s national carrier, RwandAir, has appointed Airline Rep Services a General Sales Agent (GSA), a company division of the CVFR Travel Group as its representative for the region of Australia and New Zealand. The airline’s CEO, Yvonne Manzi Makolo, said the deal was accomplished …
Read More »British solar firm secures US$31million for expansion
Kampala, Uganda | THE INDEPENDENT | British renewable energy firm, BBOXX, has secured $31 million investment from the Africa Infrastructure Investment Managers (AIIM) fund for African expansion. The firm said it will also use the cash to roll out its solar platform that incorporates photovoltaics, battery systems, real-time analytics and the …
Read More »Sanlam to pursue bond default directors
Kampala, Uganda | THE INDEPENDENT | Sanlam Kenya now wants directors of companies that defaulted on Ksh1.15 billion through corporate bond issues held personally liable for “misleading” the investment firm, according to Business Daily. CEO Patrick Tumbo said the company will take legal action against firms such as Kaluworks, a …
Read More »Uganda, Tanzania set new deadline for oil pipeline agreement
Kampala, Uganda | THE INDEPENDENT | Uganda and Tanzania have agreed to complete and sign a Host Government Agreement for the East Africa crude oil pipeline by end of June this year. The new deadline comes after week-long negotiations between Ministers from Tanzania and Uganda. The protracted negotiations at Kampala …
Read More »Behind Bitcoin’s collapse
The real cost of the digital cryptocurrency’s fall from grace Kampala, Uganda | THE INDEPENDENT | Bitcoin hit its highest valuation a year ago, reaching above £15,000 on some exchanges. Since then, a unit of the cryptocurrency has dropped 80% and is valued at less than £3,000. According to Sky …
Read More »Understanding Blockchain
ANALYSIS: Bitcoin is often confused with blockchain which is the technology on which the cryptocurrency is based Kampala, Uganda | Morris Borris Atugonza | A blockchain is a database that is shared across a network of computers. Once a record has been added to the chain it is very difficult to change it. …
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