Coca-Cola, Pepsi tout plastic recycling in rare joint appearance Davos, Switzerland | AFP | The bosses of Coca-Cola and Pepsi promised Thursday that “huge progress” would be made by 2030 to reduce plastic waste, which contaminates humans, wildlife, and oceans. Soft drink archrivals James Quincey and Ramon Laguarta participated in …
Read More »Tanzanian delegation in Uganda for crude oil pipeline negotiations
Kampala, Uganda | THE INDEPENDENT | Ugandan and Tanzanian officials are meeting in Kampala for another round of negotiations on the Host Government Agreement for the East Africa Crude Oil pipeline. Sources at the Energy Ministry have indicated to URN that about four Ministers from Tanzania are already in Uganda for …
Read More »Uganda deports third foreign telecom employee
Kampala, Uganda | AFP | Ugandan police on Thursday announced the expulsion of another foreigner working for telecom giant MTN, following the deportation earlier this week of two of the company’s expatriate staff. MTN Uganda’s general manager for mobile money Elsa Mussolini, an Italian citizen, was forced out of the …
Read More »Real Madrid take top spot from Man Utd in ‘money league’
London, United Kingdom | AFP | Real Madrid have knocked Manchester United off the top of Deloitte’s Football Money League, but the Premier League still flexed its financial muscle, with all of England’s ‘Big Six’ featuring in the top 10 for the first time. The Deloitte list ranked clubs on how …
Read More »Museveni warns telecoms on milking the economy
President to MTN, ‘Float shares on local stock exchange to correct trade deficit’ Davos, Switzerland | THE INDEPENDENT | President Yoweri Museveni has said government and business leaders must have a win-win formula devoid of exploitation of the local people to avoid grievances between locals and foreign investors. “We …
Read More »COMESA trade barriers
COMESA: Experts call for harmonisation of standards within the trading bloc Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa bloc presents huge opportunities for businesses but a number of challenges remain. Delegates from Kenya, Uganda, Rwanda, Ethiopia and Malawi said at a recent meeting …
Read More »10 years after crisis, bank CEO pay swells again
New York, United States | AFP | Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels. Compensation figures released so far by large banks this year suggest a rich season for CEOs, despite …
Read More »Minister assures Ugandans on Standard Gauge Railway Project
Kampala, Uganda | THE INDEPENDENT | The Minister of Works and Transport Monica Azuba has said that the government is committed to constructing the standard gauge railway whether Kenya plays its part or not. Kenya is currently constructing 120 km line from Nairobi to Naivasha at $1.7bn and will be …
Read More »From Prince William to Mike Pompeo: top quotes at Davos
Davos, Switzerland | AFP | Here is a serving of quotes from the World Economic Forum (WEF) in Davos on Tuesday, where a year after US President Donald Trump stole the show, Brazil’s new far-right leader grabbed the limelight. “I’d like to say it’s a personal treat for me to be …
Read More »France to seek tougher oversight of 5G network gear
Paris, France | AFP | France will require telecommunications companies to allow more government oversight and control of the equipment required for next-generation 5G wireless networks due to security concerns, a government official said Tuesday. The move comes as several Western nations have barred China’s Huawei from participating in contracts for …
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