Kampala, Uganda | THE INDEPENDENT | On Dec.14, dfcu Bank in partnership with Price Waterhouse Coopers (PwC) and NTV Uganda rewarded Geneber Outspan Organic Farmers with Shs 25million after emerging as the overall winner of the nationwide campaign targeted at driving a savings and investment culture in Uganda. The campaign, which …
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Kampala, Uganda | ISAAC KHISA | Sanlam General Insurance Uganda has appointed two senior executives in an ongoing re-organisation of the firm’s management following the US$6.5 million acquisition of Lion Assurance Company (LAC) and rebranding last month. Ambrose Kibuuka has been appointed as General Manager, Commercial Business Division and Donato Laboke, …
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Kampala, Uganda | THE INDEPENDENT | Dubai-based carrier, Flydubai, has unveiled flights out of Kilimanjaro International Airport in Tanzania, expanding its network in Africa to 12 destinations. The carrier will offer six flights a week to Kilimanjaro, three of which are via a stop in the capital, Dar es Salaam bringing …
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Kampala, Uganda | THE INDEPENDENT | Kenya’s telecom firm, Safaricom, has relaunched its Internet-enabled digital TV decoders in the market a year after it suspended sales to address technical malfunctions, according to Business Daily. The telco started selling the Safaricom Digital TV and Internet Box for Kshs 9,999 (Shs350, 000) at …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme, is to invest $155 million during 2018 to among other things, refurbish old networks, build new power sub-stations and improve the network across the country. The firm’s Deputy Managing Director, Sam Zimbe, said they have submitted an investment plan for the …
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The best smartphones of 2017 Kampala, Uganda | THE INDEPENDENT | iPhone X — Best phone if money isn’t an issue Apple’s most premium of premium devices is beautiful. Its 5.8-inch nearly edge-to-edge panel gently curves around its four corners and its OLED display technology produces brilliant colors and deep …
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Beijing, China | AFP | China’s home-grown AG600, the world’s largest amphibious aircraft in production, took to the skies on Sunday for its maiden flight. The plane, codenamed “Kunlong” according to state news agency Xinhua, took off from the southern city of Zhuhai and landed after roughly an hour-long flight. …
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Brazzaville, Congo | AFP | A team from the International Monetary Fund on Thursday wound up a mission to the Republic of Congo by expressing concern at debt and corruption before considering any bailout. “Congo’s economy continues to suffer from the effects of low oil prices, unsustainable debt, and significant governance …
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Through smarter asset management, cities can double their investments without raising taxes COMMENT | DAG DETTER | The world is becoming increasingly urbanised, as more people are choosing to live in towns and cities than ever before. The trouble is, most urban areas are unprepared to manage the influx. Cities around …
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Why currency depreciation doesn’t always allow exports to decline relative to a producer’s imports COMMENT | GITA GOPINATH | In 1953, Milton Friedman published an essay called `The Case for Flexible Exchange Rates’, arguing that they cushion an economy from internal and external shocks by bringing about just the right price …
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The Independent Uganda: You get the Truth we Pay the Price