Business

THIS WEEK: US supports development innovations in Uganda Kampala, Uganda | THE INDEPENDENT | The U.S. Mission to Uganda has announced its support to three organizations working in Uganda whose innovative ideas promise to improve the lives of thousands of Ugandans. The United States Agency for International Development (USAID) awarded $1.25 …

  THIS WEEK: Shs 72trillion needed for investment in Uganda’s oil Kampala, Uganda | THE INDEPENDENT | Uganda will need about Shs72 trillion for investment in its development phase after transitioning from exploration. Ernest Rubondo, the executive director of Petroleum Authority of Uganda said the investment is expected to spur jobs, …

THIS WEEK: Shoprite to anchor Arena Mall in Nsambya Kampala, Uganda | THE INDEPENDENT |  The Arena Mall, a 14,000-square meter shopping centre development located in Nsambya, will be anchored by Shoprite, Africa’s biggest supermarket chain. Shoprite’s expansion in Uganda ties in with the news of two more stores to be …

Kampala, Uganda | MOFA |  Uganda has formally accepted a request from Hungary to open a Diplomatic Mission at the level of Charge D’Affaires in Kampala in the near future. The Minister of Foreign Affairs Sam Kutesa confirmed the new relationship with Hungary when he received the visiting Deputy Minister for …

Kinshasa, DR Congo | AFP |  Some $750 million (644 million euros) in revenue from Democratic Republic of Congo’s mines between 2011 and 2014 “cannot be reliably tracked” in the records of the state-owned Gecamines, the Carter Center said Friday. The US foundation, in a report, suggested Gecamines used “its …

Madrid, Spain | AFP | Manchester United manager Jose Mourinho was grilled by a judge in Spain on Friday over accusations of a 3.3 million euro ($3.8 million) tax fraud during his time in charge of Real Madrid in 2011 and 2012. After leaving the brief closed-door hearing, the 54-year-old …

Paris, France | AFP | Apple’s iPhone X hit stores around the world Friday, drawing crowds in many locations and protests in others as the new flagship device hit stores in some 50 markets worldwide. Apple enthusiasts around the globe were lining up to get their hands on the new device …

Hong Kong, China | AFP | Apple profits soared by a fifth as its flagship iPhone X hit stores in Asia Friday, with the company predicting bumper sales despite its eye-watering price tag. Net profit rose 19 percent from a year ago to $10.7 billion in the fiscal fourth quarter to …

Lagos, Nigeria | AFP | A Nigerian judge on Wednesday accused the country’s former oil minister of trying to “avoid justice” in Britain, as he dismissed an application for her to face corruption charges back home. Judge Rilwan Aikawa told the Federal High Court in Lagos that an attempt by Diezani …

Dubai, United Arab Emirates | AFP |  African officials, including four heads of state, convened with international CEOs at a summit Wednesday in Dubai, part of its push to position itself as a link for huge potential investments on the continent. “We are looking at the fastest growing economy of …