Business

Accra, Ghana | AFP | Ghana’s government on Sunday promised to tighten safety at fuel stations across the country after seven people were killed and scores more injured when a tanker truck carrying natural gas caught fire in the capital and triggered explosions. The fire and blasts in the Legon area …

THIS WEEK: MTN Uganda wins DIAA Awards  MTN Uganda took home five prizes at the Digital Impact Awards Africa (DIAA) 2017 awards held at the Kampala Serena Hotel recently. The awards cemented MTN Uganda’s position as the number one telecommunications company in Uganda. The accolades that MTN Uganda scooped are; …

THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …

THIS WEEK: NSSF unveils $400million Lubowa housing project The National Social Security Fund broke the ground for the construction of 2,740 housing units on its 565 acres of land in Lubowo, a Kampala suburb. Speaking at the ground breaking ceremony on Sept. 26, NSSF Managing Director, Richard Byarugaba, said the …

THIS WEEK: Uganda Baati to train 600 roof technicians Kampala, Uganda |THE INDEPENDENT |Uganda Baati, one of the country’s oldest roofing solutions provider, has unveiled a campaign dubbed the Fundi Club campaign that will see over 600 roof installers trained countrywide. George Arodi, the country manager said the firm decided …

  Geneva, Switzerland | MOFA | Minister of Justice and Constitutional Affairs Kahinda Otafiire has told the 2017 General Assembly of the World Intelectual Property Organization (WIPO) that Uganda has stepped up efforts to ensure protection of traditional knowledge and the country’s genetic resources. He said protection of  traditional knowlede and …

Kampala, Uganda | GODFREY SSALI | The Uganda Development Corporation (UDC), the investment arm of government mandated to promote and facilitate industrial and economic development of the country, has finally got a first Board of Directors since its revival in 2008. The new board which will be chaired by Hamu Mugenyi, …

Mumbai, India | AFP | India’s central bank held interest rates at a seven-year-low on Wednesday as it downgraded growth forecasts for Asia’s third largest economy amid a slowdown following recent high-profile reforms. The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends …

Kampala, Uganda | ISAAC KHISA | Uganda Securities Exchange has received approval from the Capital Markets Authority to demutualise within a period of one year, according to its Chief Executive Officer, Paul Bwiso. Bwiso said the new development means that the USE ceases to be a mutual entity limited by guarantees and …

Kampala, Uganda | GODFREY SSALI | Government has moved to regulate the manufacture and processing of packaged water in a bid to ensure safety and security of the public. Cabinet has approved a new policy to streamline the packaged water sector. Packaged water is one of the key industrial sub-sectors with …