Business

Arua, Uganda | THE INDEPENDENT | The central bank has cautioned the public against borrowing from unregulated bodies. Balaam Ssempala, the Deputy Director Deposit Protection Unit in the Central Bank says that in the event of liquidation or closure of such unregulated institutions, the depositor stands a high risk of …

Kampala, Uganda | THE INDEPENDENT | MV Kalangala, the marine vessel plying Nakiwogo in Entebbe to Lutoboka landing site in Kalangala island has triggered complaints in the recent months ranging from inefficiency, overloading and engine defaults from travelers. Last week, Ministry of Works and Transport issued new guidelines to Nation …

Riyadh, Saudi Arabia | AFP | Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, CEO Amin Nasser said Monday. “We signed $27.5 billion (24 billion euros) in a total of 31 commercial collaborations,” Nasser said in a statement …

Kampala, Uganda | IAN KATUSIIME | Tracy Akello and Rachael Kemigisha will have a memorable experience as they watch the Formula One Grand Prix live in Abu Dhabi, United Arab Emirates. The two are the first ladies among the lucky eight Ugandans who have always been selected to watch the …

Poor money management skills blamed for the biting poverty Kampala, Uganda | THE INDEPENDENT | Teaching financial literacy to adult populations has got a lift with the unveiling of an online platform that will make financial education more interesting. SIMU Plus has partnered with Uganda Telecom for a roll-out of …

THE LAST WORD: Why many Ugandans are stuck in poverty and unemployment even in the face of opportunities THE LAST WORD | Andrew M. Mwenda | I have lately been arguing in this column that one of the most important drivers of prosperity is human capital. The better the human …

  Caxito, Angola | AFP |  Boxes of still-green bananas were shifted one-by-one from a towering stack of crates into a refrigerated shipping container. Stamped “From Angola, with love”, the fruit is shipped to consumers 6,000 kilometres (3,700 miles) away and are part of Luanda’s drive to diversify its economy …

Artificial Intelligence, Oil, tourism and agriculture discussed at Uganda’s ACCA 2018 convention Kampala, Uganda | JULIUS BUSINGE | Uganda’s Association of Chartered Certified Accountants (ACCA) will aim to raise members professionalism as they focus on providing guidance in the the oil sector. Andrew Ssekamwa, the vice chairperson – ACCA Members …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged the Uganda Revenue Authority (URA) to fill up existing tax gaps so that the country can gain financial independence and stop borrowing money to finance its budget. The President made the remarks at the ongoing first Science Model Workshop …

Juba, South Sudan | AFP |  South Africa and South Sudan signed an outline agreement on Friday that could see Pretoria invest around $1 billion (880 million euros) in South Sudan’s struggling oil industry. The agreement, which will be subject to detailed negotiations between the countries, was made between two …