Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance (Planning) David Bahati has revealed that government is set to introduce a bill that will regulate digital currencies and pyramid schemes. “In October, Cabinet approved the National Payment System Bill. We intend to bring it …
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Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Sugar Bill that seeks to regulate the industry and rejected a government proposal to provide operating zones for mills. In the Bill, government had proposed a zone of 25km between mills with no more than one mill in that zone …
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Tokyo, Japan | AFP | Nissan’s board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal. Ghosn, in jail …
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Harare, Zimbabwe | AFP | Zimbabwe’s new finance minister Mthuli Ncube announced a five-percent cut to senior government officials’ salaries on Thursday in a bid to mend the shattered economy. Ncube’s budget also set out plans for the biometric registration of civil servants to weed out “ghost” workers who …
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Washington, United States | AFP | US President Donald Trump on Wednesday ignored criticism that he gave Saudi Arabia a free pass on the murder of a dissident journalist, instead praising the Islamic kingdom for keeping oil prices low. Trump, on holiday at his Florida Mar-a-Lago Club, doubled down on …
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Investment agency is hunting for a new ED as it waits for IGG report on restructuring Kampala, Uganda | IAN KATUSIIME | After making a detailed presentation about investment licensing at a breakfast meeting, Basil Ajer, the Acting Executive Director of Uganda Investment Authority (UIA), held his breath and said he …
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Johannesburg, South Africa | AFP | South Africa’s former president Jacob Zuma on Tuesday threw his weight behind the ex-head of the country’s tax collection agency who was recently sacked by President Cyril Ramaphosa. The move pitted Zuma directly against his successor Ramaphosa, who came to power in February when …
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Kampala, Uganda | AGNES E NANTABA | Rodney Mukula is the managing director of the Kampala based Asante Waste Management Limited. He spoke to The Independent’s Agnes E Nantaba about challenges of waste and plastic management and the probable solutions in Uganda. What are the key elements in your management philosophy? …
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London, United Kingdom | AFP | The value of bitcoin slipped Monday below $5,000 (4,367 euros) for the first time since October 2017 as volatility returned to the cryptocurrency market. Data compiled by Bloomberg showed the world’s most popular virtual currency losing about 10 percent of its value from Friday …
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Kampala, Uganda | JULIUS BUSINGE | Four lucky customers for online shop company, Jumia have won themselves goods line up for Black Friday campaign, officials said on Nov.19. The items won included two television sets, a mobile phone and one fridge. The winners are: Luis Paul, Enoch Jacob Masinde, Richard Kalule …
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