Business

Karuma, Isimba power raises new questions Kampala, Uganda | HAGGAI MATSIKO | On the face of it, Uganda’s sole national electricity distributor, Umeme Ltd, has a stronghold on the sector. It has seven more years on its concession, has recently posted stellar financial and operational performance, and – with workers’ …

  Addis Ababa | THE INDEPENDENT | President Paul Kagame of Rwanda started his reign as African Union Chairperson on Sunday by announcing the launch of a Single African Air Transport Market (SAATM). “Today we launch the Single African Air Transport Market, a major step forward for transportation. We are nearly …

Kampala, Uganda | ISAAC KHISA | Uganda’s financial market has been ranked 10th with a score of 47%, a head of Tanzania in the East African Community in the inaugural Barclays Africa Group Financial Markets Index 2017. The survey that was conducted in 17 African countries that account for 60% of …

Kampala, Uganda | THE INDEPENDENT | Top executives of Emirates and flydubai Airlines plan to offer travellers more connectivity and flight options in 2018, with new codeshare flights planned for various destinations across the globe including Entebbe. Both Dubai-based airlines currently offer customers with codeshares to 81 destinations. The partnership of …

  Kampala, Uganda | THE INDEPENDENT | In a bid to improve its visibility in the paint market, Sadolin Paint in partnership with Joseph Kanaaba, a local businessman has launched a colour center at Freedom City Mall along Entebbe Road. The spacious establishment will be home to all Sadolin products and …

Los Angeles, United States | California Governor Jerry Brown Friday signed an executive order detailing aims to have five million electric cars on the state’s roads by 2030 — by accelerating the production of such vehicles using financial incentives and rebates. The $2.5 billion, eight-year plan also involves the installation …

Kampala, Uganda | THE INDEPENDENT | Total Uganda has unveiled a new cashless payment solution for its customers as it strives to increase convenience at all its 128 service stations as well as enhance revenue growth. The new card that goes for Shs11, 800, will also enable customers pay for other …

Johannesburg, South Africa | AFP | Toyota South Africa Motors said Thursday it had issued a notice to recall more than 700,000 vehicles over airbag safety concerns, with some affected models dating back over 15 years. The Japanese carmaker said the recall was needed to replace front airbag inflators produced …

Lagos, Nigeria | AFP | A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200,000 barrels a day. The floating production storage and offloading vessel is docked in Lagos after spending …

Kampala, Uganda | THE INDEPENDENT | Sponsors and judges of the popular Uganda Best Farmer’s competition took off their suits and donned overalls on Thursday as they launched this year’s edition in Kiwenda in Wakiso district. “The first time we did this launch was in the boardroom with fruits on …