More storage facilities in offing as private players increase storage capacity to match the growing demand Kampala, Uganda | JULIUS BUSINGE | With the current expansion of Uganda’s industry and manufacturing, transport, and services sectors in addition to a rapidly growing population,which are key consumers of petroleum products, one key question …
Read More »UTL sale proceeds to pay creditors, Libyan investors
Kampala, Uganda | ISAAC KHISA | Uganda government plans to use the money it will get from the sale of a stake in the embattled telecom firm, UTL, to settle Libyan government and other debts. The Libyan government through a private company, Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) …
Read More »Kasekende, Bagyenda, Mutebile fight isn’t helpful
Saving Bank of Uganda: Why Kasekende, Bagyenda, Mutebile fight isn’t helpful Kampala, Uganda | HAGGAI MATSIKO | Bank of Uganda (BoU) is under fire as its top managers; Governor Tumusiime Mutebile, the Deputy Governor Louis Kasekende, and the Director Supervision Justine Bagyenda, fight each other amidst accusations of incompetence and abuse …
Read More »Mammoth skeleton sells for nearly 550,000 euros at French auction
Lyon, France | AFP | The nearly intact skeleton of a woolly mammoth that lived at least 10,000 years ago was sold at auction for more than a half million euros Saturday in the southeastern French city of Lyon. The giant skeleton — mounted in a forward walking position with …
Read More »Uganda to benefit from cheaper, de-risked World Bank financing
KAMPALA | THE INDEPENDENT | Uganda is one of several countries in Sub-Saharan Africa that stands to benefit from a new World Bank financing facility that aims to support private sector access more affordable capital for investment. Under the 18th replenishment of the International Development Association (IDA18) – the World …
Read More »Facebook moves to make more video ad money
San Francisco, United States | AFP | Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube. The leading social network will next year test showing short ads before videos on a new ‘Watch’ section devoted to just that …
Read More »British city refuses licence for Uber
London, United Kingdom | AFP | The city of York in northern England has refused to grant US ride-hailing app Uber a licence to operate, creating more headaches for the company in Britain after a similar move by regulators in London. The city’s council explained its decision on Tuesday by citing …
Read More »Chinese auto giant to end petrol vehicle sales by 2025
Beijing, China | AFP | One of China’s largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country’s roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase …
Read More »Once declining fish stocks in Lake Victoria bounce back
UPDF deployment cited in the reduction in illegal fishing Kamapla, Uganda | ISAAC KHISA | Fish lovers can now enjoy the succulent white flesh of Nile Perch or Tilapia from Lake Victoria as the stocks recovers since the Uganda People’s Defence Forces under the Fisheries Protection Unit began policing the water …
Read More »Uganda pushes for conclusion of Doha round of negotiations
Kampala, Uganda | GODFREY SSALI | Uganda has objected to the introduction of new issues in the World Trade Organization negotiations before the completion of the negotiations on issues in the Doha Round of negotiations. Speaking during the meeting for the African Group in the ongoing 11th WTO Ministerial conference in …
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