Business

Kampala, Uganda | JULIUS BUSINGE | Sadolin Paint injected Shs 50 million in the just concluded Uganda Society of Architects Annual General Meeting (AGM), a move that company officials said would boost the association’s work thereafter. Speaking to The Independent on the sidelines of the AGM at Pearl of Africa Hotel …

THIS WEEK: CIC Insurance to sell insurance in the extractive industry Kampala, Uganda | THE INDEPENDENT | Regional insurance firm, CIC Insurance,   is set to unveil a comprehensive cover targeting mining, oil and gas industry players, according to Kenya’s Business Daily. Group general manager for marketing and distribution, Joseph Kamiri, said …

Kampala, Uganda | THE INDEPENDENT | Jeff Bezos broke the $100 billion (Approx. Shs364 trillion) mark for the first time on Nov.24 – one month after he officially became the richest man in the world. Bezos, 53, had flirted with the top spot earlier in the year but inconsistent shares meant …

THIS WEEK: Airtel rewards more in Yoola Amajja promo Kampala, Uganda | THE INDEPENDENT | On Nov. 24, Airtel Uganda awarded more customers in its Yoola Amajja promotion for the third draw. Isaac Sententembe, a mechanical engineering student at Bugema University won Shs1.1 million. Sententembe said he would use his …

THIS WEEK: MTN, Fero Mobile unveil new smart phone Kampala, Uganda | THE INDEPENDENT | MTN Uganda has partnered with Fero Mobile to unveil an entry-level smartphone onto the Ugandan market. “If you were looking for the perfect gift this Christmas, why not gift a Fero? Even with internet connectivity …

Kampala, Uganda | THE INDEPENDENT | Bank of Africa in partnership with I profile have this week concluded a 30 day long program dubbed ‘Koin Challenge’ aimed at instilling the culture of saving in children. The program saw participation of 13 schools in Kampala and Sembabule districts with over 320 participants …

Kampala, Uganda | JULIUS BUSINGE | Liquid Telecom in partnership with Financial Sector Deepening Uganda will Thursday Nov.30 launch Data Hack4FI competition at an innovations hub – Innovation Village. Liquid telecom will showcase its products to the public at the hub located in Ntinda, a Kampala suburb. Officials from the two …

Singapore, Singapore | AFP | Bitcoin broke through the $10,000 barrier for the first time on Wednesday as it continues a stratospheric rise that has delighted investors but sparked fears of a bubble. The virtual currency hit a high of $10,379 in Asia, according to Bloomberg News, more than 10 times …

Why Uganda needs to attract new investors to consume excess electricity Kampala, Uganda | JULIUS BUSINGE | On Nov. 16, power distributor, Umeme Limited held a media dialogue in Kampala where top managers – Selestino Babungi (managing director) and Sam Zimbe (deputy MD) answered questions about their work since 2005. The …

Kampala, Uganda | ISAAC KHISA | Uganda’s balance of payment deficit has remained wide for some time now but there are signs that the gap will soon be reduced as the government issues licenses to developers in Free Zones. Free Zones are geographic areas where raw materials and goods may be …