Geneva, Switzerland | AFP | The aviation industry is set to post record net earnings this year and is expected to remain profitable in 2017, despite rising oil prices and global political turbulence, its trade association said Thursday. “Airlines continue to deliver strong results. This year we expect a …
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VIDEO: Parliament has issued a 14 days ultimatum to Chinese investors dealing in petty business down-town Kampala to vacate their business for violating licensing procedures. But Trade, Industry and Cooperatives Minister Amelia Kyambadde said the committee’s decision is uncalled for, thus asking parliament to extend the deadline given to Chinese in …
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Beijing, China | AFP | Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace. A 10-gigabyte file posted on the internet exposed the personal details of more …
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Frank Sebbowa is the outgoing Executive Director of Uganda Investment Authority. He spoke to Ian Katusiime about his accomplishments and investment issues. What are some of the achievements you registered at UIA? For the four years I was at UIA, I brought calm to the organisation. There was a lot …
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Royal Van Zanten chemical poisoning common, say workers’ rights groups “That one flower, for a new girlfriend or a father, a colleague’s birthday or a grandmother, often means more than all the bunches put together. It’s not about the numbers, the colours or sizes. It’s about the love and passion …
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Experts tell Museveni, Mutebile, Muhakanizi President Yoweri Museveni’s unchecked spending and the Ministry of Finance and Bank of Uganda efforts to clean have created a lope-sided economy that is hurting everyone. That is the view of several economists interviewed by The Independent. Dr. Lawrence Bategeka, formerly a researcher at the …
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Tanzanian based -lowcost carrier Fastjet has announced plans to cut flights in East Africa starting this month as part of a route rationalisation exercise meant to match frequencies and customer demand. Fastjet, which launched direct flights between Dar es Salaam and Entebbe International Airport in 2014, says “rationalisation” of its …
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Bank of Uganda has moved to assure customers that Crane Bank will not collapse in spite of its current challenges. BoU took over the management of Crane Bank on Oct 20 citing under-capitalization. Speaking during the Annual Bankers Dinner in Kampala, BoU Governor Emmanuel Tumusiime-Mutebile (Pictured) said that it was …
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Lagos, Nigeria | AFP | Nigeria and Morocco are in talks over a huge project to extend a West African gas pipeline to stretch up towards Europe, officials say. Nigerian Foreign Minister Geoffrey Onyeama said in a government video posted on Twitter on Friday that the pipeline would “go along …
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Algiers, Algeria | AFP | Algeria’s premier said Saturday regional trade in Africa was much lower than in other continents as the oil exporter seeks to diversify its revenue stream because of low crude prices. Regional trade makes up only 10 to 12 percent of international commerce for African countries …
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The Independent Uganda: You get the Truth we Pay the Price