TradeMark East Africa invests US$117 bn in customs facilities Kampala, Uganda | JULIUS BUSINGE | Doing business in East Africa has improved in the recent years with the operationalization of the One Stop Border Points (OSBP). TradeMark East Africa (TMEA), through funding from UK’s Department for International Development (DFID) and Global …
Read More »MUSEVENI: India and Africa can complement each other very well
Kampala, Uganda | PPU | President Yoweri Museveni has advised prospective investors to target investing in areas of agro-processing and value addition to minerals like phosphates, in Uganda. The President was addressing a business conference of the Confederation of Indian Industry (CII)-Exim Bank Regional Conclave on India-East Africa Partners in …
Read More »UTL on route to recovery
UTL: Managers say revenue is up 7% monthly Kampala, Uganda | ISAAC KHISA | It has been turbulent times for the Uganda Telecom Ltd in the past few years but there are signs that it is finally turning things around since government placed it under provisional administration six months ago. Once …
Read More »Behind Magufuli, Museveni deals
How US$7bn deals are reshaping relations in the region Kampala, Uganda | HAGGAI MATSIKO | If President Yoweri Museveni has a best buddy amongst his East African counterparts, it might as well be Tanzania’s John Pombe Magufuli. When they are not sharing a hearty laugh at an African Union meeting in …
Read More »Uber imposes waiting fee on Ugandan riders
Kampala, Uganda | THE INDEPENDENT | Are you a user of Uber in Uganda? Show up on time or pay a penalty. Ride-hailing service, Uber, now says it has begun charging passengers a late fee per minute dubbed Paid Wait Feature, if their drivers are kept waiting for more than five …
Read More »NSSF in capacity building drive
Kampala, Uganda | THE INDEPENDENT | Uganda’s pension fund plans to equip leadership skills to most of its employees as part of the effort to achieve a Shs20bn target in contribution by 2025. This follows graduation of 132 of its staff on Nov. 08 upon completion of the 8 month leadership …
Read More »Stanbic, NSSF and Umeme sweep 2017 Financial Reporting Awards
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited won this year’s Gold Award for the 7th edition of the 2017 Financial Reporting (FiRe) Awards organized by the Capital Markets Authority, the Institute of Certified Public Accountants of Uganda, Uganda Securities Exchange and media company – New Vision. The National …
Read More »DFCU sinks Shs 300mn in Vipers SC
Kampala, Uganda | THE INDEPENDENT | Top officials of DFCU Bank and Vipers Sports Club signed MoU’s on Nov. 08 in Kampala to pave way for sponsoring of the latter with cash amounting to Shs300million in the next two years. William Sekabembe, DFCU’s chief of business and executive director said this …
Read More »Sadolin Uganda trains painters
Kampala, Uganda | THE INDEPENDENT | On Nov. 08, Sadolin Paint Uganda hosted 200 painters to a workshop in Kampala to equip their painting skills. The one day training saw the painters awarded certificates of training for their participation and painting tools in giveaways such as brushes, paint and mobile phones. …
Read More »Tintin and Snowy drawing sells for 500,000 euros
Paris, France | AFP | A colour drawing of Tintin and his faithful canine companion Snowy sold at a Paris auction on Saturday for more than half a million euros. The India ink and watercolour image, which went under the hammer for 505,000 euros ($595,000), shows the intrepid pair in …
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