London, United Kingdom | AFP | The Nigerian government is taking oil giants Shell and Eni to court in London, requesting the return of $1.1 billion (969 million euros) as part of a case of alleged corruption dating back to 2011, Bloomberg reported on Thursday. Nigeria alleges that the money …
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Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent opened on Dec.02 in Cairo, Egypt, with the President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …
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Washington, United States | AFP | Apple announced Thursday it will build a $1 billion campus in Texas as part of a nationwide expansion. The facility will be less than a mile from the tech giant’s existing facility in Austin and initially accommodate 5,000 additional employees, with room to grow …
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Kampala, Uganda | THE INDEPENDENT | The presence of speculators in Karamoja is hampering the development of the mining sector in the region. This was revealed during the Mining Symposium organized by Ecological Christian Organization, ECO in Moroto on Wednesday. Jackson Angella Nawot, an elder and vice chairperson of Moroto District …
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Nairobi, Kenya | AFP | Tanzania on Wednesday awarded a $3-billion (2.64-billion-euro) contract to two Egyptian firms to build a hydro-electric dam in a renowned nature reserve. The 2,100-megawatt scheme will straddle the Rufiji River in the Selous Game Reserve, a 50,000-square-kilometre (19,000-square-mile) protected area which was designated a UNESCO …
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Kampala, Uganda | THE INDEPENDENT | Ugandan manufacturers want Uganda Revenue Authority (URA) to explain what the DTS would achieve if a manufacturing sub-sector has no counterfeits. They want URA to show if the DTS will increase revenue collection and compliance considering that the formal manufacturers are already compliant, and show …
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Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) has summoned auditors of Price Water Coopers (PWC) to explain how they came up with 239 billion shillings under capitalization of Crane Bank Limited. Price Water Coopers auditors were hired by Bank of Uganda to …
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Kampala, Uganda | THE INDEPENDENT | President, Yoweri Museveni has rejected a petition by Isabaruuli Constantine Mwogezi Butamanya, the cultural leader of Buruuli Chiefdom to stop operations against illegal fishing practices on Lake Kyoga. In 2017, Museveni deployed 12 soldiers under the Fisheries Protection Unit on Lake Kyoga to combat illegal …
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Kampala, Uganda | THE INDEPENDENT | Kilembe Investments Limited (KIL) is stuck with more than 100,000 of her shares worth more than 1 billion shillings. KIL is a power distribution company operating within Kasese, Rubirizi and Sheema districts. It was founded in 1997 as a power company limited by shares. According …
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Kiruhura, Uganda | THE INDEPENDENT | Celebrated dairy farmer (Rtd) Colonel Dick Bugingo has hailed SNV Uganda and the Netherlands Embassy Kampala for supporting private sector initiatives which are critical for the economic development of the sector. Bugingo, Western Uganda’s Best Farmer 2014, made the remarks November 26 when his AGDI dairy …
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The Independent Uganda: You get the Truth we Pay the Price
