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Bitcoin falls below $5,000 for first time since Oct 2017

London, United Kingdom | AFP | The value of bitcoin slipped Monday below $5,000 (4,367 euros) for the first time since October 2017 as volatility returned to the cryptocurrency market. Data compiled by Bloomberg showed the world’s most popular virtual currency losing about 10 percent of its value from Friday …

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Jumia rewards winners for its Black Friday campaign

Kampala, Uganda | JULIUS BUSINGE | Four lucky customers for online shop company, Jumia have won themselves goods line up for Black Friday campaign, officials said on Nov.19. The items won included two television sets, a mobile phone and one fridge. The winners are: Luis Paul, Enoch Jacob Masinde, Richard Kalule …

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Vivo Energy launches new fuels

Kampala, Uganda | JULIUS BUSINGE | Fuel distributor, Vivo Energy Uganda has launched new fuels with additives to give motorists best and extra levels of performance. Speaking to motorists during a tour of the company’s depot in Namuwongo near Kampala city on Nov.12, Gilbert Assi, the company’s managing director said the …

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New app to boost market women

Busy customers will no longer have to drive to markets for foodstuffs Kampala, Uganda | IAN KATUSIIME | A new app to be launched next month will boost the fortunes of market women who operate in areas like Nakawa, Kalerwe, Ntinda and Nakasero. The app is meant to eliminate the role …

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ICPAU names NSSF winner of top financial award

Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) was on Nov. 14 declared the overall winner of the 2018 financial reporting awards organised by the Institute of Certified Public Accountants of Uganda (ICPA-U) at Serena Hotel, beating several other participants. The organisers said the Fund won because …

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MTN unveils Shs1bn fund for innovators

Kampala, Uganda | JULIUS BUSINGE | Wim Vanhelleputte, the MTN Uganda CEO says that they have committed Shs1billion commitment towards the MTN Startup Fund which forms part of their ambition to continue supporting local innovators. In a press release, Vanhelleputte encourages as many startups as possible to participate in the several …

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Liquid Telecom partners with Kymeta

New partnership announced at AfricaCom 2018 brings together Liquid Telecom’s award-winning VSAT service with Kymeta’s high throughput satellite communication system Kampala, Uganda | THE INDEPENDENT | Leading pan-African telecoms group Liquid Telecom is extending its award-winning VSAT service through a new partnership with Kymeta, enabling it to deliver enhanced satellite mobile …

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Kampala divisions get UGX 37 billion

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority (KCCA) has allocated 37 billion shillings to divisions in the 2019/20 financial budgeting process. This is the first time that KCCA has created budget votes for the divisions since its creation in 2011. The division mayors have been lobbying for creation …

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