Business

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …

  After formally bagging the new oil pipeline from the Ugandan oilfields through Tanzania to the port of Tanga, yet more good news emerged for Tanzania today. The proposed railway extension from the inland dry port of Isaka to Kigali and Bujumbura will after all be built, providing a safe, …

Riyadh, Saudi Arabia | AFP | Saudi Arabia said Monday it would create the world’s largest wealth fund and sell shares in state energy giant Aramco as it unveiled a vast plan to transform its oil-dependent economy. The announcement of the long-term reform programme, dubbed “Saudi Vision 2030”, marks the …

Uganda has been classified as one of those countries with a low saving culture. However, a new study on Mobile Money and Individual Savings in Uganda carries some optimism. In Musa Mayanja Lwanga and Annet Adong’s paper; “A Pathway to Financial Inclusion”, mobile money could affect people’s attitudes towards saving. …

Uganda agrees with Kenya to develop the oil pipeline route to the port of Tanga while Kenya develops the Lamu route. — Richard Kabonero (@richardkabonero) April 23, 2016 The 13th Summit of the Northern Corridor Integration Projects concluded today with the surprise decision by the regional leaders to give a go ahead …

Norwegian firm SN Power set to consolidate position in Ugandan economy, writes Isaac Khisa SG Bujagali Holdings Ltd, a company incorporated in Mauritius and which partially owned interests in the 250MW Bujagali hydropower project is bowing out. The firm, an affiliate of Sithe Global Power, part of Blackstone Group, the …

On 13th of March, a number of stakeholders came together for a validation workshop. The workshop was regulatory impact assessment for the National Fertilizer policy for Uganda. As she opened the workshop, Dr. Sarah Ssewanyana, the executive director of EPRC revealed that there was need to increase fertilizer usage by …

Madrid, Spain | AFP | Spanish judicial authorities revealed Friday that the “ghost airport” of Ciudad Real, a symbol of the country’s financial excess in the boom years, had been sold off for 56 million euros ($62 million). Spain’s construction and property sectors boomed until the downturn hit seven years …

History was made today when the treaty of accession of the republic of South Sudan into the East African Community was signed in Dar es Salaam, Tanzania. @RepSouthSudan now Officially in EAC? pic.twitter.com/0wpAmf169t — EastAfricanCommunity (@jumuiya) April 15, 2016 Dr John Pombe Joseph Magufuli, president Tanzania and chairperson of the …

By the Independent Team It was not failure to get a job that pushed William Musimenta into taking on a welding and fabrication.  It was rather passion and the need to explore his innovation and art skills in the industry.  “Some of the existing fabricators either lacked the quality aspect …