Business

Anwar Soussa is the managing director for Airtel Uganda. He spoke to The Independent’s Julius Businge about Airtel business and Uganda’s telecom sector. You have been here for a year now as the Airtel MD. What is your general assessment of the telecommunication business in Uganda? Telecommunication business in Uganda …

How BoU is overseeing the biggest asset grab ever Kampala, Uganda | HAGGAI MATSIKO | On July 3, Crane Bank which is under receivership by Bank of Uganda (BoU) sued its former owner, Sudhir Ruparelia, and a company called Meera Investments Ltd also owned by Sudhir in what might turn …

San Francisco, United States | AFP |  Microsoft on Thursday reported that its quarterly earnings was lifted on the back of its shift to focusing on computing services hosted in the internet cloud. The US technology giant said it made a profit of $6.5 billion in the recently ended quarter …

Government sets terms for Nakumatt to pay suppliers Kampala, Uganda | JULIUS BUSINGE |Government of Uganda through the Ministry of Trade has given Nakumatt Holdings, a regional retail chain up to end of this month to have secured an investor to clear arrears for suppliers and landlords . In an …

Kampala, Uganda | GODFREY SSALI | MasterCard and Centenary Bank  have unveiled a personalized debit card in Uganda dubbed the Masterpass QR. The unique MasterCard card can be customized with elements such as images, colors and more. The launch of the product in partnership with UBA is in harmony with MasterCard’s vision to advance …

Kampala, Uganda | THE INDEPENDENT REPORTER |  Members of Parliament on the committee on Commissions, Statutory Authorities and State Enterprises (COSASE) have disagreed with Kampala Capital City Authority on its call to amend the law exempting people residing in their properties within Kampala from paying property rates. The MPs led …

In the Independent this week: BOU’s war with Sudhir and how the central bank’s handling of the problems of Crane Bank showed lack of imagination and strategy. COVER STORY Secrets of Sudhir saga: How BoU is overseeing the biggest asset grab ever. THE LAST WORD BOU’s war with Sudhir: How …

Benghazi, Libya | AFP | The head of Libya’s National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million barrels per day by the end of 21017. NOC president Mustafa Sanalla said, however, that “despite a surge of more than one million bpd” oil production would …

Gahara, Rwanda | AFP | Inside a metal shed in southeastern Rwanda, Nicholas Hitimana brandished a plastic container holding a green liquid: geranium essential oil, freshly distilled and ready for export at more than $200 (175 euros) a kilo. The pioneer of essential oils in Rwanda, Hitimana said he understood …

Kampala, Uganda | ISAAC KHISA | African countries are currently having trouble releasing their biotech crops popularly known as Genetically Modified Organisms (GMO) to farmers, but scientists seem to be embracing a new strategy to ensure that there exist relevant regulatory systems. On July 18, the biosafety agencies and partners across …