Business

Kampala, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Consortium (AGRC) posted a commitment bond of USD 2 million (over 7.4 billion Shillings) before it signed the Project Framework Agreement with the government for the oil refinery. Emerging information from the Directorate of Petroleum at the Ministry of Energy indicates …

Janat Museveni : Support skills training to empower youth Entebbe, Uganda | THE INDEPENDENT |  First Lady and the Minister of Education and Sports  Janet Kataha  Museveni has urged investors in the education sector from  Malaysia’s Limkokwing University of Creative Technology led by  the Vice President Dato Gail Phung to …

Fly on the wall at lunch between Mutebile and Kasekende Heated top executive meeting Kampala, Uganda | HAGGAI MATSIKO | It is 1:30 PM April 04. Governor Emanuel Tumusiime Mutebile, wearing a charcoal grey suit, white shirt and blue-checkered tie, is having lunch together with other bank executives in the Governors’ …

Kampala, Uganda | JULIUS BUSINGE | The cost of internet and related services could soon drop further if the proposed sector broadband policy is implemented, according to the Minister of Information Technology and Communications, Frank Tumwebaze. Tumwebaze, who spoke on the sidelines of the 19th ordinary session of the African Telecommunication …

Kampala, Uganda | THE INDEPENDENT | Barclays Bank of Kenya’s planned change of trade name to ABSA has run into strong headwinds after a local company went to court to stop the shift on grounds that it reserved and has been using the name for more than a decade, according to …

Kampala, Uganda | THE INDEPENDENT | It is exactly a year since the Rwandan government fired John Mirenge as the chief executive officer of national carrier, RwandAir, replacing him with Col Chance Dergano in an acting capacity. The good news now is that the national carrier has a substantial CEO following …

Kampala, Uganda | THE INDEPENDENT | The East African governments have been urged to use the Stock Exchanges to raise capital especially through issuance of large Initial Public Offers (IPOs) that can only come from the public sector. Geoffrey Odundo, the CEO for the Nairobi Securities Exchange (NSE), said there is …

Kampala, Uganda | THE INDEPENDENT | Safaricom- backed online taxi-hailing app Little Ride is set to unveils its services in Uganda mid next month, marking its first expansion outside Kenya. Little, developed by technology firm Craft Silicon, says it is in the advanced stages to rollout the tax-hailing app in Kampala. …

Kampala, Uganda | THE INDEPENDENT | In line with what it had promised earlier, Airtel Uganda handed over 100 goats to 50 girls in Moroto district in a bid to join in the fundraising campaign #GOATSFORGIRLS that aims at keeping young girls in the Karamoja region in school. The company said …

Kampala, Uganda | THE INDEPENDENT | The rise in fuel pump prices across the country is more of an international than a local problem, according to an official from Uganda National Oil Company. The official, speaking on condition of anonymity, cited higher global crude prices for the hike in prices though …