Business

Nairobi, Kenya | AFP | Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa. The German car manufacturer’s move into East Africa comes just weeks after it signed …

Brussels, Belgium | AFP |  Soft drinks giant Coca-Cola has agreed to pay more than three billion dollars to recently-merged AB InBev for control of Africa’s biggest soft drinks bottling company, both companies said Wednesday. On merging with SABMiller in September, Belgian-Brazilian giant AB InBev found itself with 54.5 percent …

The parliamentary probe into the alleged mismanagement of Uganda Telecom Limited (UTL) has today grilled the company’s top managers. The probe heard of the mounting debts UTL is facing and the absence of audits. UTL owes Uganda Communications Commision (UCC) sh27 billion, and MTN Uganda sh3.5billion. The probe committee asked …

Without a survey of the actual fish stock, fisheries managers focus on what they get out to ensure sustainability For some time now, fish catchers, processors, traders and government officials involved in Uganda’s fish sector have been saying that fish stocks in Lake Victoria are declining. The problem appears to …

Festive season and prolonged drought push prices high This year’s Christmas may not be merry as many could hope as prices for specific basic commodities increases ahead of the big day, The Independents analysis shows. The price of sugar has increased from Shs 3, 200 to Shs 5,000 per kilogramme …

VIDEO:  Uganda Telecom Company is in the spotlight for reportedly operating outside the law, with Uganda Communications Commission saying it should have been closed. Uganda Communications Commission executive director Eng. Godffrey Mutaabazi says the company’s license needed to have been revoked earlier. Mutabazi was appearing before a parliament select committee …

 What key areas does your work portfolio focus on? When the Telecom duopoly was de-regularised in 2006, we were the first company to get a licence. We started the business as wholesalers of voice and data under the capacity re-sell licence. We spent the first three years doing only that. …

New regulations hamper businesses in nation’s capital In the past, downtown Kampala has always been the busiest place in the nation. Usually crowded streets like Nabugabo Road, Kikuubo, Ben Kiwanuka Street and Luwum Street become impassable as pedestrians jostle to find a way through the Christmas-themed goods on display. This …

  Bukavu, DR Congo | AFP |  At least 20 people were killed in a gold mine collapse in the Democratic Republic of Congo, a local minister said on Sunday. The deaths occurred overnight at a mine in South Kivu region in the east of the country, the province’s mines …

Legislators sitting on the parliamentary committee of trade recently clashed with Trade Minister Amelia Kyambadde over the presence of Chinese traders still involved in petty trade. The follow decisions reached earlier that that the foreign traders either set up bigger businesses or leave the country within 3 months. Kyambadde whose …