Business

NEW YORK, the United States | TASS | The US-Ukraine agreement on mineral reserves, if signed, will be somewhat similar to the penal agreements that European colonizers made with the peoples of African countries, Bloomberg reports. According to the agency, the US access to Ukrainian subsoil resources is now taking “a form …

Hoima, Uganda | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) Ltd, the company established to construct and operate the 1,443km long East African Crude Oil Pipeline, has joined hands with the Hoima Catholic Diocese to support the Running Out of Trees (ROOTS) campaign. The campaign targets the …

KAMPALA, UGANDA | THE INDEPENDENT | Excitement filled the air today as Vivo Energy Uganda, the company distributing and marketing Shell-branded fuels and lubricants, rewarded the first 30 weekly winners of its ongoing “Omunene W’ekkubo” (Big One on the Road) campaign. The initiative, designed to celebrate and reward Uganda’s hardworking …

Uganda Breweries Limited commissions mini-water scheme, hand pump worth over sh190 Million in Kibasi Town, Kabarole District.   Kabarole, Uganda | THE INDPENDENT  | Uganda Breweries Limited (UBL) has handed over a sh190 million solar-powered mini-water scheme in Hakibale Village and hand pump in Bulera Village, Kibasi Town Council, Kabarole District, …

KAMPALA, UGANDA | THE INDEPENDENT | The Government has commenced the process to institute a new Board of Directors of Uganda Airlines Company Ltd, following the expiry of the current board. The current and first substantive board was inaugurated on April 1, 2022, replacing the interim board that had been …

Fort Portal, Uganda | THE INDEPENDENT | In a bold move to combat Uganda’s soaring road traffic accidents, Watu Uganda has launched “Watu Shule,” a specialized motorcycle riding school in Fort Portal City today (April 11). The initiative is designed to deliver high-quality, structured training to boda boda riders—who remain …

  A new GSMA report confirms Africa’s leadership in digital payments, with the continent accounting for 53% of global mobile money accounts last year and over US$1 trillion in transactions. Contributing US$190 billion to GDP, Africa’s mobile money ecosystem has evolved into a robust and mature digital payment infrastructure. SPECIAL …

KAMPALA, UGANDA | THE INDEPENDENT | The cybersecurity war between legitimate content providers and the criminal gangs running illegal pirate streaming services is heating up. Technology now allows for pirate syndicates and users to be tracked, blocked and prosecuted. But the real war is to ensure that African storytellers have …

KAMPALA, UGANDA | THE INDEPENDENT | Pesapal Uganda has entered into a strategic partnership with Housing Finance Bank (HFB) to accelerate Uganda’s transition toward a cashless economy. As announced today (April 10), the collaboration will see the integration of Pesapal’s suite of payment solutions—including point-of-sale (POS) terminals and e-commerce platforms—into …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Insurance Industry has been advised to focus on cheap and convenient means of payment for services to boost penetration. Dr Augustus Nuwagaba, the Deputy Governor of the Bank of Uganda, says all industries today are innovating in payments, primarily through digitisation, because the …