Business

Hanoi, Vietnam | AFP |  A former banking magnate and 50 others went on trial in Vietnam Monday over a multi-million dollar fraud at a major private bank, as the communist nation cracks down on corruption in the sector. Authorities have vowed to clean up an industry plagued by favouritism …

Lagos, Nigeria | AFP |  A Nigerian court seized $21 million on Monday from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune. Federal high court judge Abdulazeez Anka ordered the immediate forfeiture of 7.6 billion naira ($21 million, 17.9 …

  Nairobi, Kenya | AFP |  A ban on plastic bags came into force in Kenya on Monday in a bid to slow pollution, with offenders liable to jail time or hefty fines. The ban on the use, manufacture and importation of plastic carrier bags was carried through after the …

Kinshasa, DR Congo | AFP | Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said Monday. “We have decided on the temporary restriction of imports in the western part of …

Sandra Letio is the CEO of Pelere Group Limited. She spoke to The Independent’s Agnes E Nantaba about boosting local manufacturing in the cosmetics and personal care industry. What are the key elements in your management philosophy as a manager? As a manager, I am accountable to different people and …

But can the carrier survive with its low cost flights in East Africa and beyond? Kampala, Uganda | ISAAC KHISA |A low-cost carrier, Vule Airways, is set to fly out of Entebbe International Airport starting November subject to regulatory approval from the Civil Aviation Authority. Robert Mwesigwa, the co-founder and …

THIS WEEK: Uganda declared bird flu free Kampala, Uganda | THIS WEEK | Following a January outbreak of bird flu in parts of Wakiso and Masaka districts, neighboring countries including Kenya and Tanzania issued a trade ban on poultry products from the country until they are declared disease free. On …

Johannesburg, South Africa | AFP | A controversial online auction of rhino horn set to open Monday has been delayed by two days after a legal challenge delayed the South African permit for the sale, the organisers announced. Outraged conservationists say the three-day auctoin could undermine the global ban on rhino …

Tom Kiggundu is the Managing Director of Fotogenix Limited. He spoke to the Independent’s Agnes E Nantaba about changing trends in functional hire services industry. What are the key elements in your management style as a manager? Through personal observation over the years, I have come to the conclusion that …

A look at MTN, Airtel, Africell ahead of August SIM registration deadline Kampala, Uganda |ISAAC KHISA and JULIUS BUSINGE| MTN Uganda has recorded a surge in revenues for the six months ending June 30, signaling a possible rebound in the country’s telecom industry. According to the latest half year performance …