Kampala, Uganda | THE INDEPENDENT | A company in Shandong province, China, has come under fire for forcing six of its employees to crawl through the streets on their hands and feet as punishment for not meeting sales targets. The humiliating procession reportedly took place in the city of Zaozhuang on …
Read More »Rwand Air appoints an agent in Australia
Kampala, Uganda | THE INDEPENDENT | Rwanda’s national carrier, RwandAir, has appointed Airline Rep Services a General Sales Agent (GSA), a company division of the CVFR Travel Group as its representative for the region of Australia and New Zealand. The airline’s CEO, Yvonne Manzi Makolo, said the deal was accomplished …
Read More »British solar firm secures US$31million for expansion
Kampala, Uganda | THE INDEPENDENT | British renewable energy firm, BBOXX, has secured $31 million investment from the Africa Infrastructure Investment Managers (AIIM) fund for African expansion. The firm said it will also use the cash to roll out its solar platform that incorporates photovoltaics, battery systems, real-time analytics and the …
Read More »Sanlam to pursue bond default directors
Kampala, Uganda | THE INDEPENDENT | Sanlam Kenya now wants directors of companies that defaulted on Ksh1.15 billion through corporate bond issues held personally liable for “misleading” the investment firm, according to Business Daily. CEO Patrick Tumbo said the company will take legal action against firms such as Kaluworks, a …
Read More »MPs discuss roads amendment bill, consider expanding reserves
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have welcomed a proposal by the government to expand the size of road reserves from the current 15 to 40 meters. The proposal is embedded in the Roads amendment bill 2018, which also seeks to reform laws relating to the development, …
Read More »MUASA president responds to his suspension
Kampala, Uganda | THE INDEPENDENT | Chairperson Makerere University Academic Staff Association (MUASA), Dr Deus Kamunyu has said his Jan.17 suspension letter from Vice Chancellor Prof. Barnabas Nawangwe wasn’t a surprise. “I received electronic news of my suspension letter as a lecturer in the department of forestry. I received it with …
Read More »Government moves to regulate arts industry
Kampala, Uganda | THE INDEPENDENT | A list of ten rules and regulations have been set by the Ministry of Gender, Labor and Social Development to be followed by musicians and others in the arts industry to follow when releasing their works to the public. Among them is having the works …
Read More »IN THE INDEPENDENT: Museveni’s BoU probe details leak
Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY Museveni’s BoU probe details leak: IGG accused, Mutebile, Kasekende under fire THE LAST WORD URA’s unnecessary headquarters: Why government of Uganda’s approach of owning buildings to save on rent is economically unproductive MOTORING Stolen …
Read More »Behind Bitcoin’s collapse
The real cost of the digital cryptocurrency’s fall from grace Kampala, Uganda | THE INDEPENDENT | Bitcoin hit its highest valuation a year ago, reaching above £15,000 on some exchanges. Since then, a unit of the cryptocurrency has dropped 80% and is valued at less than £3,000. According to Sky …
Read More »Understanding Blockchain
ANALYSIS: Bitcoin is often confused with blockchain which is the technology on which the cryptocurrency is based Kampala, Uganda | Morris Borris Atugonza | A blockchain is a database that is shared across a network of computers. Once a record has been added to the chain it is very difficult to change it. …
Read More »