Kampala, Uganda | THE INDEPENDENT | Dec. 15: Miss Uganda Quiin Abenakyo was crowned Miss World Africa at the 2018 Miss World finale in China. Quinn is the first Miss Uganda to make it to the top 5 finalists. The Miss World title went to Mexico’s Vanessa Ponce de Leon with …
Read More »EU boosts Uganda’s coffee sector
Kampala, Uganda | THE INDEPENDENT | Uganda’s coffee sector has 3.7million Euros boost to help increase market access to the largest and most lucrative markets in the world. The EU accounts for 30% of the annual global coffee consumption. Finance Minister, Matia Kasaija said, “This intervention will in return help improve …
Read More »Maiden Intra-African Trade Fair held in Egypt
Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent was held in Cairo, Egypt, between Dec.11-17, with the President of the African Export-Import Bank, Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …
Read More »Could 2018 be Uganda’s healthiest year?
A look at incidence of hemorrhagic fevers, typhoid, HIV/AIDS, malaria Kampala, Uganda | FLAVIA NASSAKA | As 2018 ended, the Minister of Health Dr. Jane Ruth Aceng, was on Dec.05 in Goma city in the neighboring DR Congo on invitation from her counterpart; Minister Sem Llunga. Llunga must have noticed that …
Read More »Shoprite opens first outlet in Kenya
Kampala, Uganda | THE INDEPENDENT | South African retailer, Shoprite, has taken over space which was vacated by Nakumatt supermarkets at Westgate Mall in Nairobi, becoming the anchor tenant at the shopping complex. Kenya’s Business Daily reported on Nov. 14 that Shoprite store located at the mall’s ground floor will be …
Read More »Uber unveils phone service to users
Kampala, Uganda | THE INDEPENDENT | Taxi hailing company Uber has introduced a 24-hour telephone support service on its app owed to increased demand. Previously, they had to rely on the US firm’s in-app messaging service for assistance or were forced to visit the Uber website for help. “Our new 24/7 …
Read More »Dfcu gets US$30m for SME
Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …
Read More »RwandAir seeks approval to run-Accra-New York Route
Kampala, Uganda | THE INDEPENDENT | Rwanda’s national carrier, RwandAir, hopes to use the West Africa hub of Accra to feed its direct flights to the US once it gets the final approval from the Ghana Civil Aviation Authority (GCAA) and the US Federal Aviation Agency (FAA). A statement from the …
Read More »Fall of the legends
From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …
Read More »Museveni’s anti-graft crusade
Why the president’s efforts against corruption may be politically appealing but are strategically of little value THE LAST WORD | ANDREW M. MWENDA | Last week, President Yoweri Museveni launched an “anti-corruption unit” in his office. This is one in many efforts the president has tried and failed in the last …
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