Business

Angola becomes the 35th African member to join a global group that addresses offshore tax evasion, demonstrating the growing resolve of African governments to fight tax evasion and illicit outflows – including of natural resources and wildlife Luanda, Angola | BIRD AGENCY | Angola is on a mission to be …

Lira, Uganda | THE INDEPENDENT | Three residents of Lira City West Division are in police custody for vandalizing electric wires from the Karuma power transmission line. Two of the suspects are Hammed Hajjala,58, and Muhammed Okello 50. The third suspect is a teenager, whose identity has been witheld by …

  Airtel Money maintains “Big Cut” on transaction charges for sending money to other Networks in East Africa and the rest of the world by up to 95% Kampala, Uganda | THE INDEPENDENT |  Airtel Mobile Commerce Uganda Limited (AMCUL) has maintained a “big cut” on transaction charges for sending …

Hydropower projects in the pipeline will nearly double Africa’s installed capacity by 2037, as Africa looks to dams for green power, water supply and agriculture. Dar es Salaam, Tanzania | BIRD AGENCY | Several African countries are ramping up the construction of new hydroelectric projects and expanding the capacity of …

  Facilities are meant to reduce transport costs of petroleum products Kampala, Uganda | IAN KATUSIIME | Member States party to the Northern Corridor Transit and Transport Agreement (NCTTA) have agreed to cooperate to promote the use of the Kawuku oil jetty in Uganda and the Kisumu oil jetty in …

  Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda (PSFU) in partnership with Mastercard Foundation successfully hosted its second annual Women’s Day Katale at the UMA Multi-purpose Hall on March 10-11, 2023. The event was aimed at empowering, and recognizing the contribution and potential of women and …

Partnership focuses on transforming activities in culture, sports, health, education, digital and financial inclusion Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has extended its partnership with Buganda Kingdom for another three years. The contract renewal was announced Thursday at Bulange in Mengo. Since 2014, Buganda Kingdom in collaboration with Airtel …

Kampala, Uganda | THE INDEPENDENT | UAP Insurance Company Limited is breathing a a sigh of relief after the Court of Appeal sitting in Kampala quashed an order by the High Court to pay National Housing and Construction Company Limited 6.788 Billion Shillings over a breach of contract. UAP insurance …

BOU clarifies that currency notes bearing Dep Governor’s signature are genuine Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has clarified on the Deputy Governor’s signature on currency notes, allaying fears that the notes could be fake. Since last month, pictures of currency notes bearing the signature of Dr …

Kampala, Uganda | THE INDEPENDENT | Bujagali Energy Limited (BEL) will refund US$342 million to the Ugandan government for overpaid fees subject to a forensic audit by the Attorney General. This is after Parliament chaired by Speaker Anita Among on Wednesday, 15 March 2023 adopted the report of the Adhoc …