Business

Kampala, Uganda |  THE INDEPENDENT | The Final Investment Decision for Uganda’s Oil and Gas refinery project is set for June, this is according to the Ministry of Energy and Mineral Development. The refinery was one of the three projects mooted more than a decade ago, but little has been said …

Arua, Uganda | THE INDEPENDENT | The Uganda Revenue Authority-URA is to start joint enforcement operations targeting the illegal sale of fuel in the West Nile region. Across major towns in the West Nile region, fuel especially petrol is being sold openly in small jerry cans mainly by the youth on …

  Kampala, Uganda | Julius Businge | Britam Insurance Company (Uganda) Limited and Britam Asset Managers Company (Uganda) Limited have noted baseless rumours about a potential exit of the company from the Ugandan market, executives said in a press statement dated Jan.20. The statement adds: “Britam Uganda, through its holding company …

Addis Ababa, Ethiopia | Xinhua | The implementation of the African Continental Free Trade Area (AfCFTA) agreement should be expedited as the free trade zone will boost intra-African trade and accelerate industrialization, the UN Economic Commission for Africa (ECA) Acting Executive Secretary Antonio Pedro has said. “While the AfCFTA’s promise is …

Kampala, Uganda | THE INDEPENDENT | The ongoing saga at the National Social Security Fund (NSSF) took yet another turn Thursday when Speaker of Parliament Anita Among formed a select committee to investigate claims of corruption and infighting at the fund. She said she was doing this to help restore public faith in …

From Tik Tok to Facebook, Instagram to YouTube, tech-savvy farmers are harnessing the power of the internet to network, share knowledge, and sell products and services. Nairobi, Kenya | BIRD AGENCY | Francis Muiruri, a 31-year-old Kenyan farmer, has found a new income stream on social media; selling information. As …

  Content creators from Kenya, Nigeria and South Africa dominated the inaugural TikTok Top Content Creators Awards 2022 Nairobi, Kenya | BIRD AGENCY | Former rugby player turned food vlogger Dennis Ombachi, also known as @theroamingchef, emerged victorious at the inaugural TikTok Top Creator 2022 Awards. The Kenyan content creator, …

Rocket Health appoints Dr. Kitulu as board chairperson and Stephen Dimba Odhiambo as Chief Commercial Officer Kampala, Uganda | THE INDEPENDENT | Leading telemedicine provider Rocket Health has taken a step to raising its level on the corporate governance front by appointing Kenyan health expert Dr. Jacqueline Kitulu, as the chairperson of …

The residential pipeline activity remains high, with apartment units in Naguru, Kololo and Nakasero coming online in the next 2 years Kampala, Uganda | THE INDEPENDENT | Residential land prices in Kampala’s affluent suburbs dropped by approximately 10% in the second half of 2022 owing to an increased supply of re-development …

The airline’s shares will stay off the NSE for another 12 months as the airline restructures ahead of a potential sale Kampala, Uganda | Leo Komminoth | Kenya Airways shares have been suspended from trading for an additional year from 5 January, according to a statement from the Nairobi Stock Exchange. The …