The branch will facilitate the financing of trade and investment transactions between the Middle East and Africa | THE INDEPENDENT | United Bank for Africa Group has extended its operations to the United Arab Emirates with the official opening of its new branch at the Dubai International Financial Centre (DIFC). …
Read More »“A beacon of hope’: Ukraine, Russia sign grain export deal
Russia and Ukraine signed separate agreements on July 22 with Turkey and the United Nations clearing the way for exporting millions of tons of desperately needed Ukrainian grain — as well as Russian grain and fertilizer — ending a wartime standoff that had threatened food security around the globe. The …
Read More »Oxfam to unveil Shs77bn Impact Fund
The fund will target businesses providing decent jobs, women empowerment and innovations Kampala, Uganda | JULIUS BUSINGE | UK-based global organisation, Oxfam, plans to unveil a 20million Euros (Shs77bn) Impact Fund to support small businesses in line with their goals. The fund, to be unveiled as a pilot project before …
Read More »Uganda sets the standards for Africa in renewable power
Uganda is providing a robust example to the rest of the continent when it comes to renewable power initiatives, says Ziria Waako, the CEO of the country’s Electricity Regulatory Authority (ERA) There are a number of key initiatives concerning off-grid initiatives in Uganda, among them the enactment of off-grid regulations …
Read More »Uganda government printer turns 120 years
UPPC is set to be enhanced in the long term to world class standards Kampala, Uganda | JULIUS BUSINGE | On July 22, Uganda Printing and Publishing Corporation (UPPC) started activities to mark 120 years of its existence with a public forum held in Kampala. Executives said, more activities including …
Read More »Multinationals seek residential houses in less affluent suburbs
US-dollar dominated leases have extended to Naalya, Kiwatule, and Najjera areas Kampala, Uganda | THE INDEPENDENT | Multinationals with lower rental budgets are now opting for residential apartments in less affluent suburbs in the greater Kampala, according to the latest report by the property management firm, Knight Frank. The report, …
Read More »Is Uganda Airlines back on track?
COMMENT | DEREK NSEKO | The global travel industry is roaring back in 2022. Despite some pockets of severe COVID-19 related restrictions and mounting economic pressures resulting from a skyrocketing oil price, travel has been resilient in its efforts for a comeback this year. People simply want to travel again and …
Read More »Africans look to China for major projects, Europe for jobs – Survey
China hailed for quick decisions, faster implementation while EU is tipped for better working conditions Kampala, Uganda | IAN KATUSIIME | A survey carried out by Inter Regional Economic Network (IREN) a Kenyan economic think tank, has revealed the extent of the perceptions African policy makers have towards China and …
Read More »Natural resources committee of Parliament divided on Mining Bill
Kampala, Uganda | THE INDEPENDENT | The Environment and Natural Resources Committee of Parliament is divided on President Yoweri Museveni’s proposals regarding the Mining and Minerals Bill, 2021. On June 18, 2022, President Yoweri Museveni returned the Mining and Minerals Bill, 2021 to parliament for reconsideration. The Bill which seeks …
Read More »SURVEY: Farmers in Bugisu are not aware of fake agro inputs
Mbale, Uganda | THE INDEPENDENT | Research by the Anti-Counterfeit Network Africa has revealed that 72 percent of the farmers within the Bugisu sub-region cannot differentiate between genuine and counterfeit agro-inputs. The study conducted in March and April 2022 was driven by common narratives about farmers’ experiences with fertilizers, seeds, and …
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