Business

Ankara, Turkey | XINHUA |  Russian officials has told Ankara that Russia had “nothing to do” with the attacks on Ukraine’s key Black Sea port of Odessa, Turkish Defense Minister Hulusi Akar said on Saturday. “In our contact with Russia, the Russians told us that they had absolutely nothing to …

Kampala, Uganda | THE INDEPENDENT | Agriculture Business Initiative (aBi) has rolled-out a Green Challenge Fund to support SMEs and farmers to increase their resilience to climate change including soils, ecosystems and bio-diversity. The Fund seeks to contribute to achieve the global target of limiting global temperature rise to well below …

  Arusha, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has said Africa must emphasize and support an indigenous entrepreneurial class, national capitalists who can help build economically develop countries. Museveni was speaking shortly after a ceremony in which heads of state of the East African Community commissioned the 42.4-kilometer …

Luwero, Uganda | THE INDEPENDENT | Poultry farmers in Luwero have sold off part of their chicken and others have quit business over the high costs of the feeds. In Luwero town, the price of broken maize is now at sh1,800-2,000 from sh1,200 whereas maize bran is at sh900 from …

Kampala, Uganda | THE INDEPENDENT | Experts have cautioned Uganda and other East African countries to go slow on the implementation of taxation of digital services. This comes as the countries prepare to join 133 others around the world to implement the Digital Services Tax (DTS) in line with the …

Kampala, Uganda | THE INDEPENDENT |  ICEA LION Life Assurance Company (U) Ltd has announced the introduction of the ICEA Annuity Plan for retirees and those nearing retirement. The ICEA Annuity plan guarantees the holder a regular stream of income for life after retirement. The ICEA Annuity plan allows the holder …

Tehran, Iran | Xinhua | Iran’s chief banker said the U.S. dollar will be gradually eliminated from Iranian-Russian economic transactions, the official news agency IRNA reported on Thursday. The trade volume between Iran and Russia stood at 4 billion U.S. dollars, which can be conducted through the Iranian currency rial and …

Kampala, Uganda | THE INDEPENDENT | Marketing and Media outfit Evolve Africa has announced the return of the Uganda Marketing Excellence Awards edition slated for Friday 25th November 2022. This follows a successful online edition held end of last year where 10 winners were awarded. The Uganda Marketing Excellence Awards are back …

Abuja, Nigeria | Xinhua | Nigeria has transformed the state-run Nigerian National Petroleum Corporation (NNPC) into an independent and limited liability firm, about 45 years after the creation of the national oil corporation. The move is part of the ongoing reform of the country’s oil industry, heralded by the Petroleum Industry …

COMMENT | Samson Tinka |  As of 14th July  2022, fuel pump prices were racing towards a record sh7,000 per litre in Kampala as the fear of disruption to the supply of fuel increased across the country. The timing could not have been worse for the architects of the Parish Development …