Nairobi, Kenya | Xinhua | Kenya’s foreign exchange reserves fell a record 49 billion shillings (about 428 million U.S. dollars) this week as the shilling hit a new low amid strong dollar demand from importers. The Central Bank of Kenya (CBK) said in its weekly update of the financial markets …
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Kabarole, Uganda | THE INDEPENDENT | The body of the former Governor of the Bank of Uganda Gideon Nkojo is still in the United States and yet to get to the final resting place over unclear circumstances. Nkojo died in November 2020 in Maryland Virginia after being ill. Family members …
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Kampala, Uganda | THE INDEPENDENT | The government has been asked to help the farming community to devise ways of mitigating the challenges of climate change, which they say is becoming a major challenge to the sector. Climate change is not only affecting the environment and soil fertility but making …
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Kampala, Uganda | THE INDEPENDENT | A less congested and more calm environment returns to Kampala, a few weeks after the city authorities enforced operations to rid the city of street vendors and hawkers. The last such cleanup was conducted by Kampala Capital City Authority-KCCA under the leadership of Jennifer …
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Kampala, Uganda | THE INDEPENDENT | Eight taxi operators have been arrested during an operation mounted by Kampala Capital City Authority-KCCA, to eject taxis plying Entebbe Road routes from the New Taxi Park. The joint operation carried out together with police and the army early today is in the implementation …
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Kampala, Uganda | THE INDEPENDENT | At least 15 grain stores, and a number of homes were reduced to ashes in a Friday afternoon fire that gutted Kakajo Zone, Kisenyi parish in Central division of Kampala. Police firefighters battled the fire that started a few minutes to 2pm for five hours. …
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Agility unit will provide upstream camp support for Total Energies’ Tilenga project Dubai, United Arab Emirates | THE INDEPENDENT | GCC Services, a leader in integrated remote site services, has been selected by international engineering and construction giant McDermott to provide camp services for the Tilenga Project Upstream Facilities in …
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BUSINESS FEATURE | THE INDEPENDENT | Rising fuel prices typically force businesses in the transport and logistics industry to either raise prices for their services or suffer a financial loss. If the prices continue to increase, the trucking companies, couriers, and packaging material providers will have no option but to increase …
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Progress in electricity access, reliability and affordability is disappointing, though Kampala, Uganda | PETER TWESIGYE | Early in 2021, the government of Uganda approved a two-year plan to streamline state-run agencies for greater efficiency. The first phase of the merger targeted 77 agencies under 18 ministries. By the time …
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Insurance brokers will need to evolve on how to engage, advise and on-board customers Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks earned Shs12bn in commission as insurance agents for nine months to September 30, 2021, underscoring the significance of banscassurance as a new revenue stream for financial institutions. …
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The Independent Uganda: You get the Truth we Pay the Price