Business

COMMENT | Samson Tinka |  Just over 90 years ago, on 1 January 1914, a gentleman named Abe Pheil became the world’s first airline passenger on a 21-minute flight from St Petersburg to Tampa, Florida in the USA. A phosphate miner, he sat on an open bench in the cockpit …

Kampala, Uganda | THE INDEPENDENT | Management of Link Bus Company is on the spot for abandoning the Standard Operating Procedures-SOPs issued by the Health Ministry to halt the transmission of the coronavirus. Following the outbreak of Covid-19, the Ministry of Health directed transporters to carry half of their licensed …

Amuru, Uganda | THE INDEPENDENT | The Islamic Development Bank (IsDB) is providing $86.5 million to finance the development of irrigation schemes in Uganda. The schemes include Unyama in Amuru District, Namalu in Karamoja and Sipi in Bukwo-Sebei, regions. The funding was approved last week as the Bank set aside funding …

FUFA calls off trip to Dubai after flights from Uganda put on red list Entebbe, Uganda | THE INDEPENDENT | The Federation of Uganda’s Football Associations (FUFA) has called off the Uganda Cranes’ trip to the United Arab Emirates. The team was slated to travel tomorrow 29th December 2021. This …

Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, or …

Kampala, Uganda | THE INDEPENDENT | Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan economy next year, according to the analysis by the Bank of Uganda. …

PostBank Uganda has officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. Kampala, Uganda | THE INDEPENDENT | The bank, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial institution that …

Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions-DPP Jane Frances Abodo has instituted a team of prosecutors to try businessman Hassan Basajjabalaba and his brother on charges related to forgery of a court order and evading tax worth sh20 billion. The case had stalled for seven years …

New York | Xinhua |  The holiday season travel stress has only escalated amid the surge of the Omicron variant of COVID-19, with several airlines reporting staff shortages from the spread of the coronavirus, leaving passengers with delayed or cancelled flights. According to FlightAware, a flight-tracking site, 880 flights within, …

Nearly 60 villages in Kayunga district are set to be connected to the national electricity grid to boost the socio-economic status of the population, according to Eng. Harrison Mutikanaga, the managing director at the Uganda Electricity Generation Company Limited. Kampala, Uganda | THE INDEPENDENT | Mutikanga, who was accompanied by …