Business

Abuja, Nigeria | Xinhua | Nigeria’s apex bank has said it is postponing the proposed launch of the country’s digital currency, e-Naira, to an unspecified date. In a statement late Thursday, the Central Bank of Nigeria (CBN) said the delay was due to other activities lined up to commemorate the …

  Dubai, UAE  | Xinhua | Following a year-long delay due to the COVID-19 pandemic, the much-awaited Expo 2020 Dubai opened its doors to visitors here on Friday. Under the theme of “Connecting Minds and Creating the Future,” about 200 exhibitors are vying to present their best at the 438-hectare …

  Kampala, Uganda | THE INDEPENDENT | Seven people have been arrested for allegedly defrauding over Sh 5 billion through the online banking system in Kampala. The suspects were identified as Fred Sitakyange, Ephraim Bagambe, Allan Juuko, Bairon Ndyamuhaki, Peter Katumba, Erasmus Mutambi and Ronald Bashijja. They were picked up in …

Kampala, Uganda | THE INDEPENDENT | The old taxi park will be reopened on October 20, even before completion of the renovation works, Kampala Capital City Authority- KCCA has resolved. A report presented by Hakim Kizza, the Executive Secretary for Engineering and Works to the KCCA council on Thursday, indicates …

Hoima, Uganda | THE INDEPENDENT | Totalenergies Uganda Deputy Gereral Manager, Mariam Nampeera Mbowa .says its Joint Venture partner CNOOC is holding the announcement of the Final Investment Decision on the Lake Albert Oil Development project. “I can confirm that the board of Total took FID on the Ugandan project …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …

Uganda has set mid next year as the date for commissioning Karuma Hydropower Dam on the upstream of River Nile but there are now new concerns that the facility may not be ready as planned owed to a slow project implementation. Gulu, Uganda | THE INDEPENDENT | Ruth Nankabirwa, the …

ANALYSIS | Tourism | On Monday, Uganda joined the rest of the world to commemorate World Tourism Day celebrated under the theme “Tourism for Inclusive Growth”. The theme aimed at ensuring the sector draws in marginalized communities and empower them to benefit from decent jobs, cultural preservation and conservation. This …

Kampala, Uganda | THE INDEPENDENT | United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as …

Insurance penetration remains one of the lowest among its peers in the East African region Kampala, Uganda | ISAAC KHISA | Insurance firm, GA insurance, has unveiled a new medical cover for senior citizens up to 80 years. Its Managing Director, Francis Kamau said, the health policy dubbed Graysure will …