Business

Havana, Cuba | XINHUA | The U.S. embargo on Cuba, which began in the 1960s, continues to make life difficult for the Cuban people, Cuba’s Prensa Latina news agency reported on Friday. In an opinion piece released on the news agency’s website, Por Xin Ping, a commentator on international affairs, …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …

Nairobi, Kenya | THE INDEPENDENT – Pan-African housing development financier Shelter Afrique has fully paid commercial debts owed to eight lenders, giving the company the leverage to underwrite new debt. In 2018, Shelter Afrique signed a Debt Restructuring Agreement with the eight lenders – six DFIs and two commercial banks – to …

As part of the accelerator program, each of the five start-ups will receive up to $18,000 proof-of-concept funding to test their ideas Kampala, Uganda | THE INDEPENDENT |  Five Ugandan startups that are ready for the next level of growth have been selected for the Next Innovation with Japan Accelerator …

Kampala, Uganda | THE INDEPENDENT | FlyHub Uganda Limited, a subsidiary of Stanbic Bank Uganda Holdings Limited (SBUL) has announced the appointment of Joel Muhumuza as its first Chief Executive Officer. FlyHub is a newly created FinTech company and one of four subsidiaries under SBUL, the others being, SBG Securities, …

Approximately 87,500 no-pole customers to be connected to the electricity grid Kampala, Uganda | THE INDEPENDENT | Uganda government has secured $100milion funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme electricity distribution footprint. Commissioned in Waibuga Sub County in …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has formally written to the Speaker of Parliament returning the National Social Security Fund Bill, 2019 with proposals for amendment. Oulanyah revealed the contents of Museveni’s letter dated 26th August, 2021 during the Tuesday plenary sitting saying that he had received …

Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …

The group wants government to open up on the plan for this cash Kampala, Uganda | THE INDEPENDENT | Government needs to open up on the recent allocation of the Shs1.2trillion International Monetary Fund’s Special Drawing Rights (SDRs) and invest in the fight against COVID-19 pandemic to boost economic recovery, …

Kampala, Uganda | IAN KATUSIIME | Members of Parliament have been urged by Uganda National Roads Authority (UNRA) to fast-track the approval of a new loan meant to complete the Hohwa-Nyairongo-Kyarushesha road and its other sections that in total add up to 93km in the oil region. UNRA executive director Allen …