Business

Entebbe, Uganda | THE INDEPENDENT | Uganda Airlines is facing corporate governance problems because the inaugural board of directors and managers lack experience, the Finance, Planning, and Economic Development Minister, Matia Kasaija has revealed. The government revived the national carrier in 2019 lower transport costs, boost tourism and business opportunities …

Jinja, Uganda | THE INDEPENDENT | Uganda Railways Corporation URC- says that the new locomotives will be able to start operations next week following the successful re-construction of a triangular section. Stanley Sendegeya, the Managing Director of URC, says that all is well and the locomotives are good to go …

  Lira, Uganda | THE INDEPENDENT | Leaders from Karamoja sub-region are in Lira to promote alternative sources of livelihood, which will end cattle rustling. The delegation from Nabilatuk and Moroto districts in Karamoja region are visiting Lira for exposure and meeting aimed at generating new ideas and possible partnerships …

  Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants Uganda (ICPAU) has appealed to the informal sector and small enterprises to employ part-time accountants if they can’t afford to employ them full-time. ICPAU is a professional accountancy organization established by an act of parliament to regulate and …

Berlin, Germany | Xinhua | German flag carrier Lufthansa has repaid the financial aid granted by the German government during the worst phase of the COVID-19 crisis and has transferred a final tranche of one billion euros (1.14 billion U.S. dollars) to the government’s Economic Stabilization Fund (ESF), also known …

Mbarara, Uganda | THE INDEPENDENT | Parliament’s Committee on Trade Tourism and Industries on Friday handed Fazil Wabulembo, a food scientist working with Mukamanayamba Energy Drink to the police for interrogations over misleading adverts. The committee was meeting energy and soft drink producers who were tasked to explain misleading advertisements …

  MoTIV will use $50,000 prize money to kick-start a creative fund to unlock increased potential in sector and support creatives Kampala, Uganda | THE INDEPENDENT |  MoTIV, East Africa’s largest makerspace headquartered in Kampala, Uganda has won the UNESCO–Bangladesh Bangabandhu Sheikh Mujibur Rahman International Prize for the creative economy. Established …

Kampala Uganda | THE INDEPENDENT | Chipper Cash has today launched a product that will enable Ugandans  invest in publicly traded global companies like Amazon, Tesla or Facebook. The launch of the Chipper’s Global Stocks Investing product makes it the first company to offer fractional stock investing in Uganda. The African fintech …

Cape Town, South Africa | THE INDEPENDENT |  The first day of African Energy Week 2021 Wednesday saw national oil companies (NOCs) engaged in a presentation on optimizing innovative and strategic exploration mechanisms for profitable and sustainable operations on the continent. The panel discussion began with an opening presentation by …

Kampala, Uganda | THE INDEPENDENT |  Equity Bank Uganda Limited has re-affirmed its passion for sport and its ability to bring Ugandans together by partnering with the National Agricultural Research Organization (NARO) to organize an inaugural golf open this week. The Equity Bank NARO Open is set to run November 11th to …