Business

Nwoya, Uganda | THE INDEPENDENT  |  More than 300 bags of impounded charcoal have been auctioned in Nwoya district. The auctioned charcoal was impounded from various places within the district about two weeks ago.  Nwoya District Chairperson Patrick Okello Oryema told URN that each charcoal bag was sold between 10,000 and …

Lwengo, Uganda | THE INDEPENDENT  |  There was controversy at the offices of the Lwengo Resident District Commissioner, as members of different enterprise groups converged to elect their leaders. The Lwengo Resident District Commissioner Jjuuko Kasiita on Thursday called for a mobilization meeting for groups of people dealing in different income …

Lagos, Nigeria | AFP |  A Nigerian court on Thursday remanded a former justice minister accused of corruption in custody pending a bail hearing. Mohammed Adoke who appeared in the high court in the nation’s capital Abuja has been charged over a $1.3 billion dollar oil scandal involving international majors …

Luanda, Angola | AFP |  The head of one of Angola’s largest banks has resigned after being named in a corruption probe centred around ex-first daughter Isabel dos Santos, according to a letter seen by AFP on Thursday. Mario Leite da Silva, who was chairman of Banco de Fomento Angola …

Luanda, Angola | AFP | Isabel dos Santos, the tycoon daughter of Angola’s ex-president who is at the centre of an anti-graft investigation, on Thursday vowed she was ready to fight against what she called “misleading and untrue” allegations. Dos Santos, dubbed ‘the princess’ in Angola, is accused of using …

 Angola’s ex first daughter Isabel dos Santos charged with fraud Luanda, Angola | AFP | Isabel dos Santos, the tycoon daughter of Angola’s former president, has been charged with money laundering and mismanagement, Angolan prosecutors said, as they launched a bid Thursday to have the billionairess and other suspects return …

Kampala, Uganda | THE INDEPENDENT | China has opened up its market for the importation of fish maw from Uganda. Fish maw also known as swim bladder is a white hard membrane found inside the body of the Nile Perch. A kilogram of small-sized fish maw costs 160,000 Shillings on …

Kampala, Uganda | THE INDEPENDENT  |   The Ministry of Finance has tabled the third National Development Plan- NDPIII. The five-year plan was supposed to be approved before the presentation of the National Budget Framework Paper for financial year 2020/2021.  David Bahati, the Minister of State for Planning in the Finance …

Kampala, Uganda | THE INDEPENDENT  |  State Minister for Animal Husbandry Bright Rwamirama is mooting for tougher policies on dairy production in order to secure markets for Uganda’s milk in the region.  Rwamirama says that Uganda needs to review the Dairy Industry Act and introduce heavy punishments for persons contaminating milk …

CSOs want government to control debt, increase budget for key social sectors Kampala, Uganda | JULIUS BUSINGE | Civil society organisations under their umbrella body, Civil Society Budget Advocacy Group (CSBAG) have listed a number of concerns that they would like the government to pay attention to as it debates …