Business

Vancouver, Canada | AFP | A senior Huawei executive whose arrest in Vancouver led to a breakdown in Canada-China relations headed to court on Monday to fight extradition to the United States. Meng Wanzhou, the company’s chief financial officer and eldest daughter of its founder Ren Zhengfei, is wanted by …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Police together with Uganda Communications Commission have apprehended eight people suspected to be engaged in SIM boxing electronic fraud.  SIM boxing is a practice in telecommunications whereby a person or group of people set-up a device that can take up several SIM …

Luanda, Angola | AFP |  Angola’s former president Jose Eduardo dos Santos has denied links to alleged public company embezzlement during his rule, in his first response to corruption investigators last month freezing his daughter’s assets. Isabel dos Santos, the ex-president’s billionaire first-born, has been the target of an anti-corruption …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund worth US$10million to fund SMEs in Uganda. The 5-year partnership aims to unlock financing intended to facilitate the promotion and growth and development of Small and Medium sized Enterprises. Fabian …

Brussels, Belgium | AFP |  With just two weeks to go before Brexit, European diplomats are preparing for the next phase: intense negotiations to hammer out a future with Britain after its EU divorce. Brussels is braced for new rounds of Brexit battles, aware that a bullish Prime Minister Boris Johnson is …

Kampala, Uganda | THE INDEPENDENT |  Uganda’s national carrier, Uganda Airlines, has made it official that it will unveil direct flights to Johannesburg, South Africa, soon. The development will see the airline grow its network of direct flights out of its hub at the Entebbe International Airport. Presently, the airline …

Kampala, Uganda | THE INDEPENDENT | The International Advisory Board of African Leadership Magazine, a publication of African Leadership (UK) Limited meritoriously selected NWSC MD Dr. Eng Silver Mugisha from a shortlist of nominees to be inducted into the AFRICAN LEADERSHIP CEO’S HALL OF FAME 2020. In the same vein, …

Kampala, Uganda | THE INDEPENDENT  |  The Uganda Civil Aviation Authority-CAA has said the first phase of expanding Entebbe International Airport is currently at 60 percent level of completion. Uganda secured a loan of $325 million from Exim Bank of China, with $ 200 million earmarked to finance the first phase …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU), in collaboration with Uganda Bankers’ Association (UBA) and Financial Sector Deepening Uganda (FSDU) today signed a landmark contract with fintech company Laboremus Uganda to develop a digital ID verification system to be used by all banks and other licensed financial …

Kampala, Uganda | THE INDEPENDENT  |  Bright Rwamirama, the State Minister in Charge of Animal Industry has intervened in a dispute on the enforcement of livestock quarantine in Sembabule district. Rwamirama and Dr Rose Ann Edmund, the Commissioner in Charge of Health and her Assistant, Doris Kiconco on Thursday were in …