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 …
Read More »GRAFT: Angola’s Dos Santos ready to fight in court
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 …
Read More »Portuguese banker cited in ‘Luanda Leaks’ found dead
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 …
Read More »China, Uganda open frontiers for fish maw trade
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 …
Read More »Finance ministry tables third national development plan
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 …
Read More »Minister ponders tougher penalties for milk adulteration
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 …
Read More »Shs39tn budget concerns
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 …
Read More »Coffee export earnings drop
UCDA is hopeful that farmers will reap more in 2020 Kampala, Uganda | ISAAC KHISA | Latest figures indicate that Uganda’s coffee export earnings dropped in 2018/19 season (October-September) but the regulator is optimistic that the industry performance will rebound in 2019/20 season. Coffee, the country’s second largest commodity export …
Read More »URA: Sudanese found with material to make fake dollars
Malaba, Uganda | THE INDEPENDENT | A Sudanese national has been arrested trying to cross into Uganda from Kenya with material that Uganda Revenue Authority believes is for making fake US dollars. The suspect, Duach Chuol Kaylech Toang, was held after his luggage at Malaba One Stop Border Post (OSBP) …
Read More »Cabinet approves signing of several air service agreements
Kampala, Uganda | THE INDEPENDENT | Uganda will be signing several bilateral air service agreements with different countries, a move that would give her access to the air space of more countries. According to a brief on Tuesday of what transpired in cabinet, “the agreements will put Uganda at equal legal …
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