Business

Kampala, Uganda | THE INDEPENDENT  |  President Yoweri Museveni has opposed plans by some of his officials to reiterate against Kenya for confiscating Lato Milk, a Ugandan brand, produced by Mbarara-based Pearl Dairies Limited.   His position comes at the height of a trade war between the two countries, following the confiscation …

Kigezi, Uganda | THE INDEPENDENT  |  Dairy Farmers in Kabale and Rubanda districts are stranded following a drop of milk prices.  The price of milk has dropped to 600 Shillings from between 1,300 and 14,00 Shillings per liter at major dairies across the Kigezi region. The farm gate price of milk …

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 …