Business

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 …

Soroti, Uganda | THE INDEPENDENT  |  Soroti district officials have asked the government to review some of the requirements for the youths to access the Youth Livelihood funds. This follows lower recovery rate of YLP funds disbursed to 114 youth groups in the district. Since 2014/2015 Financial Year, the district has …

Beijing, China | AFP | China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world’s second-largest economy grew by 6.1 percent last year, its worst performance since 1990, …

Abuja, Nigeria | AFP |  English-speaking West African countries on Thursday criticised a move to rename the CFA franc used by former French colonies, saying the move jarred with plans to introduce a region-wide currency of the same name. Members of the West African Monetary Zone (WAMZ) Convergence Council said …

Kampala, Uganda | THE INDEPENDENT  |  Victims of Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have petitioned parliament, in a fresh push for compensation for monies lost in the scam.  These were part of the thousands of Ugandans who lost their money to the exchange which was operating a money …

Rubanda, Uganda | THE INDEPENDENT  |  The high cost of land in Rubanda district is scaring away investors. According to authorities, the cost of land in Rubanda shot up when it became an independent district in July 2016 after being curved from Kabale. Some of the areas where the cost of …

Kampala, Uganda | THE INDEPENDENT  | Former employees at Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have hinted that security agencies opted for soft targets in the scam that saw thousands of Ugandans lose billions in deposits. Dunamiscoins was operating a money lending business with branches in Masaka, Ndeeba, Mbale, …

London, United Kingdom | AFP | Prime Minister Boris Johnson on Tuesday challenged US opponents of Britain’s potential decision to let China’s Huawei telecoms giant develop its 5G network to come up with a better choice. Johnson’s comments came one day after a US delegation arrived in London for a …