The oil and gas sector continues to interest different players hoping to make some money out of it. Kampala, Uganda | JULIUS BUSINGE | At one of the events organised by the Petroleum Authority of Uganda and National Environment Management Authority, a big crowd of 8, 000 people attended to …
Read More »Launderers outwit financial intelligence system with invisible transactions
Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) says it is registering more entities to report cases of money laundering because launderers are now opting for non-traceable transactions. The authority recently announced that car dealers would be required to register with it, in a move to curb …
Read More »TECHNOLOGY: How dark is dark web?
TECH ANALYSIS | THE INDEPENDENT | Silk Road. Cryptocurrencies. Drug markets. Stolen databases and disturbing content. These are just a few keywords associated with the dark web, and not many people dare to dig deeper to understand the true and ambiguous nature of the underbelly of the Internet. The …
Read More »CEOs take on the new budget
They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …
Read More »Government should lead in promoting exports
Elly Twineyo Kamugisha is an economist and the current executive director for the Uganda Export Promotion Board (UEPB). He spoke to The Independent’s Julius Businge on why it is urgent for the government to heavily engage in export development activities. What is new at the Uganda Export Promotion Board …
Read More »Bob Collymore dies at 61 after long cancer fight
Nairobi, Kenya | THE INDEPENDENT | Bob Collymore died early today, Safaricom PLC has announced. “Our beloved CEO Bob Collymore has passed. We extend our deepest condolences to his family, our colleagues, partners and the nation at large,” Safaricom stated. He has been battling cancer. Safaricom is a listed mobile …
Read More »Ghana farmers sweet on cocoa minimum price drive
Accra, Ghana | AFP | Kwame Boadu was forced to abandon his cocoa plantation to work in Ghana’s capital Accra, but when the government announced plans for a price floor he began dreaming of a return to his fields. A higher guaranteed price for the crop means a cocoa farmer “can afford …
Read More »Uganda’s Kateshumbwa is new head of World Customs Organisation
Kampala, Uganda | THE INDEPENDENT | Commissioner for Customs Dicksons Kateshumbwa has been elected Chairperson of the World Customs Organization (WCO) Council in Brussels. Kateshumbwa has been the WCO East and South African region Vice Chairman. The Uganda Revenue Authority customs takes over from Uruguay’s Enrique Canon. “I thank the Global …
Read More »IN THE INDEPENDENT: BOU’s ‘money printing’ saga
Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY BoU’s printing money saga: Behind Nakalema, Akullo investigation THE LAST WORD The tyranny of expert advice: Why Africans need to look beyond the oversimplification of our development challenges HEALTH Hepatitis B in Uganda: …
Read More »Govt rejects proposal to export Sugarcane to Kenya
Kampala, Uganda | THE INDEPENDENT | Government is opposed to the proposal to export unprocessed raw materials such as sugar cane. The Trade, Industry and Cooperatives Minister Amelia Kyambadde stated this while presenting a statement to parliament on the issue of excess sugar cane in Busoga sub-region. Kyambadde told …
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