Business

Kampala, Uganda | THE INDEPENDENT | MTN CEO Wim Vanhelleputte was Thursday night deported, weeks after three of the  company’s expatriate staff were expelled. His deportation documents were signed by Internal Affairs Minister Gen. Jeje Odongo, hours after he had been held and grilled by security. He was later taken to …

  Kampala, Uganda | THE INDEPENDENT | The authenticity of agreements transferring assets of the 1964 Cooperative Bank to that incorporated in 1997 under the Company’s Act has been questioned. For the past few weeks, the commissions committee of parliament has been probing how the Cooperative Bank in 1997 was …

Geneva, Switzerland | AFP |  The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty. Unemployment around the world fell last year to 5.0 percent — from 5.1 percent in …

  In Paris this month, developing countries must understand what is at stake and speak up COMMENT | José Antonio Ocampo | Project Syndicate | At first glance, it appears to be a bureaucratic meeting like any other. But the discussions at the OECD in Paris at the end of this …

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac …

Kampala, Uganda | THE INDEPENDENT | A Final Investment Decision (FID) for the Lake Albert Oil and Gas project is expected to be concluded by mid this year, according to Tullow Chief Executive Officer Paul Mcdade. The government has been banking on the Joint Venture Partners, Tullow, China National Offshore Oil …

With the right balance of audacity and pragmatism, regional integration could yield larger dividends  COMMENT | Célestin Monga | When Kwame Nkrumah, under whose leadership Ghana became the first African country to claim independence in 1957, was overthrown by a military coup in 1966, few of his fellow citizens shed …

Kampala, Uganda | THE INDEPENDENT | Guests at Sheraton Kampala will from today have the opportunity to earn loyalty program points that allows them to stay in any Marriott affiliated hotel in the World. Marriott International today unveiled “Marriott Bonvoy”, the new brand name of its loyalty travel program that will replace the …

Kampala, Uganda | THE INDEPENDENT | Stanbic’s East African economist Jibran Qureishi has said the delays as Uganda bids to borrow from China to finance the Standard Gauge Railway (SGR) could be a blessing in disguise. Uganda needs about sh8 trillion to construct the SGR from Malaba to Kampala. The …

Kampala, Uganda | THE INDEPENDENT | The banking sector has had a rapid expansion in Agency Banking hardly a year since Bank of Uganda issued Agency banking regulations. The sector according to Uganda Banker’s Association now has over two thousand agency banking agency compared to the existing three hundred bank …