Business

Kampala, Uganda | THE INDEPENDENT | The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has told the ongoing Bank of Uganda probe. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU …

Which HiLux variant is a better buy; the cheaper more off-road biased Rugged or the town-oriented Rogue? Kampala, Uganda | AGENCIES | On the surface, it might appear as if these two vehicles are aimed at different buyers. At least that’s what Toyota would like for you to think but …

Tough regulation for fish in offing Kampala, Uganda | PATRICIA AKANKWASA | Fish maw business will soon be regulated to minimize exploitation of fish farmers and suppliers. Vincent Sempijja, the agriculture minister told The Independent in an interview that the sale of fish maw has become a lucrative business for …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority (KCCA) has today unveiled a draft property valuation report for Makindye Division. KCCA Revenue Director, Fred Andema says properties in Makindye division have increased from 23,000 in 2003 when the last valuation roll was compiled to 51,000 properties in the report …

Kampala, Uganda | THE INDEPENDENT | Former Shareholders of the defunct National Bank of Commerce (NBC) are demanding sh295 billion as compensation from Bank of Uganda (BoU) over the closure of their Bank. The shareholders include former Prime Minister Amama Mbabazi, businessman Amos Nzeyi, former Supreme Court Judge George Wilson …

MAAIF, FAO advance efforts towards regulation of fisheries and aquaculture Kampala, Uganda | THE INDEPENDENT TEAM | Uganda will soon have a new Fisheries and Aquaculture law, if the proposed Fisheries and Aquaculture Bill, 2018, is reviewed and approved by Cabinet and Parliament. The proposed law is a revision of …

London, United Kingdom | AFP | The pound dropped Monday following weak UK construction data and as Prime Minister Theresa May seeks to try and finally unlock the Brexit stalemate. London’s benchmark FTSE 100 index, featuring large multinationals earning in dollars and euros, climbed to a two-month high above 7,000 points thanks to the weaker …

Kampala, Uganda | THE INDEPENDENT | Economists have called for a review of the different social welfare programmes designed by the government to ensure that they transform the targeted beneficiaries. Some of the programmes highlighted for a possible review include the Youth Livelihood Program, Social Assistance Grants for Empowerment and the …

Kampala, Uganda | THE INDEPENDENT | Emirates has introduced an innovative new function on its app to allow every Ugandan to create bespoke playlists ahead of their flight and sync it to their seats once on board. All customers can plan their trip more effectively, and maximize their onboard experience by …

Kampala, Uganda | THE INDEPENDENT | Four years ago, Sandra Nakayenze set out to change the lives of women coffee farmers in the hills of Sironko district. The social, economic, religious and cultural hardships encountered by both young rural women and the girl child in her village compelled Nakayenze to form …