Kampala, Uganda | ISAAC KHISA | Nile Breweries Limited, a subsidiary of the Belgium based AB InBev, has boosted its production capacity to meet the growing beer demand. Onapito Ekomoloit, the Director Legal and Corporate Affairs at NBL confirmed to The Independent that the beer company has added 250,000 hectoliters (25million …
Read More »Coke unveils more sugar-free soda
Kampala, Uganda | ISAAC KHISA | Coca-Cola Beverage Africa has expanded its sugar-free drink in the Ugandan market as it seeks to tap into the increasing health-consciousness consumers. The company says it has unveiled Stoney Zero Sugar, Fanta Zero Sugar, Coca Cola Zero Sugar and Sprite Zero Sugar as well as …
Read More »Museveni’s plan for BoU after COSASE
President will shake up central bank, insiders say Kampala, Uganda | HAGGAI MATSIKO | When the committee investigating the central bank over closed banks starts querying the process surrounding the sale of Crane Bank, one particular question will arise again: How did you zero on dfcu Bank as the …
Read More »Uganda’s horticulture exports risk ban
Stakeholders blame absence of regulation to facilitate export of high quality horticulture products Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s horticulture sector remains one of the top earners for the East African nation but the recent European Union (EU) warning over quality related issues could hurt the sector if it is …
Read More »Ethiopian Airlines reopens Moscow route after 27 years
ethip Addis Ababa, Ethiopia | AFP | Ethiopian Airlines on Monday resumed flights to Moscow after a gap of 27 years stretching back to the demise of the Soviet Union, which saw relations with Moscow dive. “Moscow is a vital addition to our European service, a very important region. It’s …
Read More »Canada proposes hefty redress for airline delays
Ottawa, Canada | AFP | Airline passengers in Canada could soon be eligible for significant compensation for delayed flights or lost baggage, under proposed regulations unveiled by the government on Monday. The draft rules follow a rising number of complaints, including from one flight stuck on the tarmac in Ottawa …
Read More »Nissan fails to agree Ghosn replacement, as tensions with Renault grow
Tokyo, Japan | AFP | The board of automaker Nissan failed Monday to agree a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct, as tensions grow in the firm’s alliance with Renault. The Japanese company removed Ghosn from his post last month after he was detained …
Read More »Google joins tech move east, to invest $1 bn in New York campus
Washington, United States | AFP | Google became the latest US tech giant to announce a major expansion plan, unveiling a $1 billion investment Monday to create a new campus that could double its New York City workforce to 14,000. The move by Google comes following Amazon’s announcement of new …
Read More »NSSF to focus on stalled projects
Kampala, Uganda | JULIUS BUSINGE | Patrick Byabakama Kaberenge, a seasoned banker and retired auditor has been re-appointed as the 11th Chairman Board of Directors for the National Social Security Fund. His new contract, alongside other nine members runs for the next three years. The Independent’s Julius Businge spoke to him …
Read More »US$5.7bn power sector opportunity
There is an opportunity for private sector players to invest in Uganda’s power sector as government moves to connect more people to the national grid. Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako, the Chief Executive Officer at the Electricity Regulatory Authority has told The Independent on the sidelines of a …
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