Business

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank is set to open three more business incubation centres countrywide as it seeks to tap into investments in the oil and gas industry ahead of the production. Patrick Mweheire, the bank’s Chief Executive, said the lender will open the three training centres in …

Kampala, Uganda | THE INDEPENDENT | Hilton Garden Inn has announced the opening of 13 new properties in six countries across the world in the following months, several of them in Africa. Hilton’s upscale brand plans to tap into these new destinations by offering guests their signature combination of “warm hospitality, …

Kampala, Uganda | THE INDEPENDENT | Ethiopia’s national carrier, Ethiopian Airlines, has announced plans to have daily flights between Addis Ababa and Mogadishu starting Dec.01, less than two weeks since the carrier re-launched flights on the route. Presently, Ethiopian Airlines operates three weekly flights. Seeing neighbours Kenya Airways also jump on …

Colombo, Sri Lanka | AFP | Sri Lanka Saturday slashed a tax on sugary drinks in a controversial reversal of an anti-diabetes policy that attracted immediate criticism. The finance ministry ordered an immediate 40 percent reduction in the levy as part of a package of tax cuts launched by the …

Bruxelles, Belgium | AFP | Eight months after revealing the links between Facebook and Cambridge Analytica (CA), whistleblower Christopher Wylie is pushing for the internet giant to be regulated — whether it wants to or not. He is scathing about Facebook’s “man-child” chief executive Mark Zuckerberg and the arrogance of …

Washington, United States | AFP | As many as 500 million guests Marriott International hotels may have been victims of a hack of the chain’s reservation database, the company announced Friday. Marriott said it was alerted on September 8 that there had been an attempt to hack their reservation database …

Kampala, Uganda | THE INDEPENDENT | Pan African lender, United Bank for Africa, through the UBA Foundation, the arm of the bank charged with Corporate Social Responsibility (CSR) has unveiled the ‘Each One Teach One’Initiative designed to benefit   youths across the continent. The aim of the initiative is to create opportunities …

Kampala, Uganda | ISAAC KHISA | The country’s banking industry recorded a sluggish profit growth in 2017 but it projects a positive outlook a head. Fabian Kasi, the managing director of Centenary Bank spoke to The Independent’s Isaac Khisa about the industry’s growth prospects. Ashead of one of the country’s …

Kampala, Uganda | THE INDEPENDENT |  The Civil Society Coalition for Oil has reported an invasion of speculators rushing to acquire properties in areas of Gomba in a scheme to reap from the East African Crude Oil Pipeline project. Gomba is among the ten districts where the proposed 1,445 kilometres …

Kampala, Uganda | AGNES E NANTABA | Vaolah Amumpaire is a marketeer and the brain behind Wenahardware.com, a multi vendor e-commerce platform for building and construction materials. She says she got to establish an online hardware store from disappointments caused by dishonest people who fail to building and construction materials …