Kampala, Uganda | THE INDEPENDENT | Jennifer Musisi Semakula has resigned from the office of the Executive Director of Kampala, ending her seven year tenure at the helm of the city. Musisi submitted her 21-page resignation notice to President Yoweri Museveni Monday indicating that she will step down on December 15, …
Read More »UBA wins best social banking award for leo-chat banking
Kampala, Uganda | THE INDEPENDENT | UBA Uganda has been crowned the winner of the Digital Impact Awards Africa (DIAA) Social Banking award for its ground breaking Innovation -LEO Chat banking, at an event held at Kampala Serena Hotel last week. The 2018 Digital Impact Awards (DIAA) themed Include Everyone recognized …
Read More »Afreximbank urges South economies to work together to counter Trade uncertainties
Kampala, Uganda | ISAAC KHISA | The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said on Oct. 09 in Bali, Indonesia. Speaking during a Panel discussion on …
Read More »Insurance: Phoenix eyes 57% growth after rebranding
Kampala, Uganda | JULIUS BUSINGE | Starting Oct.11, Phoenix Assurance rebranded and changed its name to MUA Insurance Uganda Ltd or simply MUA following an event that took place at the Sheraton Kampala Hotel a day before. Phoenix of Uganda Assurance Company Ltd was licensed to do business in Uganda in …
Read More »4th Annual TEF Entrepreneurship Forum announced for 25th october 2018
5,000 Entrepreneurs to be welcomed in Lagos for Africa’s largest entrepreneurial convening Kampala, Uganda | ISAAC KHISA | Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4th annual TEF Entrepreneurship Forum. The largest gathering of African entrepreneurs and the …
Read More »Bad news for Uganda economy
And the secret formula needed to accelerate GDP growth Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; …
Read More »Bad oil deal
Museveni fight with oil firms threatens major project Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni’s dream of Uganda getting first oil by 2020 has been hit by a double blow from two international oil companies; Total E&P Uganda and Tullow Oil Uganda. Museveni is battling the two companies on …
Read More »Museveni woos British investors
London, UK | THE INDEPENDENT | President Yoweri Museveni has made a passionate plea to the British business community to invest in Africa and in Uganda in particular. He said the British they have the capital, skills, entrepreneurship and knowledge to make profit while the continent needs to create …
Read More »IMF warns of ‘somewhat’ greater global financial risk
New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …
Read More »Hope as Isimba dam nears completion
Two units set to go live within three months Nairobi, Kenya |ISAAC KHISA | There lies a stretch of land in Isimba village on the Victoria Nile in Kayunga District, 44km downstream of the 250 MW Bujagali Hydroelectric Power Station where dust has never settled. In the past five years, …
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