Kampala, Uganda | THE INDEPENDENT | Customers of Standard Chartered Bank are experiencing new service of a full-fledged digital bank recently opened in Ntinda, a Kampala suburb. The Bank’s Managing Director, Albert Saltson, said the new digital branch, located at the Vivo Energy Petro Service Station and fully equipped with digital …
Read More »Earthquake kills four in S.Africa mine
Johannesburg, South Africa | AFP | Four miners were killed and three others were trapped underground after an earthquake hit a gold mine outside Johannesburg, its owners said Friday. Thirteen miners were initially trapped about three kilometres (two miles) below the surface, James Wellsted, spokesman for mining company Sibanye-Stillwater, said …
Read More »Prof Mulengani to Ugandans: Up your competitiveness
Kampala, Uganda | THE INDEPENDENT | Renowned management scholar, Prof. Allan Katwalo Mulengani, says Ugandans have to up their competitiveness in the marketplace or else they will be overrun by foreign interests. Mulengani, the Director of Nairobi-based Abacus Business School, was speaking at a business banking breakfast meeting organized by …
Read More »Madhvani Foundation launches Sh700m 2018/19 scholarship program
Madhvani Foundation has invested six billion shillings so far in Uganda’s University Education Kampala, Uganda | JIMMY SIYA | The Madhvani Foundation on Wednesday announced the 2018-2019 Scholarship annual award worth Sh700 million . The Initiative reintroduced in 2003 has so far offered over Sh6.5 billion and supported over 2000 Ugandan …
Read More »MOFA and Promote Uganda Limited sign partnership MOU
Kampala, Uganda | THE INDEPENDENT | The permanent secretary, Ministry of Foreign Affairs (MoFA), Amb. Patrick Mugoya on Wednesday 02/05/2018 signed an addendum to the 2006 partnership agreement with Promote Uganda Ltd. represented by CEO David Nsubuga. Since 2006, Promote Uganda Ltd has been working with the Ministry for Foreign Affairs …
Read More »Africa struggles for weapons against armyworm curse
Kisumu, Kenya | AFP | On farms across Africa, a seemingly innocuous brown and beige caterpillar is waging a silent war, devastating rural incomes and posing a major threat to the continent’s food supply. In just two years, the so-called fall armyworm has colonised three-quarters of Africa, according to the …
Read More »Angola looks beyond crude oil to fish oil
Benguela, Angola | AFP | Angolan President Joao Lourenco has named diversifying the oil-dependent economy as his top priority after he became the country’s first new leader in 38 years. And one natural and readily available resource that has been identified is fish — but a lack of equipment and …
Read More »Govt supports Muhakanizi proposals on UTL revamp
Kampala, Uganda | THE INDEPENDENT | Uganda has stepped up the search for an investor to revamp Uganda Telecom Limited (UTL), with Cabinet approving a proposal by the Ministry of Finance to provide a range of incentives to attract competent bids. “Cabinet agreed to and approved the proposal by the Ministry …
Read More »PRESS RELEASE: AERC appoints incoming Executive Director
NAIROBI | Business Wire | The Board of Directors and Management of the African Economic Research Consortium (AERC) are pleased to announce the appointment of Njuguna Ndung’u as the next AERC Executive Director effective September 1, 2018. Prof. Njuguna Ndung’u is well known to the AERC network as a trainer and …
Read More »Rent law: Good intentions, bad incentives for property market
The proposed law will make rent expensive Kampala, Uganda | ISAAC KHISA | John Kityo has been experiencing some tough times in renting a room for his small business in downtown Kampala. The 30-year old has rented seven different places as a result of sudden rent increments. So when Dr. …
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