Business

Kampala, Uganda | GODFREY SSALI | Kampala City Hall Court has remanded a man for failure to pay food and drinks worth sh240,000 at a newly opened Kampala hotel, Skyz. Brian Banya appeared before Grade One Magistrate Beatrice Kainza Wednesday and pleaded guilty to the offence of obtaining credit by fraud. …

Kampala, Uganda | THE INDEPENDENT | Uganda Communications Commission (UCC) has today placed this advert. Tweets about @ucc_official Share on: WhatsApp

Mali’s President Keita hails  Museveni as Ocheger lands in Mali Bamako, Mali | THE INDEPENDENT | Mali’s President Ibrahim Boubacar Keita has hailed his Ugandan counterpart, President Yoweri  Museveni as a true Pan Africanist committed to the development and integration of the African continent. Keita made the remarks after receiving …

  Kampala, Uganda | THE INDEPENDENT | The Uganda National Roads Authority (UNRA) has impounded 129 trucks in one month as it starts implementation of new regulations to control overloading on Ugandan roads. Overloading fees of Sh3.5 billion has also been imposed on the truck owners as UNRA changes to issuance …

The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …

Nairobi, Kenya | AFP | Kenya’s health ministry on Tuesday announced a ban on the import and sale of certain South African processed meat products after a listeria outbreak that has killed at least 180 people. Kenya is the first nation in east Africa to ban ready-to-eat meat products from …

Kampala, Uganda | THE INDEPENDENT |  Government has shelved plans to liberalize the pension sector and will instead amend the National Social Security Fund (NSSF) Act Cap 222. According to the proposals in the National Social Security Fund Amendment Bill, 2018 to be tabled soon in parliament, NSSF will retain its …

Washington, United States | AFP | US President Donald Trump vowed Monday not to exempt Mexico and Canada from new steel tariffs without a “fair” trade deal, but his chief negotiator warned the trio’s talks were not living up to expectations. Speaking as US, Mexican and Canadian trade officials gathered …

USD9.4m Trade infrastructure at Mpondwe border to boost Uganda’s exports to DR Congo Kampala, Uganda | GODFREY SSALI | The Democratic Republic of Congo is one of Uganda’s export destinations ranking number three within the COMESA region. Uganda’s exports to DR Congo are valued at USD177m and these are mainly …

Kampala, Uganda | ISAAC KHISA | The European Investment Bank (EIB) has extended US$29.6million (€24million) loan to two local banks for financing small and medium sized firms in Rwanda. The bank signed the US$19million loan with the Development Bank of Rwanda and another one with I&M Bank of Rwanda at US$10milllion. …