Business

Washington, United States | AFP | The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing …

Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …

Kampala, Uganda | THE INDEPENDENT | As part of its five-year partnership with Buganda Kingdom, on April 10, Airtel Uganda handed over Shs 50 million to support the birthday celebrations of the Kabaka of Buganda, Ronald Muwenda Mutebi. The company’s partnership with Buganda Kingdom supports four of its main annual activities …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has scooped the 2017 Bank of Uganda Best Performing Commercial Bank of the Year in Government Securities award, Governor Emmanuel T. Mutebile announced on April 10. This is the 13th time the BoU was holding this event. It was also Stanbic’s sixth consecutive …

Kampala, Uganda | THE INDEPENDENT | On April 14, Uganda Breweries Limited under its Water of Life initiative kick started the planting of over 2000 indigenous trees on 40 hectares of land at Gangu Central Forest Reserve in Butambala District. This was part of the recently announced five year partnership where …

THIS WEEK: Traders welcome Landlords and Tenants Bill Kampala, Uganda | THE INDEPENDENT | Traders have welcomed the Landlords and Tenants Bill which will put an end to the practice of charging rent on commercial and residential property countrywide in foreign currency especially dollars. Cabinet already approved the bill and it …

Washington, United States | AFP | With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery. IMF chief Christine Lagarde said escalating trade tensions could reverberate through the world …

Luanda, Angola | AFP | Angola on Thursday passed a law scrapping rules that previously forced foreign investors to partner with local firms, as President Joao Lourenco tries to revive the oil-dependant economy. Lourenco has vowed to pull in foreign investment after he succeeded Jose Eduardo dos Santos, who had ruled …

  Nairobi, Kenya | THE INDEPENDENT | Cafejavas, a Kampala-based full-service, quick-casual, coffee-themed restaurant chain, has crossed the border from Uganda, taking their services to Nairobi, Kenya. It is a Mandela Group company. C.Js is the newest Coffee place / Gastronomy place in Nairobi – Koingage Street. Let these pictures …

Tripoli, Libya | AFP | Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said. “The impact of fuel smuggling is destroying the fabric of the country,” NOC president Mustafa Sanalla …