Business

Tokyo, Japan | AFP | Japanese condom makers are ramping up preparations ahead of the Tokyo 2020 Olympic Games, seeing a golden opportunity to showcase their world-record ultra-thin products. For years, hundreds of thousands of condoms have been distributed for free to competitors at Olympic Games in a bid to encourage …

Countries and Signatories: 1.Niger – President Mahamadou Issoufou 2.Rwanda – President Paul Kagame 3.Tchad – President Idriss Deby 4.Angola – President Joao Lourenço 5.Central African Republic – President Faustin-Archange Touadéra 6. Comoros – President Azali Assoumani 7. The Republic of Congo – President Denis Sassou Nguesso 8. Djibouti – President …

Kampala, Uganda | THE INDEPENDENT | Uganda’s motorcycle hailing firm, SafeBoda, has unveiled a new year-long campaign dubbed YourCityRide aimed at encouraging people to go out and discover the best of Kampala City. The campaign will feature among others, city tour, street food festival and a boda themed street fashion …

Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako is the Chief Executive Officer of the Electricity Regulatory Authority (ERA). The Independent’s Julius Businge attended a media training workshop on March 6 where she responded to a number of questions. How would you describe Uganda’s electricity sector at the moment? Uganda’s …

New York, United States | AFP | Twitter shares were hammered Tuesday at midday following reports that Israel was weighing action against the company, adding to the growing woes of social media stocks. Near 1800 GMT, Twitter shares were down 12.0 percent at $30.79 following comments by Israeli Justice Minister Ayelet …

Cairo, Egypt | AFP | Egypt’s administrative court issued a ruling on Tuesday stopping the operations of ride sharing apps Uber and Careem, state media reported. Both services had sparked protests by taxi drivers who complained that their drivers were not required to pay the hefty fees to operate transportation …

 Kigali, Rwanda | ISAAC KHISA AND AGENCIES | Kenyan-based Commercial Bank of Africa (CBA) officially started its banking operations in Rwanda on March 19 following the successful acquisition of Crane Bank Rwanda Ltd, now relaunched as CBA Rwanda Limited. Acquired from Dfcu Uganda, CBA Rwanda Ltd becomes the 16th commercial …

Separating fact from fiction Kampala, Uganda | RONALD MUSOKE | According to official figures, tourism contributed up to US$1.35 billion into Uganda’s export basket in 2016, and was the single highest foreign exchange earner; contributing 23.5% of total exports. Based on those figures, the tourism lobby; which has advocates on …

San Francisco, United States | AFP | Facebook announced Monday it has hired a digital forensics firm to investigate the handling of data on millions of Americans leaked to a consulting firm working on Donald Trump’s 2016 presidential campaign. The move by Facebook came amid an onslaught of criticism after …

Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda in partnership with the United Nations Capital Development Fund has intensified its drive for financial inclusion in Uganda by unveiling a new program called Mobile Money for the Poor (MM4P) that will ride on agency banking targeting refugees. The two partners recently …