Business

New York, United States | AFP | The US Securities and Exchange Commission on Monday laid charges over a fraudulent cryptocurrency fundraiser that boxer Floyd Mayweather and rapper DJ Khaled touted on social media. Neither celebrity is accused in the scheme which the SEC said raised more than $32 million from …

But the public debt has increased by 9.4% to hit Shs 37.9trillion Kampala, Uganda | ISAAC KHISA | Uganda’s optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. The Central Bank’s latest quarterly report dubbed ‘State of the Economy’ …

Meeting raises hope for improved relations between Kampala and Kigali Kampala, Uganda | RONALD MUSOKE | A recent one-day state visit by Rwandan President Paul Kagame to Uganda on March.25 has raised hopes that relations between the two countries might return to normalcy again after several months of heightened tensions. …

Kampala, Uganda | JULIUS BUSINGE | Fuel and other lubricants distributor, Vivo Energy Uganda Limited, has expanded its coverage by opening seven new service stations. The new service stations, which started operations at the end last year, includes; Kakiri, Kira Town, Kyengera, Gulu Highway, Nebbi, Namusera and Lyantonde. This puts the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Ambassador in Beijing  Dr. Chrispus Kiyonga has encouraged Chinese enterprises to invest in Uganda because the country offers many opportunities and is friendly. Dr. Kiyonga said this during a visit to Shenyang and at a conference co-organised by the Uganda Embassy, the Liaoning Provincial authorities …

  Details of Museveni meeting Blow-by-blow account of fight wrecking central Bank Kampala, Uganda | HAGGAI MATSIKO | Emmanuel Tumusiime Mutebile, 69, the Governor and his Deputy, Louis Kasekende, 59, have until recently been seen as major pillars of Bank of Uganda (BoU). One has been credited for building the foundations …

Kampala, Uganda | THE INDEPENDENT | Uganda’s poultry farmers will soon resume selling their products to the neighbouring Kenya after nearly a15-month ban. The Kenyan government on March 22 said it plans to lift the ban soon, allowing Uganda’s chicken and egg products access itsKsh500milliom market. Kenya banned the entry of …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has entered into a partnership with the International Institute of Rural Reconstruction (IIRR) to support the ongoing latter’s fundraising campaign dabbed ‘Goats for girls’ which aims at keeping the Karamoja girls in school. The telecom company handed over a dummy cheque of Shs …

  Trump to suspend duty-free apparel imports from Rwanda, spares Uganda and Kenya Washington, United States | AFP |  President Donald Trump suspended the duty-free status of Rwanda’s apparel after finding the African nation unfairly blocked US exports of used clothing (commonly known as Mivumba), officials announced Thursday. However, the …

Kampala, Uganda | THE INDEPENDENT |  Ambassador Patrick Mugoya has hailed Japan’s cooperation with Uganda, which he says is best shown in Jinja with the partnership building of the magnificent new Jinja bridge. Mugoya, who is the Permanent Secretary Ministry of Foreign Affairs (MoFA),  stressed that resource mobilization, increase of Ugandan content, …