The country is looking forward for oil production by 2020 Kampala, Uganda | RONALD MUSOKE | On Sep 14, the Ugandan government signed a production sharing agreement with the Australian Armour Energy Ltd and issued a petroleum exploration licence, the first under the competitive licensing round for oil and gas …
Read More »CEO AWARDS: Wangusa is E.Africa’s most influential woman in art, culture
CDEA’s Executive Director wins Tanzanaia and East Africa CEO awards Nairobi, Kenya | THE INDEPENDENT | Culture and Development East Africa CDEA’s Executive Director Ayeta Anne Wangusa is East Africa’s Most Influential Women in Business and Government in the Arts and Culture category of the CEO Global Africa awards 2017. …
Read More »Kadaga commissions paper processing plant
MP Abigaba roots for investment in the manufacturing of eco-friendly paper bags to replace ‘Kaveera’ Kampala, Uganda | GODFREY SSALI | Government has been urged to invest in the manufacturing of eco-friendly paper bags made from banana stems. The eco-friendly paper bags will help waste disposal by households as Uganda moves to implement the …
Read More »Paul Bwiso: ‘It’s the right time to invest on the stock market’
Paul Bwiso is the chief executive officer of Uganda Securities Exchange. He spoke to The Independent’s ISAAC KHISA. How has been the performance of stock market in the past eight months ending August compared with the same period in 2016? We are down by about 50% to Shs69bn as turnover …
Read More »Rwanda again in top 10 investment nations
Uganda, Kenya, Tanzania, also ranked Rwanda | THE INDEPENDENT | Rwanda has re-entered the Top 10 list after having just missed it the past two years, according to Rand Merchant Bank’s latest `Where to Invest in Africa report for 2018’, released on Sept.18. The theme for `Where to Invest in …
Read More »Bad 2016, gloomy 2017 for banks
Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …
Read More »BUSINESS: Fight over Sadolin
Inside the AkzoNobel, Kansai Plascon tussles to control top paint brand name Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV which owns Sadolin brand name in Uganda is locked in a battle for market control with Kansai Plascon of Japan. The case …
Read More »THIS WEEK: Museveni woos Qatar investors
THIS WEEK: Museveni woos Qatar investors Kampala, Uganda | THE INDEPENDENT |President Yoweri Museveni has said Uganda is fast becoming a middle-income country with vast investment opportunities in agro-processing, industrialization and the service based sector. “Uganda is moving towards becoming a fast world country based on four sectors; commercial agriculture, …
Read More »Budget airlines to drive plane demand in next 20 years: Boeing
Singapore, Singapore | AFP | Smaller planes will dominate aviation orders worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, Boeing said Friday. Nearly three in four of the 41,030 new commerical planes expected to be delivered in the period at …
Read More »Uber loses licence to operate in London: authorities
London, United Kingdom | AFP | London transport authorities announced Friday they would not renew Uber’s licence to operate in the city when it expires on September 30 over public safety concerns, although it has three weeks to appeal. Transport for London said the conduct of the ride-hailing app, which has …
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