Business

Malabo, Equatorial Guinea | AFP |  Equatorial Guinea said Monday it has demanded 73 million euros from French oil giant Total over “fraud” in fuel sales made between 2010 and 2012. “Following an investigation, we found a suspicious and fraudulent situation,” said Finance Minister Miguel Egonga Obiang as he announced …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority (KCCA) has doubled street parking fees in the city. Parking charges for the first hour have shot up from sh400 to sh1000, and the charge will now apply for the first two hours of uninterrupted parking in the same space. KCCA …

Analysts say the new initiative has to be all-inclusive to succeed Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority(URA) is designing a Medium Term Revenue Mobilisation Strategy (MTRS) seeking to meet the ever growing annual revenue collection targets. The MTRS’ core objective is to ensure that revenue collection matches …

Hanoi, Vietnam | AFP |  A former banking magnate and 50 others went on trial in Vietnam Monday over a multi-million dollar fraud at a major private bank, as the communist nation cracks down on corruption in the sector. Authorities have vowed to clean up an industry plagued by favouritism …

Lagos, Nigeria | AFP |  A Nigerian court seized $21 million on Monday from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune. Federal high court judge Abdulazeez Anka ordered the immediate forfeiture of 7.6 billion naira ($21 million, 17.9 …

  Nairobi, Kenya | AFP |  A ban on plastic bags came into force in Kenya on Monday in a bid to slow pollution, with offenders liable to jail time or hefty fines. The ban on the use, manufacture and importation of plastic carrier bags was carried through after the …

Kinshasa, DR Congo | AFP | Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said Monday. “We have decided on the temporary restriction of imports in the western part of …

Sandra Letio is the CEO of Pelere Group Limited. She spoke to The Independent’s Agnes E Nantaba about boosting local manufacturing in the cosmetics and personal care industry. What are the key elements in your management philosophy as a manager? As a manager, I am accountable to different people and …

But can the carrier survive with its low cost flights in East Africa and beyond? Kampala, Uganda | ISAAC KHISA |A low-cost carrier, Vule Airways, is set to fly out of Entebbe International Airport starting November subject to regulatory approval from the Civil Aviation Authority. Robert Mwesigwa, the co-founder and …

THIS WEEK: Uganda declared bird flu free Kampala, Uganda | THIS WEEK | Following a January outbreak of bird flu in parts of Wakiso and Masaka districts, neighboring countries including Kenya and Tanzania issued a trade ban on poultry products from the country until they are declared disease free. On …