JOBS: 34 positions to be filled at Petroleum Authority of Uganda Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) is a statutory body established under Section 9 of the Petroleum (Exploration, Development and Production) Act 2013, and in line with the National Oil and Gas Policy for Uganda which …
Read More »Airtel Uganda gets new MD
Kampala, Uganda | Julius Businge | Airtel Uganda has announced the planned departure of their managing director Anwar Soussa in a notice shared on Aug. 09. According to the notice, Soussa, who took up this role in June last year, is leaving as a result of a personal decision to take …
Read More »VENDORS: Kyambadde condemns KCCA enforcement officers
Kampala, Uganda | GODFREY SSALI |The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has condemned the manner in which Kampala Capital City Authority (KCCA) enforcement officers handle street vendors especially women, saying such excessive force is uncalled for. This follows the death of a one Olivia Basemera last Friday …
Read More »Zimbabwe plans $1 billion ‘Mugabe University’
Harare, Zimbabwe | AFP | Cash-strapped Zimbabwe announced Wednesday that it plans to build a $1 billion university to honour Robert Mugabe, the 93-year-old president accused of brutal repression and bringing the country to economic ruin. The university joins other facilities named after Mugabe including the government’s school of intelligence, …
Read More »Rice to riches: Vietnam’s shrimp farmers fish for fortunes
Soc Trang , Vietnam | AFP | With a flashy gold watch and a chunky matching ring, Tang Van Cuol looks a far cry from the average Vietnamese farmer as he slings back a shot of rice wine and boasts about his projected earnings. After years scratching a living growing rice …
Read More »World Bank upbeat about economy
World Bank upbeat about economy | Says Public Private Partnerships on large projects could spur economy Kampala, Uganda | IAN KATUSIIME | The Uganda economy could grow at a rate of 5.2% during the current Financial Year 2017/18, according to the latest World Bank update released on July 25. That …
Read More »AGOA: Trade forum in Togo to showcase Trump’s Africa policy
AGOA: Trade forum to showcase Trump’s Africa policy Lome, Togo | AFP | US President Donald Trump barely mentioned Africa or trade with the continent during his whirlwind campaign and has been mostly silent about the region since taking office. But the annual African Growth and Opportunity Act (AGOA) forum …
Read More »McDonald’s to nearly double outlets in China
Beijing, China | AFP | Fast food giant McDonald’s said Tuesday it would almost double the number of restaurants in China over the next five years as it refocuses on international markets amid slowing US sales. The Illinois-based burger chain will add 2,000 stores to its current 2,500 in China and …
Read More »US natural gas emerging as rival to Russia in Europe
New York, United States | AFP | The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia’s hold on the European market. Russian exports to Europe remain a foundation of the continent’s economy, accounting for about 41 percent of …
Read More »DFCU Bank sued for failure to payoff Crane Bank debts
Kampala, Uganda | GODFREY SSALI | The Commercial Court has summoned DFCU bank to file a defence within 15 days explaining why it has refused to pay debts that were incurred by the now closed Crane Bank. This follows a suit filed by an advertising company Premier Advertsing and media Ltd …
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