Business

In September 2015,Adewale Fayemi, became  the General Manager of Total E&P Uganda with a clear job brief: Prepare and oversee Total’s operations in the Lake Albert basin transition from the exploration and appraisal phase to the development phase, writes  Ronald Musoke Fayemi’s appointment came just nine months after the departure …

Lagos, Nigeria | AFP |  It’s only when the thick smog of humidity and pollution lifts that the size of Lagos becomes clear: from above, the megacity of some 20 million people seems to stretch out to infinity. Not even the Atlantic Ocean appears to be able to stop its …

Why EACOP Hoima-Tanga oil pipeline pact is a landmark for Uganda and Tanzania Kampala, Uganda | UG MIN EMD |  The Governments of Uganda and of Tanzania have today signed the Inter Governmental Agreement (IGA) for the East African Crude Oil Pipeline (EACOP) Project. The IGA was signed by Uganda’s Eng. …

Ugandan ministers have today signed the East African Crude Oil Pipeline Inter-Governmental Agreement (EACOPIGA) after leaders of the two nation’s agreed last week that  all is set for construction to start. “This signing is landmark occasion after several months of negotiations,” said Ministry of Energy Permanent Secretary Stephen Isebalij, adding “the pipeline …

The Country Director for Aga Khan Foundation in Uganda Akim Okuni has urged the government of Uganda to consider partnering with them to effectively deliver government programmes. Okuni was speaking to The Independent on the sidelines of the East Africa Civil Society Initiative for skilling entrepreneurs in Uganda in Kampala on …

Uganda Breweries Limited has secured partnership rights to market their premium alcohol brands on the popular online marketing internet site, Jumia. “….of course you know very well the economy has not been doing well and some of our brands have been negatively affected,” UBL’s marketing manager in charge of spirits, …

Tanzania minister sacked: Wednesday’s report found that companies exporting raw mineral sands understated the nature and quantity of precious metals in their containers and so avoided paying taxes Dar es Salaam, Tanzania | AFP |  President John Magufuli fired Tanzania’s mines minister on Wednesday after a government report found minerals exports …

  President Yoweri Museveni has received and held a meeting at State House, Entebbe, with a delegation from the Rockefeller Foundation led by Foundation’s president Dr. Rajiv Shah. The Foundation CEO has prioritized the East African Region since he took office on March 1st this year. The Rockefeller Foundation support …

Banks setting up company to wipe bad loans off their balance sheets After years of struggling to cope with borrowers failure to pay loans, Ugandan commercial banks have come together to form a joint company to deal with the problem on their behalf. Formation of the company currently called the …

Two outlets to be closed in Kampala in the new plan Regional retail chain, Nakumatt Holdings, is targeting Ksh1.5billion (Shs51.1bn) in cost cuts annually with the closure of several branches across East Africa starting this month. The chain has already closed Katwe outlet in Kampala over accumulated rent arrears estimated …