Cash strapped UTL managers chase capital to fund three years turnaround strategy Uganda Telecom is one of the oldest telecom companies in the country and the third in terms of subscriber base now standing at less than two million out of the 22.97million mobile phone users, writes Julius Businge. Owned …
Read More »
RwandAir unveils inflight duty free services Following the arrival of ‘Kalisimbi‘, RwandAir’s third Boeing B737-800NG and first – also in Africa – with inflight WiFi connectivity on Nov 16, has the airline’s CEO John Mirenge announced the launch of inflight duty free sales over the coming days. Once in place …
Read More »
Algiers, Algeria | AFP | Volkswagen on Sunday signed a deal with its Algerian sales partner Sovac for the construction of a vehicle assembly plant in the North African country, officials told a news conference. Under the deal, worth $170 million (160 million euros), the plant will produce its first …
Read More »
Why tension is growing over Indian, Chinese retail traders On Nov.18, traders in the northern Uganda town of Lira refused to open their shops for business in protest against what they termed as `unfair competition’ from foreign traders; mainly Indians. The protest by traders under the Lira Business Community (LBC) …
Read More »
Warri, Nigeria | AFP | Nigerian militants on Sunday blew up a state-run pipeline in the restive oil producing south, in the latest act of sabotage aimed against the strategic sector, a local official said. “The pipeline popularly known as the Abura line was bombed at about 7:30 am on …
Read More »
Lagos, Nigeria | AFP | It’s not Nigerian President Muhammadu Buhari’s fault that Nigeria’s economy is inextricably tied to the global price of oil, now half of its 2014 peak of over $100 per barrel. But the president’s response to the economic crisis has a growing number of people concerned …
Read More »
Washington, United States | AFP | Donald Trump’s White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers. Following the Republican’s election, shares in two of the sector’s major players, CoreCivic (formerly known as …
Read More »
New York, United States | AFP | Donald Trump’s daughter Ivanka, accused of a potential conflict of interest as she helms her own brand while making frequent appearances with her president-elect father, is separating her business and personal social media accounts. In a “letter” that appeared Tuesday on her Twitter …
Read More »
VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …
Read More »
New Delhi, India | AFP | Huge bank queues have become an ubiquitous sight across India after the government suddenly withdrew the two highest denomination notes from circulation two weeks ago — but now you can hire-a-queuer online. New Delhi-based startup BookMyChotu — a play on the Hindi word “chotu” …
Read More »
The Independent Uganda: You get the Truth we Pay the Price