Business

Parliament to investigate “sh6 billion golden presidential handshake” Parliament on Wednesday agreed to set up a select committee to look into what has been referred to as the “Golden Presidential handshake” that cost tax payers sh6 billion. The bonus was paid out to a team of 42 selected government officials …

London, United Kingdom | AFP | Manchester United’s relative failure on the pitch has not been reflected off it as for the first time in over a decade they top Deloitte’s Football Money League for revenue in the 2015/16 season. United — who were last on top in the 2003/04 …

Nairobi, Kenya | AFP |  Kenyan and Rwandan authorities said Wednesday they had banned poultry products from neighbouring Uganda, where a virulent H5 strain of avian flu has broken out. “The government banned importation of poultry and poultry products from Uganda with immediate effect,” said Kenya’s agriculture cabinet secretary Willy …

Tanzania urges speed as study starts on 1450km export pipeline Excitement on Jan.9 filled the boardroom on the fourth floor of Amber House, the headquarters of the Ministry of Energy and Mineral Development in Kampala, as high ranking officials of the governments of Uganda, Tanzania alongside three oil firms jointly …

Kitimbo’s unusual go-green art Art has long been a catalyst for social change, from the anti-war Dadaists during World War I to the music of Nina Simone during the 1960s civil rights movement in America. For as long problems and tragedies remain, art appears to always seek to play an …

Rwandair, Agriculture, Energy, Defense to benefit Rwanda President Paul Kagame while on a visit to India invited Prime Minister Narendra Modi on Jan.10 to work out collaboration on exploring the methane reserves in his country. India which is in the midst of an energy quest, according to news reports there, …

Oil pundits sees Tullow Oil plc.’s new share sale a strategy to exit the country’s oil sector London-Based Tullow Oil plc’s announcement that it is once again scaling down its stake in Uganda’s oil development, shedding off nearly two thirds of its shareholdings to the rival firm, Total E&P for …

Analysts say the government needs Shs800bn subsidy annually to keep national carrier in the air The good news is that if President Yoweri Museveni’s New Year 2017 pledge is implemented, Uganda could end this year with a revived national air carrier. The bad is that the revived Uganda Airlines could …

Allan Rwakatungu is the chief executive officer of Intelworld Uganda. He spoke to the Independent’s Agnes E Nantaba about financial technology and business in Uganda What are the key elements in your management philosophy as a manager? I take myself as a mentor or trainer kind of manager. I prefer …

THE LAST WORD Economic growth Vs development: Don’t judge Uganda by where it is but by the speed at which it is growing. COVER STORY Scandal over Museveni’s Shs 6bn ‘handshake’: Stars of anti-corruption fight caught in secret deals with President. SPORTS What does Uganda Cranes need more in Gabon: …