Business

Kampala, Uganda | THE INDEPENDENT | DFCU Bank Ltd and its former managers will now stand trial in the UK following the loss of a bid to bar legal action in the London courts brought against them by Crane Bank Ltd. The Supreme Court of the United Kingdom in London on …

Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling ended the year 2023 on a stronger note, having stabilized against the US Dollar, and did better than its peers in the East African Community, according to analysts. The currency strength has fluctuated between 3,767 and 3,815 to the US dollar over …

 Innovative cement technologies that cut emissions and utilise local materials are entering Africa, where the green cement market is forecast to hit $867.9 million in four years. SPECIAL REPORT | BIRD AGENCY | Africa’s green cement market is poised for rapid growth as new technologies and investors seek to tap …

Madi Okollo, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has called for an independent investigation into a shooting incident involving Uganda People’s Defense Forces-UPDF soldiers attached to the Uganda Revenue Authority (URA) enforcement team. The incident resulted in the death of one person and left four others injured …

Kampala, Uganda | THE INDEPENDENT |  In a bid to support customers in meeting their beginning-of-year goals, Absa Bank Uganda has unveiled solutions under a dynamic two-fold campaign designed to bolster both individual aspirations and business growth. The three-month campaign, under the theme “Jooga2024 Ne Absa” for individuals and “Tumbula …

SHENZHEN | Xinhua | China’s BYD became the world’s leading seller of pure electric vehicles in the fourth quarter of 2023, marking another landmark moment in China’s fast-growing new energy vehicle (NEV) sector. The Shenzhen-based auto company announced the sales of 526,409 all-electric cars between October and December, surpassing Tesla’s …

ICEA LION say commited to client satisfaction despite recent concerns Kampala, Uganda | THE INDEPENDENT |   Leading insurance company  ICEA LION have reassured clients that their policies are consistent, and they are dedicated to ensuring a smooth and satisfactory resolution of all claims filed. ICEA LION released a statement January …

Lagos, Nigeria | THE INDEPENDENT | Airtel Africa plc has today announced the retirement of the Chief Executive Officer, Olusegun “Segun” Ogunsanya, with effect from 1 July, 2024. Ogunsanya, who joined Airtel in 2012, ran the Nigeria Operations of the Telecommunications and mobile money company for nine years before his appointment …

BEIJING | Xinhua | Tesla has announced that its new mega factory project in Shanghai was officially launched and scheduled to begin production within the next year, following the establishment of its Shanghai Gigafactory in 2019, which is the first wholly foreign-owned vehicle manufacturing project in China and Tesla’s first …

  NAIROBI, KENYA | Xinhua | Interest rates on Kenya’s government securities have closed 2023 at a historic high, putting the country in a tough position as it seeks to ramp up borrowing to fund a budget deficit. The Central Bank of Kenya (CBK) said in its data released Friday …