Business

Energy Minister Ruth Nankabirwa shares progress on the refinery, EACOP, and related projects Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has received a comprehensive update on the progress of key projects, including the refinery and the East African Crude Oil Pipeline (EACOP), during a briefing by Energy Minister …

Kampala, Uganda | THE INDEPENDENT | CFAO Motors has introduced the all-new Toyota Corolla Cross Hybrid Electric, marking a transformative addition to Uganda’s automotive landscape. This self-charging hybrid electric vehicle (HEV) seamlessly blends Toyota’s expertise in hybrid technology with the country’s increasing focus on eco-friendly driving, according to the company’s Managing …

Kampala, Uganda | THE INDEPENDENT | The Absa Bank Uganda Human Capital Director Sylvia Mulomi has tipped Human Resource (HR) practitioners about the organisational culture and work ethic as key to shaping a thriving workplace, which ultimately results in the company’s success, including higher revenues. She was speaking during the HR …

The multilateral lender has resumed normal operations Kampala, Uganda | RONALD MUSOKE | On Jan.20, the African Development Bank Group (AfDB) said it had successfully resolved the 80-day stand-off with the Ethiopian Government, marking the end of a challenging period resulting from a “serious diplomatic incident.” The Ethiopian security authorities on …

TEMA, Ghana | Xinhua | Ghanaian President Nana Addo Dankwa Akufo-Addo on Friday commissioned the completion of the first phase of a Chinese-built oil refinery in Tema, a port city in southern Ghana. The Sentuo Oil Refinery, which was built by a private Chinese company, is expected to provide thousands …

Kampala, Uganda | THE INDEPENDENT | The Absa Bank Uganda Human Capital Director Sylvia Mulomi has tipped Human Resource (HR) practitioners about the organisational culture and work ethic as key to shaping a thriving workplace, which ultimately results in the company’s success, including higher revenues. She was speaking during the …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda and the Deposit Protection Fund (DPF) issued a roadmap for the payment of depositors at microfinance company EFC Uganda, now under liquidation. According to the plan, and the laws, DPF will pay the protected depositors, or those with deposits not more …

Kampala, Uganda | THE INDEPENDENT | The state has this week taken over criminal proceedings against businessman Patrick Bitature and his wife Carol Bitature in a $26m commercial dispute with South African money lender Vantage Mezzanine Fund 11 Partnership. The intervention by the Director of Public Prosecutions (DPP) comes after Kirunda …

NAIROBI, KENYA | Xinhua | The Kenyan shilling traded at a new low of 161.4 against the U.S. dollar on Tuesday, the Central Bank of Kenya (CBK) said on Tuesday, as it continued with its free fall against major global currencies. The local currency crossed the psychological 160 mark against …

Alpha MBM Investments LLC enters refinery negotiation with Uganda Kampala, Uganda | THE INDEPENDENT | Alpha MBM Investments LLC, a UAE-based company has entered negotiations with Uganda over investing in their refinery project. The company is said to be an investment arm of a prominent member of the Royal family of …