Young entrepreneur exploits well-kept secret Kampala, Uganda | ANDREW S. KAGGWA | That Uganda has the largest single owned cocoa farm in Africa is perhaps one of the best kept secrets – and Stephen Sembuya, the co-owner of the cocoa trading and processing firm Pink Foods Industries, was born into it. …
Read More »The pride of liberators
Three Rwandan war heroes give moving testimonies on 24th Heroes Day Kampala, Uganda | FRANCIS BYARUHANGA | Jonathan Muvunyi was 18 years old but already fighting to liberate his country with the Rwandan Patriotic Front (RPF) when he was injured in 1994. He was hospitalised in Byumba from 1994 to 2008. …
Read More »African carriers’ post 15.6% growth in freight volumes-IATA
Kampala, Uganda | THE INDEPENDENT | African carriers’ posted the fastest growth in year-on-year freight volumes, up 15.6% in December 2017 and a capacity increase of 7.9% boosted by strong growth in Africa-Asia trade, latest data from the International Air Transport Association (IATA) shows. This contributed to an annual growth …
Read More »Stanbic joins URA’s e-payment platform
Kampala, Uganda | JULIUS BUSINGE | Times of visiting banking halls and Uganda Revenue Authority (URA) offices to file tax returns could be over as the tax body continues to partner with financial institutions and telecom companies to offer online payment solutions. Stanbic bank, which collects a third of URA’s annual …
Read More »New accounting standard will make loans, insurance expensive
Experts say financial institutions to prefer extending short term loans. New accounting standard will make loans, insurance more expensive Kampala, Uganda | ISSAC KHISA | Uganda’s banking and insurance industries are envisaging good times ahead as they embrace the new global accounting standards effective this year. The bad news is that borrowers …
Read More »‘Saleh proposal on ministries will fail’
Museveni is the problem, insiders say Kampala, Uganda | HAGGAI MATSIKO | Efforts by an undercover team to study areas of wastage in government departments with a view to make public service delivery leaner, less costly, and more effective fear running into trouble from an unlikely source; President Yoweri Museveni. This …
Read More »Fashionable nonsense
How the debate on governance in Africa is a toxic combination of high emotion and little knowledge THE LAST WORD | Andrew M. Mwenda | It is fashionable across our continent to condemn governments for poor delivery of public goods and services. This, it is argued, is caused by corruption, …
Read More »Uganda’s inflation drops to 3%
Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …
Read More »EU gives 100,000 Euros aid to Congolese refugees
EU gives 100,000 Euros aid to Congolese refugees Kampala, Uganda | THE INDEPENDENT | Congolese refugees living in Uganda are set to benefit from aid to the tunes of 100,000 Euros from the European Union. According to a statement by the EU, the money will be available to the International …
Read More »Kenya Airways’ Non-Stop flight to Cape Town
Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, will unveil non-stop Nairobi-Cape Town flights starting June this year in what appears to be a new wave of expansion. The airline will operate three times a week, every Wednesday, Friday and Sunday, using a Boeing B737-800NG aircraft. It …
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